The Planchet

February 2014

Issue #541

The next meeting will be
Monday, February 24th, 2014
The Meetings of the Indianapolis Coin Club are held
the fourth 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 months Educational Program will be:“Evaluating and Selling the Crop: Thoughts on Numismatic Appraisals and Tax Aspects”

by Donn Wray
Next Months Meeting Date & Program:
Monday, March 24th, 2014, at 7 pm.

“19th Century Counterfeit National Bank Notes” by Joe Boling
For a complete list of 2014 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'
Greetings fellow I.C.C. members,
I have a few notes to pass on before this month's meeting, which is Monday, February 24th.
First, I want to remind everyone that the 75th Anniversary medals arrived in January so if you pre‐ordered orwould like to purchase medals you can do so at the meeting. The silver & bronze 2‐medal set (with matchingnumbers) in capsules and 2‐coin presentation box is only $50.00. The silver or bronze medals can also be pur‐chased alone w/capsule & single coin box, priced at $40.00 for the silver $10.00 for the bronze. With the ris‐ing price of silver in the past few days these silver medals, which are just under an ounce of .999 silver, repre‐
sent an outstanding value, a sound investment and wonderful Indianapolis Coin Club keepsake. They're beau‐
tiful so get them while they last!!
As you already know if you attended the January meeting, the Board voted to auction off the I.C.C. 75th An‐
niversary "Medal Set #1" to the highest bidder. That auction will be at our next meeting on Monday February
24th. In addition to the auction for the 75th Anniversary "Set #1", we will also be auctioning off two I.C.C.
50th Anniversary (1989) sets donated by I.C.C. Life Member Jerry Lebo. They are 2‐coin sets #126 & #226.
The proceeds from the sale of all three medal sets will be used to help fund the club library, among otherprojects yet to be finalized.
Other business at this month's meeting will address the appointment of an I.C.C. member to serve as Dave
Reid's replacement on the Board of Directors for the remainder of his term, as well as another appointee totake over Jim Fuson's seat on the Board. Jim is challenged for time with family obligations and cannot be in
two places at once. Since he doesn’t want to miss out on family activities he feels that he cannot continue tofulfill his duties as an I.C.C. Board member. Jim submitted his resignation to me a couple of weeks ago andalthough I would've preferred he stay on the Board I reluctantly accepted it as I understood his motive. I
want to thank him for his service to the club and I hope that he will continue to join us at meetings when he
can.
As it stands right now, the appointee serving out Dave Reid's 2013‐2014 term will be Shannon Spears. That
seat on the Board will be up for election this November. The appointee serving out Jim Fuson's 2014‐2015
term will be Jerry Coraz. That seat will be up for election in November 2015. I want to thank both of theseguys for stepping up to serve on the I.C.C. Board and I hope you'll all attend the next meeting to help me wel‐come them aboard.
Also, Jim Fuson was the scheduled speaker for the February meeting so we put out a call for another Board
member to volunteer to fill his spot. Past President Donn Wray was kind enough to fill in on VERY short no‐tice so again, please attend the meeting to enjoy his Educational Program entitled: "Evaluating and Selling
the Crop: Thoughts on Numismatic Appraisals and Tax Aspects" Thanks Donn!
Here's your final bit of motivation to attend Monday's meeting; the monthly Attendance Prize! This month's
sponsor is I.C.C. Vice President Jeff Bercovitz. Everyone present at the meeting receives a FREE chance to win
so please show up to see what he's donated for the drawing. You could go home with a freebie!
Thanks for electing me to serve as your President for this very exciting 75th Anniversary year!

