A Publication of the Indianapolis Coin Club
Issue # 466
Newsletter
November 2005
Membership numbers: ANA C-131170,
CSNS L-600, ISNA LM 243
The Meetings of the Indianapolis Coin Club areheld the fourth Monday of each month at the Nora
Library at 8625 Guilford Avenue in Indianapolis,Indiana. The Meetings consist of a business session, an intermission, educational program, and anumismatic auction. Doors open at 6:00pm,
meeting will begin at 7:00pm.

The next meeting will
beMonday,
November 28, 2005!
It’s Time to Elect a New“Board” andOfficers

ICCELECTIONS

It is that time of year when the Indianapolis Coin Club has its annual elections of officers and Board members that will lead theclub throughout the next year. This election
will take place at the November club meeting. The following is a list of the ICC members and the Board position in which they
are running for:President - Mark Eberhardt
Vice President- Jim Roehrdanz
Secretary - Jim Goaziou
Treasurer - Karl Kreck
Editor - Amy Eberhardt
Sergeant-at-Arms - Jim Warden
Past President - Vinton DoveBoard Member - Jim Fuson
Board Member - Cos Raimondi
Board Member - Charles Alber$$$$ “ALWAYS BUYING” $$$$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 G. DOVE
Certified Public Accountant
Collecting U.S. Coins Since 1952

443 Wellington Road
Indianapolis, IN 46260

Advertise Here for R.O.M.A. COIN
only $35.00 per year!!

(317) 257-1906
Fax(317) 257-2220

Specializing in U.S. RARE COINSORVA (ORV) DETRICK
Professional Numismatist

PO Box 267
Donnelsville, Ohio
45319-0267
Phone: 937-882-6730Cell #: 937-284-0412
E-mail: Romacoin@aol.com
Buy/Sell Bullion: Gold & Silver

Advertise in the Indianapolis Coin Club Newsletter! The cost is only $35.00 for a business card
size ad for 12 issues!

The 2005 Indianapolis Coin Club
Officers and Board Members
President
Vinton Dove
Vice-President
Mark Eberhardt
Secretary
Jim Goaziou
Treasurer
Karl Kreck
EditorAmy Eberhardt(fubacoin@aol.com) ph. (317) 837-5682
Past President
Sgt-at-Arms
Board Member 2005-2006
Board Member 2005-2006
Board Member 2005-2006
Board Member 2004-2005
Board Member 2004-2005
Board Member 2004-2005

Jim Luckey
Jim Warden
Dave Reid
Donald Black
Allen Dove
Jim Fuson
Cos RaimondiCharles Alber

The Monthly Planchet is the official publication of theIndianapolis Coin Club. It is published monthly in Indianapolis,Indiana. All inquiries should be sent to ICC, P.O. Box 2897,
Indianapolis, Indiana, 46206.

The Monthly Planchet, November 2005

Table of Contents
2006 ElectionsAdvertisers
Stone Mt. Comm. Secretary’s Report Treasurer’s Report Educ. Prog. for Nov Upcoming Shows Christmas Banquet -CoverPage 2Pages 3 & 4
Page 4
Page 5
Page 5
Page 5
Page 5

Page 2

The Stone Mountain Commemorative
By Amanda Rondot, OFCC Junior Member

For several years, the 1925 Stone Mountain Half
Dollar has been my favorite commemorative coin.
This is due in large part to its simple yet elegant design, but the subject of the coin - Confederate soldiers - also drew my interest. How many other nations have commemorated the defeated military of acivil war on one of their coins?
To better appreciate the memorial, one must firstlearn about the history behind Stone Mountain andthe resulting commemorative coin. Stone Mountainis a granite mountain on which is carved a monument
to the Confederate States of America. Gutzon Borglum washired in
1916 by theStone
Mountain
Confederate Monumental Association todesign andcarve thefigures ofJefferson
Davis, GeneralThomas J.
“Stonewall” Jackson, General Robert E. Lee, and aprocession of soldiers on the northeast side of themountain. However, World War I caused an interruption in the plans; the actual carving did not begin
until June 1923. General Lee’s head was the firstpart finished on the sculpture, to be publicly revealed
in a January 19, 1924 ceremony.
However, the Association quickly ran out ofmoney for the project. Consequently, they sought
legislation authorizing a commemorative coin to raisemoney to complete Stone Mountain. An early version of the bill commemorated “the commencement
The Monthly Planchet, November 2005

on June 18, 1923, of the work of the carving on
Stone Mountain, in the State of Georgia, a monument to the valor of the soldiers of the South, which
was the inspiration of their sons and daughters andgrandsons and granddaughters in the SpanishAmerican and World Wars.” This text proved unacceptable to Northern Congressmen; only after the bill
was amended to include, “and in memory of Warren
G. Harding, President of the United States of America in whose administration the work was begun,”was the bill passed into law on March 17, 1924.
Borglum was hired to design the coins, in addition
to his task of carving Stone Mountain. Accustomed
to working in large scale on the memorial, he attempted to adapt its design to fit the much smallercoin. The obverse of Borglum’s original design portrayed Generals Jackson and Lee on horseback in theforeground, with the head and neck of Davis’ horsecovering part of Lee, while soldiers marched in thebackground. The reverse featured an eagle on theright and the inscription, “Commemorating/ the valorof the/ soldier of the South/ Stone Mountain/ Georgia/ And in memory of/ Warren G. Harding.”
The models were sent to the Commission of Fine
Arts and to the Mint, where they were met with disapproval. After several revisions, the design was finally accepted. As issued, the obverse features only
Generals Jackson and Lee on horseback, with thirteen stars representing the states the seceded. The
reverse inscription was simplified to read,“Memorial/ to the valor/ of the soldier/ of theSouth,” while the eagle remained fundamentally unchanged. Thirty-four stars are sprinkled throughout
the background, alluding to the number of statesprior to secession. However, these are difficult tosee due to the surface’s rough appearance, reminiscent of the mountain side.
Coinage began January 21, 1925 at the Philadelphia Mint. With a maximum authorized mintage of
5,000,000 coins, 2,310,000 were minted for distribuPage 3

