The Planchet

August 2017

Issue #580

The next meeting will be
Monday, August 21, 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:‘War Nickels and Steel Cents: The Role of U.S. Coins in WW II’
by Andy Nahrwold
Next Month’s Meeting Date & Program:
Monday, September 18th, 2017, at 7 pm.
I.C.C. Exhibit NightFor 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
It seems like summer started only a couple of weeks ago, but the fall season will be upon us before
we know it. I believe that we have had relatively good attendance at our meetings during what is
typically a somewhat slower time of the year due to summer vacations and other outdoor activities
that people take advantage of during the warmer months.
As discussed at last month's meeting, Chris Bower is leading the charge in producing a special edition of The Planchet which will be distributed at the ISNA on October 27-28. It will have several
color pages along with some black and white copy. It will be printed on either 11" x 17" paper folded into an 8-1/2" x 11" pamphlet or on standard 8-1/2" x 11" paper. If you would like to contributea numismatic article for this special edition, please contact Chris. The hope is to create increased
visibility of the Club, especially for those that know about it but have not attended for some reason,and for those that may be unaware of it that may want to check out our meetings and possibly join
the club.
VP Steve Howery, Hellmut Richter, and I went to Noblesville earlier in August to talk with scoutmasters and scout leaders from Hamilton County about opportunities that ICC club members canhelp interested scouts with in learning about coins and preparing them for earning their Coin Collecting merit badge. The first merit badge I received was Coin Collecting, and my involvement inearning it was instrumental in the sustained interest I have had in numismatics since then. I believethat our presentation was well-received, and we explained that club members would be willing toattend one of their scout meetings to review the requirements and teach interested scouts more
about collecting. I hope that we would be able to do the same for scout troops in the Indianapolisarea.
New to our Club this year is our Membership Committee. Steve Howery is our Membership Committee Chairman, and Gary Conner and Hellmut Richter have also agreed to serve on the committee. If you have any ideas regarding the promotion of ICC membership or would like to serve on
this committee, please speak to one of these committee members.
As a reminder, our Exhibit Night will take place next month on Monday, September 18, 2017. Put
together some of your favorite numismatic holdings to display for all of your fellow club members
to examine and vote on! We will be asking at tonight's meeting how many members may need toborrow a case in which to display their collection. Our Exhibit Night Committee includes Vinton
Dove, Donn Wray and Jeff Bercovitz and they will continue to do an excellent job of counting thevotes and awarding prizes to the top vote-getters.
As always, please plan to attend this month's meeting, and bring a friend, relative, neighbor, or possibly even a collector that has not been involved with the hobby for some time that you are acquainted with. I hope to see all of you at our meeting on August 21.

Jim Sukup

Editor’s Note:
As noted in the President’s message, Chris Bower will be putting together a special edition of
the Planchet, and he is looking for written articles. Any and all articles considered, no matter
how long or short. For that matter, if you have something you’d like to see in the regular
Planchet, please let me know. I’m an editor first, and a writer a distant second (at best). I’m
not much of a speaker either, though I’ll do my best this Monday. Speaking of which, mypresentation on U.S. coins during World War II will feature a nice war nickel set courtesy of
Michael White, and an uncirculated 1943 cent set from Donn Wray - it’s part of a Lincoln set
he’s auctioning off later that night. Steve Howery will have uncirculated steel cents for viewing as well.

At auction this week will be:Multiple Morgan and Peace dollars, including 1921 proof-like Morgans

A nice set of Lincoln cents

Uncirculated sequential Chinese 1 Yuan, 5 Jiao, and 1 Jiao notes

If there’s something you’d like to include in the auction, please let me know by the second
Monday of the month and I’ll include it in the Planchet.
Andy Nahrwold
Editor$$$$ “ALWAYS BUYING” $$$$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

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 Bercovitz
Bob 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.

