T he P lanchet- I . C. C. JULY, 2019

Issue# 601

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 M onday, July 15th, 2019
Meetings of the Indianapolis Coin Club are held the third Monday of each month at
the Northside Knights of Columbus 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, 2019

Issue# 601

A Few Words From Your Pr esident
We have passed the halfway mark of 2019 and I hope that you and yours are enjoying thesummer. Labor day will be here before you know it, which means our Exhibit Night is fast
approaching. Now is the time to begin to think about what you may want to exhibit andbegin putting your items together for a compelling display on September 16.
Next month the ANA "World's Fair of Money" will be taking place at the Donald E. Stephen's
Convention Center in Rosemont, Illinois from August 13-17. Show hours are Tues. (Aug. 13)
from 1 p.m. to 6 p.m., Weds. - Fri. (Aug. 14-16) from 10 a.m. to 6 p.m., and on Sat., Aug. 17,
from 10 a.m. to 4 p.m. Admission is $8.00 for the public and is free for ANA members, withfree admission to everyone on Saturday. It is certainly one of the best shows in the country
and is highly recommended because of its relatively close proximity to Indianapolis for anational show. As usual, there will be plenty of fresh material available, along with theauctions, seminars, and exhibits that are standard at such large shows.
This is a reminder that the beginning of the process for our annual ICC elections will be
coming up sooner than you might realize. For those members that are not familiar with theelection process or have forgotten the details, here is the condensed version: The
three-person nominating committee (which is currently composed of Vinton Dove, Jim
Sukup, and Michael White) will announce a slate of candidates for the following year to theclub during our October meeting. So, if you would like to run for re-election, be considered
for one of the available positions, or nominate a member for such, let someone on thenominating committee know well before the October meeting. The election of officers will
be conducted in November, our last regular meeting of the year before our Holiday
Banquet in December. Our bylaws state that the president, vice-president, secretary,treasurer, sergeant-at-arms and editor shall be elected annually, that the immediate pastpresident shall be an ex-officio position, and that three Directors shall be elected for
two-year terms in odd-numbered years. All current officers are eligible for re-election. That
adds up to a total of eight (8) positions on our Board of Directors that potentially can bevoted upon. Again, If you would like to be considered for a position, want to run for
re-election, or want to nominate someone for a position, please see someone on thenominating committee to express your interest sooner rather than later.
After a two month absence I look forward to being at tonight's meeting. I hope that we havea great turnout. Please think about inviting a friend, relative, or a YN to join you at tonight's
meeting. I'll see you there!

Jim Su k u p, Pr esiden t
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JULY, 2019

Issue# 601

INDIANAPOLISCOINCLUBEDUCATIONAL PROGRAM
This month?s Educational Program will be:'Coins with Stor ies'by
Br ad K aroleff
Next Month?s Meeting Date & Program:'Coin Collecting to the Fullest'by Andy Nahrwold
Monday August 19th, 2019

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

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JULY, 2019

Issue# 601

Qu ar t er s ? Fr om Scar ce Issu e t o M oder n Wor k Hor se
By Mark Benvenuto
An entire generation of collectors and hobbyists has come of age not remembering atime when the United States quarter had a simple, heraldic eagle design on thereverse. Twenty years ago, in 1999, we began changing the revers of our hard working
quarters ? a lot. And every year since we have pounded out a river of these work
horse pieces of small change, never thinking there might just have been a day whenthe quarter was less than the heavy hitter it is today. But let?s look back and take agander. What we will find could surprise us.
Th e ear liest qu ar t er s

The war was over, many of its leaders had gone back to their farms, the new nation
was founded, the Articles of Confederation were determined to be unworkable, theConstitution was signed, a Mint was up and running ? and it was four more years
before any quarters were minted at all! It was 1796 that saw the first United States
quarters produced. And since the grand total was a paltry 6,146 coins, they must havebeen remarkably rare even in their day. Honestly, the city of Philadelphia itself had apopulation far in excess of 6K back in 1796.
Trying to land one of these earliest quarters today is still part of the hobby of kings, orat least those who have a king?s wealth. Even in lousy conditions like G-4, one will still
cost thousands of dollars.
Th e ear ly 1800?s
The Mint didn?t get back around to making a single quarter until 1804. And once
again, it made a tiny number ? 6,738 total. Yes, the next year it went up to 121K, but it
could hardly have gone down much! The years 1806 and 1807 also saw mintages in
the low six figure zone. Once again, any one of these quarters are going to be costly,even in low grades. They are simply some very expensive twenty-five cent pieces.
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JULY, 2019

