T he P lanchet- I . C. C. OCTOBER, 2020

Issue# 615

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 October 19th, 2020
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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Issue# 615

It is with a heavy heart that we announce the passing of long time ICC member and Board member
Paul Vaughn. Paul's wife Venus recently informed us and passed along his obituary and somephotos to share with members.

Paul was always generous with his thoughts and was willing to listen
to other points of view that might have deviated from his own. He
was passionate about Scottish and Newfoundland coins and his
presentations were distinct and informative. I especially enjoyedtalking with him in the lounge post-meeting not only about coins butlife in general. I, too, will greatly miss him, as will the Club in general.

I am at a total loss for words
to express my feelings on
this. I liked Paul very much.
He will be missed.
-Andy Nahrwold-Jim Sukup

I, too, want to say how much I will missPaul. He was a true gentleman and a very
learned numismatist. I will greatly missseeing him at our meetings.
-Gerald Coraz

I thoroughly enjoyed our conversations ? particularly
regarding Scottish coins.
-James Warden

He was one of our solid,
reliable guys.
-Donn Wray

This news hit Sharon and I pretty hard. We had justtalked to Paul a couple of days before getting the news.
Neither one us "knew" Paul but he was always
comfortable to be around. He truly enjoyed our hobby.
- Chris and Sharon Bower

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Issue# 615

COVID-19 In f or m at ion

Th e Boar d M em ber s of t h e In dian apolis Coin Clu b h ave been m on it or in g t h e
Covid-19 r epor t s closely.

Here are the restrictions for the Northside Event Center:- No events of more than 50 people- All patrons are required (by Marion County) to wear a mask other than when seatedat a Dining Room table- Guests wear a mask when entering/exiting/using the restroom/etc.
All at t en dees M UST w ear a m ask or f ace cover in g w h ile in side t h e Nor t h side
Even t Cen t er alw ays (n o except ion s an d br in g you r ow n ). If you ar e u n able t ow ear a m ask f or m edical r eason s, please st ay h om e. ALL m ask s M UST be
pr oper ly w or n .
Food or bever age w ill be ser ved in t o go con t ain er s.
At t en dees w ill sit pr oper ly dist an ced f r om each ot h er . Cou ples/ f am ilies m ay
sit t oget h er , bu t each gr ou p m u st be dist an ced (w e w ill r em ove ch air s t o en su r e
dist an ce).
YNs can cer t ain ly at t en d t h e m eet in g w it h t h eir par en t s.
We w ill h ave an edu cat ion pr ogr am .
We w ill h ave a h ave an au ct ion , w it h ext r a t ables t o spr ead t h in gs ou t an dpeople can look at t h e it em s w ell-spaced apar t .

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OCTOBER, 2020

A Few Words From Your Pr esident
by Sharon Bower
It is October and Halloween time,I hope that everyone has remained safe,
healthy, and active during the COVID-19 pandemic. I would like to solicit anyone thatwishes to be a Club Officer or Board member to please let me know and we will makeyour wishes known! We are always looking for people to fill Officer positions for the
club. The club currently has two positions open Vice President and a board member
position. Duties of our Vice President are found in our Constitution and Bylaws andare reproduced here.
The vice-president shall:
1. Arrange an educational program for each club meeting.
2. Preside at meetings if the president is not able to attend.
3. Succeed to the presidency should the president be unable to serve the remainderof his or her term.
The Indiana State Numismatic Association (ISNA) show is a go for December
3-5, 2020. Please volunteer to sit at the ICC table in December at the ISNA show topromote the Club and hand out related informational materials. A sign-up sheet isavailable both this month and in November for all of those wanting to participate.
Also, if you would like to volunteer to help with the youth auction at the ISNA show or
donate material for the auction, please see Don Fleener for details.
Please k eep t h is in m in d each m on t h : Regardless of who is giving themonthly program and/or the topic, we owe it to that person and the membership toremain quiet and pay attention during the program. It is important that we respect
the knowledge that is being shared with us as well as the time and effort the speakeris donating to our club. Thank you.
I look forward to seeing you at the next meeting.

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Issue# 615

OCTOBER, 2020

Edit or 's Not e:

I want to thank everyone who chose to participate in our writing program. I truly think it will make
The Planchet a better publication. Of the 10 people who volunteered I have already received
articles from 6 members.

