A Publication of the Indianapolis Coin Club
Issue # 472
Newsletter
June 2006
Membership numbers: ANA C-131170, CSNS L-600, ISNA LM 243

indianapoliscoinclub.org
The Meetings of the Indianapolis Coin Club for June and July 2006
will be held the fourth Monday of each month at the Warren Library at
9701 E. 21st Street in Indianapolis, Indiana. The Meetings consist ofa 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,June 26, 2006!
Indianapolis Coin Club meets at
Warren LibraryThe ICC will meet for two meetings on the East side of the City forJune and July. The address is: 9701 E. 21st Street. If you have access to a computer you can Mapquest the address for directions. If
not, there is a map on Page 7 of this newsletter. Hopefully everyone
will be able to find it with no problems. We are to come in throughthe South Door.
The ICC will resume its regular meetings at the Nora Library in August. We look forward to seeing all of you there in June and July!
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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
Jim Fuson
Retired Teacher & Coach

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

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

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 Coin Club Newsletter! The cost is only $35.00 fora business card size ad for 12 issues!

The 2006 Indianapolis Coin ClubOfficers and Board Members
President
Mark Eberhardt
Vice-President
Jim Roehrdanz
Secretary
Jim Goaziou
Treasurer
Karl Kreck
EditorAmy Eberhardt(fubacoin@aol.com) ph. (317) 837-5682
Past President
Sgt-at-Arms
Board Member 2005-2006
Board Member 2005-2006
Board Member 2005-2006
Board Member 2006-2007
Board Member 2006-2007
Board Member 2006-2007

Vinton Dove
Jim Warden
Dave ReidDonald Black
Allen Dove
Jim Fuson
Cos RaimondiCharles Alber

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

Table of Contents
Meetings for June & July

-CoverAdvertisers-Page 2Standing Lib. 25c-Pages 3 & 4

Secretary’s Report-

Page 5

Treasurer’s Report-

Page 5

Summer Social Info.

-

Page 6

Warren Library Map-

Page 7The Monthly Planchet, June 2006

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Page 2

Standing Liberty Quarters
By Mike Schmidt
1916 would mark the twenty-fifth year since theadoption of the Barber Quarter. The Act of 1890
gave the Secretary of the Treasury the power tonow change the coinage design. The Act did not
make these changes mandatory but in the earlyyears of the twentieth century the officials at theTreasury did take the viewpoint that it was obligatory. So ignoring the results of twenty five years
earlier, on December 28, 1915 a new design competition was announced.
The competition must have been another “by invitation only” contest because it ended and the decision was made VERY quickly. The final selection of the new design was approved on February
28, 1916, just two months after the announcementof the contest. Charles Barber was informed of theselection of the new design on March 3rd and galvanos suitable for reduction to master hubs werefinished by the end of May.
Hermon MacNeil’s design was a major breakfrom the traditional designs formerly seen, and it
also bears a great deal of symbolism reflection
upon the current world events.
Liberty is depicted in a standing pose in a passage
through a half height wall. In her right hand she
holds the olive branch of peace but as she gazes off
to the East (viewers right) towards Europe where
the “War to end all wars” was raging, she is uncloaking a shield of defense. This shows thatthough peace is preferred, we are aware of what isoccurring and are preparing for the defense of ourcountry. The wall has the motto IN GOD WE
TRUST along the top and either side of the opening is flanked by stars, seven left, six right. Thedate appears on the face of the step under Liberty;sfeet. The word LIBERTY arcs over the top half ofthe coin and the entire design is surrounded by abeaded border of alternating round and rectangularbeads.

