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

Issue# 618

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 Febr uar y 15th, 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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FEBRUARY, 2021

Issue# 618

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 .
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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FEBRUARY, 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

Th is M on t h s Edu cat ion al Pr ogr am Will Be:
February 15th, 2021
Meeting start time: 7:00 PM" Fou r an d Ou t : Th e Sh or t -Lived 20 Cen t Piece"
Presented By: Jim Sukup

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Issue# 618

FEBRUARY, 2021

A Few Words From Your Pr esident
by Sharon Bower
It is hard to believe that it is already February. February is the month of love, African
American History Month, and the Super Bowl. This time last year, I talked about themonth of love. This year I will talk a little about African American History Month.
This was retrieved fromhttps://catalog.usmint.gov/interests/african-american-history/.

HONORING AFRICAN AM ERICANHISTORY
Trailblazers are the leaders who shape history, and they change our beliefs about
what is possible. Whether their achievements are large or small, in the public eye or
known only to a select few, they expand the possibilities for all of us. The UnitedStates Mint salutes some of these African American pioneers.

Af r ican Am er ican Hist or y
M on t h
Honoring inspirational men and women and their history-making achievements.
Celebrate iconic moments in the ground-breaking Civil Rights Movement, and thework of famous African Americans with an assortment of richly detailed coins andmedals from the United States Mint. Recognizing influential trailblazers from theworlds of politics, sports, the armed forces and more, these timeless keepsakes tell4Issue# 618

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the sometimes poignant, always courageous story of American history, the American
spirit, and the will to make a difference.

TUSKEGEE AIRM EN
The U.S. Army Air Corps force is the stuff of legends? capturing military records andproving African Americans had the mettle to lead, fly military aircraft, and courage tofight in war. While the name may bring to mind the African American military pilots,
who served with distinction in World War II, the Airmen also included men andwomen who served as technicians, radio operators, medical personnel,
meteorologists, and more, as well as men and women of diverse and mixed heritage.
The final coin in the U.S. Mint?s America the Beautiful Quarters® Program, the 2021
Tuskegee Airmen National Historic Site, honors the Alabama location thatmemorializes the work and accomplishments of roughly 1,000 pilots and more than
15,000 support staff who fought for our Nation and for racial equality at home andabroad.
Just a friendly reminder that annual membership dues remain $20 per person. Club
treasurer Gerald Coraz will be available to take your dues if you need to pay for
2020/2021.

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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FEBRUARY, 2021

U.S. Tr ade Dollar s ? Ch opped an d Scar r ed
By Mark Benvenuto

The United States trade dollar may not be the single least collected coin in thewide offerings of what has come from the Mint ? but it may come close. The entire
run of dates for which circulating trade dollars were made only spans from 1873 to1878. That?s something of a shame, as the design work of Mr. William Barber isactually rather good looking, sporting a Lady Liberty who sits on a pile of goods,
meaning trade goods. That attractive artwork has in many cases taken a beating overtime, at least by the looks of what is available today.What we are talking about here
are called chop marks.

