Indianapolis Coin Club May

2002

A.N.A. C-131170 - C.S.N.S L-600 - I.S.N.A. LM 243
Mailing Address: P.O. Box 30103, Indianapolis, IN 46230 Fax: 257-2220

There is some bad news
to report this month for
the Indianapolis Coin
Club. We will no longer beable to meet at the Library Services Center, effective July 1. The LibraryServices Center will be
converting the meetingrooms to office space,
and will no longer be of-fering this service. This
leaves us with quite a dilemma - namely, locatinga suitable replacement,
central to the Indianapolis area, if at all possible.
Since the Library Services
Center does not require
us to pay for our meeting
space, we will need tolook for either a no-cost,or low-cost alternative. If
any members have anysuggestions regarding a
new meeting place, pleasecontact one of the officers
or board of directors tomake your idea known.
Consider a church or otherclub or fellowship to which
you may belong, and ask
around. Time is running
out.

Louisiana Quarter to be Released May 20

wishes to become a member of the club. Adult annual dues are $12.00 per year, junior membership dues are $5.00 per year.

programs of an educational nature are held for the benefit of our membership and the general public. All meetings are open to the public and there is no charge for attendance unless a person

The Indianapolis Coin Club is a non-profit, educational organization founded in 1939 for the purpose of educating people of all ages in the greater Indianapolis community about the coins theypresently own or may wish to collect. We hold eleven monthly meetings each year (presently at the Marion County Library Service Center at 24th and Meridian Streets) during which various

THE MONTHLY PLANCHETICC Searching for New Meeting PlaceTwo-roll sets and 100coin and 1,000-coin bagsof 2002-P and 2002-D
Louisiana quarter dollars
went on sale from theUnited States Mint beginning at noon May 20.
They will be available forpurchase the entire 10week production period
for the coin.
The 50 State Quarters

collectibles featuring theLouisiana quarter dollar,
including spoons, jewelry
and other gift items, are to
be offered beginning May
30.

and in bags of 100 and
1,000 coins from each
Mint, for $35.50 and $300
per bag, respectively.

The Louisiana quarter dollar is the third of the five
The Louisiana quarter dol- State quarters to be islars are available in two- sued during calendar yearroll sets (40 coins per roll), 2002.
comprising one Philadelphia and one Denver Mint Louisiana joined the Unionroll each, for $32 per set,- continued on page 2

Our next meetings are scheduled for TUESDAY, May 28, and TUESDAY, June 25, at 7:00
PM at the Library Services Center, 24th and Meridian Sts., Indianapolis (enter parking
lot from 24th St.).
Officers:
President: Jim Luckey
Vice President: Mike Suit
Secretary: Allen Dove
Treasurer: John Phillips
Sergeant-at-Arms: Jim Warden
Past President: Vinton Dove
Editor/Webmaster: Gail Phillips

Directors:
Karl Kreck
Lawrence Wisthoff
Donald BlackCoz Raimondi
Jim Roehrdanz

InsideThis
Issue:
President’s Report2
Secretary’s Report5
Treasurer’s Report
2
Puzzle Page
3
Kid’s Page
6
Other News
2,4,5,7

Visit our website at: http://www.indianapoliscoinclub.org
1

From Our
President
The April meeting was a great success. The auction was so good thatthe members want to have anotherat our October meeting. Thanks toDave Reid, Cos Raimondi, and Karl
Kreck for doing such a good job.
There were many coins put up for
bidding and only a couple that went
back to their original owners. The
juniors really enjoyed the bidding andhelped grandparents spend somemoney. They also learned how an
auction works. Dr. Gerth was the only
one who placed a coin week display
at the Southside library. Several
members volunteered to place displays for coin week in 2003. We aresearching for a new meeting facility, since the Library Services Center building will no longer be available to us, starting in July. If anyone
can offer suggestions, please informone of the officers or board members. We're looking for a no-expense
facility first and considering a facility that would have to charge us rent
as a last resort.
- President Jim- continued from page 1

on April 30, 1812, becoming the 18thstate.
The Louisiana quarter dollar’s reverse
design honors the Louisiana Purchase,
which President Thomas Jefferson acquired for $15 million from Napoleon
Bonaparte in 1803. Eventually, 13 newstates would be carved out of the territory, which nearly doubled the young
nation’s size, making it one of the largest countries in the world.