Michael WhiteJanuary 27, 2014 - Minutes of the Indianapolis Coin Club Meeting.
Open – The meeting was called to order at 7:08 PM by the new Club President, Mike White.
Only 24 people signed the attendance book. There was very bad weather, which presumably
accounted for the poor attendance. As always, we met at the Northside Knights of Columbus
Hall, 2100 East 71st St.
President White announced the passing of our Life Member and long-time Board Member,
Dave Reid. Mike called for a moment of silence in honor of Dave. Jeff Bercovitz then read apoignant letter form Evelyn Powers, a member of the Bloomington Coin Club and good friendof Dave. Her letter seemed to capture the good feelings we all had for Dave.
The Treasurer’s report was accepted as published in the Planchet, and the Secretary’s report
was accepted with the correction that Alison Brown is not a member of the Club.
Committees – Treasurer, Mark Eberhardt, told of the newly created ICC Library Fund which
had been created by the Board of Directors. He then asked all the members to access Amazon
through the Club’s website when buying merchandise on Amazon, because if they do, the Club
will receive a small portion of the purchase. He said we received $33.00 one year just throughthat mechanism. (The Secretary said he remembered the Club receiving more than $60.00 one
year.) Mark explained that all you do is log on to the Club’s website,“indianapoliscoinclub.org” and click on the link, “references” to access Amazon. Then order
your merchandise.
Medals committee chairman, Vinton Dove, reported that Life Member, Jerry Lebo, gave two
sets of the 1989 (50th Anniversary) medals to the Club. They will be sold at the February meeting. They are sets number 126 and 226. He reminded members that our new 75th Anniversary
medals are available after the meeting
Old Business – Mike announced the appointment of Andy Nahrwold as Editor. He reported
that the Board had voted to continue the attendance prize. Each meeting, an attendee will receive a “door prize” which will equal or exceed the value of a silver US half-dollar. Door
prizes are donated by the Board members. He also announced that the website would have a
copy of the Club’s Constitution and Bylaws posted on it. Further, Club business cards will beavailable at the February meeting, containing the meeting dates for 2014 and location.
Visitors – None.
New Business – Vice President, Jeff Bercovitz, reported an article in the ANA newsletter by
our Club member, Joe Boling. Mike announced that PCGS has come out with a new triple
hologram designed to defeat the counterfeits coming out of China and elsewhere.
Kills! Joe Boling bought a set of Bond verifiers. Mark E. found a 1935 DDR and a 1918/7-D
Buffalo nickels in a Buffalo nickel set he purchased. Paul Griffin found a 1976 Proof halfdollar in change.

The Attendance Drawing (Door Prize) was presented
The 50/50 Drawing was run by Bob Bettcher after the Break.
The Educational Program – The program was given by Vice President, Jeff Bercovitz, titled“The Indiana Medal.” It is a 1916 issue which was to commemorate the 100th anniversary of
the State of Indiana. It was mounted in a book, and only 918 (numbered) books were issued, allsigned by then-Governor, Samuel M. Ralston. Each of the medals was also numbered. The
medal was designed by nationally known artist, Janet Scudder, an Indiana native, born in Terre
Haute. Jeff had a handout picturing the medal. It was an excellent program!
Auction – Joe Boling ran the auction. Assisting were Bob Bettcher, Vinton Dove, Jim
Roehrdanz and Donn Wray.
The meeting was Adjourned at approximately 8:50 PM.
Respectfully submitted, Vinton Dove, Secretary——————————————————————————————————————-$$$$ “ALWAYS BUYING” $$$$PAYING TOP PRICES FOR ALL
U.S. COINS
DON’T SELL WITHOUT GETTING OUR OFFER!!!

LARRY HYLTONBROWNSBURG, IN
ANA, ISNA-LM, CSNS-LM(317) 852-8458

VINTON DOVE
Business Consultant
Collecting U.S. Coins Since 1952
Home (317) 257-1906
Cell (317) 910-4205
Fax (317) 257-2220

The 2014 Indianapolis Coin Club
Officers and Board Members:
President
Vice-President
Secretary
Treasurer
Newsletter Editor
Past President
Sgt-at-Arms
Board Member 2013-2014
Board Member 2013-2014
Board Member 2013-2014
Board Member 2014-2015
Board Member 2014-2015
Board Member 2014-2015

Michael White
Jeff Bercovitz
Vinton DoveMark Eberhardt
Andy Nahrwold
Donn Wray
Jim Warden
Gary ConnervacantBob Bettcher
vacantPaul Vaughn
Jim RoehrdanzYour 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.