Photo from PCGScoinsfacts.com

Most collectors are aware that the trade dollar was authorized by Congress as away to move some of the silver being found in the expanding American West over toChina. The Chinese Empire had run on silver for centuries, and indeed, the tax codes
they relied on were medieval, or at least made in medieval times, and based oncollecting amounts of silver. The U.S. was awash in the metal in the late 1800?s. So theidea of sending U.S. silver to an empire that ran on it seemed like that proverbial
win-win situation.Except it wasn?t.
The Spanish had been in the business of sending big 8 reales silver coins to
China for a couple of centuries by the time the U.S. decided to hop into that arena.
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After all, Spanish colonial Mexico had been producing silver for the Spanish since theearly 1500?s and does still produce a good deal of the world?s silver even today. So thismeant that by the time United States trade dollars made their appearance on thescene, the local people running virtually any bank or trading house that used andexchanged large numbers of silver coins wanted some proof that these new coins
were good.Their solution? The chop mark.
Collectors of trade dollars know that these biggest of all U.S. dollar coinssometimes can be found with some kind of Chinese character stamped into them.
This was basically an ?okay?sign from a Chinese merchant or bank that the coin had
been accepted as good silver. There are a broad range of chop marks, and abewildering variety of characters, but the collectors who are interested in the marks
themselves (yes, there are people interested in this aspect of collecting), know theyfall into three categories. There are punch marks, made by punching some characteror symbol directly into the metal. There are what can be called relief chops, which are
not just a character impressed into the metal, but a character or symbol with an outerborder, and a design within. These can be both elaborate and beautiful. There arealso scratched chops, which as the name implies, simply are marks or Chinesecharacters scratched into the surface with some sharp object.
One thing that all the chop marks have in common is that for most collectors,
they lower the value of the coin. They represent, after all, some form of damage to anotherwise unblemished coin. But the placement of the chop on the coin?s surface, andhow skillfully it was put there, sometimes have an eye appeal of their own. And thisgives an ?in?to those of us who think trade dollars might be neat to collect, but whobalk at the prices attached to them.

https://www.pcgs.com/setregistry/dollars/trade-dollars-specialty-sets/trade-dollars-chop-mark-set-circulation-strikes-1873-1878/imagegallery/19247

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Since the trade dollar experiment did not go over particularly well, after anumber of years, the coin was actually demonetized, and those circulating within theborders of the United States were ordered to be recalled and melted. This included
chop marked coins, as long as they were not so beaten up ? repeatedly chopped, assome were ? as to make them unserviceable, or unidentifiable. And this in turn is one
reason why trade dollars have become so expensive over the course of time. Put
bluntly, no one really knows how many are left. For example, the 1877-S is the mostcommon trade dollar by far, with 9,519,000 to its official Mint record. Yet as a coin in
AU-58, it costs about $600. The 1873, by comparison, saw just 396,900 minted, butcosts only $1,000 in the same grade. In part this is because we in the collecting
community really want that ?S?mint mark when we can get it. In part it?s because no
one can be certain how much of each of them survive.
Knowing that we have an impressive string of trade dollars that were produced
over six years, and knowing that they can be expensive, one way to make inroads into
the series is to see just what beaten examples are out there ? but that still have somecharm. Looking at chop marks now becomes something more than just a passing
fancy about the economics of the nineteenth century. If a single well-placed chopbrings the price of a coin down from $600 to something like $300, it may be the way
to go, assuming the coin does not have any other scars. Most of us do not want a cointhat has been so mutilated that ?BU?stands for ?beat up,? but one or two marks thathave an attractive look and feel of their own may very well make for a curious andinteresting addition to a collection of all sorts of silver dollars. The trade dollars werea relatively short-lived experiment by the United States Mint. Yet they still can provide
an interesting collecting challenge for us today.

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FEBRUARY 2021

Fr om t h e ICC Secr et ar y:

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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FEBRUARY, 2021

