T he P lanchet- I . C. C. MARCH, 2018

Issue#586

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 M onday, M arch 19th, 2018
Meetings of the Indianapolis Coin Club are held the third Monday of each month at
the Northside Knights of Columbus 2100 E. 71st Street in Indianapolis, Indiana.
The Meetings consist of a business session, educational program, an intermission, and anumismatic auction.
Doors open at 6:00pm, meeting will begin at 7:00pm.
1MARCH 2018

Issue# 586

A Few Words From Your Pr esident
Several Club members have discussed the possibility of hiring a bus to transportinterested members to the Central States show, which will take place this year April 26- 28 (Thursday through Saturday) in Schaumburg, Illinois. Bourse hours are 10 am - 7
pm Thursday, 10 am - 6 pm Friday, and 10 am - 5 pm Saturday, not including Early
Birds. We will gage interest from the group and discuss the possibility of doing so at
tonight's meeting.
As was announced at our last meeting, the ICC Board voted to emplace Andy
Nahrwold to fill the vacancy on the Board created when Bob Bettcher left due tohealth considerations. Andy will complete the remainder of Bob's 2017-2018 term.
Congratulations are due Andy for coming back to the board following a brief absence,and the club joins me in wishing Bob all the best in dealing with his medical concerns.
He was still in the hospital on Wednesday and a rehab facility was being considered.
For the second time within the past several months, a member that sold items in our
auction found that his money was missing. Fortunately, in both cases, the mistake
was found and corrected. It is imperative that upon completion of the auction andmeeting, members that placed items in the auction should collect their auction
sheets, money, and unsold items, make sure that the money jibes with the amountindicated on the auction sheet, and that unsold items are properly accounted for.
While members are sometimes in a hurry to leave the room upon conclusion of themeeting, take an extra moment to make sure you have only you r money, unsold
items, and auction sheet(s). Also, when receiving change from your auction purchase,count it to make sure that the correct amount was received from the runners.
Again,correct change for purchasing items during the auctions is very muchappreciated. Larger bills can be very hard to make change for, especially when
low-cost items are purchased. Doing so makes our actions run more smoothly andefficiently. Thanks for your cooperation.
Some of our newer members may not know that many Club members will congregate
in the K of C lounge before our meetings. Some get there as early as a couple of hours
in advance of the meeting. I recently talked to a member who had been coming for2

well over a year and he was not aware that members gather to meet, eat, tell stories,
swap tales, and show off recent acquisitions in the lounge. Come and join us ? wewould be happy to see you there, and I do not think that you will be disappointed.
Tonight's meeting and educational presentation is sure to be an interesting one asalways. I look forward to seeing you there!

JimSukup

INDIANAPOLISCOINCLUBEDUCATIONALPROGRAM
This month?s Educational Program will be:?M exican Silver L iber tads, Tr easur e Coin of
M exico?
by M ichael White
Next Month?s Meeting Date & Program:
Monday, April 16th, 2018, at 7 pm.
?Obscure Foreign Coins? by Paul Griffin

As hopefully all of our members know, the ICC has a library that is free to use for it's members.
Starting this month I am sending a copy of the current list of available books with each issue. 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
3MARCH, 2018

Issue# 586

Fr om Encyclopedia of Coin and Medal Terminology by Dick Joh n son

Coin Collect in g. Gathering specimens of coins in systematic fashion as an avocationor numismatic pursuit. Collecting coins appeals to every age from the child who canidentify the portrait on a small bronze piece to the senior who can understand thelanguage and symbolism on an obscure piece from a distant land or time, from theperson with limited funds to the wealthiest benefactor. Gathering coins, it has beensaid, appeal to the magpie instincts in humans who like bright, shiny objects. Contrast
this to the scientist/numismatist who likes to classify every species and subspecies, or
who likes to describe and catalog every specimen in their collection.
Coin collecting has occurred, it seems, ever since there were coins. Some ancient coinhoards that have been recovered intact indicate the pieces were assembled for theirdesign and differing characteristics, as a collection more so than an accumulation forcommerce.
For the most passionate collector, collecting coins is an emotional involvement
exhibited by the thrill of the chase, to acquire a desired specimen. After all, coincollecting appeals to very intelligent people. It fulfills a desire to complete a series; it
requires a dedicated investment in intellect, time, savings, yet still has the romance ofdistance peoples, long ago time and a miniature art form of the time. If for no otherreason we study coins because they are artifacts ? actual money that contemporary
custom had placed a value on these coined objects.
Because coins are issued by denomination, the design within that denomination iscalled a TYPE. Often a single type will be issued over a number of years as thenational authority (like a Treasury Department) attempts to supply its country with aquantity of circulating medium. Also, and particularly for large industrial countries,
they may have more than one mint. Most mints have their own mark, MINTMARK, asignature on all the coins of their manufacture. Thus collecting by types, by dates andby mintmarks are important to collectors.
Any deviation in the design or form from the normal coin ? whether intended or
resulting from a manufacturing anomaly ?results in a VARIETY of the coin in that
series. Collectors are very interested in varieties and closely study every aspect of the
coin?s design and production to identify these varieties, no matter how minute. The
discovery of a major variety is an event of major proportions in the numismatic field.
Collectors quickly learn that some specimens are not easy to obtain. The concept of
RARITY is inherent to every collector. He learns that one variety may be quite rare anda similar one quite common. Rarity is based on the number originally made and how
many of that number have survived. Numismatists have determined a SURVIVAL
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MARCH, 2018

