ThePlanchet
A publication of the Indianapolis Coin Club

The Meetings of the Indianapolis Coin Club are held the fourth Monday of each month at
the Nora Library at 8625 Guilford Avenue in Indianapolis, Indiana. The Meetings consistof a business session, an intermission, educational program, and a numismatic auction.
Doors open at 6:00pm, meeting will begin at 7:00pm.

The next meeting will beMonday,
July 23rd, 2007!

Issue 484
July 2007

ICC Maybe on the Move — What do you think?
I have taken the liberty to go to the Knights of Columbus on 71st street and talked to them about a long term
relationship with our club and hosting our meetings. I emphasized that we are a Non-profit organization andthat we have very little funds. I told them that we collect about $20 to $25 from a 50/50 drawing and that wecould only pay $20.00 a month. I disclosed that we do have a small member only dealer setup and an auction,
but the club makes nothing from it, that it is a benefit of being a member. I told them that we would need theroom from 6:00pm to 9:00pm on the fourth Monday of each month with exception of May and December.
I also told then that I brought it up with the membership at last months meeting and many (10 to 15 people)
stated that they would eat or get something from the bar (by the way their food is pretty good). I also told themthat we normally provide refreshment and that we could stop doing that which would probably send a few people to the bar. I also brought up the fact that in December instead of a meeting we do a banquet and that perhaps they could cater it for us.
Their response was this, they are willing to give it a try for three months to see if there is an increase in theirbusiness in the bar, but if they don't see that it is working for them, then other arrangement would have to bemade and or the rent will go up. I didn't ask to what. They also were concerned about setup and tear down andcleanup and the cost of all that. I told them that we currently do are own setup and tear down and that we do apretty good job of cleaning up after ourselves at the Library. All they would have to do is make sure that wehave the proper number of chairs and tables. That sounded good to them.
So what it really comes down to is we need to use their services to keep our location. They are willing torent us a room on a trial bases for three months to test the waters. After that we would get together with themto see if we are a fit with their operation. This is a risky chance, so I will present it to the membership at thenext meeting, them the board will have to vote on it. Give this some thought and lets talk about it.

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$$$$ “ALWAYS BUYING” $$$$
VINTON G. DOVE

PAYING TOP PRICES FOR ALL U.S. COINS

Certified Public Accountant
Collecting U.S. Coins Since 1952

DON’T SELL WITHOUT GETTING OUR OFFER!!!

LARRY HYLTONBROWNSBURG, IN

ANA, ISNA-LM, CSNS-LM(317) 852-8458

443 Wellington Road
Indianapolis, IN 46260(317) 257-1906
Fax(317) 257-2220

Jim Fuson
Retired Teacher & Coach

R.O.M.A. COIN
Specializing in U.S. RARE COINS

Collector of old U.S. Coins
And old Sports Cards
Also have some coins and cards for sale5795 E. Co. Rd. 350 S., Plainfield, IN 46168
ICC & ANA(317) 839-5178
APPRAISALSBUY AND SELL

PHONE(317) 753-7967

DOUBLE D. KOINSDONALD D. KING SR.
MemberANA CSNS ICC

The 2007 Indianapolis Coin Club
Officers and Board Members
President
Mark Eberhardt
Vice-President
Jim Roehrdanz
Secretary
Vinton Dove
Treasurer
Karl Kreck
EditorMark Eberhardt(fubacoin@aol.com) ph. (317) 837-5682
Past President
Sgt-at-Arms
Board Member 2007-2008
Board Member 2007-2008
Board Member 2007-2008
Board Member 2006-2007
Board Member 2006-2007
Board Member 2006-2007

Vinton Dove
Jim Warden
Dave Reid
Bob Bettcher
James Held
Jim Fuson
Charles AlberOpen

ORVA (ORV) DETRICK
Professional Numismatist

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

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

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

Table of Contents
Club on the Move?? -CoverAdvertisers-

Page 2

Counterfeit Slabs-

Page 3

Spouse Gold Coins-

Page 4

Secretary’s Report -Page 5

Treasurer’s Report -Page 5

Ed. Prog. For July
Classified Ads

The Monthly Planchet, July 2007

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Page 2

Counterfeit Slabs — What Next
The first interesting thing that happened this month actually took place just before thelast meeting but too close to be able to get it into the last newsletter. Nowadays, new collectors are often advised to only buy coins in slabs. That way they would know that thecoins were genuine and accurately graded. (Others opinion, not mine.) Well it has happened again. In 1989 for a short period counterfeit PCGS slabs appeared on the market.
They were quickly discovered and removed from the market. This month counterfeit
ANACS slabs began appearing on eBay from sellers in China. So far they have only used
the small size holders that ANACS is using for problem coins with the blue logo under print
on the front label. So far all the coins seen in these holders have been counterfeit as well,mainly trade dollars.