The reverse is a little more traditional with an image of an eagle in flight, wings fully outstretched
and at the top of their beat. UNITED STATES
follows the curve of the rim from ten o’clock totwo o’clock with OF AMERICA below it in towlines. The denomination QUARTER DOLLAR isat the bottom of the coin. The two groups ofwords are separated by 13 stars, seven on the left
and six on the right. The motto E PLURIBUS
UNUM in very small letters is found below
AMERICA and between the eagles wings. Thiscoin is the first time in US coinage where, for artistic purposes, the Latin letter V is used instead of U
in the legends. That feature is usually mentioned
frequently in reference to the Peace Dollar where itis used once, but almost never mentioned in thecase of the Standing Quarter where it is done
FOUR times.
Although they had the galvanos and the capability of creating dies and starting production in June,no Standing Liberty Quarters were struck until December 16th and only 52,000 were produced before the end of 1916, all from Philadelphia. Thesecoins were not released into circulation until January 17, 1917 along with the first production run of
1917 dated coins.
For some reason between the striking of the first
1916 quarters and the beginning of the 1917 production, the obverse design was modified slightly.
(That is probably why the 1916 had such a smallmintage.) Liberty was shifted a little higher and herhead now breaks through the beaded border. (ITwas complete and unbroken above her head on the1916 coins.) Slight changes were also made to theleaves in the olive branch and in the fold of her
gown to the left of here right foot. All three mints
produced this new modified design with approximately 12 million coins being struck.
The new design was also apparently not satisfac-

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Page 3tory because on January 11, 1917 the Mint Director again asked permission to modify the design.
This time though, permission would have to comeby way of legislation because the coins were already in production and the 25 year rule now applied.
One interesting feature of the new design wasthat Liberty’s shield was not the only thing uncovered. Liberty’s right breast was shown completelybare. Traditionally it has been said that this“indecency” resulted in a great public outcry demanding that the design be changed. Walter Breenclaims that the drive to change the design wasspearheaded by the Society for the Suppression ofVice, a group of self appointed keepers of the nations morals.
The problem there is no evidence of any suchoutcry. There has not been a single contemporary
published account of a complaint about the barebreast located. No editorials, no letters to the editor in newspapers or magazines, and with the supposed pressure placed on legislatures, not one
word about it is in the Congressional Record. So
what is the true story behind the change?
On April 16th, Secretary of the Treasury W.G.
McAdoo submitted a legislative draft requestingthese changes be made: The curvature of the fields
should be increased, the eagle on the reverseshould be placed higher in the field, and three ofthe stars should be placed below the eagle. It also
directed that NO changes other than those specified
should be made. This act was passed on July 9,1917 and Hermon MacNeil was asked to make therevisions to his design. MacNeil quickly made therequested alterations but in addition he also madethe unauthorized change of clothing Liberty in acoat of chain mail. Technically this makes all of thelater Standing Liberty Quarters illegal.
So is this change wasn’t requested, why was itdone? It probably is related to the military protectionist theme of the design. By the time thechanges were approved, the United States had entered World War I. America was now at war, andit wouldn’t make much sense to go to war without

protective clothing.
Unfortunately, one change that needed to bemade wasn’t. Like the Buffalo Nickels the date on
the step is the highest point on the coin and it wore
off ver quickly. The shortcoming was not corrected until 1925 when they recessed the area under the step.
Other than the 1916 issue there is only one othercoin that is out of the reach of the average collector, the 1918/7-S. In late 1917 the mint was producing both 1917 dated dies for current production
and a stockpile of 1918 dies do that coinage could
continue uninterrupted after the turn of the year.
One die which was initially hubbed with a 1917 hub
came back from being annealed (softened) and wasmated with a 1918 dated hub in error. That die
was then given an “S” mintmark and was shipped
to San Francisco. (A similar error occurred on theBuffalo Nickel that year but it was struck in Denver. During both the first and second world wars
the mint was so pressed for production capacitythat quality control slipped and several errors of
this type were produced both on US coins and on
the coins that the mint was producing for othercountries.) The overdate was not discovered until
several years later, so most of them entered circulation and uncirculated specimens are very rare. The
high date also meant that many of them have probably had their dates worn off and are no longer
identifiable. (Unlike the 1916 quarter or the 18/7D nickel there is no design or die feature that willallow a dateless 18/7-S quarter to be identified.)With the advent of the great depression, demandfor coins declined and no quarters were struck in
1931. In 1932 an act of Congress temporarily
caused a new design to commemorate the bicentennial of the birth of George Washington was produced. When more quarters were needed again in
1934 public sentiment and the political riskiness ofremoving Washington caused the decision to end
the Standing Liberty design instead, cutting its run
short after only 15 years.