Issue# 586

RATIO that indicates this degree for a particular rarity. Letter and number charts havebeen devised and published in numismatic literature to give a indication within arange of common to extreme rarity.
Coin Gr ou p Ter m s. Coin collecting deals with coins in groups. Here are some group
terms:
HOARD ? A retrieved group of monetary items.
SERIES ? Three or more coins with a common theme or design with a continuity ofissue.
SET ? Two or more coins issued together.
Collection ? Coins of any number gathered together for systematic study or thepleasure of ownership.
Rolls ? Coins in uniform number packaged for commerce.
Wh at t o collect ? Coin collectors first collect what is easiest for them to obtain, coinsfrom circulation, their own nationality, an inherited collection. From early beginnings
a collector typically moves into areas called specialties. He cannot collect everything at
once, so he specializes. He chooses an area of coin collecting which interests him
most and which he devotes his acquisition activities. These are also called TOPICS. (InEngland they are called thematics.)
Even the average coin collector may easily complete a SERIES. By obtaining all thevarieties of specimens within that series he accomplishes a completeness that is
psychological satisfying. From there he moves on to other specialties or topics. Or,
more often, collects several topics at a time. Thus as one series is completed he canmove on to another, occasionally selling one to finance the purchase of another.
Sometimes these pursuits are lifetime activities, particularly where a topic is open
ended and never can be ?completed.?
Choosing a topic is a very personal thing. Nobody can tell a collector what to collect. It
comes from within a collector ?s psyche. It is what gives him pleasure, and he is willingto devote the required time and money to participate. (Collecting medals and tokens
is even more selective, see the entry on MAT CODE for a list of major specialties.) see
link below
Coin collect or s. Estimates of the number of coin collectors in American range from a
few hundred thousand to as high at six million or about one in every forty Americans.
The largest mailing list is maintained by United States Mint, but critics say thisincludes coin buyers not necessarily collectors (the grandmothers who buy birth year
sets for their grandchildren, for example).
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There have been some prominent coin collectors in America. Philanthropist John
Pierpont Morgan was an active collector, as were actor Adolph Monjou, Texas oilman
Lamar Hunt, and Colonel Green (son of Hetty Green, the Witch of Wall Street). No
American president was known to have been a coin collector (like Franklin D.
Roosevelt, a stamp collector). But heads of state of other countries were coincollectors. Most impressive was Victor Emmanual of Italy who was very active. Also,
King Farouk of Egypt was a notorious coin collector.
Collect or aids. A small industry has developed to supply the collector with thenecessary accouterments to engage in collecting. Albums, envelopes, magnifying
glasses, holders, everything that could aid in examining, organizing, displaying,housing and storing specimens has been manufactured for the collector.
Collectors early realize the importance of their specimen?s condition. Determining
condition of an individual specimen may be somewhat arbitrary, so service
businesses have arisen to professionally affix a specimen?s condition andgenuineness. Following this was a related service to encase the item in plastic, now
called a ?slab.?
Numismatic books and periodicals are widely published. The largest numismatic
library is in New York City at the American Numismatic Society. It currently houses
100,000 items. Numismatic books ? and documents, auction catalogs, andtranscriptions ? are on the internet, free to all, on the Newman Portal, underwritten
by Eric P. Newman, a renowned collector, scholar and philanthropist.
Collector organizations are formed at every level, local to national, specialized tointernational. Thus collectors with similar interests can meet with others of thatinterest, discuss the COLLECTOR LORE of their mutual activity, exchange duplicates
perhaps, or just gain more knowledge of the subject. Talks at these meetings areoften illustrated with slides or the exhibition of actual specimens and information is
widely exchanged. Collectors of the same specialty quickly form a close camaraderie.
Museums frequently form and display coin collections. The three largest in the UnitedStates with the widest breadth of holdings are the American Numismatic Society witha museum in New York City, the American Numismatic Association with a museum intheir Colorado Springs headquarters, and the nation?s coin collection at theSmithsonian Institution in Washington, DC.
Look in g f or t h e m ean in g of a n u m ism at ic w or d, or t h e descr ipt ion of a t er m ? Try
the Newman Numismatic Portal's Numismatic Dictionary
at:https://nnp.wustl.edu/library/dictionary

