T he P lanchet- I . C. C. JULY 2021

Issue# 623

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 July 19th, 2021
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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JULY, 2021

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

Please n ot e: Jim w ill n ot be at t h e Ju ly m eet in g.

Th is M on t h s Edu cat ion al Pr ogr am Will Be:
July 19th, 2021
Meeting start time: 7:00 PM" Counterfeit Notes Made to Deceive Collectors, continued "Presented By: Joe Boling2Issue# 623

JULY, 2021

A Few Words From Your Pr esident
by Sharon Bower
Greetings,
As I write this, it is mid-summer and getting hotter and stickier. Not exactly "CoinCollecting" weather. This time of year, most thoughts turn to summer vacations,visiting relatives and going fishing. The tendency is for most collectors to put away
their hobby until the leaves begin to fall in autumn. This year seems to be a little
different, as most dealers I speak with seem to be enjoying brisk sales ? a good signfor the hobby.
Next month the ANA "World's Fair of Money" will be taking place at the Donald E.
Stephen's Convention Center in Rosemont, Illinois from August 10-14, 2021. Show
hours are Tues. (Aug. 10) from 1 p.m. to 5:30 p.m., Weds. - Fri. (Aug. 11-13) from 10
a.m. to 4 p.m., and on Sat., Aug. 14, from 10 a.m. to 4 p.m. Admission is $10.00 for the
public and is free for ANA members, with free admission to everyone on Saturday. It is
certainly one of the best shows in the country and is highly recommended because of
its relatively proximity to Indianapolis for a national show. As usual, there will beplenty of fresh material available, along with the auctions, seminars, and exhibits thatare standard at such large shows.

2021 Ch icago Wor ld's Fair of
M on ey®
Au gu st 10-14, 2021
Don ald E. St eph en s Con ven t ion Cen t er - Hall A | Rosem on t (Ch icago), IL
View t h e n ever -bef or e-seen $100 m illion exh ibit of U.S. t ype coin s f r om Th e Tyr an t
Collect ion , in clu din g t h e f abled Kin g of Siam pr oof set . Bu y, sell an d t r ade w it hh u n dr eds of coin dealer s; par t icipat e in au ct ion s sh ow casin g am azin g r ar it ies; an d
at t en d lect u r es an d pr esen t at ion s f r om n ot ed n u m ism at ist s. Fin d ou t w h at you r oldcoin s m ay be w or t h !
SHOW HOURS
Tu esday 1-5:30 pm ; Wedn esday-Fr iday 10 am -5:30 pm
Sat u r day 10 am -4 pm (FREE Adm ission Sat u r day!)Adm ission is $10 f or t h e pu blic; FREE f or ANA m em ber s an d ch ildr en u n der 12.
ANA m em ber s m ay en t er 30 m in u t es pr ior t o t h e pu blic. Last adm ission is 30 m in u t es
pr ior t o closin g.
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JULY, 2021

