The Planchet

August 2014

Issue #547

The next meeting will be
Monday, august 25th, 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:
Logansport Coin Club Speaker ExchangeNextMonthsMeetingDate&Program:
Monday,September22nd,2014,at7pm.
I.C.C Exhibit NightFor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amlookingforwardtoseeingeveryoneatournextmeeting,thiscomingMonday,August25th,2014.
ThismonthI'dliketotalkalittlebitaboutmyexperienceatthe2014A.N.A.ChicagoWorld'sFairofMoneyjustrecentlyheldAugust5ththru9thatRosemont,Illinois.
IhadneverbeentoashowthissizesowhenVintonsuggestedwegoupfor2daysIthoughtitwasanexperiͲ
enceIhadputoffforlongenough.Aboutaweekbeforewewent,PaulVaughnexpressedaninterestinjoiningusaswellsointheearlymorninghoursofThursday,August7ththethreeofusdepartedforourNumismatic
adventure.ThetriptoChicagowaslargelyuneventful(thankfully),butpleasantaswechattedandsharedstories
ofpastnumismatictriumphs;Ͳ)Vintonactedaschaufferanddidafinejob.ThanksVinton!
UponarrivingattheshowIwassimplyamazedatthesize!Therewasanythingandeverythingunderthesun
availableandbusinessappearedtobebriskformostdealers.EveryoneIspoketotoldmetheywerealreadyhavͲ
ingagreatshoweventhoughitwasjustthe3rddayofthe5Ͳdayrun.Wespenttheentiredayattheshowand
hadagreattime.Wevisitedall"Big4"gradingcompaniesoverthecourseoftheday;ICG,ANACS,NGC,&PCGS.
TheywerealldoingabriskbusinessandwerebusyslabbingtheU.S.Mint2014KennedyHalfDollarproducts
thatwerebeingsoldattheshow.Atleast3oftheservices(notsureaboutICG)wereofferingspecial"ANAChiͲ
cago"labels.TheKennedyGoldHalfDollarswiththese"speciallabels"inPCGS&NGCholdersgradedPR70weresellingattheshowfor$3,995.00andup!Thesaleprice(raw)fromtheMintwas$1,240.00soeveryonewas
scramblingtogettheirhandsonthesecoinswithmanydealerspayingcarloadsofstrangerstostandinlinefor
them.ThisdisappointedandupsetLOTSofattendee's.ItbecamesuchasecurityfiascothattheU.S.Mintshut
downsalesofalltheKennedyproductsaftertheshowendedonThursday.ThismeantthattherewasNOopporͲ
tunitytopurchasethemattheshowonFridayorSaturday,limitingthenumbersevenfurtheranddrivingupthe
pricesevenhigher.IsawoneinadealerscasebeforewelefttheshowFridayeveningslabbedinaPCGSholderwiththe"special"ANAͲChicagolabelinPR70pricedat$5,000.00!!Theyprobablygotittoo…Iwasinsearchofafewdatesofsilver"WarNickels"formyPCGSRegistrySetsoIwasbusyhuntingforthemattheshow.IwassurͲ
prisedhowdifficultitwastolocatethehighergradesIwaslookingfor.Ididfindabeautiful1942ͲPProofJefferͲsonrightbeforewelefttheshowonFridayandmadeagreatdealwiththeowner;listedinthePCGSpriceguidefor$385.00ͲIpaid$185.00.(bigsmile!)
IsawquiteafewI.C.C.MembersattheshowaswellsoIlookforwardtodiscussingitatourmeetingandhearͲinghowourothermembersfeltabouttheexperience.
Thismonth'sEducationalProgramwillbegivenbyourfriendsfromtheLogansportCoinClubforourannual"speakerexchange".I'venotbeenmadeprivytothetopicbutIbelieveJerryLebowillbetheonepresentingthe
program(probablyanumismaticquiz)andIamlookingforwardtothepresentation.
Here'syourfinalbitofmotivationtoattendMonday'smeeting;theMonthlyAttendancePrize!Thismonth'ssponsorisAndyNahrwold.Andyisprovidinga1982GeorgeWashington90%silvercommemorativehalfdollar
asaprizethismonth.EveryonepresentatthemeetingreceivesaticketforaFREEchancetowinitsopleaseshowupforachancetoownit.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From the Editor
Highlights from last month’s auction:x A book of 17 liberty nickels sold for $20x A roll of 1939D nickels sold for $100.
x Several graded Morgan dollars, including the one below, were listed and did not sell.
x An 1884 Morgan dollar graded MS64 by PCGS listed for $90 and did not sell.
x A raw 1884O Morgan dollar listed and sold for $35.
x A silver round sold for $21.
x Several lots of $5 face value of 90% silver sold for between $70 and $75.
Items that will be in the auction coming up August 25th will include:x A $50 unopened mint bag of 2005D Westward Journey Jefferson nickels.
x Several lots of unopened/uncirculated rolls of presidential gold dollars from the mint.
Remember, if you plan to place items for auction at the following meeting, send the details toandreusrex@gmail.com by the third Monday of the month and I will publish them as space permits.
If you have any questions or comments about the newsletter or the club, please feel free toemail me at andreusrex@gmail.com. I’ll do my best to answer you or pass it along to someone
who can.
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1982 George Washington Half Dollar
This month’s coin of the month (and also the door prize) is the 1982 George Washington half-dollar. This coin is the first of the modern commemorative series. In the mid
1950’s, the mint suspended the striking of commemoratives due in part to low sales
and political abuses. From then to the early 1980’s many coin proposals were rejected
including coins for the bicentennial causing those to be struck for circulation instead offor collectors. In 1981, Public law 97-104 was passed calling for the first commemorative half in 28 years. The subject was the 250th anniversary of Washington’s birth. Thebill called for the striking of no more than 10 million coins the same size and alloy as
pre-1965 halves. The specifications are 1.2 inch diameter, weighing 12.5 grams of90% silver and 10% copper.

