The Planchet

October 2017

Issue #582

The next meeting will be
Monday, October 16, 2017
Meetings of the Indianapolis Coin Club are now held
the third Monday of each month at theNorthside Knights of Columbus
2100 E. 71st Street in Indianapolis, Indiana.
The Meetings consist of a business session, an intermission, educational program,and a numismatic auction. Doors open at 6:00pm, meeting will begin at 7:00pm.

Indianapolis Coin Club Educational ProgramThis month’s Educational Program will be:

The Barber Series—America’s Ugly Duckling Quarter’by Jim Roehrdanz
Next Month’s Meeting Date & Program:
Monday, November 20th, 2017, at 7 pm.
“Annual State of the Hobby Address”
by Mark Eberhardt
For a complete list of 2017 Meeting Dates & Educational Programs see the last page of this newsletter.
More information can be found on the Indianapolis Coin Club’s website at:

http://www.indianapoliscoinclub.org/

A Few Words From Your President
Kudos to all of our members that displayed a part of their holdings at our Exhibit Night last month! Ithought that although we did not have as many exhibits as at times in the past, they were as good andas well-presented as ever. Now would be the time to consider what you may want to show at Exhibit
Night next September. It is never too early to start the process of mapping out in your mind what you
might want to show to your fellow collectors.
Nominations for the ICC Board of Directors must be submitted to our Secretary by November 1, 2017.
The president, vice-president, secretary, treasurer, sergeant-at-arms, and editor are elected annually,
the immediate past president is an ex-officio position, and three directors are up for election this year.
If you wish to run for a position as a director, or want to nominate someone for such a position,please inform the secretary by the November 1 deadline. The Club will vote on the slate of candidates
at our November meeting, and the Directors will take office during the December meeting, per ourbylaws.
The special edition of The Planchet that will be passed out free of charge to I.S.N.A. show attendees isnearing completion. Chris Bower and I will do the final folding and stapling later this week. A sample
copy or two should be available at this month's meeting. As I mentioned last month, this special edition will hopefully increase attendees' awareness of the Club and possibly provide a spark so that they
may want to come to our meetings and join the Club. The same goes for former members that have
not renewed their membership for one reason or another. While it is too late to make changes in thespecial edition for this year's show, any comments, suggestions, or contributions that you may want tomake for next year are certainly welcome.
The I.S.N.A. show will be held on Friday, October 27, from 10 a.m. to 6 p.m., and Saturday, October 28,from 10 a.m. to 5 p.m. The ICC will have a table at the show, and it is especially important that wehave a presence during the entire show because we will be handing out the special edition of ThePlanchet and some other materials promoting the Club. WE ARE IN NEED OF VOLUNTEERS TO SIT AT
THE TABLE! Nobody signed up last month, so I will be passing out a signup sheet at this meeting sothat you can take a look at the times that are available in case you forgot to do so previously. I wouldhope that our members can sign up for two-hour periods of time, but even an hour would help theclub out in this endeavor.
The George Rogers Clark National Historic Park quarter launch, and coin exchange, the 40th in theAmerica the Beautiful Quarters Program, will be on Tuesday, November 14, at 10 a.m. (ET) at Riverfront Pavilion, 102 S. 2nd Street, in Vincennes. Earlier this year, some members expressed an interestin carpooling to Vincennes to participate in this event. This will be mentioned during the meeting topossibly pair up those interested parties.
Finally, consider bringing a seasoned collector or even someone that may show only a slight interest innumismatics to our meeting on Monday night. Who knows, that novice may find a hobby for a lifetime! I look forward to seeing you at our meeting on Monday, October 16.

Jim Sukup, PresidentCurrency of the month

Who wants to be a millionaire?
This month’s currency of the month concern is foreign currency with high denominations thatcan be purchased cheaply. The first part of this article deals with current foreign currency andthe second part will deal with obsolete currency.