Treasurer’s Report
May 2002

INCOMEDues
50/50 Drawing
AuctionDonations
Total Income$ 24.00
20.00
16.00
129.00$189.00

EXPENDITURES
Newsletter
Printing
Postage
Total Expenses$17.5420.40$37.94Net Income$151.06

Balance in Checking - May 1, 2002 - $3080.84

COIN SHOWINCOME
TablesRaffleTotal Income$965.00
396.00$1361.00

EXPENDITURES
Room
Refreshments
Security
Raffle Tickets
Printing
Advertising
Supplies$682.00
63.34
100.00100.00151.12
40.00
33.68

Total Expenses$1170.14

Net Income$190.86- continued on page 52

W+
Now that I have graduated, I have a bit
more time on my hands, but not much!
However, I have enough to return tobaking cookies for the monthly puzzle
prize! So, this month’s winner will geta dozen chocolate chip cookies! Solvethe puzzle, and answer the question.
Good Luck!

& W+
-f+h

3-re

Coin World Trivia :1. For what reason did Congressaward a gold medal to Joseph
Francis in 1888?
2. What is the highest priced U.S.
numismatic item sold at auction
through 1984?

-D

3. What was the salary of the Mint
Director as established by the Act ofApril 2, 1792?
4. On a modern Federal Reserve“star” note, where does the starappear?

?

(answers elsewhere in this issue)?

April Puzzle Solution

Buy the book before
the coin!

Last month’s puzzle
winner was Vinton
Dove. There was only
one other correct entry,
and that was Allen
Dove! Good job, guys!

3

GEORGE CRUIKSHANK

by Thomas LaMarre

But the satirical note was morethan just a money-maker. It
In 19th-century England, sparked public outrage over thecounterfeiters faced death . . . hangings, and resulted in theuntil a rebellious artist cheated elimination of the death penalty
the hangman with an imitation for minor offenses.
bank note.
Cruikshank later boasted that
It was in 1792 that George his “bank note not to be imiCruikshank was born. He had tated” had saved thousands oflittle education, and no formal men and women from being
art training. But, by the time he hanged. Cruikshank became fawas twenty, he was working as mous for his social and politicala political cartoonist, taking jabs cartoons, and eventually estabat everyone from Napoleon to lished his own magazine. But heKing George.
always regarded the “bank restriction note” as the “greatest
On a fateful day in 1818, event” of his artistic life.
Cruikshank was walking homewhen he saw several women“Money Talks” is produced and unhanging from the gallows across derwritten by the American Numisfrom Newgate Prison. Their matic Association, in Colorado Springs,
crime? Passing counterfeit one America’s coin club for over a century.
For information about educational
pound Bank of England notes. seminars on coin collecting and gradCruikshank was horrified. As
soon as he arrived home, hesketched a caricature that hecalled a “bank restriction note .
. . not to be imitated.” At firstglance, it resembled a Bank ofEngland note. But if you looked
closer, you’d see that it pictured
an execution site, and the symbolic figure of Britannia devouring her children. In the background were ships transporting“luckier” lawbreakers to Australia.
Cruikshank’s publisher displayed the “bank restrictionnote” in his shop window. The
crowds that gathered there
were so large that the mayor
had to send soldiers to clear thestreet. Cruikshank sat up allnight etching the design onto a
printing plate, and his publisher
made more than 700 pounds
selling copies of the imitationbank note.

ing, call 1-800-367- 9723 and request
a brochure. This article reprinted withthe expressed and written consent of
the ANA.

The Cruikshank note, alongwith other outstanding items
from the Pennell donation,
are on display at the ANA
Money Museum in Colorado
Springs, Colorado, USA.

