T he P lanchet- I . C. C. APRIL, 2018

Issue#587

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, Apr il 16th, 2018
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.
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APRIL 2018

Issue# 587

A Few Words From Your Pr esident
Thirteen (13) club members indicated at our March meeting that they would beinterested in hiring a bus to attend the Central States show, with a $300.00 subsidy
from Central States, IF a minimum of 20 people participate. Thursday, April 26 would
be the date for this trip. The Lafayette Numismatic Society indicated that they would
have 8 or 9 people interested in participating, and they would be picked up near anI-65 intersection. Quotes received from three different companies ranged from $1,439(plus parking) to $1,650, which would be reduced by $300 via the subsidy. The cost
per person would be from about $59 to approximately $68 with 20 people and fromabout $49 to $56 with 24 people.
Another alternative would be to rent a 15-passenger van on our own, which would bein the range of $400 plus fuel and parking. If fuel was $125, and parking was $25, with
10 people the cost would be about $55 per person and with 15 it would be about $37
per person. These are simply estimates, and the exact cost per person would varysomewhat from those listed.
We will discuss the pros and cons of both of these options at our meeting on Monday.
If you are interested in either option, PLEASE BRING YOUR CHECKBOOK OR HAVECASH ON HAND to the meeting so we can solidify plans if we have enoughparticipants. We need solid commitments for one of these options to work. If we do
not have enough interest, no money will be collected and those wanting to attend canwork things out on their own.
Chris Bower and I gave a coin and paper money presentation to Mrs. Brown's 5thgrade class at Allisonville Elementary on April 11. It seemed to be well received.
Material that was handed out included a blank planchet and cent, a stock certificate,and other information that was provided by the ANA. In addition, we included a world
coin, Indian head cent, and buffalo nickel in their packets. Chris and I challenged all of
the children to write a paragraph describing one of the items in their packet, and ifthey bring it to the next ICC meeting, we will give them a silver coin.
Bring a friend along to tonight's meeting. I look forward to seeing you there!

JimSukup2APRIL 2018

Issue# 587

Please,if youareinterestedintakingabustothe
Central Statesshowreadtheabove.

INDIANAPOLISCOINCLUBEDUCATIONALPROGRAM
This month?s Educational Program will be:'Obscur e For eign Coins'by Paul Gr iffin
Next Month?s Meeting Date & Program:
Monday, May 21st, 2018, at 7 pm.
T. B. A. by Jerry CorazAs hopefully all of our members know, the ICC has a library that is free to use for it's members.
Starting this month I am sending a copy of the current list of available books with each issue. JimSukup 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
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APRIL, 2018

Issue# 587

Japan ese Ban k n ot es
The National Printing Bureau issued the first domestically produced Japanesebanknotes in 1877 and has been responsible for printing the nation?s paper money
ever since. There are currently four denominations of banknotes in circulation:¥10,000, ¥5,000, ¥2,000, and ¥1,000 bills. Each year, the NPB delivers 3 billion bills tothe Bank of Japan. If stacked on top of each other they would tower some 300
kilometers in the sky or approximately 80 times the height of Mount Fuji.
The average lifespan of a ¥10,000 bill is four to five years, while ¥5,000 and ¥1,000bills tend to last for just one or two years. Badly soiled bills are cut up by the BOJand
recycled into toilet paper and other products.
¥10,000
Thinker and educator Fukuzawa Yukichi (1835?1901), who played a leading role in themodernization of Japan, appears on the obverse of the ¥10,000 bill. A student ofWestern learning and English, at the age of 25 he took part in the historic shogunate
delegation to the United States. His American observations were influential on his
future writing and thinking. He is the founder of Kei? University and author of theimportant work Gakumon no susume (trans. An Encouragement of Learning), which
opens, ?Heaven does not create one person above or below another.? The bill?sreverse depicts a statue of the mythological h?? bird, which portends good fortune,
found in the H??d? hall at the ancient By?d?in temple in Uji, Kyoto.

¥5,000The obverse of the ¥5,000 bill features the novelist Higuchi Ichiy? (1872?96), who isremembered for such works as Takekurabe (trans. Growing Up) and Nigorie (trans.
Troubled Waters). She died of tuberculosis at the age of 24. Higuchi is the first woman
whose portrait appears on a BOJbanknote. The bill?s reverse shows a detail from thefolding screens Kakitsubatazu (Irises) by the artist Ogata K?rin (1658?1716).