Issue# 623

Retrieved from https://www.money.org/worldsfairofmoney$100 M ILLION EXHIBIT OF U.S. TYPE COINS FROM
THE TYRANT COLLECTION TO BE DISPLAYED AT
THE CHICAGO WORLD'S FAIR OF M ONEY®
The never-before-seen exhibit will showcase hundreds ofsuperb condition coins, including the famous King of Siamproof set.
For the first time ever, the public will be able to see the superb-quality type set of
more than 400 U.S. coins from the acclaimed Tyrant Collection(thetyrantcollection.com) at the Chicago World?s Fair of Money®, August 10-14.
Ranging from 1793 to 1964, many of these historic coins are the finest known of theirkind. The centerpiece of the extraordinary exhibit will be the legendary King of Siamproof set, which was originally presented in 1836 by the U.S. State Department to theKing of Siam (now Thailand) as a gift on behalf of President Andrew Jackson.
?This is the first time in over a decade that the full, fabled King of Siam set will be
publicly displayed, and we?re delighted the set? in addition to the superb U.S. type
coins? will be at the World?s Fair of Money,? says Kim Kiick, executive director of the
ANA. ?The unique King of Siam set will be accompanied by the leather-covered woodbox that contained the presentation coins given 185 years ago to Rama III, the King of
Siam. The ship?s log from the USS Peacock on that important diplomatic mission will
also be displayed.?
The legendary set?s coins range in denomination from an 1834 Classic Head copper
half cent to an 1804 ?Plain 4? Heraldic Eagle gold $10. A renowned Class I 1804 Draped
Bust silver dollar graded Proof-67 by Professional Coin Grading Service is also
included.
?The entire, incomparable exhibit, entitled ?U.S. Type Coins from The TyrantCollection,?is insured for $100 million,? says Ira Goldberg, CEO of Goldberg Coins andCollectibles, Inc. in Los Angeles, California. He is among those who have assisted thecoins?owner in building the collection of U.S. world and ancient coins, which is often
described as the world?s most valuable rare-coin collection in private hands.
?The display will cover all U.S. types and sub-types, circulation strikes and proofs, from1793 Liberty Cap half cents through the 1907 Saint-Gaudens Ultra High Relief $20[Photo courtesy of Professional Coin Grading Service.] and everything in between to
1964. This undoubtedly will be a once-in-a-lifetime opportunity to see all these
historic coins together,? explains Goldberg.
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Although The Tyrant Collection owner wishes to remain anonymous, he has been
displaying portions of his ancient, world and U.S. coins for their educational value,
one segment at a time, in a continuing series of themed exhibits that began in 2018 in
California. Those exhibitions were suspended in early 2020 until now because of thepandemic. Special display cases with LED lighting were constructed for The TyrantCollection exhibits, and each coin's obverse and reverse is shown with enlarged, color
photographs for easy viewing. Detailed catalogs with information and superb
illustrations about each coin in the display will be available at the convention.
Th e Kin g of Siam Pr oof Set (Photo credit: Lyle Engleson/Ira and Larry Goldberg Coinsand Collectibles.)In addit ion t o t h e Kin g of Siam set , a f ew of t h e m an y ot h er h igh ligh t s of t h e
exh ibit in clu de:? 1793 S-1 Flowing Hair "Chain AMERI" large cent, graded PCGS SP65;? 1796 JR-1 Draped Bust, Small Eagle dime, PCGS SP67 CAC ex. Simpson
Collection;? 1797 O-101a Draped Bust, Small Eagle half dollar, PCGS MS66 CAC ex. Pogue
Collection;? 1795 Draped Bust, Small Eagle dollar, PCGS SP66, ex. Garrett, Hayes and Pogue
Collections;? 1796 BD-2 Draped Bust, No Star quarter eagle, PCGS MS65 ex. Jung Collection;and? 1907 Ultra High Relief double eagle, PCGS PR68, ex. Augustus Saint-Gaudens
Retrieved from https://www.money.org/tyrant-collection.
Wh en :June 24, 2021 | 12-2:00 PM MDT
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Please k eep t h is in m in d each m on t h : 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.
Sharon Bower
Club President

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.

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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JULY, 2021

July 2021 Auction Lotsfor 7/19/2021
Description

Grade

Additional Notes

Starting Price

Snyder Signature$30.00$25 War Bond, issued 1947

AU

1979 50C

Proof

$2.00

1980 50C

Proof

$2.00

1981 50C

Proof

$2.00

1983 50C

Proof

$2.00

1984 50C

Proof

$2.00

1956 50C

Proof$25.001959 50C

Proof$20.001961 25C

Proof

$7.00

1950 1C

Proof$38.001968 1C

Proof

$2.00

Your 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# 623

JULY, 2021

Seven Year s of Pr oof Walk in g Liber t y Halves,
Ar e An y St ill Af f or dable?
by Mark Benvenuto

As 2021 matures, the United States Mint is once again in an amazing overdrive
when it comes to what it is producing. Beyond the massive output of circulating
coinage, the Mint keeps up an impressive production run of bullion coinage, and of
proof sets. These modern proof sets may not automatically make us think of the early
proof sets, or even of single, proof coins from decades past, but there?s a connection.
Those earliest proofs are the roots of what we have now. Let?s take another look atjust seven proof coins from that time, the proof Walking Liberty half dollars.
Issued from 1936 to 1942, the proof Walking Liberty half dollars have tinymintages compared to what we are used to today. The 1936?s are the rarest of therare, with a total of only 3,901 on the books. Let?s think about this a bit before wecheck out price tags.
A total of 3,901 proofs was not a lot even back in 1936, when the collector basewas much smaller than it is today. In addition, the packaging the Mint used then was
nowhere near as safe and secure as it is today. Plus, 75 years have elapsed sincethese halves were produced ? a lot of time during which some benign neglect could
have occurred. Factors like these are why such coins are listed in a grade like PF-63,
something considerably lower than what we are used to with proofs today.

