The Planchet

April 2017

Issue #576

The next meeting will be
Monday, April 17, 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:

Maundy Coinage
by Donn Wray
Next Month’s Meeting Date & Program:
Monday, May 15th, 2017, at 7 pm.
‘1776’by Chris Bower
For 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
Thanks to all members who were able to attend our March meeting and vote on a change to ourbylaws. While this was certainly just a minor change, which set our meeting on the third Mondayof the month rather than the fourth, it does keep our Constitution up to date, which is important
for all of our members and potential members that might wish to read it. The updated Constitution should be posted on the ICC website by the time you receive this issue. If you have not had
the opportunity to read our Constitution, I encourage you to do so. It is posted on our web site at
http://www.indianapoliscoinclub.org/ICC/Home.html. You are welcome to address anything in ourConstitution that you feel should be discussed.
The educational program talk given by Sam Shafer on Large Cents at our March meeting was excellent and was very well received by those in attendance. I hope that in the future we are able tosecure additional coin dealers from the central Indiana area to talk about their area(s) of expertise.
I would like to thank club members for the courtesy that was shown to Sam, and all in attendance,
by not creating any distractions during his talk. He and all members that were present greatly appreciate that.
The Board of Directors will meet prior to Monday’s meeting to discuss the possibility of making amemorial donation in the name of long-time ICC member Jerry Lebo. I have not been a club member long enough to know Jerry, as he had moved out of the Indianapolis area before I joined, but
he was involved with several of the speaker exchange talks we had with the Logansport Coin Club.
Jerry was very well respected by many of our members and he mentored several ICC members aswell.
The Central States Numismatic Society Annual Convention will be held April 27 - 29, Thursday
through Saturday (Wednesday April 26 is the Early Bird/Professional Preview at a cost of $125) in
Schaumburg, Illinois, at the Renaissance Schaumburg Hotel and Convention Center, 1551 North
Thoreau Dr., 60173. Admission is complimentary Thursday through Saturday. This is always a great
event and more than a few ICC members regularly attend. I hope to be able to go this year, and I
may see you there.
I look forward to seeing you at our meeting on Monday. Bring a friend, child, grandchild, or someother relative, and thanks for being a member of the Indianapolis Coin Club!

Jim Sukup

What Makes it Rare?

I have always been intrigued by the entries in price guides where instead of adollar value it just says "RARE". As a child when flipping through my copy of "AGuide Book of United States Coins" I would see that and think, maybe one ofthese will show up in change or maybe I will find one at the coin shop in the 25
cent each bin. Of course as I got older reality set in. Now I just hope to able tosay I saw one in a museum or a colleague's collection.
As many of us do I spend time on Ebay and other sites looking for hidden gems
or items to fill holes in my collection. It always bothers me when I see sellers
throw around the word rare in the description. Recently on Ebay I did a searchunder the broad category of coins and paper money and found 86541 items withrare in the title. I then did the same search for anything with a Buy It Now priceof $100 or less and this trimmed the list to only 39,811 items. Really, I thought.
There are almost 40,000 items in coins and paper money for less than $100 thatsomebody considers to be rare.
I know you can't and shouldn't tell sellers how to market there products but it
seems to me they could use a different tactic. My guess is that the seller hopes
the buyer will see that word and without doing there homework will pull the trigger and make the purchase. Personally I avoid the word when I sell items.

I did scroll thru the first couple of pages of the 40,000 item list before there wasan item of any interest to click on. A 1915 Italy 2 Lire coin. There were only
7,948,000 minted. The seller claims it is in VF condition. In said condition it carries a value of $22.50. Maybe there is some unknown to me history of this cointhat makes it rare......but I doubt it.

As I have grown older the focus of my personal collection has grown to include alot of world coins. I was fortunate enough recently to purchase one of those elusive items marked rare in "The Standard Catalog of World Coins". It is a 1795C 6
Kreuzer from Austria. (2794688-001) I know it is probably not a highly sought
after piece and to honest despite it being NGC Graded XF45 it is nowhere near
one of the most attractive pieces I possess. In truth I believe it to be over graded.
I still get a thrill knowing it is in my collection.
By Chris Bower
Reprinted with permission$$$$ “ALWAYS BUYING” $$$$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 HoweryVinton 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.

March 20, 2017 - Minutes of the Indianapolis Coin Club Meeting.
Open – President, Jim Sukup, called the meeting to order at 7:00 PM. 33 people signed in. We
met at the Knights of Columbus Hall, 2100 East 71st Street.
The Secretary’s report and Treasurer’s report were accepted as published in the Planchet.
Visitors – No visitors.
Committee reports – J im announced that J er r y Lebo died. J er r y was a long-time memberof the Indianapolis Coin Club, serving as President in 1990, and 1996. He was elected to Life
Membership in 1993. Jerry will be missed.
Old Business – Andy reported that the website is currently up to date!
New Business –A resolution to amend Article 1, Section 1, of the Bylaws which would makeour official meeting date the third Monday of each month, except December was passed by aunanimous vote of the membership. Education programs were announced as: June – Dennis
Hasket will present “Sutter’s Tokens – They funded the Civil War.” Kill Reports – Joe Bolingpurchased a friend’s collection of West Africa Notes, including counterfeits; the 1909 VDBcent found by Andy turned out not to be an S-VDB. Darren DeBruhl found 5 silver quarters
and a 1964 Kennedy Half Dollar. The Secretary’s 1916 Half Dinero from Peru came back fromANACS graded MS-66 Red. The Sergeant-at-Arms asked the members to respect the speakerby being silent so everyone could hear the presentation.
The Educational Program – The educational program for the evening was “Large Cents” bySam Shafer, a local coin dealer. Sam gave a highly detailed and informative presentation, fromthe 1792 Birch Cent to the 1857 Gobrecht design. His program was enjoyed by all.
After the Break, the Attendance Drawing and the 50/50 Drawing were held.
Auction – Joe Boling ran the auction. Assisting were Bob Bettcher, Donn Wray, Michael
White and Vinton Dove.
The meeting was Adjourned at 8:59 PM.
Respectfully submitted, Vinton Dove, Secretary

Treasurer’s Report
2017
Mar.

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):

$$

20.00
5.00

$$

42.00
5.00

Auction Lots Sheets @ $1.00 per
Amazon.com
Newsletter Postage Fee:

$10.00TOTAL RECEIPTS:$82.00Mar.

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:$80.00$100.00$200.00

TOTAL DISBURSEMENTS:$380.00

NET INFLOW / OUTFLOW:$ (298.00)

ICC CHECKBOOK:
Starting Balance:
CD's Mature:
Cash/Checks in:
Checks Out:Mar.
$ 3,798.48$$ 82.00$ 380.00

Ending Balance:$ 3,500.48

Net Gain or Loss for the Month:$ (298.00)

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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 - ‘Sutter’s Tokens: They Funded the Civil War’ - by Dennis Hasket*Prize sponsor: Michael White

July 17, 2017 - ‘TBA’ - by Paul Vaughn*Prize sponsor: Paul Vaughn

August 21, 2017 - ‘TBA’ - by Andy Nahrwold*Prize sponsor: Andy Nahrwold

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

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.