Indianapolis Coin Club
General Ledger for Jan. 2014
Receipts:
Dues – Regular @ $12.00 ea.
Dues – Juniors @ $5.00 ea.
Advertising – Planchet @ $35.00 ea.
Fifty/Fifty Drawing:
Interest – CD’s – 1 Merchant Bank:
Donations – Auction Lot Sales
ICC Library Books Sold:
Auction Lot Sheets @ $1.00:
Sales of Medals:
Amazon.com:
Postage Collected Newsletter:$ 552.00$
5.00

Total Receipts:$2301.00

$

35.00

$

2.00

$
7.00
$1,700.00

Disbursements:
Insurance – Liability:
Insurance – Treasurer’s Bond:
Computer Website:
Mail Box Retail:
Office Supplies:- New Checks:
Postage:
K of C Meeting Room Rent:
Exhibitors Night Prizes:
Newsletter:
Library Fund:Club Functions / Promotions:75th Anniv. Medals:
Youth Projects:
External Displays:

$

23.99

$

50.00

$5,217.12

ISNA Table:
Total Disbursements:$5.291.11

Net Gain / (Loss):($2,990.11)

Checkbook:
Starting Balance:
Total Receipts:
Total Disbursements:
Ending Balance:$4,915.34$2,301.00$5,291.11$1,925.23

From the Editor
As Club President Michael White noted in his message, there is a lot going on, and this newsletter is no exception.
As noted in the minutes, the club makes a little money whenever someone buys from Amazon
after clicking on the link from the club website. For ease of use, that link is here: references
Also, the club’s Constitution and Bylaws should be on the website shortly, but for those whohave trouble accessing it, I am including them at the end of this month’s newsletter, in place ofa numismatic article.
This was discussed last month, but is worth repeating: anything donated to the club is taxdeductible, whether it’s a book, coins to be auctioned, or a financial donation. Club secretary
Vinton Dove will write out a receipt upon request.
One of the features that I believe is underutilized in the club is the monthly auction. Therefore,
I plan to start publishing selected items from the last month’s auction, and hope to start publishing items that will be auctioned off at the next meeting. We’re still hammering out the details,
but for now if you plan to place items for auction at the following meeting, email the details tome at andreusrex@gmail.com and I will publish them as space permits.
In the auction last month: One lot of 10 Indian Head Cents was listed for $6. They were not sold.
 A 1942 Mercury Dime estimated to be in AU condition listed and sold for $2.
 A 1954 Roosevelt Dime in BU condition listed and sold for $2.
 A BU 1962-D Roosevelt Dime with a repunched mintmark listed for $2, and sold for $6.
 A 1958 proof set listed for $23, and sold for $29.
 A 1961 proof set listed for $20, and sold for $22.
 One lot of 18 empty blue Whitman folders listed for $5, and sold for $25.
 A partially filled Liberty Nickel album, with 17 coins, listed for $20 and did not sell.
 A roll of S mint mark Lincoln Wheat Cents listed and sold for $5.
 A roll of 1920’s Lincoln Wheat Cents listed for $5 and did not sell.
There were many other items both listed and sold. As I said, I’m working on the format andguidelines, and hope to improve the process as we go along.
In the auction coming up February 24th:th I.C.C. 75 Anniversary Medal Set #1 will be auctioned off with a starting bid of $50. This
item is expected to attract many bids.
th I.C.C. 50 Anniversary Medal Set #126 will be auctioned off with a starting bid of $30.
th I.C.C. 50 Anniversary Medal Set #226 will be auctioned off with a starting bid of $30.
th I.C.C. 50 Anniversary Bronze Medal (not numbered) will be auctioned off with a starting
bid of $15.
 A roll of circulated 1967 Kennedy Half Dollars will be auctioned off with the starting bid
less than melt value.
 A lot of 50 circulated Eisenhower Dollars will be auctioned off with a starting bid of $50.
Lastly, one thing that helps me to do my job better is feedback. If you have any questions orcomments about the newsletter or the club, please feel free to email me atandreusrex@gmail.com. I’ll do my best to answer you or pass it along to someone who can.

