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

Issue# 597

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, M arch 18th, 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.
1MARCH, 2019

Issue# 597

A Few Words From Your Pr esident
I was very encouraged by the fact that we had six visitors at our meeting in January. On top of
that, we had five visitors at our February meeting along with two long-time members that had
not attended our meetings for a while. I cannot remember the last time in years past that we
had five or six visitors at one of our meetings. Is this the beginning of a trend? That remains
to be seen, but I hope it is! Regardless of the number of visitors we have at any one meeting,please give them a warm welcome and invite them to attend our meetings in the future.
The 9th Annual Civil War Show will be held in the main gym of Beech Grove High School On
Friday, March 22 (4 - 6 p.m.) and Saturday, March 23 (9 a.m. - 4 p.m.). Harvey Warrner is thecontact for the show, who gave us a fascinating talk last year on "Confederate Currency,
Bonds, & Civil War Tokens" that was very well received by our members. I promised Harvey aplug for this show, and anyone interested in the Civil War should find it engaging. Its official
title is "Crossroads of America Civil War/Political Postcard and Paper Show," which means that
there should be something for everyone interested in this era of our nation's history.
Several members sent comments in to our Editor which will be included in a section of the
Planchet titled "Announcements". If you would like to have your thoughts included, send
them to Chris Bower (plancheteditor@gmail.com).
You may be aware that PCGS Currency is no longer in business. Donn Wray will give us an
update tonight as to what he knows about this abrupt closure and what may be in the works
for a transition to a different certification company.
After trying for the past three years to investigate the possibility of hiring a bus to attend theCentral States show in Schaumburg, Ill. and the ANA show in Rosemont, it appears that we
simply do not have enough interest to continue to pursue this idea. In addition to the cost
involved, finding a single day agreeable to all for a trip is also a hurdle that would be very
hard to overcome. So, I have given up on this for now, but perhaps sometime down the roadthis would be an idea to revive.
Lastly, as always, I look forward to seeing you at tonight's meeting, along with any visitors andguests that we might attend. Thank you for being an ICC member, and please consider
running for a position on the ICC Board of Directors later this year.

Jim Su k u p, Pr esiden t
2MARCH, 2019

Issue# 597

INDIANAPOLISCOINCLUBEDUCATIONALPROGRAM
This month?s Educational Program will be:'Br itish Provincial Tokens'by
Chr istopher Bower
Next Month?s Meeting Date & Program:'T. B. A.'
by T. B. A.
Monday April 15th, 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

3MARCH, 2019

Issue# 597

An n ou n cem en t s
M em ber sh ip Du es:
Just a reminder that 2019 membership dues need to be paid as quickly as possible. See Gary Selig or Mark
Eberhardt immediately if your 2019 dues have not been paid.
Thank you, Mark Eberhardt

Speak er s:
We still have several spots open for speakers in 2019. If you have a collecting interest that you are passionate
about or even a specific coin that you can talk about for 15 minutes then we would love to hear from you. Ifinterested please reach out to our Vice President Andy Nahrwold and he will let you know what spots areavailable.

WHAT THE HECK IS GOING ON WITH PCGS CURRENCY??
The other day Jeff Bercovitz dropped up to my office to look at an Indiana State Seal proof, and said in passingthat PMG was offering cross-over service for PCGS Currency slabs because ?PCGS Currency abruptly ceased
operations at the end of January.? Since I have a submission sitting there, to say I was interested is anunderstatement.
So I did some digging, and the truth is somewhat less spectacular than some would have you believe.
In 2009, Collectors?Universe licensed the PCGS Currency brand to a company called K3B, Inc. Principal of that
entity is Jason W. Bradford. It was a 10-year license. So, for the last 10 years, any ?PCGS Currency? slab has
been produced by K3B, Inc. licensed to use the PCGS name. Mr. Bradford moved the newly-licensed
operation to Peoria IL upon acquiring it. The graders are located there, and that is where you send yournotes.
But all good things must come to an end, and the original term of the license agreement expired at the end ofJanuary. Apparently no deal could be reached to extend the agreement (one is free to speculate as to how
those negotiations transpired) and K3B had to quit using the name.
But, K3B still has its facility and graders. Even more important, it has the continuing right to use, and access
to, the PCGS-compiled population reports and will honor the guarantees it issued sub nom PCGS. The new
d/b/a for K3B is Legacy Currency Grading.
The key to Legacy Currency Grading?s future success will lie with the market, and for all purposes the ?market?
IS the auctions. So if Heritage, Stacks/Bowers, Goldberg, Lyn F. Knight, etc. (not to mention eBay) accept
Legacy slabs the same as PCGS and PMG, I predict that ?Legacy? will end up being viewed as a continuation of
PCGS.
Personally, I have always preferred PCGS graded notes to others because I think PCGS is the mostconservative. If Legacy maintains the same standards, I expect this transition will not make much
substantive difference in the end. Legacy also intends to maintain the same programs like the Collectors
Club. All pending submissions will come out in Legacy slabs. Legacy states that it is adding graders to try to
improve turn-around time, for which PCGS Currency has been criticized. Legacy has also announced are-designed holder in which the certification slip is inside the Mylar (like PMG does).
So, I look forward to seeing how my notes currently pending turn out. I will keep you advised.
Donn Wray