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APRIL, 2018

Issue# 587¥1,000The obverse of the ¥1,000 bill has a portrait of doctor and bacteriologist Noguchi
Hideyo (1876?1928). Born in Fukushima Prefecture, he traveled to the United States
to conduct bacteriological research. He is known for his study of diseases including
yellow fever and syphilis. While researching yellow fever in Africa, he contracted thedisease and died in the Gold Coast (now Ghana) at the age of 51. The reverse is arendering of Mount Fuji and cherry blossoms at Lake Motosu in Yamanashi
Prefecture.

¥2,000The ¥2,000 bill is relatively rare compared with other denominations, as it is no longer
printed. It was issued in 2000 to commemorate the millennium and the Group ofEight summit held in Okinawa and Ky?sh?. The obverse shows the Shureimon gate at
Shuri Castle in Naha, Okinawa. The bottom right corner of the reverse depicts theauthor Murasaki Shikibu, who lived around 1,000 years before. To the left is a scenefrom her masterpiece, the Tale of Genji.

An t i-Cou n t er f eit in g M easu r es
Preventing counterfeiting is a major issue. The Currency Museum in the Bank of Japanat Nihonbashi, Tokyo, introduces the history of Japanese money from the seventhcentury, displaying many old coins and banknotes. This includes exhibits on advancesin anti-forgery techniques. Feudal domains in the Edo period (1603?1868) alreadyused watermarks on their hansatsu scrip bills issued to cover debts

5APRIL, 2018

Issue# 587

1. Intaglio Printing
One of the most effective anti-counterfeiting technologies for banknotes is intaglio
printing, particularly against copying using printers or scanners. It creates an area ofslightly raised print, which can also be used by visually impaired people to recognize
denominations by touch alone. There are L-shapes on the ¥10,000 bill, octagons on
the ¥5,000 bill, horizontal lines on the ¥1,000 bill, and Japanese braille characters for? (ni)? three circles aligned vertically? on the ¥2,000 bill.
2. Holograms
The ¥10,000 and ¥5,000 bills have holograms with images that change depending on
the angle they are viewed at.
3. Watermarks
The main obverse design appears as a watermark in the center of each bill. The¥1,000, ¥5,000, and ¥10,000 bills also have one, two, and three bars, respectively, onthe right-hand side.
4. Latent images
Tilt, for example, a ¥10,000 bill, and the number ?10,000? can be seen in the bottom
left of the obverse. The reverse side reveals the word ?NIPPON? (Japan) on the rightwhen tilted.
5. Pearl ink
Tilting the bills also reveals a pink pattern in the center of the left and right edges.
6. Microprinting
Tiny letters spelling out ?NIPPON GINKO? (Bank of Japan) are printed on each bill aspart of the woven design.
7. Luminescent ink
If ultraviolet light is shone on the bill, the bank seal on the obverse and part of thepattern becomes luminous.

Editor:To read the complete article and see some interesting accompanying videos go to:https://www.nippon.com/en/features/jg00054/

