T he P lanchet- I . C. C. JUNE 2022

Issue# 632

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 June 20th, 2022
Monthly meetings of the Indianapolis Coin Club are held the third Monday of each month at
the Northside Events and Social Club 2100 E. 71st Street in Indianapolis, Indiana.
The Meetings consist of a business session, educational program, an intermission, and anumismatic auction.
Doors open at 6:00 pm, meeting will begin at 7:00 pm.
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JUNE, 2022

As hopefully all of our members know, the ICC has a library that is free to use for it's members. The
current list of library books is available on the ICC website. Jim Sukup 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

Th is M on t h s Edu cat ion al Pr ogr am Will Be:
June 20th, 2022
Meeting start time: 7:00 PM

Ch ar t er Per iod of
Nat ion al Ban k n ot es
by Don n Wr ay
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Issue# 633

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A Few Words From Your Pr esident
by Sharon Bower
Hello,The hardest thing for me right now is coming up with something to put in the
President?s letter, so here we go.
Being club president is still a learning process! I?m not a numismatist, I, like you, love
the history, the artwork, the thrill of the chase in finding that elusive item, and most ofall, sharing and learning from my fellow numismatists! Since numismatics is just as
much (maybe more?) about the people as it is about the coins and currency. I
encourage each of you to share your numismatic stories by submitting them to beconsidered for publication in The Planchet. Engage! Share a piece of yourself for the
benefit and entertainment of other members!
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 the membership to remain
quiet and pay attention during the program. It?s important that we respect theknowledge that is being shared with us as well as the time and effort the speaker isdonating to our club. Thank you. I look forward to seeing you at the next meeting.

Sh ar on Bow er
Clu b Pr esiden t

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

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Issue# 633

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Buffalo Nickels - the Design that Doesn't Stop
By Mark Benvenuto
The generation of collectors who had great memories of finding Buffalo nickels
in change are pretty much now a memory themselves. Yet this amazing image
remains one that captures the hearts of collectors, and that can still be rather
enjoyable to collect. Here?s a few ways we might be able to do so:First, a date run of any sort
When they have seen some wear,
the Buffalo nickels can be pretty
affordable. Something like $5 will land themost common ones in a grade like fine, or
F-12.Some of the most common will cost
no more than $20 in higher circulated
grades, such as extra fine, or EF-40.
Perhaps obviously, the older dates, or
those with the oft-coveted ?S?mint mark,will cost a bit more. But still, stringing
together a date run of the artistry of Mr.
James Earle Fraser, from 1913 all the way
to 1938, should not be too difficult anundertaking. The results can be quite
attractive.
Next, mint state bargains?
In the past few decades, the collector community has developed a serious loveaffair with mint state coins, perhaps because they are now so easily available inmodern proof sets, perhaps for some other reason. Whatever the case, looking at the
major price lists for Buffalo nickels indicates there are actually some bargains among
the mint state ranks. For those dates in the mid- to late-1930?s, there are a few
Buffaloes that ring in at about $50 for a specimen in a grade as high as MS-65. There?sno argument about it, a coin like this will be a true beauty ? and that?s a great price.
Going back farther, there are some Buffalo nickels that we might be able to get
our paws on for about $50 in a grade like MS-60, including those from Philadelphia
from 1913 through 1917. For aficionados of the series, the 1913 will be either thevariety in which the buffalo on the reverse is standing on a plain, or that one in which
it stands on a mound. That mound was a beautiful design device, but one that madethe wording ?FIVE CENTS? stand up too high, and made for an easy point of early4Issue# 633