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Page 4

Secretary’s Report
May 22, 2006
The meeting was called toorder at 7:00pm by President
Mark Eberhardt. Three visitors were introduced: TerryFault, Basil Worl and Richard “Doc” Harrison.
The Secretary’s Report and the Treasurer’s
Report were read and accepted.
Old Business - None.
Under New Business, Mark announced that
the Summer Social would be held on Saturday,
July 8th at the Hummel Park in Plainfield fromNoon to 4:00pm. A sign-up sheet was available for prospective attendees. Mark said thatthe committee was planning to have games andprizes for those who wanted to participate.
Basil Worl was announced as the Club’s
newest member.
June will be “Juniors Month.” Juniors areinvited to bring a numismatic item and tell themembers about it or just to discuss their collection.
The June and July meetings will be held at theWarren Library, 9701 East 21st Street. Bill
Phillips suggested that it would be easier toaccess the meeting room by entering the reardoor of the Library building.
After the break, Director Dave Reid, presented the Educational Program. He gave aslide presentation and talk on Two Cent andThree Cent Pieces issued by the U.S. He alsobrought several pieces for display. His program
was very informative and interesting.
The winner of the 50/50 drawing received$28.00As the last item of business, President Eberhardt ran a spirited auction. Most of the lots
were sold, and the meeting was adjourned at
8:10pm.

Treasurer's Report
May 2006
Income:50/50 Drawing
5 memberships

Expenses:
Newsletter Postage
Newsletter Printing
Gazebo rental for picnic
NE-P Quarters$28.00$60.00$88.00$23.40$21.69$30.00$13.50$88.59April Checkbook balance$2,835.80
May Checkbook balance$2,835.21
ICC CD Balance$17,226.85

Respectfully Submitted,Karl Kreck

Attention Dealers:
We encourage you tobring a few items to theJune meeting that will beappropriate for our Junior members to purchase or be of interestfor their collections.

Respectfully Submitted,Vinton DoveThe Monthly Planchet, June 2006

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Page 5

Indianapolis Coin Club’s Annual
Summer Social
This map to the left shows Hummel Park in Plainfield. We will have our annual picnic here on July
8th from Noon - 4pm. We will have some activities
for the kids and parents. Everyone is welcome tobring some games and balls along also. We would
recommend bringing a lawn chair also. The Indianapolis Coin Club will provide the meat and drinks.
Everyone attending should bring a dish to share,
their own plates, utensils, and cups. There will be asign up sheet at the meeting so we can get an estimated number of people attending. You can alsoemail or call Amy Eberhardt at fubacoin@aol.com or(317) 837-5682 to RSVP. We look forward to sharing this time with you and your family.

This map shows themain entrance into thepark. We will be having
our picnic in Gazebo #6.
When you come in themain entrance, pleaseproceed to towards theback by the restrooms.
There will be a sign on theGazebo for the Indianapolis Coin Club.

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Page 6Educational Program forJune is:“junior’s Night”
The Indianapolis Coin Club is having Junior’s night for our June meeting. We will
be giving out tickets for different things during the evening for drawings of: a Morgan Silver Dollar, Indiana Statehood Quarter Displays, and a 1941 to 1974 Lincoln
Cent Book. Here is how each Junior can earn tickets:- receive one ticket for coming to the meeting- receive five tickets for bringing a show and tell item to the meeting- receive one ticket for each coin correctly identified at the meeting

If each Junior does the above, they will

have earned 11 chances to win one of theitems for the drawing! WOW!!!!
Here is a map to the Warren Library for the June and July meetings

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