July
2001

Indianapolis Coin Club
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

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 thecoins they presently 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 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 wishes to become a member of the club. Adult annual dues are $10.00 per year, junior membership dues are $5.00 per year.

THE MONTHLY PLANCHET

Summer Social Rescheduled; See You on July 21
As you read last month, theSummer Social was cancelled
for June 10th, due to lack ofinterested participants. June
10th was not a good choice,partly because it was a Sunday, but, probably most of all,because it was SECOND Sunday. The Summer Social has
been rescheduled for July 21,
which is a Saturday. At ourJune meeting, we had another sign-up sheet out for
the Social, and had more interested parties. Therefore,
we will be going ahead with
our plans to get together for
our annual picnic. Onceagain, it will be at Jim Hummel Park, in Plainfield, Indiana, from 11:00 AM until
4:00 PM. The club will supply the main meat dish, softdrinks, and ice. If you plan
to attend, and you weren’t at
the June meeting, pleasebring a dish to share. If yourlast name begins with any
letter from A-M, please bringsome type of salad, and if it

begins with N-Z, a dessert. Also, please call Gail Phillips
at 783-5963, or email the club mailbox(Indianapolis_Coin_Club@att.net) before July 14 totell her you are coming, and how many guests you
will be bringing, so that she can plan accordingly whenpurchasing food and drinks. Families are invited. There
will be recreational activities available. See you there!

Directions on Page 7

Our next meetings are scheduled for TUESDAY, July 24, and Monday,
August 27, at 7:00 PM at the Library Services Center, 24th andMeridian Sts., Indianapolis (enter parking lot from 24th St.).
Officers:
President: Vinton Dove
Vice President: Jim Luckey
Secretary: Allen Dove
Treasurer: John Phillips
Sergeant-at-Arms: Jim Warden
Past President: Robert Ware
Editor/Webmaster: Gail Phillips

Directors:
Lawrence
Wisthoff
Donald Black
Michael Suit
Coz Raimondi
Jim Roehrdanz

I n s i de

T his

I ss u e:

President’s Report
Secretary’s Report
Treasurer’s Report
Puzzle Page
Kid’s Page
Other News

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Visit our website at: www.indianapoliscoinclub.org
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From Our
President
Summer is upon us, and thecoin shows are available to us, but
the most exciting thing going on
this summer is Exhibitor’s Night at
our own club meeting, TUESDAY(!),
July 24, 7:00 P.M. That is the night
when the ICC members bringsomething from their own collection to show to their fellow members. Past President and Life Member, Jim Goaziou will be in chargeof the exhibits. There will also be
prizes awarded for those who havethe best exhibitions.
This event is rivaled in importance by the ICC Summer Social(Picnic) on Saturday, July 21, 11
A.M. to 4 P.M.
There will be no featured
speaker at our meeting, this month,since the exhibits will take up mostof our meeting time. See you at themeeting!

Treasurer’s Report
June 2001

INCOME
Donation to Junior Program$100.00
Interest from CD
446.77Dues
35.00
Adv. Payment 2002 Coin Show
60.00
Total Income$641.77____________________________________
EXPENDITURES
Newsletter
Postage
Insurance
Refreshments
Total Expenses$ 18.389.55
300.0039.17$367.10Net Income$274.67

Balance in Checking 7/1/01$4217.27-Vinton Dove

Secretary’s
Report
ICC Meeting Minutes for 6/25/01
The meeting was called to order by ourpresident, Vinton Dove. The Secretary’s
and Treasurer’s reports were read.
Visitors were welcomed as they introduced themselves. John Sementa gavesuggestions as to who might have thearchival material.

The summer social has been rescheduled for July 21.
Vinton listed the dates for the next five coin shows. He
also reminded people to pay their dues. Jim Luckey discussed the progress of the Youth Program.
Vinton read the “Numismatic News” Grading Tip of the
Week - How to Handle Coins. 2000-D Nickels were distributed by two junior members.
John Phillips was the featured speaker for the month andhis topic was grading coins. He had an excellent slidepresentation.
Gail presented the winner of the crossword puzzle challenge, Dr. Gerth, with his brownies. There were four
correct entries. Vinton reiterated the calendar for July.