6MARCH, 2018

Issue# 586
585

Jan u ar y 15, 2018 - M in u t es of t h e In dian apolis Coin Clu b M eet in g.
Open ? President, Jim Sukup, called the meeting to order at 7:00 PM. 39 people were present. We
met at the Knights of Columbus Hall, 2100 East 71stStreet. The door prize was announced as a
1947-D Booker T. Washington Half Dollar, donated by Chris Bower.
The Secr et ar y ?s r epor t and Tr easu r er ?s r epor t were accepted as published in the Planchet.
Visit or s? Jake Roberts, a new collector and Kurt miller and his grandpa, Tom Ferverda.
Com m it t ee r epor t s?President Sukup reported that the ICC Board had its annual Budget meetingand passed a budget which has a $580.83 deficit.The Board also decided the Club would provide adoor prize each month if the speaker decides not to provide one. The Club will treat the speaker todinner at the K of C and will again provide Exhibit Night prizes for those who Exhibit. The Club?s PO
Box will be closed and the new address of the Club will be the Secretary?s home address. The Board
also approved giving a Bronze 75th Anniversary Medal to the next five new members who join theClub this year. Also, the Club approved $500 for the promotion of the Club, to be approved by the
Board before each expenditure. Jim then read a list of the Club?s committees and asked that anyone
who wanted to be on a committee to please contact him or the Vice President, Steve Howery.
Old Bu sin ess? None
New Bu sin ess? Vinton Dove reported from the ISNA that Joyce Fischer had retired from running theannual ISNA show, and it had fallen to him, as President, to run it. He announced that ISNA would
be needing some help at the next show. The dates will be December 14 and 15, 2018. Kills! Joe
Boling attended the FUN Show and purchased some Japanese clan notes, town notes and someMunicipal notes from the mid-19thcentury for $15.00 each. They sell in Japan for $100 or more.
Dennis DeBruhl found a Washington quarter in change which has been struck several times by themint or someone outside the mint.
Th e Edu cat ion al Pr ogr am ??The Program was ?Military Challenge Coins,? by Sharon Bower, who
explained what a Challenge Coin was. (The Secretary finally knows what a challenge coin is. He wascompletely in the dark.) She had Challenge Coins on display which she had been awarded andgiven, which she explained, and they greatly enhanced the talk. Excellent, Sharon!
After the Br eak , the At t en dan ce Dr aw in g (Door Pr ize) and the 50/ 50 Dr aw in g were held.
Au ct ion ?Joe Boling ran the auction. Assisting were Sharon Bower, Donn Wray, Jeff Bercovitz, Jim
Sukup and Vinton Dove.
The meeting was Adjou r n ed at 9:05 PM.
Respectfully submitted,
Vinton Dove, Secretary
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MARCH, 2018