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wear. Still, since over 30 million of that ?raised mound? type were made in the City ofBrotherly Love, enough of them must have been saved that they aren?t all that costly
today.
A bit more, gold Buffaloes
For the collector with some money tospend, the Fraser design is one of thoseclassics that is so well loved that the Mint
brought it back in 2006, and started
producing the American Buffalo goldcoins as one-ounce gold bullion coins.
Even the toughest critic generally thinks
Mr. Fraser ?s imagery strikes up well on a
big surface, like these one-ounce pieces.
These coins have been produced
annually, and in large enough numbers that they are priced pretty close to the priceof gold metal, or at least those for sale on the secondary market are. Each year there
have also been some proofs minted, usually in much smaller numbers than those wecan call the regular issue. They are never cheap ? after all, there is an ounce of gold ineach ? but they are not exorbitantly priced, either. Adding even one to any collectionof Buffaloes would make for a stunning crown jewel, as it were.
For those of us who like the idea of adding gold to any collection, but who alsofind the cost of one-ounce pieces a tad more than we feel comfortable parting with,well the American Buffaloes might have an answer for us frugal collectors (a namethat sounds oh, so much better than cheapskates!). For one year only, in 2008, theAmerican Buffaloes were made as 1/10th -ounce pieces with a face value of $5, as¼-ounce pieces with a $10 face value, and as ½-ounce pieces with a $25 face value.
The mintages were tiny compared to those of their big siblings. But because bullion
coin lovers tend to gravitate towards the big guns in the arsenal, these smaller pieces
can be something of a bargain. For example, the ¼-ounce pieces made as regularstrikes only saw 9,949 produced. The amount of gold in each is about $450 when gold
trades at $1,800 per ounce. And while one of these currently goes for about $1,200 (atleast as of the time of this writing), that is still far, far less than any other U.S. coinmight go for that sports such a tiny mintage.
Even more, a big silver Buffalo
If all this talk of gold and the Buffalo image hasn?t made us want to rush out
and buy a pail of them, perhaps another large version of the Buffalo nickel will. In
2001, the Mints in Philly and Denver pounded out several hundred thousand
commemorative silver dollar versions of the design. Our Buffalo again stands on amound, this time with ?ONE DOLLAR? written on it. The reason for this as acommemorative piece was the opening of the National Museum of the American
5Indian, in the heart of our nation?s capitol. As a deep cameo proof, one of these still
only runs about $200.
The ultimate, one of the classic proofs
For those of us who think these modern types of homage to the Buffalo nickel
design are just too, well, modern, there is one further direction we might take in trying
to find the crème de la crème of the design. From 1913 to 1916, then again in 1936
and 1937, there are some proofs within this series. They are rare, as the proof
mintages back in those days were always tiny. But when one is available for sale, theirprice is not exactly through the roof. In the mildly odd grade of PF-63, most of theprice lists indicate one will cost about $1,200. Admittedly, that?s a lot of nickels for one
nickel, but once again, a piece like this would be a fantastic coin to own.

All things considered?
Buffalo nickels might be an old stand by, but it looks like there are quite a few
options for them. And yes, they can still be a lot of fun to collect.

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.

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June 2022 Auction Lotsfor 6/20/2022
Description

Grade

Additional Notes

Starting Price

1934 S Peace Dollar

F$50.001935 S Peace Dollar

VF$50.001924 D Standing Liberty Quarter

VF$110.00

Every $1 FRN Signature Combo

CU

1934 1$ Silver Certificate

VF$30.001995 $5 Chicago FRN

Gem$15.00Sweden 39 Pieces

VF-UncSweden 1897 2 Kronor

AU

Sweden 1847 2 Skilling Banco

VF

Series 1963-99 (no 69a)

1-5 Ore 1918-69 Cat-$90$85.00$45.00$20.00Catalog Value $35

Sweden 1950 1 & 2 Kronor$17.00$18.00Sweden 1959 2 Kronor

BU

1835 Bust Half Dollar

VF

Mintage - 581,000$90.001907 O Barber Dime
Indiana Trade Tokens Book

Good

Plus more Morgan and Peace $1

VF-AU

$9.00

Catalog Value $36$29.00by Lloyd E Wagaman$50.00Your auction lots could be listed right here.
Any active ICC member can put lots in to our monthly auctions.
Send them to the editor by the Thursday before each months meeting.