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Controversial Note
Effects Social Reform
The Numismatist, July 1985
By Robert W. Hoge, Former Curator,
ANA Money Museum

Easily the world's most socially-significant, satirical fantasy in the field of paper moneyis the "Bank Restriction Note"
designed and engraved by
George Cruikshank (17921878), the great 19th-century
British illustrator. Two examplesof this rare document were included in a donation to the ANA
Museum by J. Roy Pennell, Jr.
The notes were accompanied by
Cruikshank's original sketch,from which the bank notes wereengraved, and an example of aforged Bank of England onepound note dated 1818 - the- continued on page 5
Cruikshank's original penand-ink sketch for the controversial "Bank Restriction
Note," prepared after hewitnessed persons being
hanged for passing forgedBank of England notes.

Secretary’s
Report
ICC Meeting Minutes
for 4/23/02
The meeting was called to order by our president, Jim
Luckey. The total attendance
was 30.
The Secretary’s report wasread. The Treasurer’s report
was read.
Jim announced that as of July
1 s t, we no longer will be able
to meet at the Library Service
Center. He had some suggestions for possible meeting
places and asked the members
for other suggestions.
Vinton Dove, past-president,
stated that we were unable toget any new quarters so weshould have some next monthotherwise we could get newdimes or nickels.
The junior auction took placefollowed by the 50/50 drawing(Dale Cook was the winner)and finally the adult auction.
Gail Phillips, Newsletter Editor,
announced that the winner inthe crossword puzzle challenge
was Vinton Dove. There wasonly one other correct entry.
- Allen Dove- continued from page 4

root of the cause celebrethat Cruikshank and his reform-minded publisher, William Hone, brought before
the public.
The issue involved GreatBritain's policy of hanging
persons caught passing
counterfeit notes, and was
described by Cruikshankhimself in 1818 in the
Gloucester Chronicle. At thetime, Bank of England notes
were notoriously easy tocounterfeit, yet the institution showed no interest inaltering this state of affairs,
even though men andwomen were routinely
hanged (or in more fortunate cases, sentenced to live
out the remainder of theirlives in Australia) simply for
unwittingly passing forgedbills.
A contemporary newspaper account in George
Cruikshank's own words describes the circumstancesand effect of his "Bank Restriction Note." The illustrator regarded this victory as
the most satisfying of his career.
The Cruikshank note bitterly indicted this practicethrough its gruesome imag-

specially designed United States
The coin’s reverse design also Mint paper coin wrap thatfeatures a pelican, the state bird prominently displays the 50of the “Sportsman’s Paradise”, State Quarters program logo, a
and a horn as a tribute to the “P” or “D” representing the roll’s
Mint of origin, “LA” designatingstate’s heritage of jazz music.
the state of Louisiana, and “$10”Each coin roll is wrapped in a representing its dollar value.
- continued from page 2

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ery and blunt wording, holding
the Bank of England - and the
judicial murders it appeared tosanction - up to public scorn. His
satiric note showed 11 corpses
suspended from a scaffold labeled BANK POST, with thewords PROMISE TO PERFORM,
and the signature "J. Ketch"(Jack Ketch, the proverbial
hangman) representing the
Bank of England. It also featured
a vignette of Britannia devouring a child, surrounded by bodies in the throes of death; in the
background were four ships flying banners labeled "transport."
The traditional abbreviation for
pounds sterling, a cursive capital "L," was rendered as ahangman's noose, and in placeof a printed numerical value appeared small, distorted faces of
the condemned.

A counterfeit Bank of England onepound note, dated 1818. At thetime, a person caught passing sucha note might have been hanged,
even though the crude genuine
notes and their bogus counterparts
were virtually indistinguishable.

Each bag is marked with theMint of origin and the dollar
value of its contents ($25 or$250).
There are no order limits onthese products.
- continued on page 7

Louisiana Quarter

Deposit these Fun Facts inyour memory bank:Why is Queen Isabella famous to
Numismatists? In 1893, Queen
Isabella of Spain became the firstwoman to be featured on a U.S.
Commemorative coin. She wasalso the first REAL woman to befeatured on ANY coin produced by
the Mint -- regular issue or commemorative.
They swore it was gold. The donation of $508,316 in gold, fromthe estate of English scientist
James Smithson, was examinedin the Philadelphia Mint before
being used to create theSmithsonian Institution. Today,
the Smithsonian Institution is thelargest museum complex in theword, and includes many worldrenowned museums in the
Nation's Capital, Washington, DC- all free of charge to visit!
Which Revolutionary War hero
also helped make coins? Besides
being quite the skilled horseman
and informant, Paul Revere was asilversmith and a contributor to
our nation's coinage. Revere's
metals company once supplied theMint with rolled copper for the
production of early cents.