Issue# 601

Th e Capped Bu st
After 1807, it was almost another decade before more quarters came out ? the year
1815, to be precise. Once again, the mintage was small. At this point, we?ll be forgiven
for thinking the quarter was the Rodney Dangerfield of U.S. silver, meaning it got norespect. The reality of the situation was that folks who deposited silver at the Mint forcoining probably just wanted it back in bigger coins. Silver dollars would be the logicalchoice, although they had been suspended in 1804. It was then half dollars which
probably occupied Mint personnel, and not quarters.
Whatever the case, after 1815 there wasn?t another quarter made until 1818! And
once again, the mintage was not all that high. Okay, it was over 350K, but that also
could not have been common in its day. For the sake of comparison, the 1810 census
indicated that over 7.2 million people were registered in the growing nation. There
were even a few folks out here in the wilds of Michigan, Ohio, and Indiana, theNorthwest Territory.
The Capped Bust design was the one used on the quarters first issued in 1815, andissued all the way to 1827. No year exceeded that 1818 total of 361,174, and none of
the quarters issued during these years can be considered inexpensive or cheap today.

Lat er Capped Bu st qu ar t er s
Yet again there was a gap in quarter production, from 1828 to 1831. When they were
produced once more, the Capped Bust had been reduced in size, and the motto ?In
God We Trust? had flown away, although the eagle had not. We can make the claimthat quarter production got to being steady at this point, but from 1831 to 1838 ?
when the design would change again ? only one year saw an official Mint tally of overone million. The year 1835 has a total of 1,952,000 of these silver disks coming from
the Mint. One more time, they must have been scarce to rare in their day. But that
total is big enough that a collector today has an actual chance of owning one. In a
grade like VF-20 or EF-40, we might be able to get one for $250 - $400. That?s notpocket change for an old piece of pocket change. But it?s a coin for which we mightsave up.
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JULY, 2019

Issue# 601

Seat ed Liber t y
The design change to Mr. Christian Gobrecht?s famous Seated Liberty image took
place in 1838 for the quarters. As with the other denominations of silver coinage, it
stayed in place until 1891. Also like several of the other silver denominations, there
are wide stretches of years in here in which the production of quarters was teeny totiny (or smaller!). On the other hand, in 1853 the total jumped to an amazing 15.2
million, followed the very next year by a 12.3 million coin output. At last, we finallyhave a couple of twenty-five cent pieces that do not cost a bucket of money.
Beyond these two high volume Seated Liberty quarters, there are several date inwhich multi-million coin totals are recorded. It might be tough to assemble a full daterun of these beauties, but a decent group is certainly not impossible.

Ush er in g in t h e m oder n age
In 1892 the quarter took on Mr. Barber ?s image, as did the dime and half dollar. And
from this point on, quarters get pretty common. Yes, there are some scarce and rareones in the lineup, such as the 1896-S, the 1901-S, the 1913-S, and the 1914-S.
Likewise, the 1916 Standing Liberty quarter is a valued key for that series. And among
the Washington series, the 1932-D and the ?32-S are always valuable. But quarters
came out pretty steadily from this point on ? although it was 1944 before the 100M
mark was broken.
Today
Our most recent program for the reverse of the quarters will end in a couple of years.
We can?t yet be sure whether that?s that, or whether someone in Congress will thinkup another program to keep collectors and the public interested. But we can see thatthe popularity and the usefulness of the quarter is something that took years to get
to. Those early quarters can be quite the challenge.
Images courtesy of www.ngccoin.com
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JULY, 2019

Issue# 601

July 2019 Auction Lotsfor 7/15/2019
Description

Grade

Additional Notes

Starting Price

Roll of 20 1886 Morgan Dollars

Uncirculated

U Pick 20 of 24 pieces

460.005 Silver Dollars

Uncirculated

Gambler Lots

100.00Bags of World Coins

Mixed

Mixed Lots

2.00

Your items could be listed right here. It is free for members to put items in
the auction and have them advertised in the Planchet.
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.