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Issue# 633

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M in u t es of t h e ICC M eet in g ? M ay 16, 2022

Open - The meeting was called to order at 7:00 p.m. The meeting was held at theKnights of Columbus Hall, 2100 E. 71st., Indianapolis, Indiana. The at t en dan ce pr ize(A 1966 Silver 20 Escudos Coin from Portugal) was donated by Chris Bower.
The Secr et ar y 's r epor t for April 2022 was accepted as published in the Planchet. The
Tr easu r er 's r epor t for April 2022 was accepted as published in the Planchet.
Visit or s -We had three (3) visitors.
Repor t s of Com m it t ees ?None.
Old Bu sin ess?None.
New Bu sin ess·Donn mentioned that if anyone is interested in speaking at a meeting to contact him
in person, by telephone or email.
·Some club members gave a report on their experiences while attending the Central
States Coin Show in Chicago.
Nu m ism at ic f in ds: Joe Boling discussed and had an example of a post WWII circa
1946 revalidated note that had an impressive looking watermark, although it was acounterfeit.
Edu cat ion Pr ogr am : Chris Bower gave a talk on Medalic art entitled ?A Maler Medalwith Provenance?. Also, we had a guest named Fabrizio who is a guest of Joe Bolingfrom Japan who spoke about a short snorter entitled ?West of Tokyo Missionary
Society?.
Louise Boling won the attendance prize. The Club received $60 from the 50/50, and$33 from a donation, and received $40 for dues.
Au ct ion? The auction was held with help by several members. There were 11 sheets,generating $11 for the club. It was an active auction.
The meeting was Adjou r n ed.
Respectfully submitted,
Gary M. Selig, Secretarygselig14@gmail.com

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In dian apolis Coin Clu b
2022 M eet in g Dat es & Edu cat ion al Pr ogr am s
January 17, 2022 - ?Annual State of the Hobby Address?-by Mark Eberhardt* Prize sponsor: Mark Eberhardt
February 21, 2022 - 'Inflation as Illustrated by Weimer Germany? - by Kurt Miller* Prize sponsor: Kurt Miller
March 21, 2022 - 'The Marshall House Token and the Civil War ' - by Bill Eckberg* Prize sponsor: I.C.C.
April 18, 2022 - 'Lincoln Cents? - by Vinton Dove* Prize sponsor: Vinton DoveMay 23, 2022 - A Maler Metal with Provenance? - by Christopher Bower* Prize sponsor: Christopher Bower
June 20, 2022 - 'Charter Period of National Banknotes? - by Donn Wray
* Prize sponsor: Donn Wray
July 18, 2022 - 'T.B.A? - by T.B.A* Prize sponsor: T.B.A.
August 15, 2022 - 'T.B.A? - by T.B.A* Prize sponsor: T.B.A.
September 19, 2022 - Exhibit Night* Prize sponsor: I. C. C.
October 17, 2022 -'T.B.A? - by T.B.A* Prize sponsor: T.B.A.
November 21, 2022 - ?Annual State of the Hobby Address?-by Mark Eberhardt* Prize sponsor: T.B.A.
Tuesday, December 6, 2022 ? NO MEETING - I.C.C. Holiday Banquet* For 2022 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 value coin, $5 ormore) The I.C.C. Board members and officers as well as several I.C.C. members chose to act as sponsors anddonate 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 may win!
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 we
respect 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.

9Issue# 633

JUNE, 2022

Tr easu r er 's Repor t f or Apr il 2022:

My treasurer 's report is as follows: the club has $25,599.52 in its checking account. That
includes the $144 realized at our May, 2022 meeting. I will send a check for $100 for room
rental for our June meeting in a few days. No other activity to report.
Jerry C.

$3827.44

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!

Th e 2021 In dian apolis Coin Clu b
Of f icer s an d Boar d M em ber s:
President
Sharon Bower
Vice-President
Don WraySecretary
Gary Selig
Treasurer
Gerald Coraz
Newsletter Editor
Christopher Bower
Past President
Jim Sukup
Sgt-at-Arms
Jim Warden
Board Member 2021-2022
Vinton DoveBoard Member 2021-2022
Andy Nahrwold
Board Member 2021-2022
Jim Roehrdanz
Board Member 2022-2023
Louise Boling
Board Member 2022-2023
Jeff Bercovitz
Board Member 2022-2023
Steve Howery

10Issue# 633

JUNE, 2022

Wildm an Coin s
Christopher Bower
ANA# LM7017
Specialist in World Coins,
Tokens, and Medals

Specialist in World Coins

443-786-6584
ch r isb8626@m sn .com

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Issue# 633

JUNE, 2022

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