February 2021 Auction Lotsfor 2/15/2021
Description

Grade

Additional Notes

Starting Price

1955 S Lincoln Cent

UNC

$1.00

1969 Lincoln Cent

UNC

$1.00

1941-1958 Lincoln Album$15.001968 PDS Lincoln Cents$1.00

1960D L/D S/D Lincoln Cents

UNC

$3.00

1972 PDS Lincoln Cents

UNC$10.001961 Lincoln Cent

Proof

$1.00

1995 PD Lincoln Cents

UNC

$1.00

1960 S/D LD Lincoln Cents

Proof$15.001936 and 1942S Lincoln Cents$1.00

1983 PD Lincoln Cents$2.00

1942 and 1943 Lincoln Cents$2.00

3x Lincoln Cents

1951S 1976D 1982D$1.00

1983 Prestige Set$32.001988 Proof Set$25.001991 Prestige Set$32.001993 Premier Silver Proof Set$22.002012 Mint Set$40.00Your 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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Jan u ar y 18, 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. by Donn Wray. The meeting was heldat the Northside Events and Social Club, 2100 E. 71st., Indianapolis, Indiana. The
at t en dan ce pr ize was announced. It was a 1935 ?S? Walking Liberty Half.
The Secr et ar y 's r epor t for December 2020 was accepted as published in the Planchet. The
Tr easu r er 's r epor t and 2021 budget was accepted and approved.
Visit or s - We had 2 visitors.
Repor t s of Com m it t ees ? Once again, please return any outstanding materials checkedout from the Club?s library.
Old Bu sin ess ? None.
New Bu sin ess - - ANA Board Member Clifford Michler is running for governor. The Club
approved and authorized to support his nomination.
Nu m ism at ic f in ds: Joe Boling had an example of a ?depression script? from the City of
Detroit. It was a $5.00 script in a pretty high grade condition. Joe had an example of both agenuine and counterfeit note. Donn Wray discussed a ?short snorter ? that he hadpurchased at the 2nd Sunday Show that he paid about $25.00 for and was able to researchand learn about the signatories found on the note.
Edu cat ion Pr ogr am : Joe Boling talked about counterfeit notes and gave an informative
talked replete with many power point slides to illustrate his lecture.
The At t en dan ce Dr aw in g was held. Aria won the attendance price. The 50/50 Drawing washeld, and the Club received $39.00.
Au ct ion ? The auction was held with help by several members. There were 6 members withauctions sheets. We had a robust auction that provided income of $14.00 to the Club.
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
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 - ?Four and Out: The Short-Lived 20 Cent Piece - by Jim Sukup* Prize sponsor: Jim Sukup
March 15, 2021 - 'T.B.A? - by T.B.A.
* Prize sponsor: T.B.A
April 19, 2021 - 'T.B.A? - by T.B.A.
* Prize sponsor: T.B.A
May 17, 2021 - 'T.B.A? - by T.B.A.
* Prize sponsor: T.B.A
June 21, 2021 - 'The Hudson-Fulton Celebration? - by Christopher Bower* Prize sponsor: Christopher Bower
July 19, 2021 - 'T.B.A? - by T.B.A.
* Prize sponsor: T.B.A
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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Bu dget 2021
RECEIPTS:
Dues - Regular @ $20.00 ea.
Dues - Junior @ $5.00 ea.
Advertising - Planchet @ $35.00 ea.
Fifty/Fifty Drawing & Auction Lots:$1100.00$25.00$175.00$400.00

Donations / Auction Lot Sales:
ICC Library Book Sold (est):
Newsletter Postage Fee:$100.00

Sale of Medals
TOTAL RECEIPTS:DISBURSEMENTS:
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:$1800.00$300.00$100.00$1100.00$25.00$$55.00Website Maintenance:
Newsletter:- Printing/Supplies:- Postage:$200.00

ZOOM$116.54

TOTAL DISBURSEMENTS:$1896.54

NET INFLOW / OUTFLOW:$-96.54

Tr eau r er 's Repor t f or Jan u ar y 2021:

My report is as follows: the club has $25,474.52 in its account as of this email. I havedeposited this month twelve checks totalling $280. Most were for $20 but two were for $40. I
will be depositing four more checks today (totalling $80). I will be sending the room rental
check for $100 for our February meeting later this month. Jerry C.Balance:$3827.44
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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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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# 618

FEBRUARY, 2021

Lost Dutchman
Rare Coins
4983 N Franklin Rd. Indianapolis, IN(317) 545-7650
Your Local Full Service Coin Shop Since 1985

Specializing in Rare U.S. & World Coins.
Thinking of selling? WE PAY MORE!
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Key Date Coins, Graded Coins, Complete Sets
Gold and Silver In All Forms
Military Collectibles

VISIT OUR WEBSITE TODAY!

http://www.LDRCoins.com
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