The Monthly Planchet, July 2007

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First Lady Gold now Available or Not
The first two First Spouse half oz gold coins wereopened for ordering at the US Mint this month. Mintages
were set at 40,000 coins total for each design. Too low. The
entire mintage for both coins sold out in less than threehours. As they have done in the past the mint continued accepting orders for a little while after they sold out, “Just incase there are orders that get cancelled.” Apparently that
was a good move because a lot oforders must have been cancelled.
Ordering for the coins reopened twodays ago, for about twenty minutes.
Another question that was raised was what to do about theearly orders. For some reason the mint site accidentally went
live about ten minutes before noon when it was supposed to andpeople waiting placed orders. At first the mint decided to cancel these orders, which annoyed many people because thesepeople would not be able to reorder because of the sellout. But when discovered that some of the earlyorders had already been shipped, they reversed themselves and reinstated the early orders. Wow what a mess. I have yet to see anyof these gold coins on the secondary market
yet. The bronze First Spouse Metals also soldout in a short period of time and have appeared on the secondary market at just undertwice what Mint was charging. Remember they are keeping themintage of these items very low to help make them collectable.
Good Luck Collecting these items!

The Monthly Planchet, July 2007

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Page 4

Secretary’s Report forJune 25, 2007

Classified Section:
Wanted - Wooden Nickels,
elongated coins, & Mardi
Gras Tokens. Call Charles:
317-856-4553
Oct

Wanted—1909-S IndianHead Cent (Fine or Better)
Call Don at: 317-753-7967
SeptJuly’s Program
Peace Dollars—1921 to 1935
Presenter: Jim Roehrdanz

Indianapolis Coin Club
Treasurer's Report June 2007
Income:Received from 50/50:
Donated items from auction:
Paul Griffin (new member):$ 36.00$ 14.50$ 12.00

Total:$ 62.00

Expenses:
4/ 4/07 New supplies blank checks:
Mark Eberhardt
5/14/07 Newsletter postage:
5/14/07 Newsletter printing:
6/14 Newsletter printing and postage:
6/14 WA-P Quarters:$ 19.95$ 16.81$ 11.13$ 45.27$ 13.50

Total:$ 106.66

May Checkbook Balance $ 2,387.74
June Checkbook Balance $ 2,323.58
I.C.C. CD Balance $ 18,029.00 as of June 1, 2007
Respectfully submitted,Karl Kreck

The meeting was opened
promptly at 7:00pm. There
were 40 people in attendance.
The introduction of Bill Gilletteand Paul Griffin as being ourtwo guests for the evening opened up the meeting.
The Secretary’s Report was read and approved.
Since the Treasurer was out last month, there wasno report.
Old Business- President Eberhardt reminded theclub that members can run a Classified ad in thenewsletter for $1.00 each month or you can have abusiness card size ad run for one year for the cost of$35.00.
New Business- Mark talked about possibly moving the monthly meetings to the K of C on 71stStreet. He asked the people in attendance if theywould be interested in buying dinner or snacks fromthe concession that would be available at that location and there was a good show of hands of peopleinterested. President Eberhardt said he would look
into it further. ICC Member Michael White discussed a coin theft in Indianapolis about a week anda half ago. There was then a brief discussion about
safety and home with your valuables and the factthat some people are not able to enjoy their hobby
fully because most items are kept in the bank oraway from the home. Mark then briefly discussed
that errors have been found on the John Adams Dollars.
The Washington-P Quarters were handed out rightbefore the evening’s excellent numismatic quiz,
which was presented by Bob Julian from theLogansport Coin Club. The true or false questions
were very interesting and raised some questions anddiscussion.
A brief break was taken before the auction forsome shopping and enjoying of the very nice selection of snacks and beverages brought by ICC Member Charles Alber.
The evening’s 50/50 drawing was won by Member Michael White. The lively auction was run byPresident Eberhardt, Karl Kreck, Bob Bettcher, andJim Roehrdanz.
The meeting was adjourned at 8:26pm
Submitted by,
Amy Eberhardt

The Monthly Planchet, July 2007

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