SOLD
160.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2020 May 04 @ 22:18UTC-5 : EST/CDT
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1881-o REDFIELD COLLECTION Morgan Dollar $1 Graded Paramount International. This coin is from the LaVere Redfield collection better known as �the Redfield Hoard.�� When he died in 1974, his estate was worth about $100 million, and in the basement of his modest home, behind a false wall was a hoard of over 411,000 silver dollars.� Most of the silver dollars were Morgan Dollars, and to a much lesser extent there were Peace Dollars too.� Many of them were still in their original Mint bags. Just to give an idea of the size of 411,000 silver dollars; it is a weight of about 11-tons. LaVere Redfield has been called thrifty, frugal, and eccentric. After the Stock Market Crash of 1929, Redfield arrives in Los Angeles, CA with his life's savings, and had decided it was a good time to invest in Oil and Stocks.� From California, Redfield moved to Reno, Nevada, and began to invest in Real Estate.� It seems he would take as much of his liquid assets as possible and convert it into silver dollars whenever possible.� That is most likely why he moved to Reno.� With all the Casinos using silver Dollars, the Banks always had a ready supply.� Estimates tell us that at one time LaVere Redfield had amassed over 600,000 silver dollars.� In 1963, his house was burglarized, and it was reported that approximately 100,000 of the silver dollars were stolen.� That is probably what encouraged him to build a false wall in front of his coal bin.� That way, the only thing he had to do was to just drop the bags down the Coal Shute.� If one would venture a guess, they would say that Redfield was not a numismatist, and they would be correct, but he did want his silver dollars unused and in original Mint bags whenever possible. Behind the wall was 400 bags of silver dollars, most of which had been sitting there for decades. When the coins were put up for auction, there were so many coins the lot could not be properly examined by the potential bidders, and when the hammer fell Steve Markoff of A-Mark Corporation purchased the entire lot for $7.3 million.� It has since been estimated that the wholesale value of the Redfield Hoard of silverdollars was about $20 million.� Paramount International Coin Corporation in Ohio was one of the main company�s used to sell the hoard.� They packaged the Redfield silver dollars in a hard plastic holder with a cardboard label surrounding the coin reading either "A Silver Dollar from the Redfield Collection," or "US Silver Dollar, Paramount International Coin Corp." The Redfield Hoard created quite a stir within the coin community.� It is not, nor has it ever been just about the coins, but rather it is the story that surrounds the coins.� That is what makes it so exciting.� Paramount graded this coin Mint State 65.
Auction Location:
148 Route 73, Suite 3-284, Voorhees, New Jersey, 08043, United States
Previewing Details:
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Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
21% |
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