There is no due date for your articles but I would like them before the end of the year.
Here is the full list of members who volunteered.
Vinton DovePaul Griffin
Jim Sukup - Submitted - Printed 8/2020
Louise Boling - Submitted - Printed 5/2020
Don Wray - Submitted - Printed 7/2020
Greg Gordon - Submitted - Printed 3/2020
Sharon Bower - Submitted - Printed 9/2020
Osman Gurtunca
John Alexandar
John Galloway - Submitted - Printed 2/2020

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
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OCTOBER, 2020

M er cu r y Dim es ? A Lit t le Bit of Beau t if u l Silver
By Mark Benvenuto

Not many coin designs get a second lease on life.Our gold and silver bullioncoins have obverses that are reprises on classics, but for years these were the only
two such entries in the race, as it were. Now, the little bits of silver that are the
Mercury dimes have seen their image re-worked and re-used on our palladiumbullion coins, as well as on a special gold issue. So why not take a moment and lookback on the Mercury dimes, and see just what sort of collection a person canassemble today?
The Mercury dimes, sporting the artistry of Mr. Adolph A. Weinman, spanned
from 1916 up to 1945, and for the most part saw hefty mintages. Every collector who
has ever looked at them in any detail is aware of the blazing rarity right up front, the1916-D. Yet for those of us who like to ?run the numbers,? to borrow a phrase, the1916-D appears to be something of a concocted rarity. It appears to be based only oncollector demand, and not really on the ultimate number. After all, there are 264,000of them given as the official tally from the Denver Mint, and yet a piece in the
not-at-all-good grade of G-4 commands nearly one thousand dollars. To compare,plenty of Seated Liberty half dimes saw mintages far lower, and cost only a fraction ofthis, even in higher grades. To make an even more dramatic comparison, the entire $3
gold piece series never saw a mintage that high, and yet has numerous dates that
often cost less. Yet the 1916-D stands aloft amidst this crowd, apparently coupled
forever to high prices.
Okay, so besides the 1916-D, for those of us who do not wish to dump a bucketof money out for a single ten-cent piece, what sort of Mercury dime collection can aperson put together? The short answer is: a really big one! If we want to spend no
more than something like $10 per coin, there are actually plenty of Mercury dimesthat a person can gather, usually in grades like AU-50, although starting at the 1936
we might even be able to grab some in MS-60.
The year 1936 is not a particularly special one among the string of dates thatmakes up the Mercury dime series, but it was the highest mintage of the series up tothat time, with 87.5 million to its count.Any way you stack them, that?s a lot of dimes!
This tally would be surpassed in 1941, when the total jumped to slightly more than
175 million. And massive numbers like these provide us with the possibility ofsnagging some truly high grade pieces, probably at pretty low prices. Looking throughany of the standard price guides we find that a common date towards the end of thisseries usually rings in at about $25 - $50 in a solid MS grade. The difference depends
on a designation unique to the series, FSB.
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Issue# 615

OCTOBER, 2020

What are called ?full, split bands,? or FSB specimens, of the Mercury dimes arethose on which the middle bands on the fasces on the reverse of the coin have been
struck up fully. To be fair to all involved, there are some serious collectors of thesedimes who gush over that small difference, while there are others who consider thisnothing more than what gets called ?microscope collecting. ?Take whichever side ofthe debate you?d like. Both sides end up with beautiful pieces, especially when we aretalking about these dimes in a grade like the MS-65.

photo courtesy of https://www.pcgs.com/coinfacts/coin/1938-10c/5010

Since we have now arrived at the cream of this particular crop, it would be
remiss for us to pass over those few Mercury dimes that so many people do indeed
pass over, simply because they perceive them to be too expensive. We are talking
about those wonderful few made each year from 1936 to 1942: the proofs.
The entire proof coin program of that time frame was tiny compared to themassive outpouring of these special coins we are accustomed to today. The 1936, forexample, saw only 4,130 proof dimes produced. By 1942 things had gotten better,with 22,329 as the official total. While this is a move in the right direction, it is
nowhere near what the program developed into in the 1950?s, where the one million
mark was smashed in 1957. But what is amazing is the estimated price tags of the last
three years of this short span of proof dimes. Some of the larger monthly grade
sheets list these as costing about $200 in a grade like PF-65.We?ll add, that?s if we canfind one. So, in a brief, armchair quest to gather more information, a trip to the 24-7,
never-ending swap fest that is eBay revealed that a 1940 PF-67 was listed at justunder $400.As well, there were some lower graded proofs ? all of these in third party
grading service slabs ? starting at about $200 for a PF-63.
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OCTOBER, 2020