4

MARCH, 2019

Issue# 597

In light of Donn Wray's comments above I found this related article that explains a little more. If interested
check out the full article on line. The comments are particularly interesting. -Editor

Jason W. Bradford Launches Legacy
Currency Grading
Published at CoinNews.net

Well-known paper money authentication expert Jason W. Bradford and his team of experts
launched Legacy Currency Grading (www.LegacyGrading.com ), a new paper money grading andauthentication service, on February 20, 2019.
Legacy Currency Grading will offer a warranty for all banknotes certified by its graders.
"Legacy Currency Grading will strive to improve the consistency and accuracy in grading for which
my team has always been known. We will focus our primary efforts on excellent customer service
and turnaround times, and we will be expanding our team," stated Bradford, the founding andformer President of PCGS Currency. "We?ve added both operational staff and additional grading
experts to increase our capacity and help dramatically reduce turnaround times.""The guarantee for all Legacy graded notes will be as strong as ever, with all notes guaranteed forgrade and authenticity by our lifetime grading warranty," explained Bradford.
"In addition, to ensure the continuity and stabilization of the market, Legacy Currency Grading willcontinue to honor the same grading guarantee for all notes that K3B, Inc. certified from February
4, 2009 until January 30, 2019, under the license for the PCGS Currency brand name from
Collectors Universe, Inc. The Legacy Currency Grading population report will also include all notes
graded under that same license," he added.
In order to make the transition as smooth as possible for all collectors and dealers, Legacy
Currency Grading will be offering a discounted "crossover " service for all notes graded under theprevious brand name.
"For a limited time, we will be offering a special rate for our clients to reholder their notes into
Legacy Currency Grading holders," said Bradford. "Details will be announced in the near future
5

MARCH, 2019

Issue# 597

regarding the procedures for submitting notes, including the ?crossover ?service."
Legacy Currency Grading is also launching a new holder design featuring a fully sealed holder withthe grading insert inside the tamper-proof Mylar plastic.
"This holder design is the result of several years of market research. The Legacy Currency Grading
holder will be made of the same acid-free Mylar material used by generations of collectors anddealers. We are extremely excited about this new holder because I believe that this is the safest
material for the long term storage of any banknote, and we won?t compromise by using anything
but the highest archival quality materials for our holders," stated Bradford.
Existing grading submissions that were previously submitted to K3B, Inc. now will be graded by
Legacy Currency Grading.
"We will be contacting all clients in the immediate future regarding the details of their submissions
and the estimated time frame for completion. However, if any client prefers that their notes be
returned ungraded and their fees refunded, we will, of course, honor that request," said Bradford.
"In addition, all current memberships from the old service will be honored and extended in the
new Legacy Membership program."
Bradford is a pioneer in the paper money grading profession, personally examining,authenticating and grading more than a million banknotes since 2005. He will continue to lead the
new company as President and CEO.
"It is extremely important for me to focus my energies primarily on grading and training our othergraders. The day-to-day operations of the company and customer service will be overseen by ourmanagement team, which will free me and the other graders to focus on doing what we do best
? grading banknotes. We are optimistic and excited about the future of the currency collecting
hobby and the marketplace. Legacy Currency Grading will provide the best and most efficientcustomer service, and the most accurate and consistent grading process possible," Bradford
pledged.

For more information you can find the complete article at:
http://www.coinnews.net/2019/02/20/
jason-w-bradford-launches-legacy-currency-grading/6

MARCH, 2019

Issue# 597

March 2019 Auction Lotsfor 3/18/2019
Description

Grade1935A $1 North Africa

Additional Notes

PCGS 45 PPQSwiss 5 Francs 2/23/51

Starting Price
100.005.00

1963A $100 FRN Chicago *VF

105.00Central Bank of China 10 CGU's

VF

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.

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.