June 19, 2017 - Minutes of the Indianapolis Coin Club Meeting.
Open – Vice President, Steve Howery, called the meeting to order at 7:00 PM. 32 people were
present. We met at the Knights of Columbus Hall, 2100 East 71st Street. The door prize wasannounced as a 1942 Mercury Dime graded ANACS MS-63, donated by Michael White.
The Secretary’s report and Treasurer’s report were accepted as published in the Planchet.
Visitors – No visitors.
Committee reports – Steve Hower y r epor ted that he has Member ship Application flyer savailable.
Old Business – Our Treasurer, Mark Eberhardt, reported that the 71st Street Coin Show wasstill growing, and would have a full complement of dealers in July. It was also reported that theCincinnati show would be in Sharonville, OH on June 29, 30 and July 1, and the St. Charles
MO show would be on July 7, 8 and 9.
New Business – None.
Kills! Shannon Spear s found a 1941 Mer cur y dime in change, and Michael White foundthat he had a rare newly reported error on his 2015 Mexican 2 ounce silver coin, called a“Detached Wing Variety.”
The Educational Program –The Education Program was titled “The Ultimate Mercury Dime”
presented by the Secretary, Vinton Dove. The biggest part of the program was trying to define
what the “ultimate” dime was. For him it is the 1916-D dime since it is the only one he does
not have in Mint State. He displayed his complete set of Proof Mercury Dimes with his set of
Mint State dimes, which only lacks the 1916-D in Mint State. His 1916-D was only in VG-8.
After the Break, the Attendance Drawing (Door Prize) and the 50/50 Drawing were held.
Auction –Mark Eberhardt ran the auction. Assisting were Bob Bettcher, Jeff Bercovitz, Michael White and Vinton Dove.

The meeting was Adjourned at 8:22 PM.
Respectfully submitted, Vinton Dove, Secretary

July 17, 2017 - Minutes of the Indianapolis Coin Club Meeting.
Open – President, Jim Sukup, called the meeting to order at 7:03 PM. 35 people were present.
We met at the Knights of Columbus Hall, 2100 East 71st Street. The door prize was announced
as a 1929-D Walking Liberty half dollar, donated by Paul Vaughn.
The June 2017 Secretary’s report was not available in time for publication in the Planchet, andwill be included in the August Planchet. A corrected version of the February through May
Treasurer’s report was published in the Planchet, as was the J une r epor t, all of whichwere accepted as published in the Planchet.
Visitors – Jacob Roberts; he does not collect, but his father does. Carl Brown, who found out
about the club through a flyer at the Lost Dutchman. John Paunicka, who found out about theclub through the Second Sunday coin show.
Committee reports – We will be meeting with Boy Scout leader s next month to discuss
how to help scouts obtain their coin collecting merit badges. Jim Sukup purchased 2 numismatic books at a recent Indy library book sale and donated them to the club library.
Old Business – No old business to discuss.
New Business – Chris Bower proposed putting out a special edition of the Planchet to hand out
at the ISNA October show; he will draw up a more formal plan to propose to the board. Jim
Sukup showed a postcard he received in the mail from Ink Pixie, trying to sell paraphernalia
advertising “Sukup Rare Coins & Numismatics”, which does not exist. Several other members
reported receiving similar mailings, and voiced privacy concerns. Jim also noted that Exhibit
Night will be September 18, and urged members to start preparing their items to display, and to
get a head count of how many display cases may need to be borrowed. Jim noted that The Numismatist is now publishing CDN retail price guides as of June, rotating every 3 months. Currently copper and nickels, then silver, then gold. Lastly, Jim noted that he may be late to theAugust 21 meeting, as he will be in Kentucky to view the eclipse. That started a conversation
about the USPS new heat sensitive eclipse stamps. Kill Reports – Donn Wr ay r epor ted finding in a CoinStar reject bin about 75 cents in US coins, 0.75 euro coins, a silver dime, andChuck E. Cheese tokens dated with 6 different years; he offered them up at auction as a “Chuck
E. Cheese starter set.” Chris Bower purchased an 1862 copy of “Coins of All Nations” at a numismatic auction. This book has color plates of all coinage in circulation at that time.
The Educational Program – The educational program for the evening was “The Crowns of
Scotland” by Paul Vaughn. Paul discussed 10 crowns he brought from his personal collection.
He also brought the Vaughn family tartan, a book of Scottish coins, and 3 Elizabeth II shillings,
which have either an English or a Scottish reverse; at the end of his presentation, he gave one toYoung Numismatist Nick Conner. Paul’s presentation centered on the coins he brought, including a Sword Dollar, a Crookston Dollar, the first screw-pressed coin, and others. He gave avery interesting presentation, and answered questions afterwards.
After the Break, the Attendance Drawing and the 50/50 Drawing were held.
Auction – Joe Boling ran the auction. Assisting were Donn Wray, Bob Bettcher, and Shannon
Spears.
The meeting was Adjourned at 8:45 PM.

