T he P lanchet- I . C. C. AUGUST 2018

Issue# 591

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, August 20th, 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.
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AUGUST, 2018

Issue# 591

A Few Words From Your Pr esident
Our Exhibit Night will be next month, Monday, September 17. This is the perfect time
to begin thinking about your topic and assembling your display. Our members always
have compelling exhibits and I am sure that this year 's Exhibit Night will be nodifferent. This year the Club will be giving different prizes as it did for many years
prior to last year, when 75th anniversary medals were awarded. At his month's
meeting we will get a show of hands for the approximate number of members that
intend to exhibit next month. We will also get a count of those that will need toborrow display cases for their exhibit. If you have any questions about displaying yourexhibit, please talk to one of the people on our Exhibit Night Committee, those being
Vinton Dove, Donn Wray, and Jeff Bercovitz.
Remember that our nominating committee will announce a slate of officer candidates
to the club during our October meeting, and the election of officers will be conductedin November. If you would like to be considered, or would like to nominate someone,please see a member of the Nomination Committee (Vinton Dove, Jim Sukup, MichaelWhite) to express your interest.
If you have any comments, concerns, and suggestions about the Club, how ourmeetings are conducted, about our club finances, our committees, our Constitution,
our newsletter, our website, or simply anything that is on your mind about the Club,
please let me, Vice-President Steve Howery, or any of the appropriate committee
members know. This is YOUR Club. There are 13 Club officers and board members,
but each and every member is important and vital to the continued success andgrowth of the Club, both now and in the future. Are you interested in joining acommittee? Let us know! Your interest, knowledge, and input is welcomed andencouraged.
And, as I always try to say, bring a friend, spouse, relative, or neighbor along totonight's meeting - you never know who the next person that may become interested
in numismatics might be!

JimSukup,President
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Issue# 591

INDIANAPOLISCOINCLUBEDUCATIONALPROGRAM
This month?s Educational Program will be:'Banknotes at 20 Power 'byJoseph E. Boling
Next Month?s Meeting Date & Program:
Monday, September 17th, 2018, at 7 pm.
Exhibit NightAs hopefully all of our members know, the ICC has a library that is free to use for it's members. 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

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AUGUST, 2018

Issue# 591

The Not-So-Simple History Of Why We Call Dollars ?Bucks? by Caroline Bologna
Moolah. Benjamins. Stacks. Big ones. Cheddar. We have a lot of slang terms for money in the U.S.
While the meaning behind some of these terms may seem obvious, it?s less intuitive for others. ?Bucks,? which has
become synonymous with ?dollars? in modern vernacular, is one example of the latter.
So why do we call dollars ?bucks??
A widely held belief involves the use of the word ?buck? to mean ?a male animal; especially, a male deer orantelope.? Back in the 18th century, European settlers and Native Americans often traded buckskins, or deerskins,
as a form of currency.
One of the earliest cited references to bucks as currency is a 1748 journal entry from Conrad Weiser, a Pennsylvania
Dutch pioneer, interpreter and diplomat. In his journal, he described the rate for a cask of whiskey as ?5 Bucks,?
reportedly in reference to deerskins. The journal also cited a man who was ?robbed of the value of 300 Bucks.?
One deerskin wasn?t necessarily the equivalent of one ?buck,? as various factors could determine the value, like thesize, quality, age of the deer and more.
Official U.S. dollars weren?t minted until several decades after Weiser?s journal entries, but it appears buckskins andthe word buck stuck around in the currency arena.
The Oxford English Dictionary lists a usage of ?bucks? to mean ?dollars? from the Democratic State Journal in 1856:?Bernard, assault and battery upon Wm. Croft, mulcted in the sum of twenty bucks.?
Evidence from the 19th century also suggests a buckskin was sometimes the equivalent of one dollar.
Henry Howe?s 1851 Historical Collections of Ohio states, ?A muskrat skin was equal to a quarter of a dollar; araccoon skin, a third of a dollar; a doe skin, half a dollar, and a buck skin, ?the almighty dollar.?? James Buchanan?s
Sketches of the History, Manners, and Customs of North American Indians from 1824 lists ?each buck-skin one
dollar.?
Although the deerskin origin story is a popular one, there are other theories beyond this folklore.
One idea is that ?buck? is just a shortened form of the word ?sawbuck,? which is slang for a $10 bill. This is thought
to be because one of the earliest $10 bills featured the Roman numeral X, which resembles a ?sawbuck? ? a frame
for holding wood to be chopped and sawed.

