T he P lanchet- I . C. C. JUNE 2023

Issue# 644

A.N.A. C-131170 - I.S.N.A. LM 243 - C.S.N.S. L-600

Established 1939 and celebrating over 80 years of service
to the coin collector.

The next meeting will be June 19th, 2023
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.
1Issue# 644

JUNE, 2023

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:
June 19th, 2023
Meeting start time: 7:00 PMIn dian a Nat ion al Cu r r en cy / Tr ack& Pr ice Tu t or ial

by Kevin Hu n t2

Issue# 644

JUNE, 2023

A Few Words From Your Pr esident
by Sharon Bower
Happy June everyone. I hope everyone is enjoying the warm weather. Not much to say this month.
Chris and I are will be on vacation for the meeting so this week has been a lot of preparations. I did
want to make sure that everyone heard that local coin/currency dealer Jeff Paunicka passed away
earlier in the month. A link to his obituary is below.

Everyone have fun and we will see you in July.

Sh ar on Bow er
Clu b Pr esiden t
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.

Jef f Pau n ick a
1954-2023
https://www.burnsfuneral.com/
obituaries/Jeffrey-Paunicka/#!/Obituary3Issue# 644

JUNE, 2023

Are Any of Us Collecting Nickel Three-Cent Pieces?
by Mark Benvenuto
There are several United States coin designs from the mid-1800?s that are the artistry of Mr.
James Longacre. We might remember him for his work on smaller denominations, such as the Flying
Eagle cent, or for the biggest of guns, the $20 double eagles ? two of his designs that remain quite
popular. But sandwiched in there somewhere is a design that it is fair to say many of us look at, but
to which we don?t give much thought. We?re talking about the humble but attractive nickel
three-cent piece.
Plenty has been written about why the nation needed a three-cent piece in the middle of the1800?s, and in the midst of the biggest war we had ever fought. More has been written about why
two completely different designs were used together for almost a decade. But less often do we lookat the nickel three-cent pieces and see just what sort of collection a person could assemble without
steam rolling their wallet. Let?s take a peek at just what might be available.

Regu lar issu es
For some collectors, a single nickel three-cent piece is all they want to get their hands on. Itfills a space in a greater collection of type coins. That means chances are good that such collectors
will snag an 1865 piece, the first date of issue, simply because it is by far the most common. That
first year of issue was a monster for the nickel three-cent pieces. Like plenty of other classic UnitedStates coin series, this first year of issue saw and explosion of the new coin into the channels ofcommerce and the public. In this case, a total of 11,382,000 of these new, base metal coins werepounded out. They probably made a splash when they were first released, and remain pretty easy
to find today. Mint state specimens can cost a bit, but some good looking example with a bit of wear
on it will probably run no more than $50.
Th e com m on dat es
Beyond a single coin for some type set, the nickel three-cent pieces becomes a series that
resembles a rollercoaster, meaning there are some rather high highs, and some remarkably low
lows. For the highs, which means those that are easily collectible, we have about ten years in which
total Mint outputs were in the millions, or at least near one million. That means there are at least
this many dates that we might be able to add for no higher a price tag than the 1865.
While the run of high mintage pieces tends to be at the front end, curiously, there is one datetowards the tail end ? the 1881 ? that again jumped up to just over a million, even though dates
immediately before and after that are very rare. So, while a run of the common date nickel
three-cent pieces will be heavy towards the front of the series, this one later date gets tacked onto
the list as well.
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JUNE, 2023

Th e lean year s
A person can argue about when the rare years begin for the nickel three-cent pieces. Somefolks will make the claim that the 1876 marks the spot, with only 162K to that annual total, whilesome might claim that is enough to satisfy the collector community today. Others might claim thatthe 1879 is the beginning of tiny mintages, with only 38K to its tally. Still others might claim that the?proof only? years of 1877 and 1878 mark the spot. Whatever the case though, there are nearly ten
years in which these small pieces are rare enough that we can only wonder if they were just anafterthought at the Mint.
Defending the idea that this coin became an afterthought, and picking on the year 1885, with
its teeny, tiny total of 1,000 regular issue pieces, let?s do a comparison with the very common 1865.
If the 1865 pieces were all indeed coined that year (and not later, but still dated 1865), and even if
Mint employees worked six days each week for ten hours per day, for all 52 weeks in the year, weget 11,382,000 coins produced in 3,120 hours of labor. That comes out to 3,648 pieces per hour.
Therefore, producing the 1,000 pieces of 1885 took less than 1/3rd of an hour ? or about 20
minutes! Yes, we?ll stick with the claim that the nickel three-cent piece had become an afterthought
after twenty years of production.

All t h in gs con sider ed?
A full collection of nickel three-cent pieces is going to be a tough assembly to bring together.
We?ve alluded to two years in which proofs were the only ones made ? always tough coins to findand costly ones to purchase. We?ve mentioned that there are about ten years towards the end of
the series in which mintage's were always low. These too will be tough to find. But looking on thebright side of things, there are ten years in this span of time in which the annual mintages ranged
from three quarters of a million pieces all the way up to 11.3 million. Those are dates that a person
can hunt down and put into a decent set.It seems then that it?s certainly possible to think of thisclassic series in terms that are greater than a single type set coin. Whether or not lots of us arecollecting these, it looks like we can really enjoy Mr. Longacre?s work if we have the patience to findsome handsome looking common dates.

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JUNE, 2023

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.