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APRIL, 2018

Issue# 587
585

M ar ch 19, 2018 - M in u t es of t h e In dian apolis Coin Clu b M eet in g.
Open ? President, Jim Sukup, called the meeting to order at 7:00 PM. 35 people were present. We
met at the Knights of Columbus Hall, 2100 East 71st Street. The door prize was announced as a1965 SMS 40 % Silver Kennedy Half Dollar, graded NGC MS 66, donated by Michael White.
The Secr et ar y ?s r epor t and Tr easu r er ?s r epor t for January and February were approved as
published in the Planchet.
Visit or s ? Our visitor was Ray Meely, who collects ½ cents and large cents.
Com m it t ee r epor t s ? None.
Old Bu sin ess ? Jeff Bercovitz remarked about the cost of cents, which was reported to be about 1.5
cents by the Wall Street Journal on March 19. Some discussion ensued, including opinions statingthat the government?s overhead costs were most of the 1.5 cents.
New Bu sin ess ? There was a discussion about having a Dealers Night at the November meeting
and rotating the speaker for the State of the Hobby talk. Nothing was voted on. There was a reportof a new coin dealer located at 116th street and Allisonville Road. Kills! Boling?s kill was a series 541
military payment certificate dime, obtained in change in 1958 at the Green Wave Cafe on Itazuke Air
Base, Japan. The note was miscut, so that a portion of the next note down on the sheet was still
attached to the whole note (the bottom cut was at an angle). David Mason acquired a $1,000 bill
and an 1840 replica. And Gary Conner bought a bible from Goodwill and found a $20 bill inside. ThePresident asked who would be interested in hiring a bus to go to the Central States Show in April 26? 28 in Schaumburg, Illinois. There was a moderate response. Jim then mentioned that severalmembers show up early to eat dinner or just a snack in the restaurant area as early as 5 PM before
the monthly meetings, and invited everyone to join us.
Th e Edu cat ion al Pr ogr am ??The Program was ?Mexican Silver Libertads, The Treasure Coin ofMexico? by our Past President, Michael White. Michael has spent a great deal of time collecting andstudying those coins. (They certainly are beautiful.) The first design was from 1982 ? 1995. The
second was 1996 ? today. One side of the coin of the current design has an eagle holding a snake inits beak and ten Coat of Arms surrounding the eagle. He continued with many details of Mexican
coinage, and had many examples of the coins. His prize was a ?Detached Wing? Libertad in Proof.
There have only been three graded by the major grading agencies at the time of the program. Hisenthusiasm on the subject made the talk even more interesting, and it was enjoyed by all.
After the Br eak , the At t en dan ce Dr aw in g (Door Pr ize) and the 50/ 50 Dr aw in g were held.
Au ct ion ?Joe Boling ran the auction. There were about 75 lots. Assisting were Sharon Bower, DonnWray, Steve Howery, Jim Sukup and Vinton Dove.
The meeting was Adjou r n ed at 9:00 PM.
Respectfully submitted,Vinton Dove, Secretary7

March 2018 Auction Lotsfor 3/19/2018Description

Grade

Additional Notes

Starting Price

1878 Seated Liberty Quarter

3.00

1941D Walking Liberty Half

6.00

1942 Walking Liberty Half

6.00

1964D Roosevelt Dime

1.50

1890 "V" Nickel"W" on obverse

1.00

Alaska Tokens Book

by Ronald Bernice

5.00

Colorado Merchant Tokens Book

Supplement No.1

4.00

Iowa Trade Tokens Book

by Lewis K. Fergusen

4.00

Cat. of Oklahoma Trade Tokens

by Lloyd C. Walker

4.00

Campbell's Tokens of Utah Book

by Harry F. Campbell

4.001904 Barber Quarter

3.00

1956 Roosevelt Dime

1.50

1959D Roosevelt Dime

1.50

1962D Roosevelt Dime1.50

1964D Roosevelt Dime

1.50

Currency Album 3" x 6.5"

2.00

Currency Album 3" x 6.5"

2.00

Currency Album 3.5" x 8"

2.00

Bronze Medal Shuttle Atlantis

Wolf 1997

3.00

Bronze Medal Shuttle Columbia

1993

3.00

1942S Mercury Dime

1.50

1943S Mercury Dime

1.50

1944 Mercury Dime

1.50

1903 Barber Dime

1.50

1945 Lincoln Cent

MS60

1.50

1940 Lincoln Cent

1.00

1942D Lincoln Cent

1.00

1949 Lincoln Cent

1.00
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March 2018 Auction Lotsfor 3/19/2018
Description

Grade

Additional Notes

Starting Price

1955D Lincoln Cent

1.00

1958D Lincoln Cent

1.00

1991 Prestige Proof Set

1.00

1993 Prestige Proof Set

1.00

1994 Prestige Proof Set

1.00

Other Prestige sets

1.00

Of course this is just a small sampling of the lots that will be available at the meeting.
Any active member is able to submit lots for the auction. Bring them the night of themeeting. If you want them to be advertised in the Planchet simply email a list of items
to the editor. plancheteditor@gmail.com

Any listed grades are the opinion of the current owner and not the Indianapolis Coin
Club. Please inspect all lots before bidding to determine value. When possible we will
list if a coin is in a third party grading companies holder.

9APRIL, 2018

Issue# 587
585

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.

Trivia:How many different mintmarks have been usedon U.S. coinage?
Answer is at the bottom of the treasurer 's report.

