T he P lanchet- I . C. C. JULY, 2020

Issue# 612

A.N.A. C-131170 - I.S.N.A. LM 243 - C.S.N.S. L-600

Established 1939 and celebrating over 75 years of service
to the coin collector.

The next meeting will be July 20, 2020 via Zoom
Most months meetings of the Indianapolis Coin Club are held the third Monday of each month at
the Northside Events and Social Club 2100 E. 71st Street in Indianapolis, Indiana.
The Meetings consist of a business session, educational program, an intermission, and anumismatic auction.
Doors open at 6:00pm, meeting will begin at 7:00pm.
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JULY, 2020

A Few Words From Your Pr esident
by Sharon Bower
Th e Boar d M em ber s of t h e In dian apolis Coin Clu b h ave been m on it or in g t h e
Covid-19 r epor t s closely. We h ave det er m in ed t h at t h e best cou r se of act ion , t oen su r e t h e h ealt h an d w elln ess of t h e m em ber s of t h e Coin Clu b, is t o can cel
ALL m em ber act ivit ies in Apr il,M ay, Ju n e, an d Ju ly. As w e n ear t h e en d of t h is
per iod, w e w ill r eassess t h e st at u s of con t in u in g r egu lar m eet in gs.
Hope this letter finds everyone healthy and happy. These times are certainly strange.
One of these months we will be able to have a live meeting. I know I miss everyone.
The month seems hollow without going to at least a coin club meeting. This is a greattime to work on our collections.
I really hope that everyone is getting through this exceedingly difficult time with
COVID-19 restrictions and keeping themselves safe, healthy and at home. I know that
this can be very frustrating and has impacted many people?s lives dramatically. The
days sometimes pass by slowly unless you are working from home which somehow
seems to make time fly by. Thankfully, many of us can make use of technology tokeep busy. This may also be a time to work on home projects or better organize ourcollections.
Again, I hope that everyone is remaining safe, healthy, and active through thisexceedingly difficult time during the COVID-19 pandemic. With nice summer weather
making it possible to go outside more often, just be sure to follow the best safety
precautions possible. I know that this can be very frustrating, but we want all our
members to remain safe and healthy. Use any technology that you can use to keep intouch with fellow members, as well as family and friends. Please do not forget that wehave been participating in informal Zoom meetings.
I know a few people have been unhappy that we have not had a face to face meetingfor a few months. The ICC board and I have discussed this in length and everyone?ssafety was at the top of why we should not meet in person. We did have two
successful ZOOM meetings. Thank you to everyone who attended.

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Edit or 's Not e:

I want to thank everyone who chose to participate in our writing program. I truly think it will make
The Planchet a better publication. Of the 10 people who volunteered I have already received
articles from 4 members.

There is no due date for your articles but I would like them before the end of the year.
Here is the full list of members who volunteered.
Vinton DovePaul Griffin
Jim Sukup
Louise Boling - Submitted - Printed 5/2020
Don Wray - Submitted - Printed 7/2020
Greg Gordon - Submitted - Printed 3/2020
Sharon Bower
Osman Gurtunca
John Alexandar
John Galloway - Submitted - Printed 2/2020

As hopefully all of our members know, the ICC has a library that is free to use for it's members. The
current list of library books is available on the ICC website. Jim Sukup usually brings a few books
each month but we want to make sure that everyone is aware of the books that are available.
Email Jim prior to the meeting and he will bring your selection if it is available.