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Despite these differences between a 1936 proof half dollar and any of thosemade from 1950 onward ? what can be called the modern proofs ? or maybe becauseof them, a PF-63 Walking Liberty half from 1936 is currently noted in the major pricelists as a $1,600 coin. This certainly isn?t pocket change for most people. But we canalso argue that this is not all that high a price, especially when we think that there are
only 3,901 of them, out of an annual mintage of 12,614,000 coins. But let?s look at
more than just this one fifty-cent piece, and make a couple of comparisons.
Of the seven years of production for proof Walking Liberty half dollars, the 1942is the single most common, with 21,120 to its tally. We may think of this as a tiny
number, again when compared to the annual output of the modern proof sets. But
let?s compare it not with the 1936, at least not yet, but rather with the proof Franklin
half dollars of 1950. There are 51,386 of those. This means that the least common of
the proof Franklin half dollars didn?t really have all that much bigger of a production
run.In a neat twist, the prices for them are not all that different either. In PF-64 theWalking Liberty half is just over $400, while the Franklin of 1950 rings in at virtually
the same price.

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Another interesting comparison to make, or perhaps set of comparisons, is thatbetween the 1942 proof Walking Liberty half, and the 1941, the 1940, and even the1939. The prices are the same from 1940 ? 1942, and only rise a tiny bit when wemove back to the 1939. As this is being written, $475 will land any of the latter threedates, and we only go up to $550 for the ?39. Let?s keep in mind the total of 21,120 for
the 1942, as well as 11,279 for the much less common 1940 ? and the tiny total of
8,808 for that 1939. These are some pretty modest prices for half dollars that can only
qualify as rare. As a rather wild point of comparison, the 1916-D Mercury dime has an
official Mint tally of 264,000, yet costs far, far more than any of these just-mentioned
halves.
Perhaps obviously, collecting proof half dollars like these Walking Liberty pieces
is not just a matter of how many are on the books officially and what the price guides
say they ought to cost. They are a matter of what is available. So, in an effort to see
what is out there, we checked out both the Heritage website, and those ever-trading
folks on eBay. The folks at Heritage did not have any of the more ?common? 1942
pieces at the time we checked, but did have up a 1939 in the crazy-amazing grade of
PF-68 with a current bid of $925. That?s certainly not a cheap coin, but whoever landsa beauty like that will have an unquestioned crown jewel for their collection. In
contrast, the eBay-ers had posted several 1942 half dollars, including one in PF-66,
and for a $630 buy-it-now cost. Since it was up for sale, rather obviously no one had
yet made the purchase.
It looks as if it is fair to say that the proof Walking Liberty half dollars areundervalued. Yes, we have just looked at coins with an overall price range of $450 to$925, which will seem outrageous to any of us who insist on never spending morethan something like $100 per coin. But we are talking about the upper flakes of theupper crust here. Any savvy collector knows that it isn?t at all upper-flaky to think thatgems like these are poised to go up in value over time. Plus, even one of them would
give us an amazing pride of ownership.It seems there are some wonderful possibility
among some of our earliest proofs.