10APRIL, 2018

Issue# 587

In dian apolis Coin Clu b
2018 M eet in g Dat es & Edu cat ion al Pr ogr am sJanuary 15, 2018 - ?Military Challenge Coins?- by Sharon Bower* Prize sponsor: Chris Bower
February 19, 2018 - ?Coins are Where You Find Them ? - by Jim Sukup* Prize sponsor: Jim Sukup
March 19, 2018 - ?Mexican Silver Libertads, Treasure Coin of Mexico?- by Michael White* Prize sponsor: Michael WhiteApril 16, 2018 - 'Obscure Foreign Coins' - by Paul Griffin* Prize sponsor: Paul Griffin
May 21, 2018 - 'Von NotHaus Liberty Dollars' - by Gerald Coraz* Prize sponsor: Gerald Coraz
June 18, 2018 - T. B. A. - by Donn Wray
* Prize sponsor: Donn Wray
July 16, 2018 - T. B. A. - by Paul Vaughn* Prize sponsor: T. B. A.
August 20, 2018 - 'Banknotes at Twenty Power ' - by Joseph E. Boling* Prize sponsor: Joseph E. Boling
September 17, 2018 - Exhibit Night* Prize sponsor: I. C. C.
October 15, 2018 -T. B. A. - by Harvey Warner* Prize sponsor: T. B. A.
November 11, 2018 - ?Annual State of the Hobby Address?-by Mark Eberhardt* Prize sponsor: Mark Eberhardt
Tuesday, December 4, 2018 ? NO MEETING - I.C.C. Holiday Banquet* For 2018 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 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 date above. You'll just have to show up to see what you maywin!
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 werespect 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.

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APRIL 2018

Issue# 587

Tr easu r er ?s Repor t 2018
RECEIPTS:
Dues - Regular @ $20.00 ea.
Dues - Junior @ $5.00 ea.
Advertising - Planchet @ $35.00 ea.
Advertising - Special Edition
Fifty/Fifty Drawing:
Donations / Auction Lot Sales:
ICC Library Book Sold (est):Auction Lots Sheets @ $1.00 per Sheet:
Newsletter Postage Fee:

M ar ch$160.00

Sale of Medals
TOTAL RECEIPTS:$5.00$236.00DISBURSEMENTS:
Dues - ANA:
Insurance - Liability:
Insurance - Treasurer 's Bond:
Mail Box Rental:
Secretary/Treasurer - Postage:
K of C Meeting Room Rent:
Exhibitors Nights Prizes:
Library Purchases:
Website MaintenanceNewsletter:- Printing/Supplies:- Postage:

M ar chTOTAL DISBURSEMENTS:$100.00

NET INFLOW / OUTFLOW:$136.00

ICC CHECKBOOK:
Balance:M ar ch$4322.28

CD Investments:$55.00$16.00$100.00

Matures

Rate

Value at Maturity

5/14/2018

1.241

6,519.78

9/15/2019

1.98

15,461.75
21,981.53

Trivia Answer: Eight; P, D, S, O, CC, W, C* , and D* (* gold issues only; from Red Book)
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APRIL 2018

Issue# 587

Th e 2018 In dian apolis Coin Clu b
Of f icer s an d Boar d M em ber s:President
Jim Sukup
Vice-President
Steve Howery
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 2018-2019Paul Vaughn
Board Member 2018-2019
Jim Roehrdanz
Board Member 2017-2018
Donn Wray
Board Member 2017-2018
Jeff Bercovitz
Board Member 2017-2018
Andy Nahrwold

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APRIL, 2018

Issue# 587$$$$ ?ALWAYS BUYING? $$$$

VINTON DOVE

PAYING TOP PRICES FOR ALL
U.S. COINSBusiness Consultant
Collecting U.S. Coins Since 1952

DON?T SELL WITHOUT GETTING OUR OFFER!!!

Home (317) 257-1906
Cell (317) 910-4205

LARRY HYLTONBROWNSBURG, IN
ANA, ISNA-LM, CSNS-LM(317) 852-8458

Edit or ?s Not e:
The views expressed in any article are solely those of the author and do
not represent the views of the ICC, nor does the ICC endorse anyadvertiser.

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!

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APRIL, 2018

Issue# 587

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