jsukup@rpiratings.com

3Issue# 612

JULY, 2020

IKE DOLLARS? BEYOND THICK AND THIN
By: Donn H. Wray

Eisenhower dollars are a short series, 1971-78, never used in commerce,
generally common and of only face value of a nominal amount over face (50 cents,
maybe). In accumulations a stack of Ikes is usually found right next to the low grade$1.00 silver certificates.
But there are opportunities in varieties going well beyond the 1976 thick andthin reverse lettering variants (for those, see? The Redbook?). Condition census coinsalso present opportunities.
CONDITION CENSUS
The Ike was a poorly produced coin. Large and heavy, struck in low relief, typicalexamples are not well struck-up in all details and baggy and abraded from handling at
the Mint. MS-64, and even MS-65 and below specimens do not have high value due tocondition.
But prices go to the moon when you rocket up the MS scale. Looking at somebusiness strike sales at Heritage, a 1973-D in PCGS MS-67 sold for $12,925 in 2013; a
1976-D Type I in PCGS MS-67 for $11,162.50 in 2015. More recently a 1976-D Type II in
PCGS MS-66 brought $492, a 1971-D PCGS MS-67 $630, 1977 MS-67 $870, all in April
this year. A 1974-D in MS-67 brought $1,620 in March and a 1974-S silver (40%) in
MS-69 (the non-proof) brought $4,320 in October, 2019.
Proofs in 70 with a deep cameo designation are also heavy hitters: A 1976-S
Prf-70 DCam brought $1,020 in October, 2019, a 1971-S 70 DCam $336 in July, 2019,
and a 1973-S 70 Dcam $930 in July, 2019.
Of course, finding one of these gems takes both luck and skill. First, you mustrun across a really nice example. And then the skill is evaluating whether it has what it
takes to make the big leagues. Before you gamble your $30 or so on a slab, be
hyper-critical. I suggest putting the candidate under a 20x loupe to look for any little
ticks. And, in looking at would-be belles of the ball, it does seem that toning plays arole in how coins grade. If your Ike comes back MS-65 or less, or Proof 68 or less, youhave probably lost money on the slabbing and postage fees. Chasing grade is always
a gamble. Like a really good college athlete, the move from college to the NBA
winnows down to a very few.
DIE VARIETIES
Some of the non-Redbook varieties have developed a following, and hencesome decent premium. Here are a few:
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JULY, 2020

Peg Leg 1971
The ?R? in ?Liberty? on normal 1971-S proof Ikes has 2 serifs, and is typicallyseen on coins with nice cameo from the new die.
Then, the die polishing began. There are 1971-S proofs missing the lower leftpart of the ?R?. These are common in proof, a minor variety worth a few extra bucks.
But this is rare on the ?circulation? 40% silver coins. You won?t retire on one (a PCGS-64
sold for $84 at Heritage in July, 2019) but it?s a nice pick to watch for.
Double Die Obverse Proof 1971-S
There is a 1971-S proof with a double die obverse. The pick-up-point (?PUP?) is
the word ?God?. Again, not super valuable, but probably a $50 coin, give or take.
1971-D ?Friendly Eagle?
This is one of those varieties which will probably be worth more because ofgood marketing. ?Friendly Eagle? is great imagery.
A properly sculpted eagle has a brow line over his eye. Dies without any
pronounced brow line resulted in this variety, ?friendly? looking because less of ahostile stare. It is estimated that 500,000 to 1 million were struck.
Easiest diagnostic is between the ?L? and the ?A? of ?Dollar. ?The crater of themoon is much more detailed on the ?Friendly Eagle? with lines approaching the top of
the ?A.? Other diagnostics are the Gulf of Mexico being more open and round, theWest Coast in higher relief, and the East Coast has a bump sticking out of it. And, you
can look at the eagle?s face.
Values on these seem to jump around a bit: In May a MS-65 brought $264, but
in February two MS-65s sold for $104 and $114 each.
1972 Type II Reverse circulation strike
For a time in August, 1972, a proof reverse die was mistakenly used forbusiness strikes at Philadelphia. It is guesstimated that less than 100,000 pieces werestruck before the mistake was corrected. The diagnostic is that there are no islands
showing below Florida on the earth, only 3 incuse lines. North America and SouthAmerican fade out at the top and bottom of earth.
In contrast, on the correct die the rim of earth is flat from 8:00 to 11:00, andthere are 3 islands bold below Florida instead of lines.
Value of this one is grade sensitive: In ascending order, a MS-63 brought $61 in
September, a MS-64 $150 in February, a MS-65 $900 in January, and a MS-65 with a
CAC ?watermelon? $1,680, also in January. (Is a watermelon really worth $780 more?!?!)MORE HUNTING
Three works to consult in looking for varieties in general, including Ikes: Fivaz
and Stanton?s ?Cherry Picker Guide;? go on-line for Wexler ?s Die Varieties, and also.
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JULY, 2020

Good luck on finding some grains of wheat amongst the chaff.