7

MARCH, 2019

Issue# 597

Febr u ar y 18, 2019 ? M in u t es of t h e In dian apolis Coin Clu b M eet in g
Call t o or der . President Jim Sukup called the meeting to order at 7:00 p.m. We met at the Knights ofColumbus Hall (North) located at 2100 E. 71st St., Indianapolis, IN.
At t en dan ce Pr ice. The attendance price for the month of February (2019) was a PCGS 2000-S Proof
69 DCAM, Maryland Silver Statehood Quarter, which was donated by Jim Sukup.
Repor t of Secr et ar y. The Secretary?s Report for January, 2019 was published in the current month?sPlan ch et . There was a motion made, which was duly seconded to accept the report as cor r ect ed.
This motion passed. The first sentence about ?Interesting Finds? should read: ?Joe Boling picked up a
Djibouti note with a real overprint sold by someone who normally sells fakes on the web.?
Repor t of Tr easu r er . The Treasurer ?s Report for January, 2019 was published in the current month?sPlan ch et . There was a motion made, which was duly seconded to accept the treasurer ?s report ascor r ect ed. The income for January, 2019 was $520 n ot $5,200 as printed. In addition, our Treasurer
advised that there are still outstanding dues to be collected.
Visit or s. John Fitzgerald was a visitor who learned about us from attending the Indiana State Show.
He stated he liked to collect Mercury Dimes, Lincoln Pennies and Morgan Dollars. We also had ayouth visitor, Robert, who was attending as part of earning a merit badge for the Boy Scouts.
Repor t s of Com m it t ees. There was a report from the Library Committee, chaired by President Jim
Sukup. There is an outstanding book on loan, ?Error Coin Encyclopedia?, a DVD entitled ?Money,
History in Your Hands? and another book with a partial title of ?German Church City . . .? Pres. Sukup
advised that the club had duplicate copies of the same but he still wished for the materials that had
been checked out to be returned.
Old Bu sin ess. There was no old business.
New Bu sin ess. After having a discussion lead by Pres. Sukup, it was determined that there was notenough interest amongst our club members to hire a motor coach bus to take our members to the80th annual Central States show being held April 24-27, 2019 in Schaumburg, IL. Pres. Sukup statedperhaps next year we will be able to have enough interest by our members to undertake such anactivity.
Cu r r en t In t er est in g Fin d. Joe Boling had an interesting find, namely, he shared a German Inflation
Note (money) from 1923. Joe explained that it was so worthless that it was used to overprint flyers,
etc. . . and he said they were used as scratch paper due to extreme inflation at that time afflicting
Germany.
Edu cat ion Pr ogr am . Gregg Gordon spoke on the topic entitled ?The Perth Mint Lunar Series.? It wasvery informative and well done. Gregg gave his lecture using a power point slide presentation andalso had 2 cases complete with coins of the series. Gregg talked about different aspects andinformation in regards to the Perth Mint as well as the Royal Australian Mint, including backgroundinformation of those mints, as well as what types of coinage, etc. were produced by them. He
provided detailed information about the Lunar Series I, and II, including mintage statistics,
describing the differences between the series, what images were found on the obverse and reverse.
Series I started in 1999 and ended in 2010 and the average prices for coins in this series isincreasing. Series II started in 2008 and will end in 2019. He showed the differences between thetwo series. He also noted there were differences in the design of the coins in the first two series.
Gregg reported there were gold coins in the series too. He expects Series III will begin in 2020.
There were questions and answers as well.
8

MARCH, 2019

Issue# 597

Br eak . A break was held around 7:30 p.m. for about ten (10) minutes.
50/ 50 dr aw in g. There was a $100 in total with the winner, Bryan Alexander receiving $50.
At t en dan ce Pr ize Dr aw in g t ook place. Ger ald A. Cor az was the winner.
Au ct ion . The auction was conducted by Mark Eberhardt; Steve Howery, Donn Wray, Christopher
Bower, and Sharon Bower assisted. The Club received $12.00 from 12 auction lot sheets at themeeting.

The meeting adjou r n ed.

Respect f u lly su bm it t ed,

Gar y M . Selig, Secr et ar ygselig14@gm ail.com

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.

Trivia:High purity gold coins issued by the Republicof Venice for hundreds of years are better
known by what (singular) name?
Answer is at the bottom of the treasurer 's report.

9

MARCH, 2019

Issue# 597

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: I.C.C.
April 15, 2019 - 'T.B.A' - by T.B.A* Prize sponsor: T.B.A.
May 20, 2019 - 'T.B.A.' - by T.B.A* Prize sponsor: T.B.A.
June 17, 2019 - 'T.B.A.' - by T.B.A.
* Prize sponsor: T.B.A.
July 15, 2019 - 'T.B.A.' - by T.B.A.
* Prize sponsor: T. B. A.
August 19, 2019 - 'T.B.A.' - by T.B.A.
* Prize sponsor: T.B.A.
September 19, 2018 - Exhibit Night* Prize sponsor: I. C. C.
October 21, 2019 -T. B. A. - 'Joan Clark Murray: Breaking the Code of Scottish Groats' by Louise Boling* 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.

10

MARCH, 2019

Issue# 597

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:

Febr u ar y 2019$20.00$50.00Donations / Auction Lot Sales:
ICC Library Book Sold (est):
Auction Lots Sheets @ $1.00 per Sheet:
Newsletter Postage Fee:

$12.00

Sale of Medals
TOTAL RECEIPTS:$82.00Febr u ar y 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:($18.00)

ICC CHECKBOOK:
Balance:Febr u ar y 2019$3902.48

Trivia Answer: Zecchino
11

MARCH, 2019

Issue# 597

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

12

MARCH, 2019

Issue# 597$$$$ ?ALWAYS BUYING? $$$$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

13

MARCH, 2019

Issue# 597

Lost Dutchman
Rare Coins
4983 N Franklin Rd. Indianapolis, IN(317) 545-7650
Your Local Full Service Coin Shop Since 1985

Specializing in Rare U.S. & World Coins.
Thinking of selling? WE PAY MORE!
Buying & Selling
US & World Coins, US Paper Money
Key Date Coins, Graded Coins, Complete Sets
Gold and Silver In All Forms
Military Collectibles

VISIT OUR WEBSITE TODAY!

http://www.LDRCoins.com
14