6Issue# 644

JUNE, 2023

June 2023 Auction Lotsfor 6/19/2023
Description

Grade

Additional Notes

Starting Price

Take the sheet deal* * *Donn Wray to explain$160

1957A &B $1, 1963A FRN

Granahan/Dillon$20

1963 $2 USN

Granahan/Dillon$15

1950C $5 FRN

Smith Dillon$10$10 FRN 1950C, D & 1963$60

$20 1950C & 1950D$60

1951 Crown Great Britain

Prooflike

Festival of Britain w/Box$12Your 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# 644

JUNE, 2023

M in u t es of t h e M ay15, 2023 ICC M eet in gOpen - The meeting was held at the Northside Events and Social Club, 2100 E. 71 St.,
Indianapolis, Indiana, which was called to order at 7:07 p.m. by ICC President Sharon Bower.
The At t en dan ce Pr ize was a 1927-S Liberty Walking Half Dollar donated by Joe Boling. There
were 30 people in attendance.
The Secr et ar y 's Repor t for April 2023 was accepted as published in the Planchet, by a duly
made motion that was seconded and passed by the membership. The Tr easu r er 's Repor t forApril 2023 was accepted as published in the Planchet, by a duly made motion that wasseconded and passed by the membership.
Visit or s? There were two visitors at this meeting.
Repor t s of Com m it t ees? There were no reports from any of the Committees.
Old Bu sin ess? There was no old business that was reported on.
New Bu sin ess?Jim Sukup gave an update to the ICC current membership roles as follows:
through mid-May, the Club had 59 dues-paying members, including 1 Junior member, 5 Lifemembers, and 2 exempt members, for a total of 66 members.
Nu m ism at ic Fin ds: Steve Howery found several silver coins and new quarters in Coinstar
machines, and Anthony Meeks found an Indian Head cent in circulation.
Edu cat ion al Pr ogr am : Joe Boling gave this month?s educational presentation, titled ?Official
Counterfeiting.? Joe?s PowerPoint presentation showed examples of ?official? counterfeit
notes, which were produced by and circulated in warring countries to try to damage andweaken the economy of the enemy, along with differences in real notes produced by thecountry in question. Some ?official? counterfeits were very good and quite hard to tell apartfrom the real currency without close examination. A couple of examples: The British produced
counterfeit Continental Dollars and placed them into circulation during the War ofIndependence in an effort to throw doubt into the faith of the American economy. During theCivil War, Philadelphia-based Samuel Upham produced Confederate $5 bills that he sold asnovelties with his name and address on them for a few cents. Appearing superior to actual
Confederate bills, southerners bought them up to use in the south even though Upham?sintent was apparently not to disrupt the south?s economy. Several other examples of ?official?
counterfeits were shown during the presentation.
Au ct ion - The auction was about as busy as usual. There were 15 auction sheets, with $15.00
going to the Club.
Fif t y-Fif t y Dr aw in g: The prize for the 50/50 drawing totaled $112.00, with the club receiving$56.00 and the winner $56.00. The At t en dan ce Pr ize was also presented.
The meeting was adjou r n ed at 9:06 p.m. The next meeting will be on Monday, July 17, 2023.

Respectfully submitted,
Jim Sukup, Secretary (jsukup@rpiratings.com )8

Issue# 644

JUNE, 2023

In dian apolis Coin Clu b
2023 M eet in g Dat es & Edu cat ion al Pr ogr am s
January 16, 2023 - ?1933 US Gold and Executive Order 6102?-by Kurt Miller* Prize sponsor: Kurt Miller
February 22, 2023 - 'Karl Goetz - Misunderstood?? - by Christopher Bower* Prize sponsor: Christopher Bower
March 20, 2023 - 'Buffalo Nickels' - by Vinton Dove* Prize sponsor: Gerald CorazApril 17, 2023 - 'Episcopal War Service Crosses: A Mark of Identity? - by Louise Boling* Prize sponsor: Louise BolingMay 15, 2023 - 'Official Counterfeiting' - Joseph Boling* Prize sponsor: Joseph Boling
June 19, 2023 - 'Indiana National Currency? - by Kevin Hunt
* Prize sponsor: Kevin Hunt
July 17, 2023 - 'T.B.A? - T.B.A* Prize sponsor: T.B.A
August 21, 2023 - 'T.B.A? - by Andy Nahrwold* Prize sponsor: Andy Nahrwold
September 18, 2023 - Exhibit Night* Prize sponsor: I. C. C.
October 16, 2023 - 'T.B.A' - by Jim Roehrdanz* Prize sponsor: Jim Roehrdanz
November 20, 2023 - ?The Annual State of the Hobby Address?- Mark Eberhardt* Prize sponsor: T.B.A.
Tuesday, December 5, 2023 ? NO MEETING - I.C.C. Holiday Banquet* For 2023 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.

9Issue# 644

JUN, 2023

Tr easu r er 's Repor t f or M ay 2023:
My treasurer 's report is as follows: the Indianapolis Coin Club has $25,727.77 in its checking account. The
only expenditure since our last meeting is for the room rental of $100 for the upcoming meeting on June
19, 2023.

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
Jim Sukup
Treasurer
Gerald Coraz
Newsletter Editor
Christopher Bower
Past President
Jim Sukup
Sgt-at-Arms
Jim Warden
Board Member 2023-2024
Vinton DoveBoard Member 2023-2024
Andy Nahrwold
Board Member 2023-2024
Jim Roehrdanz
Board Member 2022-2023
Louise Boling
Board Member 2022-2023
Jeff Bercovitz
Board Member 2022-2023
Steve Howery

Wildm an Coin s
Christopher Bower
ANA# LM7017
Specialist in World Coins,
Tokens, and Medals

443-786-6584
ch r isb8626@m sn .com

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Issue# 644

JUNE, 2023

Th e Coin Hu n t

317-500-3779
7172 N Keyst on e Ave,
Su it e F
In dian apolis, IN 46240

Closed M on day
Tu e-Fr i 10:30AM -5:30PM
Sat 10AM -2PM

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Issue# 644

JUN, 2023

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