Image courtesy of pcgscoin.com

The above article is in response to the writing program we started for club members inJanuary. Thank you Donn. - editor

At t en t ion : Special M essage
This Monday, 7/20/2020, we will are going to have a Zoom meeting for the ICC. All members
are invited. The minimum requirement to view the meeting is to have a computer with speakers. In
order to participate you will also need some sort of camera, either built in to your computer or an
external one. In addition you will need a microphone. Most current model laptop computers havethis stuff built in.
Many of you have already let me know that you plan on attending. I need to have a responseby Sunday from anyone else that wants to participate.
This weekend I will be sending an email to everyone who responded with instructions on
how to participate. We plan on starting at 7:00pm just like our regular meeting.
We will have an educational program this month.

plancheteditor@gmail.com

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JULY, 2020

Issue# 612

An n ou n cem en t s:
In case you haven't heard the 71st St r eet Coin an d Cu r r en cy Sh ow returned in June. Here is whatshow organizer Mark Eberhardt sent out.

THE SHOW IS ON! Yes the 71st Street Coin and Currency Show here in Indy is happening this Sunday, June
14th . As of right now I have 45+ tables of great deals just waiting for you. here will be lots of new dealers
along with many of our regulars. There will be some changes for everyone?s personal protection. They are
as follows:
1. Please if you are not comfortable being in this kind of situation or not feeling well, then please do not
come. There will be plenty of future shows coming.
2. There will be NO breakfast buffet or coffee served. Lunch will be available from the bar for carry out
only. They will have places in the dining room or outside for people to sit.
3. There will not be any signs posted on Keystone or the entrance of the Event Center for security
purposes.
4. There will be only one chair in front of each dealer ?s 6 foot table(s). That means we ask that only One
Customer (or Family Unit, group you came with) per table at a time. If a dealer has more than one table(s),then one customer unit per table. If there is something you want to see just ask. Please wait until
someone leaves before approaching to keep your social distance. Please also be mindful of the dealer ?stime and availability, so please keep your social time with each of them to a minimal. We can all getcaught up at a later time.
5. Face masks are NOT required to be worn by Customers or Dealers, but strongly recommended.
6. Hand cleaning stations and restrooms will be located throughout the show/building for people to use.
Some dealers may also offer hand sanitizer too. Please USE.
7. Because Marion County is one week behind the States requirements, we will be counting heads at thedoor. Once we hit the max number, you may have to wait until someone leaves before you can get into
the show. Again the hall will have areas for you to wait if it becomes necessary. So please do not loiterwhile in the show and give everyone a chance to get into the show.
8. This will be new for all of us, so I ask that you bring your patience too. Let?s make it the most
comfortable, safe, and fun environment we can for everyone.
If you have any questions or concerns, please email me at: fubacoin@aol.com

