Redfield Morgan Silver dollars

I want to get at least one Morgan silver dollar from the famous Redfield hoard. Near as I can tell, there seems to be two differedt holders for these coins. One is from a company called Paramount and the other holder just says the coin is from the Redfield hoard. My question is how do you know the coin is a genuine Redfield morgan? Are these holders sealed? I just want one for my collection as I already have one Binion morgan dollar. The Binions are slabbed and certified genuine fron NGC. Thank you-Bob

 

Log in or Sign up to hide this ad.

The Redfield collection is only offered original in the Paramount Holders. Any other, I would be suspect of.

 

Also, I would be wary of the grading of Redfield dollars as stated on the Paramount holders. I've seen many that say "Mint State 65" which are full of bagmarks and probably MS-62 by today's standards at NGC and PCGS. If you buy such a coin, just make sure you pay an MS-62 price and not an MS-65 one.

 

Thank you. Good info. I just want one for a keepsake.

 

i have a morgan redfield in an ngc holder ~ are you saying it's not real?

 

while you're at it a dollar from the binion hoard wouldn't be bad either

 

There are actually nine different Paramount/Redfield holder varieties. If you want to be sure that your coin comes from the Redfield hoard make sure you buy the holder that says "from the Redfield Collection" on it. The Redfields sold so well for Paramount that they began putting their own non-Redfield stock in the same type holder to boost their sales. To this day here are many people who don't realize this and then pay a premium for a Redfield dollar that isn't.

 

NGC certifies coins with the Redfield pedigree.

http://www.ngccoin.com/poplookup/poplookup-reportlarge.asp?PopSubCatID=49&Designation=MS&page=All&

I don't know how they can guarantee authenticity. Condor101 indicated some shenanigans from Paramount - I would be wary paying much of a premium.

Seems like there was thread recently about that... are coins from famous collections / hoards worth a premium ?

If the marketplace says "yes", then yes they are worth a premium. Analagous to die varieties. If it's in demand and supply is short, then it's a premium.

 

Here it is ...

http://www.cointalk.org/showthread.php?t=27064

 

How are ya buddy!?

I just picked up 7 "redfield" morgans in the red paramount holder at a antique store! didnt even know the whole "redfield" history when i was buying them! LOLOL

I am reading conflicting articles on there grade? many say paramount over graded?

 

They didn't happen to come in the wooden box did they?

 

wooden box? lol this some kind of inside joke?

no clear plastic paramount holder with red leather looking insert holding the coin.

 

No it isn't a joke. Paramount sold some of the Redfield slabs in groups or sets and they came in wooden boxes. There were two sizes of box, one for seven slabs and one for thirty three. Currently we have traced three of the seven slab boxes but no specimen of the thirty three coin box has been seen. In the few sales of a seven coin box, the box has been bringing around $400. You said you picked up seven of them, so I was taking a shot to see if they had come in one of the seven slab boxes.

 

No but i will ask the person about the "wooden box" thanx for the education!

 

Redfield Silver Dollars

I have 5 originally certified Redfield Silver Dollars. 4 are certified MS65 in burgundy sealed coin holders. I also have one certified MS60 in the blue folder. I do not currently have any in the green folders. I will buy more or sell the ones I have. One MS 65 is a rare date.

Ncorey37

 

Welcome to the forum ncorey37!

It is against the forum rules to solicit or offer coins before 10 postings and only then in the classified section. Thanks, and be sure to review the FAQ and rules.

 

That was the Capital Hoard from the Comstock Lode, kept by a former Secret Service agent. Each set consisted of 16 coins and only 466 sets are in existence. I know this because I had one of these sets.

 

I understand.

ncorey37

 

Different box/set. The box I was talking about only has seven coins and was sold by Paramount. I have pictures of the box and the Paramount advertising for it.

 

Item 270643958651 on ebay, a black holder 1881-S "MS60" Redfield hammered for $182.50. Wow, that is the highest I've seen for a common date black holder Redfield. That is very strong money, most red holders don't get near that much at true auction.