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BAYOU
CAJUN
CRAWFISH
FRENCH QUARTER
GUMBO
JAMBALAYAJAZZLOUISIANA
MARDI GRAS
PELICAN
PURCHASE
STEAMBOATZYDECOWe almost 'bet dollars to doughnuts!' The Mint once considered producing doughnut-shaped coins. Obviously, thisidea was viewed as being half-baked.
Better than a puppy? President Teddy Roosevelt said thatthe redesign of American coins was his "pet baby." Heeven personally commissioned the world-renowned sculptor Augustus Saint-Gaudens to create new designs.
$10 billion goes a long way. If you were lucky enough tohave 10 billion $1 Sacagawea golden dollars and you spent
one every second of every day, guess how long they would
last? In exactly 317 years, you would go broke!

6

Upcoming Coin Shows:May 25-26, South Bend - Coin and Currency Show. Comfort Suites, 52939 State Road 933 N.
Sat. 10-5, Sun. 10-3. Dave’s Collectibles, Dave Brody, P O Box 724, South Bend, IN 46624.
219-272-9198. 12-15 tables. Free admission.
June 28-30, Rosemont, IL (near Chicago) - 21st Annual MidAmerica Coin Expo. Donald E.
Stephens Convention Center, 5555 North River Road. Fri. & Sat. 10-6, Sun. 10-1. Kevin Foley, P
O Box 573, Milwaukee, WI 53201. 414-421-3498, fax 414-423-0343. 150 tables. $5 admission.
July 31-August 4, New York, NY - New York Mariott Marquis Hotel, 1535 Broadway. ANA
111th Anniversary Convention, “World’s Fair of Money”. Contact ANA Convention Department, http://www.money.org. Auction by Superior Galleries, Beverly Hills, 800-421-0754.
Coin World Trivia Answers: 1. Francis had invented a means of saving victims of shipwrecks from theshore. 2. The Brasher doubloon. 3. $2,000.00. 4. At the end of the serial number.

Marcus A Turner317-272-7450
fax: 317-272-1887

maturner@indy.rr.com
Buying: U.S. Military Payment Certificates,
Allied Military Currency, Prisoner of War Camp
Money, Concentration Camp/Ghetto Money, War
Bonds, WWII Axis and Allied Issues, WWII Local
Emergency Issues, Philippine Guerrilla Money, Pay
Books, WWII Lottery Tickets, Thai & Korean
MPC Coupons, WWII Occupational Issues
Military Payment Certificates Pages
http://members.xoom.com/maturner/main.htm

This month’s educational program will be presented courtesy of the ANA . We will
have a videotape about Augustus St. Gaudens.
Don’t miss it!
6468).
Customers may participate ina subscription-ordering program where specific products,
such as quarter dollar bags
and rolls, are charged andshipped to the customer automatically as each new State
Quarter is released. A shipCustomers can purchase the Loui- ping and handling fee of $3.95
Other items showcasing the siana quarter dollar bags and rolls per order will be added to all
Louisiana quarter dollar include and Louisiana quarter collectibles orders.
a black leather fob and key ring, by using the Mint’s Web site at Reprinted from the May
a Louisiana quarter dollar ster- http://www.usmint.gov or by 27,2002 issue of Coin World.
ling silver bookmark, a nickel- calling (800) USA-MINT (872- continued from page 5

The Mint’s 2002 Louisiana
collector’s spoon is to become
available May 30. The spoon
bears the Louisiana quarter dollar mounted at the top of thehandle and LOUISIANA spelled
out in block lettering down the
4-1/2 inch stem.

plated Louisiana golf divot tool,
and a Louisiana quarter dollar
pendant and sterling silver rope
chain. Wristwatches and deskclocks featuring the Louisiana
quarter dollar will be available
later this summer, according to theMint.

7