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JULY, 2020

In dian apolis Coin Clu b
2019 M eet in g Dat es & Edu cat ion al Pr ogr am s
January 20, 2020 - ?Masonic Tokens?- by Gary Selig* Prize sponsor: Joe Boling
February 17, 2020 - ?Barber Quarters? - by Jim Roehrdanz & Jerry Coraz* Prize sponsor: Jim Roehrdanz & Jerry CorazMarch 16, 2020 - Meeting canceled due to COVID-19* Prize sponsor: N/A
April 20, 2020 - Meeting canceled due to COVID-19* Prize sponsor: N/A
May 18, 2020 - Meeting canceled due to COVID-19* Prize sponsor: N/A
June 15, 2020 - Meeting canceled due to COVID-19* Prize sponsor: N/A
July 20, 2020 - 'Florence Nightingale:More Than the Lady With the Lamp' by Helen-Louise Boling
Via - ZOOM
* Prize sponsor: N/A
August 17, 2020 - 'T. B. A.' by Matt Dinger* Prize sponsor: T. B. A.
September 21, 2020 - Exhibit Night* Prize sponsor: I. C. C.
October 19, 2020 -T. B. A. - 'T. B. A.' by Andy Nahrwold* Prize sponsor: T. B. A.
November 16, 2020 - ?Annual State of the Hobby Address?-by Mark Eberhardt* Prize sponsor: I.C.C.
Tuesday, December 1, 2020 ? NO MEETING - I.C.C. Holiday Banquet* For 2020 we are continuing the 'Attendance Prize' drawing at each monthly meeting as an added incentive
for all I.C.C. members to attend as many meetings as possible and to encourage new membership. Everyone
attending each regular monthly meeting will receive a prize ticket when they arrive at the meeting and sign inat the greeting table. The prize each month will be a 90% silver U.S. Half Dollar (or equivalent value coin, $5 ormore) The I.C.C. Board members and officers as well as several I.C.C. members chose to act as sponsors anddonate the monthly prizes rather than funding them from our budget. You'll find the monthly prize sponsor
listed below each monthly meeting date above. You'll just have to show up to see what you may win!
Please keep this in mind each month; regardless of who is giving the monthly program and/or the topic, we owe it tothat person and the membership to remain quiet and pay attention during the program. It?s important that we
respect the knowledge that is being shared with us as well as the time and effort the speaker is donating to our club.
The same rules should apply to our monthly auctions; please remain quiet and pay attention. Thank you.

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JULY, 2020

Tr easu r er ?s Repor t 2020
RECEIPTS:
Dues - Regular @ $20.00 ea.
Dues - Junior @ $5.00 ea.
Advertising - Planchet @ $35.00 ea.
Fifty/Fifty Drawing:2020 Bu dget
$1500.00$25.00$175.00$400.00

Donations
Auction Lotthe
Sales:
Please/ include
following as a report from the
ICCSecretary/Treasurer:
Library Book Sold (est):
Auction Lots Sheets @ $1.00 per Sheet:$110.00
Newsletter Postage Fee:

Jerry
redeemed the Club's C.D. from BMO Harris in
Saleof Medals
TOTAL
theRECEIPTS:
sum of $6,560.22 and deposited the funds$2210.00
into
the Club's checking account held at the National
2020 Bu dget
Bank of Indianapolis. The balance on hand in our
DISBURSEMENTS:
checking
account is now $10,361.66.
Dues- ANA:
Insurance- Liability:$300.00
The Clubalso owns another larger C.D. that hasanInsurance - Treasurer 's Bond:$100.00
approximatebalance of $15,596 that has not yet
Mail
Box Rental:
matured.
Secretary/Treasurer- Postage:
K of C Meeting Room Rent:$1100.00
Door Prizes (11 Months)$25.00Thankyou.
Exhibitors Nights Prizes:$250.00
Library Purchases:
Speaker Meals:$55.00Gary M. Selig, Sec.

Website Maintenance:
Newsletter:- Printing/Supplies:- Postage:$200.00

TOTAL DISBURSEMENTS:$2130.00

NET INFLOW / OUTFLOW:$80.00ICC CHECKBOOK:
Balance:2020 Bu dget
$3827.44

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Issue# 612

JULY, 2020

Adver t ise in t h e In dian apolis Coin Clu b
New slet t er !
Th e cost is on ly $35.00 f or a bu sin ess car d size adf or 11 issu es!

Th e 2019 In dian apolis Coin Clu b
Of f icer s an d Boar d M em ber s:
President
Sharon Bower
Vice-President
Andy Nahrwold
Secretary
Gary Selig
Treasurer
Gerald Coraz
Newsletter Editor
Christopher Bower
Past President
Jim Sukup
Sgt-at-Arms
Jim Warden
Board Member 2020-2021
Vinton DoveBoard Member 2020-2021
Paul Vaughn
Board Member 2020-2021
Jim Roehrdanz
Board Member 2019-2020
Donn Wray
Board Member 2019-2020
Jeff Bercovitz
Board Member 2019-2020
Steve Howery

10Issue# 612

LY, 2020

Specialist in World Coins

Edit or ?s Not e:
The views expressed in any article aresolely those of the author and do not
represent the views of the ICC, nor does
the ICC endorse any advertiser.

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Issue# 612

JULY, 2020

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