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Indianapolis Coin Club2014 Meeting Dates & Educational Programs
January 27, 2014 - ‘1916 Indiana Centennial Medal’ - by Jeff Bercovitz*Prize sponsor: Michael White

February 24, 2014 - ‘Evaluating and Selling the Crop: Thoughts on Numismatic Appraisals
and Tax Aspects’ - by Donn Wray
*Prize sponsor: Jeff Bercovitz

March 24, 2014 - ‘19th Century Counterfeit National Bank Notes’ - by Joseph Boling*Prize sponsor: Vinton Dove

April 28, 2014 - ‘Counterfeits and Countermeasures’ - by Michael White*Prize sponsor: Bob Bettcher

May 19, 2014 - ‘TBA’ - by Jim Warden*Prize sponsor: Jim Warden

June 23, 2014 - ‘TBA’ - by Jim Roehrdanz*Prize sponsor: Jim Roehrdanz

July 28, 2014 - ‘TBA’ - by Paul Vaughn*Prize sponsor: Paul Vaughn

August 25, 2014 - ‘TBA’ - by Logansport Coin Club Speaker Exchange*Prize sponsor: Andy Nahrwold

September 22, 2014 - I.C.C. Exhibit Night*Prize sponsor: Donn Wray

October 27, 2014 - ‘TBA’ - by Donn Wray
*Prize sponsor: Jim Fuson

November 24, 2014 - ‘Annual State of the Hobby Address’ -by Mark Eberhardt*Prize sponsor: Mark Eberhardt

December 8, 2014 – NO MEETING - I.C.C. Holiday Banquet*For 2014 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 sharedwith 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.

INDIANAPOLIS COIN CLUB, INC.
CONSTITUTION
ARTICLE ISECTION 1: The name of this corporation shall be “Indianapolis Coin Club, Inc.”SECTION 2: The purpose or purposes for which it is formed are as follows: To encourage and promote the science of numismatics, to aid its members in the study, acquisition and exhibition of numismatic material; to encourage and assist new collectors and students; to foster the interest of youth in
the subject; to stimulate and advance affiliations between collectors and kindred organizations; to acquire and disseminate knowledge for the benefit of its members; to cooperate with the American Numismatic Association and other numismatic organizations in the interests of the science of numismatics; to promote numismatic study as an educational activity as well as an historical and entertaining
pursuit; and to create and promote friendship and good fellowship among those interested in the science of numismatics through social intercourse, the interchange of ideas and discussions of mutualinterests.
ARTICLE II: MEMBERSHIPSECTION 1: The membership shall consist of the following classes:
Regular members. Regular members shall be persons 18 years of age or older who shall become
members pursuant to the requirements of membership outlined in the by-laws. Regular members in good standing shall be those whose dues are paid and against whom no complaints are
pending. Regular members in good standing shall have the right to vote in all membershipelections.
Junior members. Junior members shall be persons under 18 years of age. Junior members may
not hold office or vote.
Life members. Life membership may be conferred by the Board of Directors upon a regular member for outstanding service to the club and to numismatics in general. Life membership may
be conferred only on an individual who has held regular membership in the club for a minimum of five consecutive years. No life member shall be elected over the objection of a board
member.
Honorary members. Honorary membership may be conferred by the Board of Directors upon an
individual who is not a regular, junior, of life member of the club. Honorary members may not
vote or hold office. No honorary member shall be elected over the objection of a board member.
Associate members. Associate members shall be comprised of other coin clubs, libraries, museums, schools, archives and kindred organizations. They shall not vote or hold office.
ARTICLE III: OFFICERSSECTION 1: The Board of Directors shall be composed of a president, vice-president, secretary,treasurer, sergeant-at-arms, editor, an immediate past president, and six directors.
SECTION 2: The president, vice-president, secretary, treasurer, sergeant-at-arms and editor shall beelected annually. The immediate past president shall be an ex-officio position. Directors shall beelected for two-year terms, with three directors elected in an even-numbered year, and three directors
elected in an odd-numbered year.
ARTICLE IV: CONTROLSECTION 1: The operation and control of the club shall be vested in the Board of Directors, whoshall have exclusive authority to initiate amendments to the constitution and by-laws.
ARTICLE V: AMENDMENTS
SECTION 1: The Board of Directors may propose amendments to the constitution and by-laws, provided a majority of Directors approve.