1921 Morgan Dollars

This month’s coins of the month are all the Morgan dollars issued in 1921. One of the provisions of the Pittman act states that all silver dollars sold and melted must be replaced by new
dollar coins. Since the hubs for the Morgan dollar were destroyed in 1910 and the new Peacedollar was not yet ready, the mint was in a bind. What the Mint did to deal with this problem
was to take a previously struck coin and use it as a model. Despite their best efforts, the coinlooks more like a reproduction than an original design.
Each of the three mints, Philadelphia, Denver and San Francisco produced 1921 Morgan dollars. This is also the only year the Denver mint struck Morgan dollars. The actual mintmarks onthese branch mint coins are much smaller than previous Morgan dollar mintmarks. Reviewing
the mintage figures it shows the 1921 issues have the first, third and fourth highest output of
the series. Philadelphia struck 44.7 million, San Francisco made 21.7 million and Denver 20.3
million. As recently as the late 1960’s the Philly coin sold for under $3 and either branch mint
issue went for under $6.
Today, the coins are still plentiful but finding sharply struck pieces with minimal bag marks isgetting harder. Values for the Philly issue range from $37 in AU to $50 in MS 63 and $725 in
MS 66. Circulated values for the Denver and San Francisco issues are similar to the Philly issue.
In MS 63 both are valued at $75. For MS 66 coins the Denver is worth $1000 and the San Francisco is $5000.
A limited number of proof coins were also struck. They are classified as either Chapman or
Zerbe pieces. The Chapman coins are more valuable at up to $50,000 in Proof 65 while theZerbe coins are a bargain at just $12,500 in the same grade.

Reprinted with permission from the Elgin Coin ClubTreasurer’s Report
2017
Jul.

RECEIPTS:
Dues - Regular @ $20.00 ea.
Dues - Junior @ $5.00 ea.
Advertising - Planchet @ $35.00 ea.
Fifty/Fifty Drawing:
Donations / Auction Lot Sales:
ICC Library Book Sold (est):
Auction Lots Sheets @ $1.00 per
Sheet:
Amazon.com
Newsletter Postage Fee:TOTAL RECEIPTS:

$

37.00

$

15.00

$

52.00
Jul.

DISBURSEMENTS:
Dues - ANA:
Insurance - Liability:
Insurance - Treasurer's Bond:
Mail Box Rental:
Secritary/Treasurer Office Supplies:- Postage:
K of C Meeting Room Rent:
Exhibitors Nights Prizes:
Library Purchases:
Website MaintenanceNewsletter:- Printing/Supplies:- Postage:$

100.00TOTAL DISBURSEMENTS:$

100.00NET INFLOW / OUTFLOW:$(48.00)ICC CHECKBOOK:
Starting Balance:
CD's Mature:
Cash/Checks in:
Checks Out:Jul.
$ 3,434.48

Ending Balance:$ 3,386.48

Net Gain or Loss for the Month:

$

$
$

52.00
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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 Nahrwold

September 18, 2017 - I.C.C. Exhibit Night*Prize sponsor: Bob Bettcher

October 16, 2017 - ‘TBA’ - 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.