Elizabeth Jones designed both the obverse and reverse with help from Michael Peloso. The obverse shows Washington on horseback looking slightly down and to hisright. The image of Washington is a composite of two sources. The head is from a Gilbert Stuart painting and the body was derived from an image by John Trumbull. The
inscriptions are George Washington, Liberty and 250th anniversary of birth, 1982. The
mintmark, D (Denver) or S (San Francisco) appears to the right of the horse’s neck.
The reverse shows a ¾ view of Mt. Vernon. The inscriptions are United States ofAmerica, In god we trust and Half Dollar. In the lawn below the house is an eagle similar to the US seal with a ribbon reading E Pluribus Unum.
The coins were sold by the mint with a pre-order and regular price. The pre-order price
was $8.50 for the mint state coin and $10 for the proof. The regular price rose to$10.50 and $12.50. They were sold thru 1983 and many thousand unsold coins weremelted. The final mintages are 2,210,458 in mint state and 4,894,044 in proof. Although they were packaged and sold to collectors, some found their way into circulation. Some roll searchers have reported finding them in rolls.
Collecting the coin is very easy and nice uncs and proofs only sell for a small premium
over melt value. At $20 silver the melt value is $7.20 so the coins can be found in the$10-12 range with little trouble.
Reprinted with permission from the Elgin Coin Club$$$$ “ALWAYS BUYING” $$$$PAYING TOP PRICES FOR ALLU.S. COINS
DON’T SELL WITHOUT GETTING OUR OFFER!!!

LARRY HYLTONBROWNSBURG, IN
ANA, ISNA-LM, CSNS-LM(317) 852-8458
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 Conner
Shannon Spears
Bob Bettcher
Jerry CorazPaul Vaughn
Jim Roehrdanz

VINTON DOVEBusiness Consultant
Collecting U.S. Coins Since 1952
Home (317) 257-1906
Cell (317) 910-4205
Fax (317) 257-2220
OLD FOUNTAIN PENSPURCHASED(PARKER, WATERMAN, WAHL, ETC.)JIM NAHRWOLD(317) 849-7931
JLNAHRWOLD@COMCAST.NET

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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

July 28, 2014 - Minutes of the Indianapolis Coin Club Meeting.
Open – Club President, Mike White called the meeting to order at 7:10 PM. 23 people signed
the attendance book. We met at the Northside Knights of Columbus Hall, 2100 East 71st St.
Visitors – None.
The Secretary’s report and the Treasurer’s report were accepted as published.
Committees –None.
Old Business – There was a short discussion of the Exhibit night prizes, which will be acquiredby Donn Wray, except for those prizes donated by Joe Gardner. Jeff Bercovitz is the Committee Chair, and he and Donn will tend to Exhibit Night.
New Business – President White told of the Kennedy 50th Anniversary Half Dollars, and asked
for a show of hands from those who would be ordering some. Kills! Mike White reported that
he had sent two coins to ANACS on their special “Two coins graded for free” and said the two
1964 Halves he sent came back PR-64 and PR 68!!! His total cost was $33.00 including Conservation and “shipping and handling.” Joe Boling reported acquiring one real and one counterfeit Greek currency notes. Shannon Spears reported finding 2 1999 Proof quarters in change.
The Educational Program – Vinton Dove gave a talk on Numismania – Military Medals. Hehad a WWII US Army uniform, (his father’s,) which included several ribbons and three medals:
the Distinguished Service Cross, the French Croix de Guerre and the Good Conduct Medals.
He told of his father’s activities on Omaha Beach on D-Day.
Break.
The Attendance Drawing (Door Prize) was a 1937 Half Dollar won by Jim Roehrdanz.
The 50/50 Drawing was run by Bob BettcherAuction –Joe Boling ran the auction.
The meeting was Adjourned at 8:59 PM.
Respectfully submitted,Vinton Dove, Secretary

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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 E. Boling*Prize sponsor: Vinton DoveApril 28, 2014 - ‘Counterfeits and Countermeasures’ - by Michael White*Prize sponsor: Bob Bettcher

May 19, 2014 - ‘An Education On Educational Notes’ - by Jim Warden*Prize sponsor: Jim Warden

June 23, 2014 - ‘Winners in the Modern Commemorative Coin Era’ - by Jim Roehrdanz*Prize sponsor: Jim Roehrdanz

July 28, 2014 - ‘Numismania, Military Medals’ - by Vinton Dove*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: Shannon Spears

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 atthe 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.