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

Issue# 634

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 18th, 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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JULY, 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:
July 18th, 2022
Meeting start time: 7:00 PMLiber t y Dollar 2.0 &Fan t asy Not esby Gar y Seligan d Ger ald Cor az2Issue# 634

JULY, 2022

A Few Words From Your Pr esident
by Sharon Bower
Hello,First, I would like everyone to make sure that they look at the cover of theNumismatist. Congratulations to William Eckberg for writing the cover story. TheIndiana State Numismatic Association will have a table at the upcoming World?s Fair ofMoney in Rosemont, IL, table 528. Feel free to stop by. The show is August 16-20,2022. Also, our very own Planchet editor Christopher Bower will have a display at theANA show in the exhibit area.
Thank you to Don King. The club realized $43 from items donated by him to the club thatwere sold in the June auction

I hope this finds all members in good health.It is hard to believe that it is Summertime
already. I found an article on-line that, ?coin collecting often is considered to be awintertime activity.? In my opinion coin collecting occurs all year long, even when weare on vacation. When we went to South Dakota, I walked into a coin store andstarted looking at coins.
Remember to have fun on your vacation and if you have time look for an interesting
numismatic find to share with the club.
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 tEdit 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# 634

JULY, 2022

Looking at Morgan and Peace Dollars Again
By Mark Benvenuto
The year 2021 will probably be remembered for plenty of special events. One
that may end up close to the hearts of many collectors is the issuing of Morgan andPeace dollars dated 2021. A century after the last of the classic Morgan dollars, andthe first of the Peace design, these new versions have been hyped by the Mint, andare now available from dealers and on-line sources in grades as high as theoft-coveted MS-70, the coin perfect in technical detail. So why not look now back at
the classics, and see what sort of type set could be put together as something of acounterbalance to the new versions of these favored designs.
1921 Morgan dollars, and before
The final hurrah for the classic
Morgan dollars have a couple of notable
records connected with them. They arecertainly the most common of theMorgan dollars.They are also the only
year in which the ?D?mint mark of theMile High City ? Denver ? was used. The44.6 million produced at Philadelphiathat year makes this the single mostcommon Morgan dollar in the classic
series by far. The 20.3 million coined in
Denver, and the 21.6 million that came out bearing the ?S?mint mark make these two
the next two most common. And if we care to plop down $100 right now, we can land
one in a grade like MS-63 or perhaps MS-64. That?s not the uppermost flakes of theupper crust, but they?re handsome. Curiously, there are a few of the older pieces inthis series that will run about $150 for an MS-65 specimen. That pretty much qualifies
as an upper flake.
If all that seems like too much to ante up for a few good coins, well, we can set
our sights lower and still land some good looking coins. The MS-60 grade is morecommon by far, and may show bag marks and other indications of some roughhandling on their way out of the door at the Mints, but their prices can be glorious.
Something like $40 or $50 will land us quite a few of the more common dates.
1922 Peace dollars, and afterLet?s just forget about the 1921 Peace dollar, even though it would be a neatpiece to have coupled with the 2021 Peace. There?s simply too much hype connected4Issue# 634

JULY, 2022

to it being high relief, and it being a rare, key date ? even though there are more thana million of this ?rare? date on the official record. Let?s start with the 1922, the mostcommon silver dollar ever, until the Eisenhower dollars broke that record in 1971.
The 1922 Peace dollar will probably beconsidered common until the coming ofthe next Ice Age. Today an example in
MS-64 costs less than $100. Indeed, thebig jumping off point, as far as prices areconcerned, is from the MS-64 to theMS-65 grade. It appears that MS-65 is aseriously choice grade for any of thePeace dollars.
If the 1922 Peace dollar is the mostcommon of the classic silver dollars, it
may not come as too much of a surprise that the mintages began to drop right away,
and plummet after a few years. After all, this is a phenomenon seen in several otherUnited States coinage series, both classic and modern. The $3 gold pieces serve as
one example. The presidential dollars starting with Mr. Washington serve as another.
From the high of 51,737,000 Peace dollars in 1922, it took only seven years for thetotal pouring out of the main Mint in Philly to become a trickle of 848,000 in 1927. In
an interesting comparison, this less common Peace dollar costs less in every grade
than does its more common sibling, that just-mentioned ?rare? 1921. Yes, both areexpensive in a grade like MS-65, but the less common 1927 is still less costly.
One good idea for a Peace dollar short set that might accompany a 2021 Peacedollar well might be the 1922 to 1927 pieces that came from Philadelphia. Their prices
are definitely low enough that a person won?t be bankrupted putting together such agroup.
Old and new?
Some of us were serious enough about the release of the new Morgan andPeace dollars that we sat at our computers and hammered out orders right whenthese beauties became available at the Mint website. Some of us were more patient
dogs, and waited to see if there might be a bone or two tossed to us if we just waited.
And yes, some of us are patient enough collectors that we are waiting still, either topurchase these new dollars in some slab from a reputable third party grading service,or to wait and see if the price might drop in the next year or so. That?s just the way it
is ? some of us like the hype of the moment, others believe good things come tothose who wait.