Issue# 586
585

Febr u ar y 19, 2018 - M in u t es of t h e In dian apolis Coin Clu b M eet in g.
Open ? President, Jim Sukup, called the meeting to order at 7:00 PM. 35 people were present. We
met at the Knights of Columbus Hall, 2100 East 71st Street. The door prize was announced as a
Silver 1976 Bicentennial Half Dollar, donated by Jim Sukup.
The Secr et ar y ?s r epor t and Tr easu r er ?s r epor t were not available in time to be published in the
Planchet.
Visit or s? Visitors included Greg Jordan, a new collector of type coins, Mark and Debbie Waldo, NateRobe, who got started collecting currency after receiving old bills from his father, Terry Mandel, whocollects Silver dollars and gold coins and long-time members, Kurt Miller and his grandpa, Tom
Ferverda.
Com m it t ee r epor t s?Young Numismatists: Vice-President Steve Howery reported on a meeting with
the Hamilton County Boy Scouts regarding the Coin Collecting Merit Badge. Library: Jim Sukup
donated several books he purchased at the library book sale.
Old Bu sin ess? None
New Bu sin ess? Long-time Board Member, Bob Bettcher resigned from the Board due to healthreasons. Bob has been with the Club and the Board for many years and on behalf of the Board andthe Club members, Jim extended a large and heartfelt thanks to Bob for his Service to us all. Andy
Nahrwold was appointed to Bob?s position by the President, and in a very brief Board meeting thisevening, the Board voted to confirm Andy in the position. Kills! Joe Boling bought some WWIIJapanese invasion money, with the ?S?s? upside down for $17.50. Jeff Bercovitz received a $2 Red
Seal U. S. Note from the bank, and our newest member, Thomas ?Woody Woods? Ohrn reported
receiving a U. S. 1798 Silver Dollar in a batch of coins he purchased from a stranger at a coincounting machine. The Dollar proved to be a counterfeit, but the Secretary presented a brass ICC
75thAnniversary medal, number 101, to Woody as one of the first five new members of 2018.
Th e Edu cat ion al Pr ogr am ? The Program was ?Coins Are Where You Find Them? by our President,
Jim Sukup. He has found many items by keeping his eyes open. His favorite place to look is in,around and under Coinstar coin machines. His ?finds? include washers, game tokens, metal
pseudo-coins and coins, including coins from Canada, Japan, Jamaica, India, Great Britain, China,
Croatia Mexico and the U. S. American coins included 42 of the new Shield cents, eight quarters,nine nickels, and others. It was a very interesting talk.
After the Br eak , the At t en dan ce Dr aw in g (Door Pr ize)and the50/ 50 Dr aw in g were held.
Au ct ion ?Joe Boling ran the auction. Assisting were Sharon Bower, Donn Wray, Steve Howery, Jim
Sukup and Vinton Dove.
The meeting was Adjou r n ed at 9:05 PM.
Respectfully submitted,
Vinton Dove, Secretary8March 2018 Auction Lotsfor 3/19/2018
Description

Grade

Additional Notes

Starting Price1978 US Proof Set

5.00

1979 US Proof Set

6.00

1980 US Proof Set

4.00

1981 US Proof Set

Type 2, Clear S

35.00

1982 US Proof Set

4.00

1856 O Seated Liberty Quarter

3.00

1857 Seated Liberty Quarter

3.00

18786 S Seated Liberty Quarter

3.00

1877 Seated Liberty Quarter

3.00

1911 Barber Quarter

4.00

1884 Liberty V Nickel

1.00

1896 Liberty V Nickel

1.00

1902 Liberty V Nickel

1.00

1907 Liberty V Nickel

1.00

1935 Buffalo Nickel

1.00

1946 Roosevelt Dime

1.50

1946 D Roosevelt Dime

1.50

1959 D Roosevelt Dime

1.50

1962 D Roosevelt Dime

1.50

1891 Seated Liberty Quarter

3.00

1898 Barber Quarter

3.00

1936 D Washington Quarter

3.00

1920 Standing Liberty Quarter

3.00

1904 Barber Quarter

3.00

1956 Roosevelt Dime

1.50

Roll-O-Wheats

1.50

Roll-O-Jeffs

Some older and UNCs

Roll-O-90% Dimes

2.50
55.00

9

March 2018 Auction Lotsfor 3/19/2018
Description

Grade

Additional Notes

Starting Price

Mintage: 1635

60.00

1911 Maundy 2 Pence

NGC PF64

1961 Quarter

NGC PF66

1.00

1957 Quarter

NGC PF66

1.00

Germany 1887 Kunigunden Medal

AU

1922 Peace Dollar

BU

21.00

1937 Walking Liberty

Fine

6.00

1939 Walking Liberty

Fine+

6.00

1947 Walking Liberty

VF

6.00

Lots of luster remaining.

8 Different Barber Quarters
1909 VDB Lincoln Cent

5.00

23.00
UNC Red/Brown

Roll-O-90% Silver Halves

9.00
Barber,Walker+2 Kennedy

110.00

3 Diff. Peace Dollars

XF/AU

56.00

1896 Morgan Dollar

BU

22.00

1987 Eagle Dollar 1oz Silver

BU

19.00

1988 Eagle Dollar 1oz Silver

BU

19.00

Of course this is just a small sampling of the lots that will be available at the meeting.
Any active member is able to submit lots for the auction. Bring them the night of themeeting. If you want them to be advertised in the Planchet simply email a list of items
to the editor. plancheteditor@gmail.com

Any listed grades are the opinion of the current owner and not the Indianapolis Coin
Club. Please inspect all lots before bidding to determine value. When possible we will
list if a coin is in a third party grading companies holder.

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MARCH, 2018

Issue# 586
585

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.