SECTION 2: A resolution setting forth an amendment shall be presented to the membership at
the next regular meeting of the club. Said resolution shall be submitted to a vote of the membership at the following regular meeting. Said resolution may be enacted only by approval ofthree-fourths of the members who cast ballots.
SECTION 3: All proposed amendments must be published in the club newsletter before being
submitted to the membership for a vote.
ARTICLE VI: RULESSECTION 1: Rules and regulations for the operation of this association shall be called by-laws
and shall not conflict with this constitution.
ARTICLE VII: DISSOLUTIONSECTION 1: Should the club be dissolved, disbanded or otherwise cease to function, its debts
shall be paid and all remaining assets shall be given to the American Numismatic Association,an organization recognized under Internal Revenue Code Section 501(C)7, as a charitable organization, for educational purposes. Otherwise, all remaining assets shall go to the State ofIndiana.

BYLAWSARTICLE I: MEETINGSSECTION 1: The club shall meet at least once per month, convening on the fourth Monday at aplace designated by the Board of Directors, except during December. Should a meeting place
not be available on the fourth Monday, the president or the Board of Directors shall make othermeeting arrangements, if possible.
SECTION 2: The meetings shall include:
Call to order
Report of Secretary
Report of Treasurer
Recognition of visitors
Reports of committees
Old businessNew business
Educational Program
Coin exchange
Adjournment
SECTION 3: The club’s mission shall be to advance in popular esteem the knowledge and appreciation of numismatic art and science by providing a means of association for encouraging
the study, collection and preservation of rare coins and other mediums of exchange.
ARTICLE II: OFFICERSSECTION 1: As provided in the Constitution, the Board of Directors shall include a president,
vice-president, secretary, treasurer, sergeant-at-arms, editor, an immediate past president, andsix directors.
SECTION 2: Duties of officers are as follows:
The president shall:
1. Preside at all meetings of the club and of the Board of Directors.
2. Call a meeting of the Board of Directors no later than January 15 to approve the annual budget, and shall call at least one meeting of the Board of Directors during each of
the other calendar quarters of the year.