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Whatever position you take in terms of the new Morgan and Peace dollars,
there are definitely some classic Morgan and Peace dates that a person can snag
without spending too much of their hard-earned, modern dollars. Building a set ofclassic silver dollars might be the ultimate way to flesh out any purchases we end up
making in terms of these newer ones.

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!

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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JULY, 2022

July 2022 Auction Lotsfor 7/18/2022
Description

Grade

Additional Notes

Starting Price

Limited Edition$100.002014 Silver Proof Set

Proof1857 Flying Eagle CentF

$15.001914-D Lincoln CentAG

$50.002021 Peace Dollar$80.002008 Hawaii Quarter w/die set$40.00

1935A Silver Cert Short Snorterroughdated 3/22/1944$15.001956 Mint Set (double)

OGP

toned

$275.00

1928A $5 FRN Chicago

VFGold Clause$35.001934 $10 FRN Chicago

VF

Light Green Seal

$20.001953 B $5 USN

AU$20.00

1928 $1 Silver Certificate

XF$22.001950 Sweden 100 Kronor

XF

1866 Canada Silver $1

P-36af$20.00Mackenzie River Specimen$14.001974 Winnipeg $1$12.001971 British Columbia $1$12.001975 Calgary $1$12.001977 QEII Silver Jubilee$12,00

3X Canada $1 1955,1965,1965

AUasw 1.8oz$35.001965 Canada 50 Cent

BU

$10.001982 Canada $1

BU$10.001782 A Prussia 1/24 Thaler

F

$7.00

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# 634

JULY, 2022

M in u t es of t h e ICC M eet in g ? Ju n e 20, 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 attendance prize
was a ?1949-D Franklin Half Dollar that was donated by Donn Wray.
The Secr et ar y 's r epor t for May 2022 was accepted as published in the Planchet. TheTr easu r er 's r epor t for May 2022 was accepted as published in the Planchet.
Visit or s - None.
Repor t s of Com m it t ees ?None.
Old Bu sin ess?None.
New Bu sin ess- None
Nu m ism at ic f in ds: Chris Bower brought an example of a slabbed Chinese antique ofa Proof 70 medal from 2018 inside another slab that was authenticated as genuine. It
was 40 mm, Brass, of Yuan Shi-Kai.
Also, Kevin Hunt brought an example of a 1927 peace dollar, MS 63, in a PCGS Doily
Holder; this type of holder was only manufactured for two weeks in 1986. Also, Kevinbrought an example of a mint error of a Type II Planchet with a rim, PCGS MS 62, for aMorgan/Peace dollar for the years 1878 through 1935.
Edu cat ion Pr ogr am : Donn Wray gave a presentation on Charter of National Bank
Notes. Donn brought numerous examples of bank notes that he displayed.
Don Fleener won the attendance prize. The Club received $41 from the 50/50, and$43 from a donation by Don King, and the club took in another $40 for dues.
Au ct ion? The auction was held with help by several members. There were 16 sheets,generating $16 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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JULY, 2022

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 - 'Liberty Dollar 2.0 and Fantasy Notes? - by Gary Selig and Gerald Coraz* Prize sponsor: Gary Selig
August 15, 2022 - 'T.B.A? - by Andy Nahrwold* Prize sponsor: Andy Nahrwold
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 werespect 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, 2022

Tr easu r er 's Repor t f or Ju n e 2022:

As of today, the club has $25,639.52 in its checking account. Sometime in the next few days, iwill mail a check for $100 for our July meeting rent.
I note that last month, the club realized $43 from items donated by Don King to the club thatwere sold in the June auction. I suggest a thank you be published in the Planchet for hisgenerosity.
In the July 2022 copy of the Numismatist, there is an article written by Bill Eckberg, whorecently became a member of our club. His photo also appears in this issue. I think it would
be nice to notice this in this month's issue. Joe Boling's photo appears in every Numismatist
issue, as he is the ANA vice president. We have some pretty distinguished club members.
Jerry C.

$3827.44

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# 634

JULY, 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# 634

JULY, 2022

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