The three best countries to get 1 million in current currency are Iran, Indonesia and Vietnam.
The figures given are based on exchange rates on August 29. Therefore, a million Iranian rials
are worth 30.43 US dollars. Similarly, a million Indonesian rupiah are worth $43.65 US. Also, asimilar amount of Vietnamese dong is worth $75.00 in American money. To purchase these foreign currencies you may incur exchange fees so your actual cost may be a bit higher than thefigures given.
If all you are looking for are notes with a lot of zeros, there are several obsolete currencies thatwill fill the bill. German notes of the early 1920’s are interesting and for the most part, very inexpensive. Bills with denominations up to 50 million are available for $10 or less. When thenotes were issued, they were so plentiful and worth so little, people burned bundles in theirstoves as it was cheaper than buying firewood. A more extreme case occurred in Zimbabwe. In2007, notes were printed in denominations in the millions, billions and even trillions. The largest being the 100 trillion-dollar note. In 2007, these notes sold for as little as $1 each. Today,
the same bills sell between $50 to $70. Many notes with denominations up to 10 trillion can bebought for $5 or less.
As large as these denominations are, the grand champion is still Hungary in 1946. That year
they stopped using numbers and wrote out each denomination. The largest being the egymillard
B-Pengo. That translates to 1 billion billion Pengo. In Hungary, a billion is equal to our trillion.
So as a number its 1,000,000,000,000,000,000,000. This note was never officially issued but issold every now and then. The largest issued was a mere 100 million billion Pengo. B-Pengo
notes usually sell between $10 and $40.
Reprinted with permission from the Elgin Coin ClubSeptember 18, 2017 - Minutes of the Indianapolis Coin Club Meeting.
Open – President, Jim Sukup, called the meeting to order at 7:00 PM. 35 people were present. We met at theKnights of Columbus Hall, 2100 East 71st Street. The door prize was announced as a 1964 Kennedy Half
Dollar, donated by Bob Bettcher.
The Secretary’s report was not available, but the Treasurer’s report was accepted as published in the Planchet.
Visitors – Visitors were introduced: Marion Wilkins and Levi Shelton, both new collectors.
Committee reports – J im announced that Nick Connor is the newest member of the Membeship Committee.
Old Business – Our Past President, Michael White, reported that he was at the Columbus, Ohio show and theKentucky State Show in Louisville, and it was a very good show.
New Business – Chris Bower reported that the special edition of the Planchet was going strong. It will be a 5½ by 8 ½ multi-page pamphlet to be handed out at the Indiana State Numismatic Show on October 27 – 28 tothe visiting public. There will be 12 pages full color and 12 black and white pages in the interior. Chris islooking for advertisers, and has already found a few. The money from ads will reduce the cost of production
to the Club. Jim also announced that the Club will have a table at the ISNA show. That means we will needmembers to man the table during the hours the show is open to the public, Friday 10 – 6, and Saturday 10 – 5.
Members are urged to sign-up at the next meeting or call Jim and tell him when you are available to work.
Jim then made a plea to the members to consider being the speaker at a meeting in 2018. Junior members,
Nick Connor and Taylor Connor each gave a short talk on Jerry Lebo and his contributions to numismatics,
and each earned a free membership for 2018. Each of them were presented a certificate for their work.
The ANA has a special offer someone who sponsors a new ANA Member. Both the new member and thesponsor will receive a silver medal.
Kills! J oe Boling r epor ted finding a Fr ench Allied militar y cur r ency 500 Fr anc counter feit note on theway home from the Louisville show (at exit 5 in Indiana) which he purchased for $27. It retails for $57! It
was once part of a short snorter. Joe was then asked to explain what a “Short Snorter” was. He explained thatas early as WWI, soldiers signed paper money as souvenirs. In the 1930’s this developed into a tradition
among pilots; when they got together to drink, the one without his signed note (known as a short snorter) hadto buy the drinks (“short snorts”) for those who had theirs.
The Educational Program –Exhibit Night was the program for the evening. Six members presented theirexhibits. Dave Daniell had the most popular exhibit. He had a collection of Trade Tokens from Indiana’scounties. It was beautiful and well presented. He was presented with a 75th Anniversary set, both Silver andBronze, of ICC Medals. Second place prize was a 1963 Franklin Half Dollar, graded NGC MS-64, presentedto Nick Connor for his exhibit of Classic Head Cents. The other participants each received a Bronze ICC 75thAnniversary Medal. The Half Dollar was donated by Club Secretary, Vinton Dove.
After the Break, the Attendance Drawing (Door Prize) and the 50/50 Drawing were held.
Auction –Joe Boling ran the auction. Assisting were Sharon Bower, Donn Wray, Michael White and Vinton
Dove.
The meeting was Adjourned at 8:45 PM.
Respectfully submitted, Vinton Dove, Secretary