3. Appoint committee on finance, education, juniors, archives, newsletter, nominations
and other matters as he or she sees fit to ensure orderly operation of the club.
4. Serve as an ex-officio member on all committees.
5. Fill, by temporary appointment, any vacancy in any position in the club until same isfilled by the Board of Directors.
6. Assume responsibility to carry out any other functions not specifically delegated toother officers.
7. Prepare, with the Treasurer, an annual budget for approval by the Board of Directors
no later than December 31 of the preceding year.
B. The vice-president shall:
1. Arrange an educational program for each club meeting.
2. Preside at meetings if the president is not able to attend.
3. Succeed to the presidency should the president be unable to serve the remainder of
his or her term.
C. The Secretary shall:
1. Keep a true record of all meetings.
2. Maintain the membership roll, notify members of dues payment requirements, notify
members of any complaint against them, and provide mailing addresses for use in distributing the newsletter.
3. Accept membership applications, take dues and surrender same to the treasurer, issue
membership cards, and handle routine correspondence.
D. The Treasurer shall:
1. Receive and deposit all funds paid to the club, prepare a monthly statement and report same to the club.
2. Invest funds in accordance with directions from the Board of Directors.
3. Pay out money for legitimate expenses incurred by members, except that any expenditure in excess of $100.00 shall be approved by the Board of Directors.
4. File necessary tax and information returns.
5. Act as resident agent for the corporation, if so designated by the Board of Directors.
6. Prepare, with the President, an annual budget for approval by the Board of Directors
no later than December 31 of the preceding year.
E. The sergeant-at-arms shall be the Club’s constitutional authority, ruling in all disputes
concerning the club’s procedures and actions.
F. The immediate past president shall serve as an advisor to the president.
The editor shall publish and distribute the monthly club newsletter in accordance withguidelines established by the Board of Directors.
Directors shall represent the general membership and advise the president.
SECTION 3: All officers shall be eligible for re-election.
SECTION 4: All officers are expected to attend periodic board meetings. The president may
excuse a member from attendance, providing there is a compelling reason. Otherwise, any officer who fails to attend two or more board meetings during a one-year period may, at the discretion of the board, be removed from office.
ARTICLE III: ELECTIONSSECTION 1: No later than the September meeting, the president shall appoint a committee ofthree members, who shall nominate a slate of candidates for office for the following year. The
committee may slate more than one candidate for each office. The slate will be announced tothe membership during the October meeting.

SECTION 2: Other candidates may be nominated. Such a nominee must be endorsed by atleast three other members in good standing and must be submitted to the club secretary no later
than November 1.
SECTION 3: The election of officers shall be conducted during the November meeting.
Should a tie result for an office, the Board of Directors shall convene and break the tie.
SECTION 4: The officers shall take office during the December meeting (banquet), or December 15, whichever date comes first.
ARTICLE IV: BOARD OF DIRECTORSSECTION 1: As provided by its constitution, the club shall be operated by its Board of Directors, who shall have exclusive authority to initiate amendments to the constitution and by-laws.
SECTION 2: The board also shall maintain operating control of the club.
SECTION 3: The board shall have control over all disputed matters.
SECTION 4: A majority of the Board of Directors must be present to constitute a quorum for ameeting.
ARTICLE V: MEMBERSHIP AND DUESSECTION 1: The membership, as provided in the constitution, shall be composed of thesecategories: regular, junior, life, honorary and associate.
SECTION 2: The Board of Directors shall set the dues schedule and amounts, except that lifeand honorary members pay no dues.
SECTION 3: Dues for the calendar year shall be payable by January 1. Members whose dues
are not paid shall be notified by the secretary no later than the January meeting. Members
whose dues are not paid by the February meeting shall be dropped from the membership list.
SECTION 4: Membership applications shall be submitted on a form prescribed by the Board of
Directors, who shall then rule on the acceptability of the applicant. One year’s dues payment
shall accompany the application. Should the board reject the application, the dues payment
shall be returned.
SECTION 5: Persons seeking re-instatement to membership shall follow the procedure set
forth for new members, except that they may request their old membership number if less than
one year has transpired since expiration of their membership dues.
SECTION 6: Members in good standing shall be those whose dues are paid.
SECTION 7: The Board may remove members for just cause. Just cause shall include, but not
be limited to, conviction of a felony or excessive complaints before the Board of Directors.
SECTION 8: The membership list shall generally be considered privileged and not distributed
beyond the club. Should an outside entity wish to distribute literature to club members, theBoard of Directors may consider a mailing by the club itself for a nominal fee. Any such distribution shall be clearly identified by the words “Mailed by I.C.C.”
ARTICLE VI: PUBLICATIONSECTION 1: The club shall produce and distribute a monthly newsletter that reaches the members prior to the regular meeting. The newsletter shall be published by the editor.
SECTION 2: The newsletter may contain paid advertising. Rates shall be set by the Board of
Directors.
SECTION 3: The secretary shall provide a list of current members and addresses for purposesof mailing the newsletter.
SECTION 4: The editor shall not print any libelous or defamatory material.
(Constitution and by-laws current as of March 2001)