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During this month,
we celebrate our freedom.
We should also remember those
who are not so free. This month’s
puzzle theme involves Native
Americans on our coins. Clues weretaken from throughout the2001 Red Book. Happy
Hunting!

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C o i n W o r l d T r i v i a:
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1. Flickers, clacks, sunflowers,
white horses and chinkytim areslang for what exonumia items?

ACROSS
2 Item Indian is holding on two types of MA
coppers
5 CA small denomination gold piece shape
6 Figure in disguise as Indian
8 Alternate location to find native American
chief (James Cook commem.)
10 Sacagawea’s destination
11 Slang name for pre-1866 small cents
12 _____ of 1836, AR Centennial commem.
DOWN
1 Reverse of “LOCO FOCO” Hard times token, ora type of candy
2 Item over shoulder of L.G. Fraser’s Indian
3 Word under Indian and Frontiersman, MO
Centennial
4 Chief _________, pictured with Daniel Boone
7 Number of models for Buffalo type nickel
obverse9 Process used to impart design on some IndianHead gold pieces

2. William H. Seward appears
on what U.S. paper money?
3. Who was the ninth U.S. mint
director?
(answers appear elsewhere inthis issue)June Puzzle Solution

The crossword puzzle winner for June was Doc
Gerth. He received a plate of brownies for his efforts. We had four correct entries, including Allen
Dove, Michael Suit, and Vinton Dove. Better lucknext time, guys!

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CornerJohn Maag’s
The Background of the Susan
B. Anthony Dollar Coin
The Anthony dollar was
originally the most spectacular
failure in the history of UnitedStates coinage, but after a hiatus
of eighteen years, there was a
short-lived revival of the coin in
1999, as a prelude to the introduction of the Sacagawea dollar
in 2000. The Anthony dollar had
not been issued as a circulatingcoin since 1980, the 1981 issues
being only in proof and mint sets.
Prior to that time, the history of
the coin was similar to the shortlived twenty-cent piece of the1875-1878 era, that coin having
been created primarily on thebehalf of western silver mining
interests. However, there’s astrange parallel to the history of
the two coins - both originally
failed due to their similarity insize and color to the quarter dollar coins circulating simultaneously, and in the case of thetwenty-cent piece, the same obverse design as the then-circulating Seated Liberty quarter.
However, unlike the Anthonycoin, the twenty-cent piece nevercame back for an encore.
The original genesis of the
Anthony dollar, which wasn’t
even going to be an Anthony coinat the time, was the result of studies conducted by the Triangle
Research Institute of North Carolina. They were working on thethesis that a new dollar coinwould decrease the number ofdollar bills in circulation and be
more cost effective, as the average life of a dollar bill is eighteen months, while that of a coinwould be twenty years. Of
course, the cost of the dollar coinwould be small, as it would be of
the same clad composition of all
U.S. coins above the nickel denomination. The then-current
Eisenhower dollar coin, which
had been issued in both silver
versions for collectors, and incupro-nickel for circulation, had
never achieved much success asa circulating coin. The main reason was that, after thirty-six years
of no dollar coins being issued(since the last Peace dollar), thepublic found the coin’s large size
to be an inconvenience. The main
circulation use for Eisenhower
dollars was primarily in Nevada
casinos, where they had replaced
both long-vanished Morgan andPeace dollars, and privately issued tokens. Although the coin
didn’t circulate much, it neveraroused the animosity it’s successor did. Bearing the portrait of a
popular WWII leader and president, it was well-liked as a souvenir and commemorative issue.
As the seventies camenearer to an end, the proposed
smaller dollar coin started assuming a definite form. Mint engraver Frank Gasparro had designed a prototype, whose obverse bore a Liberty head design
inspired by the Libertas Americana medal of the Parisian mintof the 18th century. It was somewhat similar to the early half-centand large cent issues of the “Liberty Cap” variety. The reverse of
the proposed coin had the themeof an eagle in flight, surrounded4