images from pcgs.com/coinfacts

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M ay 21, 2021 - M in u t es of t h e In dian apolis Coin Clu b M eet in gOpen ? The meeting was called to order at 7:00 p.m.The meeting was held at theNorthside Events and Social Club, 2100 E. 71st., Indianapolis, Indiana. The
at t en dan ce pr ize was announced. It was a y-head large cent from the 1830?s
donated by John Maag.
The Report of the Secr et ar y for April, 2021 was not available to be published in the
Planchet. The Tr easu r er 's r epor t for April 2021 was accepted as published in the
Planchet after a motion that was duly made, and seconded, which was passed.
Visit or s -We had 1 visitor.
Repor t s of Com m it t ees ?None
Old Bu sin ess?None.
New Bu sin ess-I am not sure this qualifies as ?new business?but our very own Joe
Boling is running for Vice-President of ANA, and it is worth mentioning. I know several
club members were discussing this topic and congratulations to Joe.
Nu m ism at ic f in ds:·Joe had an example of a 20-yen Japanese war bond with serial number 0800808. It
was a Greater East Asia War Discounted Treasury bond, sold for Y14 against amaturity value of Y20. Before the War that equated to about $6.00 (USD).After the
War it was only worth about $0.06 (USD).
Edu cat ion Pr ogr am : Harvey Warner spoke on the following topic: ?The Civil
War:Coins, tokens, currency and surprises?. It was very informative, and he had a lotof examples of coins, tokens, currency and other items relating to the genre of Civil
War.
The At t en dan ce Dr aw in g was held. Jeff Bercovitz won. It was great seeing Jeff back inperson at our meeting. The 50/50 Drawing was held, and the Club received $ 35.00.
Au ct ion? The auction was held with help by several members. We had a robust
auction and the club collected $12.00. I would note that the auctions have had a lot
more lots recently. I hope that is the case for our upcoming meeting. As a reminder if
you have items that are of higher value, let Chris know so he can publish those items
in advance.
The meeting was Adjou r n ed.
Respectfully submitted,
Gary M. Selig, Secretarygselig14@gmail.com
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Ju n e 21, 2021 - M in u t es of t h e In dian apolis Coin Clu b M eet in gOpen ? The meeting was called to order at 7:00 p.m. The meeting was held at the Northside
Events and Social Club, 2100 E. 71st., Indianapolis, Indiana. The at t en dan ce pr ize was
donated by Chris Bower. It was a Silver 1998 F Ger m an 10 M ar k .
The April 2021 Secr et ar y ?s Report was accepted as published. The May 2021 Secr et ar y ?s
Report was incorrectly uploaded by the Editor, but the secretary advised the club as to theproceedings of the previous month. The April 2021Tr easu r er ?s Report was accepted as
published.
Visit or s -There was one (1) visitor.
Repor t s of Com m it t ees ?There are still some outstanding library books due to be
returned.
Old Bu sin ess?None.
New Bu sin ess-In the May 31, 2021 issue of Coin World, there was an article titled ?A ?Most
Influential?creates his own list (pg. 35). ?The author is Brad Karoleff. In it he writes that he?put on MY roster of the most influential? and the first name he writes about is Joe Boling.
See COINWORLD.com. Congratulations to Joe!
It was also announced that the 2021 Chicago World's Fair of Money® is going forward from
August 10-14, 2021.
Nu m ism at ic f in ds:·Joe had an example of a genuine 5 pound note issued by the Bank of England on 30 May
1935. It was described as a ?White? fiber Peppiatt ?NAAFI? note. It was a circulating note that
the German Government widely counterfeited.
·Another Club member (Mr. Fleener) brought his 50th Anniversary ICC Coin Club
(1939-1989) found in a storage unit.
·Chris brought an example of a 1783 Washington Copper (token) in a PCGS holder with agrade of XF45 of George Washington, ?Lg Military?. It was from the Soho (Birmingham) mint.
They were struck from 1820-1848.
Edu cat ion Pr ogr am : Chris Bower spoke on the topic of the 1909 Hudson Fulton
Celebration in regard to the Hudson River and the Paddle Steam Boat(s).
The At t en dan ce Dr aw in g was held. Lee Mandel, son of Terry Mandel, won. The 50/50
Drawing was held, and the Club received $ 45.00.
Au ct ion ? The auction was held with help by several members.We had a robust auction andthe club collected $11.00 plus there was a $3.00 donation. (Thus the Club?s income for June
was $59).
Respectfully submitted,
Gary M. Selig, Secretarygselig14@gmail.com
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JULY, 2021

In dian apolis Coin Clu b
2021 M eet in g Dat es & Edu cat ion al Pr ogr am s
January 18, 2021 - ?Counterfeit Notes made to Deceive Collectors?- by Joe Boling* Prize sponsor: Joe Boling
February 15, 2021 - Joe Boling via Zoom (meeting snowed out)
* Prize sponsor: N/A
March 15, 2021 - The Short-Lived 20 Cent Piece - by Jim Sukup* Prize sponsor: Jim Sukup
April 19, 2021 - '2 and 3 Cent Pieces? - by Kurt Miller* Prize sponsor: Kurt Miller
May 17, 2021 - 'The Civil War: Coins, tokens, currency and surprises? - by Harvey Warner* Prize sponsor: T.B.A
June 21, 2021 - 'The Hudson-Fulton Celebration? - by Christopher Bower* Prize sponsor: Christopher Bower
July 19, 2021 - 'Counterfeit Notes made to Deceive Collectors, continued? - by Joe Boling* Prize sponsor: I. C. C.
August 16, 2021 - 'T.B.A? - by T.B.A.
* Prize sponsor: T.B.A
September 20, 2021 - Exhibit Night* Prize sponsor: I. C. C.
October 18, 2021 -'T.B.A? - by T.B.A.
* Prize sponsor: T.B.A
November 15, 2021 - ?Annual State of the Hobby Address?-by Mark Eberhardt* Prize sponsor: I.C.C.
Tuesday, December 7, 2021 ? NO MEETING - I.C.C. Holiday Banquet* For 2021 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.

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JULY, 2021

Tr eau r er 's Repor t f or Ju n e 2021:

Treasurer reports as follows: On May 21, I deposited $47 into the club's account. On June 7, I
deposited $20 (one club dues recieved), on June 7, I paid the room rental of $100 for our June
meeting, and on June 18, I paid Mary Magee $200 for the club web page. The club's checking
account balance is $25,742.52. I intend to pay the room rental for the upcoming July meetingin a few days. 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 2020-2021
Louise Boling
Board Member 2020-2021
Jeff Bercovitz
Board Member 2020-2021
Steve Howery

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Issue# 623

JULY, 2021

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# 623

JULY, 2021

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