From Your President
What a difference a few months make! Since the last newsletter, quite a bit has happened. Thanksgiving, Christmas, and the New Year have come and gone. Then came the Blizzard of 2026 and subsequent deep freeze, which is finally starting to show
signs of thawing, although I’m none too happy with that groundhog. And Indiana University football playing for the national championship and winning it, causing among other things the first cancelled Indianapolis Coin Club meeting due to a sporting event, in my memory at least. And silver! What a run it’s had. When I last typed the President’s Message in November it was right around $50 per ounce. Since then, it shot up, up, up to a high of more than $115 last week, and then it came crashing down $40 in one day! And now as of publication it’s back up to around the $85 level. Silver dimes melting for $6 – more on that later. I’ve never seen anything like it.
I attended the Florida United Numismatists (FUN) show in Orlando last month. It was quite well attended, and I saw more than a few familiar faces. And we’ve got plenty of local and regional coin shows coming up to look forward to. At the December Holiday Banquet the new officers and board members were installed. Louise Boling has stepped down as ICC board member, and Scott Grant has been installed in her place. I want to thank all the current and former club officers and board members for their service to the club, and to the hobby.
Now about that silver dime. As a part time coin dealer, I’m seeing a lot of seller’s remorse. Perhaps that’s the wrong word for it, but as a collector when the price gets high enough that you’re ready to sell, but the coins you’ve collected over years or decades bring no more than the silver or gold value of the coin, well that’s just heart breaking. I’m seeing brilliant, uncirculated sets of all denominations being sold for melt. I know it’s happened in the past; previously when prices rose, I had bought brilliant uncirculated coins from Bob Bettcher or from Vinton at spot prices, but I never before considered it from their point of view. I cannot fathom the quality and quantities of coins even now being shipped to the refiners, to eventually be reincarnated as a silver round or bar. The thought of all that luster and those cartwheels being melted just pains me. As collectors, now is the time to cherry pick the dealer’s inventories, as there are absolutely opportunities out there for those of us who haven’t sold out to upgrade our sets. Be sure to do your part to help conserve numismatics as best you can.
Looking forward to seeing you in the new year!
– Andy Nahrwold
ICC President
Officers
President Andy Nahrwold
Vice-President Donn Wray
Secretary Jim Sukup
Treasurer Gerald Coraz
Newsletter Editor Joseph Boling
Sgt-at-Arms Jim Warden
Past President Sharon Bower
Board Member 25-26 Chris Bower
Board Member 25-26 Vinton Dove
Board Member 25-26 Jim Roehrdanz
Board Member 26-27 Jeff Bercovitz
Board Member 26-27 Scott Grant
Board Member 26-27 Steve Howery