Trivia:What country was the first to produce coins made ofplatinum?
Answer is at the bottom of the treasurer 's report.

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MARCH, 2018

Issue# 586

In dian apolis Coin Clu b
2018 M eet in g Dat es & Edu cat ion al Pr ogr am s
January 15, 2018 - ?Military Challenge Coins?- by Sharon Bower* Prize sponsor: Chris Bower
February 19, 2018 - ?Coins are Where You Find Them ? - by Jim Sukup* Prize sponsor: Jim Sukup
March 19, 2018 - ?Mexican Silver Libertads, Treasure Coin of Mexico?- by Michael White* Prize sponsor: Michael White
April 16, 2018 - 'Obscure Foreign Coins' - by Paul Griffin* Prize sponsor: I. C. C.
May 21, 2018 - T. B. A. - by Jerry Coraz* Prize sponsor: T. B. A.
June 18, 2018 - T. B. A. - by Donn Wray
* Prize sponsor: T. B. A.
July 16, 2018 - T. B. A. - by Paul Vaughn* Prize sponsor: T. B. A.
August 20, 2018 - I. B. A. - by Joseph E. Boling* Prize sponsor: T. B. A.
September 17, 2018 - Exhibit Night* Prize sponsor: I. C. C.
October 15, 2018 -T. B. A. - by Harvey Warner* Prize sponsor: T. B. A.
November 11, 2018 - ?Annual State of the Hobby Address?-by Mark Eberhardt* Prize sponsor: Mark Eberhardt
Tuesday, December 4, 2018 ? NO MEETING - I.C.C. Holiday Banquet* For 2018 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 or greater 90%
silver content coin) The I.C.C. Board members and officers as well as several I.C.C. members chose to act as
sponsors and donate 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

MARCH, 2018

Issue# 586

Tr easu r er ?s Repor t 2018
RECEIPTS:
Dues - Regular @ $20.00 ea.
Dues - Junior @ $5.00 ea.
Advertising - Planchet @ $35.00 ea.
Advertising - Special Edition
Fifty/Fifty Drawing:
Donations / Auction Lot Sales:
ICC Library Book Sold (est):
Auction Lots Sheets @ $1.00 per Sheet:
Newsletter Postage Fee:TOTAL RECEIPTS:

Jan u ar y$1020.00

Febr u ar y$120.00$115.00$100.00$39.00$21.00$36.00$3.00$18.00$19.00$1198.00$293.00DISBURSEMENTS:
Dues - ANA:
Insurance - Liability:
Insurance - Treasurer 's Bond:
Mail Box Rental:
Secretary/Treasurer - Postage:
K of C Meeting Room Rent:
Exhibitors Nights Prizes:
Library Purchases:
Website MaintenanceNewsletter:- Printing/Supplies:- Postage:

Jan u ar y

Febr u ar y

TOTAL DISBURSEMENTS:$300.00

NET INFLOW / OUTFLOW:$898.00$293.00

ICC CHECKBOOK:
Balance:

Jan u ar y
$3,993.28

Febr u ar y
$4,286.28

CD Investments:$100.00$200.00

Matures

Rate

Value at Maturity

5/14/2018

1.241

6,519.78

3/15/218.995

15,137.20
21,669.03

Trivia Answer: Russia
13Th e 2018 In dian apolis Coin Clu b
Of f icer s an d Boar d M em ber s:
President
Jim Sukup
Vice-President
Steve Howery
Secretary
Vinton Dove
TreasurerMark Eberhardt
Newsletter Editor
Christopher Bower
Past President
Michael White
Sgt-at-Arms
Jim Warden
Board Member 2018-2019
Gerald Coraz
Board Member 2018-2019
Paul Vaughn
Board Member 2018-2019
Jim Roehrdanz
Board Member 2017-2018
Donn Wray
Board Member 2017-2018
Jeff Bercovitz
Board Member 2017-2018
Andy Nahrwold

14

MARCH, 2018

Issue# 586$$$$ ?ALWAYS BUYING? $$$$

VINTON DOVE

PAYING TOP PRICES FOR ALL
U.S. COINSBusiness Consultant
Collecting U.S. Coins Since 1952

DON?T SELL WITHOUT GETTING OUR OFFER!!!

Home (317) 257-1906
Cell (317) 910-4205

LARRY HYLTONBROWNSBURG, IN
ANA, ISNA-LM, CSNS-LM(317) 852-8458

Edit or ?s Not e:
The views expressed in any article are solely those of the author and do
not represent the views of the ICC, nor does the ICC endorse any
advertiser.

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!

15

MARCH, 2018

Issue# 586

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