tion with an additional 4,709 coins reserved for assay.
The Stone Mountain Confederate Monumental Association hired Harvey Hill, a New York publicist, to promotethe coin. His first sales strategy involved convincing
large companies such as the Coca-Cola Bottling Company of Atlanta, the Baltimore & Ohio Railroad, theSouthern Fireman’s Fund Insurance Co., and many
Southern banks to buy large quantities of the coins togive to or sell to customers, or simply to spend.
Hill’s next sales tactic was known as “The Great Harvest Campaign.” Administered by the governors of Virginia, South Carolina, Georgia, Florida, Alabama, Mississippi, Louisiana, Texas, Oklahoma, Arkansas, Kentucky, and Tennessee, this program assigned sales quotas
to each state dependent upon the amount of residents
and the value of bank deposits. Additionally, many coins
were counterstamped, usually with a state’s abbreviation
and a serial number, in order to create unique pieces andincrease the demand for the coins. Despite these sale efforts, 1,000,000 coins were returned to the Mint for
melting, resulting in a net mintage of 1,314,709 coins.
Meanwhile, work on Stone Mountain encountered further difficulties. Gutzon Borglum was fired by the Stone
Mountain Confederate Monumental Association onFebruary 26,1925 for allegedly spending too much time
designing the coin, at the expense of his work on themountain. Amid much controversy, Borglum destroyed
his models for Stone Mountain, but soon went on tocarve Mount Rushmore. Augustus Lukeman was hired
to take his place on Stone Mountain; he had portions ofBorglum’s completed carvings removed in order to startanew. However, financial problems again struck the project until it was halted in 1930 by the Great Depression.
Following astate grant,
work on themountain resumed in 1963
under the leadership of Walter
Kirkland Hancock. Finally,
with its May 9,1970 dedication,
Stone Mountain
was complete.

The Monthly Planchet, November 2005

Secretary’s Report
October 24, 2005
The meeting was called to order byPresident Vinton Dove at 7:00pm.
There were 33 people present. Secretary
Jim Goaziou read both August andSeptember Secretary's Reports, both were approved asread. Treasurer’s Karl Kreck read the Treasurer’s reportfor September and it was also approved as read.
There was a short discussion of the club’s CD’s that will
be on the agenda for the next Board Meeting.
The nominating Committee has received nominations forthe following positions on the 2006 Board: President Mark Eberhardt, Vice President - Jim Roehrdanz, Secretary - Jim Goaziou, Treasurer - Karl Kreck, Editor - Amy
Eberhardt, Sgt-at-arms- Jim Warden, Past President - Vinton Dove, Board Member - Jim Fuson, Board Member Cos Raimondi, and Board Member - Charles Alber.
If anyone is interested in obtaining any of the resourcesthat the club has, please contact Dennis DeBruhl, Librarian.
The Education Committee will hand out Quarter Boards,
2004-D Lincoln Cent, Lincoln Blank Planchet and Mousepads to juniors attending the ISNA Coin Show November
4th and 5th.
The Banquet Committee has set aside the evening of December 6th for the ICC’s annual Banquet.
As far as new business, the November meeting for theICC will be our elections of officers and then the Logansport Coin Club will be visiting and giving us the Educational Program. We in turn will visit them on November
16th in Logansport for an Educational Program. If anyone
is interested in riding up with a group of people, pleasecontact Mark Eberhardt.
June and July 2006 ICC meetings will be at the Warren
Library on the East Side, check your newsletter for updates
and directions.
Kansas- P Quarters were handed out by Kurt Miller andSam Tumminello, ICC Junior Members.
Lou Coppinger gave an Educational Program on World
Coins that was very informative and interesting. Lou discussed different ways to collect World Coins and some approximate prices for some on the market.
There was a short break, followed by the evenings auction. The meeting was adjourned at 8:50pm
Respectfully Submitted,
Amy Eberhardt - Editor

Page 4

Treasurer’s ReportOctober 2005
Income:50/50$22.00

Expenses:
9/05 Newsletter Postage$24.05
9/05 Newsletter Printing
Drinks for 9/05 Mtg.
Cups for 9/05 Mtg.
10/05 Newsletter Postage
10/05 Newsletter Printing
Total$12.06$ 1.84$ 2.32$20.72$28.94$89.93September Checkbook Balance
October Checkbook Balance$2,798.00$2,730.07

ICC CD’s Balance

Upcoming Shows$17,047.19

Respectfully Submitted,

Educational
Program for
November“Odd and Curious
Money”by Dave Colford
From the Logansport Coin Club

The Monthly Planchet, November 2005

November
27th - “Mattoon Coin Club Show” - Mattoon IL,
Burgess-Osborne Building 1701 Wabash St. (Junctionof US Rts. 45 & 16) Hours: 9am - 4pm

December
11th - “71st Street Coin Show” - Indianapolis IN, K ofC Hall 2100 East 71st Street off Keystone Ave.
Hours: 9am - 3:45pm

ICC CHRISTMASBANQUET
Our Annual Christmas
Banquet will be held at the
MCI Cafeteria in Castleton
on Monday, December 5,2005 from 6pm-8:30pm.
Address: 5520 Castleton
Corner Lane. (corner of 82nd& Allisonville Rd)

We will all go through the lineand purchase our own food, thenproceed to the room for dinner
and the meeting.

Page 5