Concerning these proof dimes, let?s do a bit more math here. That
just-mentioned 1940 had a mintage of 11,827 coins, and there was a total of
65,350,000 that came out of the main facility in Philly that year. The price tag for the1940 as a PF coin was $400. The price for a piece as MS-65 is about $50. So, the cointhat is over 5,500 times less common costs about eight times as much? If the 1916-D
we talked about at the beginning is a hideously overpriced key date, the 1940 proof isa sleeper that makes Rip van Winkle seem like a guy taking a light nap. For those of us
who never spend more than something like $50 per coin for anything in ourcollection, this might just serve as a wake up call.
Palladium and gold coins with Mr. Weinman?s classic image on the obverse may
be coins that are in the public eye right now, but we?ve just seen that some great
potential still rests among the classic Mercury dimes. There are plenty of circulation
strike pieces that can still be found, as well as the possibility of a proof or two at
wonderful prices. It looks like there is indeed still some great value in a little bit ofsilver.

At t en t ion : Special M essage
This Monday, 10/19/2020, we will have our 3rd face to face ICC meeting since February. All
members are invited. For those that are not comfortable attending or cant/wont abide by the mask
requirement there will be a Zoom option. The minimum requirement to view the meeting is to havea computer with speakers. In order to participate you will also need some sort of camera, either
built in to your computer or an external one. In addition you will need a microphone. Most current
model laptop computers have this stuff built in.
Anyone that received a Zoom meeting invite from me will get one again this month.
This weekend I will be sending an email to everyone who responded with instructions on
how to participate.
plancheteditor@gmail.com

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OCTOBER, 2020

Please Ret u r n Over du e Book s Bor r ow ed Fr om t h e ICC Libr ar y!
The ICC Library Committee respectfully requests that members who have checked out books fromthe ICC library return them at the next meeting you are able to attend. While most members do
return materials borrowed within two or three months, there are several that are well past due.
Here is a list of those with outstanding books that were borrowed over one year ago:
Name Date Title
Glenn S. 7/28/14 German Church & City Talers
Jim H. 6/27/16 Money - History in Your Hands (Video copy 1)
Nicolas C. 9/17/18 Coins Questions & Answers
Nicolas C. 9/17/18 Strike it Rich With Pocket Change
Andy N. 9/17/18 Moneys of the Bible
Jim A. 7/15/19 Cherry Pickers Guide 6th Edition
And those with books that were checked out less than one year and more than six months ago:
Name Date Title
Andy N. 10/21/19 Numismatic Issues of the Franklin Mint 1969
Paul V. 11/18/19 The Standard Guide to Lincoln Cents
Dennis D. 2/17/20 Money - History in Your Hands (Video copy 2)
Gloria M. 2/17/20 Numismatic Grading Standards
Gloria M.2 /17/20 Lost & Found Coin Hoards & Treasures
We certainly understand that our regular meetings have been upended this year because the Club
did not meet for a period of five months due to concerns over Covid-19. We just ask that you returnthe materials at the next meeting you feel comfortable attending.
Please note that when returning books, make sure that you cross your name off of the list so we cankeep the list of books that are checked out current.
Also, a list of publications that are available from the library is found on the ICC website. If you
would like a specific book or books, please email jsukup@rpiratings.com and it will be brought toour next meeting if available.
Thanks for using the ICC library, and we hope to see you at our next meeting!
Sincerely,
Jim Sukup
ICC Library Committee

9Issue# 615

OCTOBER, 2020

October 2020 Auction Lotsfor 10/19/2020
Description

Grade

Additional Notes

Starting PriceYour items could be listed right here. It is free for members to put items in
the auction and have them advertised in the Planchet.

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.

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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OCTOBER, 2020

Sept em ber 21, 2020 - 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 Knights ofColumbus Hall, 2100 E. 71st., Indianapolis, Indiana. The attendance prize was announced, a 1964
Kennedy Half Dollar.
The Secr et ar y 's r epor t for August 2020 was accepted as published in the Planchet. The Treasurer 'sreport for August 2020 was given orally at the meeting.
Visit or s - We had 1 visitor.
Old Bu sin ess ? Chris is looking for articles for the ISNA show. Also, it was mentioned that there are
overdue library books that need to be returned to the Club.
Repor t s of Com m it t ees ? None.
New Bu sin ess - Sharon mentioned that election of officers and board members will be held at the
October meeting. Also, it should be noted that at the beginning of the meeting there was a momentof silence to honor the passing of Paul Vaugh and some members spoke about some of theirmemories of Paul. Finally, the ISNA State show will be held 12-3, 12-4, and 12-5.
Nu m ism at ic f in ds: I believe Joe Boling presented and showed an example of an advertising note inregard to Lord Nelson. Also, Chris presented and showed an example of an American Eagle that hereceived that was certified and signed by Barry Stupple, ANA President from 2007-2009 for making a
donation.
Edu cat ion al Pr ogr am ? Tonight the club heard from Donn Wray and the title of his program was?Short Snorter: Game Over ?.
The At t en dan ce Dr aw in g was won by our visitor and the 50/50 Drawing was won by Don Fleener.
Au ct ion -- The auction was held. Joe Boling did is usual excellent job. We received $3.00 from theAuction Sheets and $5.00 from the Library Overstock.
The meeting was Adjou r n ed.
The next meeting will be held in person on October 19, 2020.