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Issue# 591

Although ?sawbuck? meant a $10 bill, the shortened ?buck? generally referred to the U.S. paper currency introducedin the 1860s and later came to specify one dollar, according to Russell A. Potter, a professor of English and media
studies at Rhode Island College.
In a discussion on historian Mary Miley Theobald?s History Myths Debunked blog, Potter wrote, ?The derivation ofbuck (dollar) from the trade in deerskins is (in my view) unlikely, as the usage is quite scarce prior to theintroduction of paper currency.?
The professor acknowledged that words can have multiple origins that developed during different times and places? but posited the sawbuck theory as a more plausible explanation, especially because ?buck? didn?t become
nationally popular until the late 19th century.
?The ?sawbuck?theory has the advantage of a clearer line of plausible transmission, but even with that theory, there
are relatively few examples until late in this same period (as a casual slang term, it likely had a long gestation incommon parlance before it began to see the light of print),? Potter explained. ?I would certainly say that the deerskin
theory should not be presented as unquestionably true; offering it alongside the ?sawbuck?/ $10 theory is probably
about the best that can be done.?
Yet another theory relates the slang ?buck? to the game of poker.

A marker or counter, like a knife with a buckhorn handle in the 19th century American frontier, was passed around toindicate whose turn it was to deal.
Many believe the buckhorn handled knife in poker is the source of the phrase ?pass the buck,? which means to shift
the responsibility for something to someone else. The idea is that a player who did not want to be the dealer could
pass the buckhorn knife, that is ?pass the buck,? and make the next player take up the responsibility of dealing.
(Others say the marker was a piece of buckshot, and that?s why it was called a ?buck.?)
Silver dollars were reportedly later used as markers, leading some to believe that this is the reason people came tocall dollars ?bucks.?
Clearly, there?s no strong consensus on the origin of the word ?buck? for dollar, but most of us can probably agree
that it might be nice to have a few more in our bank accounts.
For the full story visit
https://www.huffingtonpost.com/entry/why-do-we-call-dollars-bucks_us_5b32b4e0e4b0b745f178a273

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Issue# 591

Check out this web site for an interesting article on the history of American currency.

https://www.uscurrency.gov/history

EditorTrivia:Which former First Spouse (and lover of oyster
flavored ice cream) is shown on a 1999 U.S. commemorativecoin?
Answer is at the bottom of the treasurer 's report.

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AUGUST, 2018

Ju ly 16, 2018 - M in u t es of t h e In dian apolis Coin Clu b M eet in g.

Not available at t im e of pu blicat ion .

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August 2018 Auction Lotsfor 8/20/2018
Description

Grade

Additional Notes

Starting Price

All 5 Branches

500.00

5X WWI Medal/Dollar Sets

OGP

1942 D/D Jefferson Nickle

PCGS 45

195.001883 Hawaii Quarter

PCGS 53

155.001893 Isabella Quarter

PCGS 55

275.003X 9/11 Bronze Comm. Medals

6.00

24K Plated Franklin Mint Medal

Nixon meets Brezhnev

15.00

24K Plated Franklin Mint Medal

Nixon goes to China

15.00

Roll of Washington Quarters

1930's & 1940's

100.00

Sahara Casino $1 Token

1.00

2X Playboy Casino Key Chain

Atlantic City

1.00

1922D Peace Dollar

AG

Good for low ball set.

15.00

1937 Walking Liberty Half

F-VF

w/ Provenance

6.00

Well circulated

36.00

3X Pre 1921 Morgan Dollars

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 willlist if a coin is in a third party grading companies holder.

PLEASE try to have correct change, or at least usesmaller 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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Issue# 591

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 WhiteApril 16, 2018 - 'Obscure Foreign Coins' - by Paul Griffin* Prize sponsor: Paul Griffin
May 21, 2018 - 'Von NotHaus Liberty Dollars' - by Gerald Coraz* Prize sponsor: Gerald Coraz
June 18, 2018 - 'Silver Legend' - by Donn Wray
* Prize sponsor: Donn Wray
July 16, 2018 - 'America's Ugly Duckling Coin' - by Paul Vaughn* Prize sponsor: T. B. A.
August 20, 2018 - 'Banknotes at Twenty Power ' - by Joseph E. Boling* Prize sponsor: Joseph E. Boling
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 maywin!
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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Issue# 591

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:Ju ly
$20.00$44.00$1.00$23.00

Sale of Medals
TOTAL RECEIPTS:$88.00DISBURSEMENTS:
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:
Website MaintenanceNewsletter:- Printing/Supplies:- Postage:

Ju ly

TOTAL DISBURSEMENTS:$400.00

NET INFLOW / OUTFLOW:-$312.00

ICC CHECKBOOK:
Balance:Ju ly$3922.98$300.00$100.00

Trivia Answer: Dolley Madison
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Issue# 591

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
SecretaryVinton Dove
TreasurerMark Eberhardt
Newsletter Editor
Christopher BowerPast 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

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AUGUST, 2018

Issue# 591$$$$ ?ALWAYS BUYING? $$$$

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 anyadvertiser.

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!

12AUGUST, 2018

Issue# 591

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