by stars, a theme that had foundit’s fullest expression of the pattern since Gobrecht dollars of
the 1830s and the Saint Gaudens
twenty dollar gold coin of 19071933. This design was neverimplemented, due to the activityof the Women’s Movement at thattime in history.
Feminists made their views
known that a real woman from
American history should be on
any new coin instead of the allegorical Liberty head, since thishad never been the case previously in the history of circulating
U.S. coinage. They had earlier
failed in their attempt to have
Susan B. Anthony placed on thetwo-dollar bill, which had beenreissued in 1976 for the Bicentennial. They understandably decided to drop that campaign,
when historical research revealed that the use of two-dollar
bills during Anthony’s lifetime
had been primarily for such unsavory activities as vote-buying
and bordello visits.
President Jimmy Carter decided to honor this pioneer ofwomen’s rights, and several
members of the Congress supported his decision. Frank
Gasparro designed both the obverse and reverse of the Anthony
dollar, using a smaller version of
the reverse of the original
Eisenhower dollar.
Preliminary
designsaroused objections from
Anthony’s descendants, whostated that the portrait of theirancestor was “too pretty”, andthat it was just Liberty in
Anthony’s guise. The final design
captured her likeness more accurately, depicting her as she
was, looking determined andcontinued on page 5

continued from page 4strong. Facial beauty wasn’t a requirement to possess the qualities of leadership and progressive thinking, and those were thereasons that Susan B. Anthony
was chosen to be the subject of
this coin, not her physical attractiveness.
However, since mainstream
America’s perceptions change
slowly, the Anthony dollar received many negative comments
regarding Ms. Anthony’s looks.
That fact alone would not havebeen enough to cause the coin’s
original failure. There were several other reasons as well.
The final preparations for
actual striking of the coin began
in early 1979, and soon the mint
began producing them. With
uncharacteristic optimism, mint
officials and government decided that, in order to avoid ashortage of the coins, they would
have a huge backlog ready by
the time that they were officiallyreleased in July, 1979. Mint officials believed that the coin would
achieve the same kind of popularity as the Kennedy half-dollar
did in 1964 when it was released,
never dreaming that it would receive the opposite reaction. The
scheduled release actually waspreceded by a minor scandal
when a bank official in Detroit
released a few bags early to acoin dealer. The scheduled release of the new coin was surrounded with the usual hoopla,
but had some additional attention, due to some feminists protesting at Anthony’s home, carrying signs worded to the effect“Women Won’t Be Satisfied With
Tokenism”, referring to the delay in states’ ratification of theEqual Rights Amendment. Afterthe initial curiosity of the public
had settled down, the generalconsensus regarding the Anthony dollar was negative. The
main reason was that, despite all
the research done by the North
Carolina team, they had neversurveyed the public about how
they would feel about the newcoin, or determined the degreeof its acceptance.
The primary objection to thecoin was, at the time, vending
machines had not been fitted toaccept the coin and it WAS toomuch like the quarter in size andappearance. As the quarter was
already widely used, the confusion was just too great. Althoughsome attempt had been made todifferentiate the coin, such as
having a twelve-sided rim, thiswasn’t noticeable enough to thegeneral public, much like thesimilarity of the twenty-centpiece of the 1870s. Many stores
started posting signs stating “Anthony Dollars Not Accepted
Here”, because they didn’t want
the headache of dealing with thecoin, and cash registers didn’t
have an extra space for the coin(they still don’t). Most retailers
utilize that space for spare rolled
coin. Since the Anthony dollar
was legal tender, retailers could
not legally refuse the coin, but
the public didn’t press the issue,
as they weren’t anxious to circulate it, either. Even casinos didn’t
want the Anthony dollar coins,since quarter-sized coins didn’t
have the same effect coming out
of a slot machine that the standard-sized
silverandEisenhower dollars did. Eventually, as the Eisenhower dollars
began to disappear as the government made a determined ef5

fort to withdraw them from circulation, casinos went back to issuing the privately-minted dollar tokens that were redeemableonly on the premises of the issuing casino.
There were some attempts
to force the Anthony dollar to circulate, such as paying military
personnel overseas with
Anthonys and two-dollar bills as
well. However, this caused a furor, as banks overseas discounted coins, as opposed todollar bills, when servicemen
attempted to exchange them forforeign currency.
Proposed changes to the
Anthony coin included changing
the metal composition to a goldor copper colored version, anidea that came to fruition in the2000 Sacagawea dollar, as well asa redesign of the reverse to showa large numeral ‘1’ . After 1980,
the coin wasn’t issued for circulation. In 1981, it was issued inproof and in mint sets only, andby 1982, had disappeared fromthe proof set, having a copper
treasury token in its place. At thattime, however, the government
decided not to destroy the coinsthat they had on hand as had happened in the past with suchfailed issues as Trade dollars andunsold commemorative coins.
Due to the half-billion minted,
destruction of the coins would
have added to the deficit at thattime. As time went on, the government started selling threecoin sets and bag quantities, demand increasing due to theshort-lived use as a circulating
issue fueling the belief that thecoin was scarce, since the usual
practice was to destroy coins nolonger in circulation. (continued next
month)