PLEASE try to have correct change, or at least use
smaller bills, to pay for auction items that you win.
Especially troublesome are $50's and $100's whichquickly drain the change that is available. That change ispersonal money, and it will be greatly appreciated by thechanger and auction assistants to make giving changeeasier and more efficient.

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JULY 2019

Issue# 601

An n ou n cem en t s:Mark Eberhardt asked me to remind everyone that 2019 dues are past due. We are way
behind on collecting dues for this year. If you have not paid your 2019 dues please either
pay them at this months meeting or mail them in to the club.
Thank you to everyone who has paid in the last couple of months. We are still way behind lastyear. Take the time to mail your dues today, or even better, come to next weeks meeting. - editor
It's not too early to think about December. The ICC will once again be provided a free club
table at this years ISNA show. If you are interested in helping to staff the table please see
Jim or Andy. It is a very small time commitment.
The ANA's World's Fair of Money will be in Chicago again this year. The dates are August
13th thru 17th. The Indiana State Numismatic Association will have a club table at this years
show. Stop by and hang out for awhile at table 1764. It is at the front of the club midway.
ANA members get in to the show for free! That is just one of the many benefits of being an
ANA member. If you need to sign up see Chris Bower.
There is a gentleman from the Derby City Coin Club in Louisville, KY, that is interested in
Siam Porcelain Gaming Tokens. If anyone is interested in contacting him, please contact me
at cowboyfan90009@yahoo.com. - Sharon Bower
From the Muncie Coin Club newsletter I read:
Dennis Haskett died May 31 of Cancer. He was an active member of both the Muncie Coin
& Stamp Club and the ISNA for several years.
He will be sorely missed. -Vinton

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JULY, 2019

Issue# 601

Ju n e 17, 2019 - M in u t es of t h e In dian apolis Coin Clu b M eet in gOpen - Andy Nahrwold, Vice President, called the meeting to order at 7:05 p.m. 33
persons attended and signed in. The meeting was held at the Knights of Columbus
Hall, 2100 E. 71st., Indianapolis, Indiana. The attendance prize was announced, a 1952
uncirculated Franklin half-dollar, donated by Paul Vaughn.
The Secr et ar y 's r epor t for May 2019 was accepted as published in the Planchet. The
Tr easu r er 's r epor t for May 2019 was accepted as published in the Planchet.
Visit or s- Benjamin Begines attended the meeting. He found out about the club on
Facebook.
Old Bu sin ess - Andy Nahrwold announced there was a sign-up sheet for the
Indianapolis Coin Club table at the Indiana State Numismatic Society (ISNA) show
(December 6-7) in the back of the room. He encouraged members to sign up for ashift of at least one hour. Vinton Dove announced he could take any dues still owed
by Club members.
New Bu sin ess - Andy Nahrwold announced the American Numismatic Association(ANA) World's Fair of Money will be held August 13-17, 2019 in Rosemont, Illinois.
There is 50% for joining or renewing ANA membership. Chris Bower announced the
ISNA will have a table at the ANA show.
Nu m ism at ic f in ds: One new member reported finding a .999 silver 1972
commemorative medal encased in hard plastic paperweight. He paid 25¢ for it about
10 years ago. Another member found checks from the Civil War with revenue stamps
on them from the Civil War era and cost $1.00 each.
eBay: Andy Narhwold expressed concern about EBay permitted counterfeited coinson their website. He wondered if the Club should contact an Indiana congressman
about investigating this issue.
Edu cat ion al Pr ogr am - Paul Vaughn gave the educational program "Coins of Mary,
Queen of Scots." He gave the historical background of Mary's life and her reign
including how it fit with coinage of Scotland. He distributed a handout depicting coinsfrom her reign including a silver testoon, half-testoon, Billon plack, Francis and Marybillon nonsunt, and Billon lion or hardhead. He explained how the coins were used in
trade with the Hanseatic League and valued generally against coins of England. It wasa fascinating and very illuminating talk.

