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

Issue# 638

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 November 21st, 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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NOVEMBER, 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:
November 21st, 2022
Meeting start time: 7:00 PMAn n u al St at e of t h e Hobby
by M ar k Eber h ar dt2

Issue# 638

NOVEMBER, 2022

A Few Words From Your Pr esident
by Sharon Bower
Greetings, Numismatists!
It is November and it is election time for the Indianapolis Coin Club. The coin club will
be meeting again in November, this is our last planned meeting for the year. The
following positions will be voted on at the club meeting:
OfficeCurrent

Nominees

President

Sharon Bower

Sharon Bower

Vice-President

Donn Wray

Donn Wray

Secretary

Gary Selig

Jim SukupTreasurer

Gerald Coraz

Gerald Coraz

Sgt-at-Arms

Jim Warden

Jim Warden

EditorChris Bower

Chris Bower

Past President

Jim Sukup

Jim Sukup

Board Members 23-24 Vinton Dove

Vinton DoveBoard Members 23-24 Andy Nahrwold

Andy Nahrwold

Board Members 23-24 Jim Roehrdanz

Jim Roehrdanz

Hope you all had some spooky Halloween fun. It is hard to believe that fall is in fullswing and soon we will be bundling up and donning our winter gear preparing for thewhite stuff! As I write this, we are only 49 days away from Christmas! And as we thinkabout holiday giving, remember that coins are the gifts that keep on giving as theprice of our numismatic treasures tend to rise over me

Sh ar on Bow erClu 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.

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Issue# 638

NOVEMBER, 2022

What is lawful money? How is it different fromlegal tender?
"Lawful money" is a term used in theFederal Reserve Act, the act that authorizes theBoard of Governors of the Federal Reserve System to issue Federal Reserve notes. The Act
states that Federal Reserve notes "shall be obligations of the United States and shall bereceivable by all national and member banks and Federal reserve banks and for all taxes,
customs, and other public dues. They shall be redeemed in lawful money on demand at theTreasury Department of the United States, in the city of Washington, District of Columbia,
or at any Federal Reserve bank." The Act did not, however, define the term "lawful money,"
but up until 1913, the only currency issued by the United States that was legally recognizedas "lawful money" was various issues of "demand notes" (subsequently known as "olddemand notes") and "United States notes" authorized by Congress during the Civil War.
At the time, some currency was not considered legal tender, although it could be used bynational banking associations as "lawful money reserves." Thus, the term "lawful money"
had a broader meaning than the term "legal tender."In 1933, Congress changed the law so that all U.S. coins and currency (including Federal
Reserve notes), regardless of when issued, constitutes "legal tender " for all purposes.
Federal and state courts since then have repeatedly held that Federal Reserve notes arealso "lawful money."Milam v. U.S., 524 F.2d 629 (9th Cir. 1974), is typical of the federal andstate court cases holding that Federal Reserve notes are "lawful money." InMilam, theUnited States Court of Appeals for the Ninth Circuit reviewed a judgment denying relief toan individual who sought to redeem a $50 Federal Reserve Bank Note in "lawful money."
The United States tendered Milam $50 in Federal Reserve notes, but Milam refused thenotes, asserting that "lawful money" must be gold or silver. The Ninth Circuit, noting that
this matter had been put to rest by the U.S. Supreme Court nearly a century before intheLegal Tender Cases(Juilliard v. Greenman), 110 U.S. 421 (1884), rejected this assertion as
frivolous and affirmed the judgment.

For more information visit:https://www.federalreserve.gov/faqs/money_15197.htm

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NOVEMBER, 2022

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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NOVEMBER, 2022

November 2022 Auction Lotsfor 11/21/2022
DescriptionGrade1923 Peace Dollar

UNC

31 US Mint Medals

UNC

2007 ASEGem

Additional NotesStarting Price$20.00Presidents$30.00$20.002014 Kennedy Half Set 4 piece

Proof, Enhanced, UNC +$60.00Your 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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NOVEMBER, 2022

M in u t es of t h e ICC M eet in g ? Oct ober 17, 2022

Open - 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 (a 1923 Peace Dollar) wasdonated by Bill Eckberg.
The Secretary's report for September 2022 was accepted as published in the Planchet, by a duly
made motion that was seconded. The Treasurer&#39;s report for September 2022 was accepted as
published in the Planchet, by a duly made motion that was seconded.
Visitors - We had three (3) visitors, include a young lady age (8).
Reports of Committees ? None.
Old Business ? None.
New Business The club received an e-mail from the Indiana State Museum to determine whether the club had aninterest to participate in a program hosted by the Museum on 2/20/2023.
ANACS will be at the State Show.
Happy Birthday to Joe Boling (80 years young)
The Slate for next years officers and board members were discussed; elections will be at
the November 2022 meeting.
Numismatic finds:
Bill Eckberg presented a new variety of for a 1943 Lincoln Steel Cent. The ?9? was strongly doubled,
among other distinctive attributes.
Joe Boling presented a 1934 ?K? counterfeit Federal Reserve Note. There is no such thing as a ?KE?
block. Also, he presented a 20 Franc Note. ?3,05 Euros? with a counterfeit overlay. The red ink isfrom an inkjet; the black area is from an inkjet; the serial number(s) covered up. Joe purchased thisfrom a known counterfeiter.
Education Program: Bill Eckberg gave a fascinating talk from his article in regard to politics innumismatics. I have oversimplified his talk which is very informative and published in theNumismatist magazine.
Auction ? The auction was busy. There were 14 sheets ($14 to the Club) and a donation of $4.
Fifty-Fifty: Your secretary won the 50/50 with the club receiving $51.
The meeting was Adjourned.
Respectfully submitted,Gary M. Selig, Secretarygselig14@gmail.com
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NOVEMBER, 2022

In dian apolis Coin Clu b
2022 M eet in g Dat es & Edu cat ion al Pr ogr am sJanuary 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 - 'From Mongolia to Russa and Beyond? - by Andy Nahrwold* Prize sponsor: Andy Nahrwold
September 19, 2022 - Exhibit Night* Prize sponsor: Gerald Coraz
October 17, 2022 -'T.B.A? - 'The Politics of Early American Coinage' - by Bill Eckberg* Prize sponsor: Bill Eckberg
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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NOVEMBER, 2022

Tr easu r er 's Repor t f or Oct ober 2022:

As of today, the club has $25,078.52 in the club checking account. I will shortly be mailing acheck for room rental to the North Side Events &Social Club in the amount of $100 for
November 's meeting. No further activity to report.
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 Howery9Issue# 638

NOVEMBER, 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# 638

NOVEMBER, 2022

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