Coin Collecting Supplies

This
month’scontest:Draw apicture ofa coinyouinvented.
Make itdifferent!
Win aprize!

from www.usmint.gov There are many kindsof coins to collect.
Here's a quick and easy
guide.
*
Circulating Coins - These are the kind you
find in your pocket change. They're everyday
dimes, nickels, quarters, fifty-cent pieces, andGolden Dollars too.
Proof Coins - Highly polished and manufac*
tured using a special process, these coins are called"proofs" because they were originally made to"prove" the design was correct.
Commemorative Coins - Issued to honor*
special people or events, these coins feature very
interesting designs. Two examples are the 1926
Oregon Trail Memorial Half-Dollar, made to honor
the pioneers who moved west across America, andthe 1946 Booker T. Washington Memorial HalfDollar, struck to honor this famous African American teacher. And although both of these coins were
half-dollars, commemorative coins can be minted
in a variety of denominations.
Bullion Coins - Produced by varying mints*
around the world, the value of these coins is directly related to the amount of silver, gold, or platinum they contain. The U.S. Mint produces American Eagle Bullion Coins.

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ALBUM
COINTAINGLOVESJEWELERS PAD
LOUPEMICROSCOPE
MYLAR FLIP
PLASTIC TUBE
RED BOOKSAFESLABTWO BY TWO

Kid’s Contest #2
Choose a statehood quarter with a motto,
and make a list of all the words you canmake from the words in the motto, except
those actual words. The kid with the longest
list wins a prize!
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We have had some new members join us in the last few months, and wewould like to take the opportunity to welcome them to our club:
Ryan Black Thomas Ferverda
Dale Cook
Jessie Cook
Stacy Cook
Amylee Ross
Steven Motto
Coin World Trivia Answers: 1. Company store scrip, 2. The Series 1891 $50 Treasury Note 3. James Ross Snowden

John Phillips would like to thank the ANA for theuse of their slide presentation.

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

marcus@papermoneyworld.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

Exhibit Night
Every member is invited to exhibit their numismatic items - coins, currency, medals, etc., at the2001 Exhibit Night. Once again this year, there will
be two divisions (you can enter both) - U.S. andWorld. You should prepare an informative, educational exhibit that is attractive and factual, based
upon your personal research and knowledge. Cases
will be available - you will need to arrive early if
you need a case for that evening. Cases are notrequired. Awards will be for 1st, 2nd, and 3rd in
U.S. and 1st, 2nd, and 3rd in World. All entrants
will receive a participants’ award, and, time permitting, you can show and tell about your projectthat night. The club members vote for the“peoples’ choice” award.
We have had between 15 and 20 entries in past
years. This year, we would like at least 25 entries.
If you have never done this before, here is a good
opportunity to try it. You will learn more about
your coins and share your interests with others
through your exhibit.
Mark your calendar for TUESDAY, July 24th.

There will be no educational presentation this month, as it will be
exhibit night! Please prepare your exhibit, and come early, as cases
will be available on a first come, first serve basis.

Directions to Jim Hummel Park: Take I-70 west from I-465 (on the west side of Indy).
Take the first exit, State Road 267 (Plainfield-Mooresville), turn right. Move over to theleft lane as soon as possible. At the first stop light, turn left (west) on 600 S (Amoco on
NW corner). Travel 1 mile to the 4-way stop sign. At the stop sign, turn right (north) on S.
Center St. Travel approximately 1/2 mile. As soon as you pass 550 S (Reeves Rd.), thepark will be on the left side (west) of the road. We will be at Gazebo #6, toward the rear of
the park. If you get lost, call 418-8784 for help. Hope to see you there!
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