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JULY, 2019

Issue# 601

The At t en dan ce Dr aw in g was won by St eve Keif er and 50/50 Drawing by Chris
Bower.
Au ct ion - Mark Eberhardt ran the auction. Assisting were Chris Bower, Steve Howry,
Andy Nahrwold, and Donn Wray.
The meeting was Adjou r n ed at 8:26 p.m.
Respectfully submitted, Jeffrey Bercovitz, Acting Secretary

Trivia:What woman appears on the reverseof a U.S. quarter dollar from 2003?
Answer is at the bottom of the treasurer 's report.

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JULY, 2019

Issue# 601

In dian apolis Coin Clu b
2019 M eet in g Dat es & Edu cat ion al Pr ogr am s
January 21, 2019 - ?Numismatic Literature?- by Eric L. Lindseth* Prize sponsor: Christopher Bower
February 18, 2019 - ?The Perth Mint Lunar Series? - by Greg Gordon* Prize sponsor: I.C.C.
March 18, 2019 - ?British Provincial Tokens?- by Christopher Bower* Prize sponsor: Jim Sukup
April 15, 2019 - 'Joan Clark Murray: Breaking the Code of Scottish Groats' by Louise Boling* Prize sponsor: Louise BolingMay 20, 2019 - 'The British Sovereign and its Wannabes' - by Donn Wray
* Prize sponsor: Donn Wray
June 17, 2019 - 'Coins of Mary, Queen of Scots' - by Paul Vaughn* Prize sponsor: Paul Vaughn
July 15, 2019 - 'Coins with Stories.' - by Brad Karoleff* Prize sponsor: T. B. A.
August 19, 2019 - 'Coin Collecting to the Fullest' - by Andy Nahrwold* Prize sponsor: Andy Nahrwold
September 19, 2018 - Exhibit Night* Prize sponsor: I. C. C.
October 21, 2019 -T. B. A. - 'Cleaning/Conservation' by Matt Dinger* Prize sponsor: T. B. A.
November 18, 2019 - ?Annual State of the Hobby Address?-by Mark Eberhardt* Prize sponsor: I.C.C.
Tuesday, December 3, 2019 ? NO MEETING - I.C.C. Holiday Banquet* For 2019 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, 2019

Issue# 601

Tr easu r er ?s Repor t 2019
RECEIPTS:
Dues - Regular @ $20.00 ea.
Dues - Junior @ $5.00 ea.
Advertising - Planchet @ $35.00 ea.
Fifty/Fifty Drawing:

Ju n e 2019$40.00$34.00Donations / Auction Lot Sales:
ICC Library Book Sold (est):
Auction Lots Sheets @ $1.00 per Sheet:
Newsletter Postage Fee:

$7.00

Sale of Medals
TOTAL RECEIPTS:$81.00Ju n e 2019DISBURSEMENTS:
Dues - ANA:
Insurance - Liability:
Insurance - Treasurer 's Bond:
Mail Box Rental:
Secretary/Treasurer - Postage:
K of C Meeting Room Rent:
Door Prizes (11 Months)
Exhibitors Nights Prizes:
Library Purchases:
Speaker Meals:$100.00

Website Maintenance:
Newsletter:- Printing/Supplies:- Postage:
TOTAL DISBURSEMENTS:$100.00

NET INFLOW / OUTFLOW:($19.00)

ICC CHECKBOOK:
Balance:

Ju n e 2019$3753.48

Trivia Answer: Helen Keller (Alabama)
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JULY, 2019

Issue# 601

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
Jim Sukup
Vice-President
Andy Nahrwold
Secretary
Vinton Dove
TreasurerMark Eberhardt
Newsletter Editor
Christopher Bower
Past President
Michael White
Sgt-at-Arms
Jim Warden
Board Member 2018-2019
Gerald Coraz
Board Member 2018-2019
Paul Vaughn
Board Member 2018-2019
Jim Roehrdanz
Board Member 2019-2020
Donn Wray
Board Member 2019-2020
Jeff Bercovitz
Board Member 2019-2020
Steve Howery

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JULY, 2019

Issue# 601$$$$ ?ALWAYS BUYING? $$$$PAYING TOP PRICES FOR ALL
U.S. COINSDON?T SELL WITHOUT GETTING OUR OFFER!!!

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

Specialist in World Coins

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JULY, 2019

Issue# 601

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