Respectfully submitted,
Gary M. Selig, Secretarygselig14@gmail.com

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OCTOBER, 2020

In dian apolis Coin Clu b
2019 M eet in g Dat es & Edu cat ion al Pr ogr am s
January 20, 2020 - ?Masonic Tokens?- by Gary Selig* Prize sponsor: Joe Boling
February 17, 2020 - ?Barber Quarters? - by Jim Roehrdanz & Jerry Coraz* Prize sponsor: Jim Roehrdanz & Jerry CorazMarch 16, 2020 - Meeting canceled due to COVID-19* Prize sponsor: N/A
April 20, 2020 - Meeting canceled due to COVID-19* Prize sponsor: N/A
May 18, 2020 - Meeting canceled due to COVID-19* Prize sponsor: N/A
June 15, 2020 - Meeting canceled due to COVID-19* Prize sponsor: N/A
July 20, 2020 - 'Florence Nightingale: More Than the Lady With the Lamp' by Helen-Louise Boling
Via - ZOOM
* Prize sponsor: N/A
August 17, 2020 - 'Benedetto Pistrucci and the Waterloo Medal' by Christopher Bower* Prize sponsor: Christopher Bower
September 21, 2020 - 'Short Snorter: Game Over ' by Donn Wray
* Prize sponsor: Donn Wray
October 19, 2020 -T. B. A. - 'US Coin Shortage: Running Low on Dough ' by Andy Nahrwold* Prize sponsor: Andy Nahrwold
November 16, 2020 - ?Annual State of the Hobby Address?-by Mark Eberhardt* Prize sponsor: I.C.C.
Tuesday, December 1, 2020 ? NO MEETING - I.C.C. Holiday Banquet* For 2020 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.

12Issue# 615

OCTOBER, 2020

Tr easu r er ?s Repor t Oct ober 2020
RECEIPTS:
Dues - Regular @ $20.00 ea.
Dues - Junior @ $5.00 ea.
Advertising - Planchet @ $35.00 ea.
Fifty/Fifty Drawing & Auction Lots:$$$$51.00Donations / Auction Lot Sales:
ICC Library Book Sold (est):
Newsletter Postage Fee:
Sale of Medals
TOTAL RECEIPTS:$51.00DISBURSEMENTS:
Dues - ANA:
Insurance - Liability:
Insurance - Treasurer 's Bond:
Mail Box Rental:
Secretary/Treasurer - Postage:
K of C Meeting Room Rent:
Door Prizes (11 Months)
Exhibitors Nights Prizes:
Library Purchases:
Speaker Meals:$$$100.00$$$

Website Maintenance:
Newsletter:- Printing/Supplies:- Postage:

$

ZOOM

$14.99TOTAL DISBURSEMENTS:$114.99

NET INFLOW / OUTFLOW:$-63.99

Checking Balance$25549.04

Both CD's have matured and those funds have been moved to the checking account.
ICC CHECKBOOK:
Balance:2020 Bu dget
$3827.44
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OCTOBER, 2020

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 2019 In dian apolis Coin Clu b
Of f icer s an d Boar d M em ber s:
President
Sharon Bower
Vice-President
Andy Nahrwold
Secretary
Gary Selig
Treasurer
Gerald Coraz
Newsletter Editor
Christopher Bower
Past President
Jim Sukup
Sgt-at-Arms
Jim Warden
Board Member 2020-2021
Vinton DoveBoard Member 2020-2021
Paul Vaughn
Board Member 2020-2021
Jim Roehrdanz
Board Member 2019-2020
Donn Wray
Board Member 2019-2020
Jeff Bercovitz
Board Member 2019-2020
Steve Howery

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Issue# 615

OCTOBER, 2020

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Issue# 615

OCTOBER, 2020

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