Minutes of the Indianapolis Coin Club Meeting for August 21, 2017 were not available atthe time of publishing. They will be published in the November newsletter.

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The 2016 Indianapolis Coin Club
Officers and Board Members:
President
Vice-President
Secretary
Treasurer
Newsletter Editor
Past President
Sgt-at-Arms
Board Member 2016-2017
Board Member 2016-2017
Board Member 2016-2017
Board Member 2017-2018
Board Member 2017-2018
Board Member 2017-2018

Jim Sukup
Steve Howery
Vinton DoveMark Eberhardt
Andy Nahrwold
Michael White
Jim Warden
Gerald CorazPaul Vaughn
Jim Roehrdanz
Donn Wray
Jeff BercovitzBob BettcherYour ad could be right here!

Advertise in the Indianapolis CoinClub Newsletter! The cost is only
$35.00 for a business card size adfor 12 issues!
The Monthly Planchet is the official publication of the Indianapolis
Coin Club. It is published monthly in Indianapolis, Indiana. All
inquiries should be sent to ICC, P.O. Box 2897, Indianapolis, Indiana,46206.

Treasurer’s Report
Not available at time of publication.

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Indianapolis Coin Club2017 Meeting Dates & Educational Programs
January 16, 2017 - ‘Indiana’s 2016 Bicentennial Celebration’ - by Jeff Bercovitz*Prize sponsor: Jeff Bercovitz

February 20, 2017 - ‘How Counterfeiters Evade Security Features of Paper Money ’- by Joseph E. Boling*Prize sponsor: Joseph E. Boling

March 20, 2017 - ‘Large Cents’ - by Sam Shafer*Prize sponsor: Sam Shafer

April 17, 2017 - ‘Easter Numismatics: Maundy Coinage’ - by Donn Wray
*Prize sponsor: Donn Wray

May 15, 2017 - ‘1776’ - by Chris Bower - by Chris Bower*Prize sponsor: Chris Bower

June 19, 2017 - ‘The Ultimate Mercury Dime’- by Vinton Dove*Prize sponsor: Michael White

July 17, 2017 - ‘The Crowns of Scotland’ - by Paul Vaughn*Prize sponsor: Paul Vaughn

August 21, 2017 - ‘War Nickels and Steel Cents: The Role of U.S. Coins in WW II’- by Andy Nahrwold*Prize sponsor: Andy NahrwoldSeptember 18, 2017 - I.C.C. Exhibit Night*Prize sponsor: Bob Bettcher

October 16, 2017 - ‘The Barber Series—America’s Ugly Duckling Quarter’- by Jim Roehrdanz*Prize sponsor: Jim Roehrdanz

November 20, 2017 - ‘Annual State of the Hobby Address’ -by Mark Eberhardt*Prize sponsor: Mark Eberhardt

Tuesday, December 5, 2017 – NO MEETING - I.C.C. Holiday Banquet*For 2017 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 in at the greeting table. The prize each month will be a 90% silver U.S. Half Dollar (or equivalent or greater 90% silver content coin) The I.C.C. Board members and officers as well as
several I.C.C. members chose to act as sponsors and donate the monthly prizes rather than funding
them from our budget. You'll find the monthly prize sponsor listed below each monthly meeting dateabove. 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 to that person and themembership to remain quiet and pay attention during the program. It’s important that we respect the knowledge that is being shared withus 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.