Redfield Morgan Silver dollars

I got offered one of the boxes, need to figure out if I should buy it.

 

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Redfield hoard

Condor, so this is an example of a non-Redfield from Paramount's own stock: http://www.ebay.com/itm/1884-CC-NGC..._Individual&hash=item19c9cad6bf#ht_685wt_1270. Because it does not have "from the Redfield Collection" on it.

Good to know!

 

Condor, I believe Southgate Coins has, or had, some of the boxes: http://www.southgatecoins.com/. I read about it in one of our C4OA articles: http://www.carsoncitycoinclub.com/pdf/Redfiel_Dollars-the_Man.pdf.

 

That one is not a Redfield.

 

Yes that is a Paramount stock coin not a Redfield hoard coin.

I assume that article was published awhile back. There are some minor errors in it and some of the information is out of date. The PCGS and NGC slabs are not really that close in size to the Redfield holders. The blue-black holders were used for both ungraded and Mint State 60 graded coins. The green holders are marked Mint State 65+ not Mint State 70. NGC and ANACS do now offer slabbing for these coins still in the Redfield holders. (There are also black inserts that had their grades changed to 63, and red inserts that had their grades changed to 67 before the coins were sealed in them. The red insert comes in two different varieties.) In footnote three it mentions the red insert holders that Paramount used for their own stock coins, there are also blue-blackMS 60 non-Redfield inserts as well.

The section dealing with the auction gives the impression that it was a blind auction with none of the participants knowing precisely what was in the hoard. This is not true. A-Mark, the eventual winner, DID know what was in the hoard because they were the company that did the inventory for the estate. They were the only participant that did know. (Hardly a fair auction)


I like the Paramount ad picture though that shows the box.

 

Just picked this thread up after seeing a 1923 Peace dollar in a paramount red holder.. I'm guessing they didn't do those either for Redfield?

 

No, there were plenty of Peace dollars in the Redfield release, with the '22-S, '23-S and '26-S being the most common. There were more Morgans, but you can find plenty of Peace dollars in the Redfield Paramount holders.

 

This one was a straight 23 stating ms65 US silver dollar..
paramount international coin corp.

I can't say I agree with the 65 grade though...

 

Got-ya. Then that one would just be one of the general Paramount holders.

So it didn't sit in a basement in Reno for years (possibly covered in peach juice) .

 

I guess it didn't... so basically not worth buying then if it is a generic holder?

 

Yeah, in the generic holder I don't see it being worth a premium.

 

You have to remember that back when these were sold there really was no such thing as standards for a MS-65 grade. At the time Paramount was the only company using MS grades and the first edition of the ANA Official grading guide that introduced the MS grades was still almost six years in the future. So trying to compare the MS grades on the Paramount/Redfield coins to todays standards is not a fair comparison. You can say it won't grade as a 65 today, but you can't say that they overgraded it back then.

 

That is quite true and something I didn't initially consider. I guess the biggest challenge of viewing it in an online situation is whether the price is justified between the coin itself and the holder it resides in...

 

Thought I would post the images for this one as it is for sale. These are the dealers photo.. I would be curious to hear what others think.
About both the holder and the Peace Dollar..

 

Is there anyone here who may have the original prices for the Redfields back in the late 70s when they started selling them?

 

@Conder101

 

I was wondering how much they sold for back then? I know about all of the GSAs as far as what the prices were, but I have never seen any prices for the Redfields.

 

What's the difference between the red, green and black label for the Redfields?

Also, are these more desirable and better to collect than the GSAs?

 

Just like they did with the GSA Hoard of Morgan Dollars, the TPGs originally broke the Redfield Coins out of the Paramount holders and put them in their own holders. They noted on the label, as they did with the GSA coins that the coin was from the Redfield hoard. I have one of these coins.

I've only seen two colors in a Redfield Paramount holder, Red which is labeled MS65 and Black which is labeled MS60. I think all they did in terms of grading was they divided the hoard into two piles, the ones that looked nicer got the MS65, the other pile got the MS60.

These grades have nothing to do with todays TPGS grades, they predated the TPGS and they were just a way fro Paramount to distinguish between the "eye appeal" of the coins. They are collectable and are in demand, so they do carry a fairly high premium.


I bought this one because it didn't have the heavy bag marks associated with so many Redfield Coins and it had nice toning. The same with the one in the black holder.



I also liked the minimal bag marks and slight toning.

One word of caution, the Redfield Holders are not very sturdy and tend to crack. Store them carefully and check over carefully any you at considering buying.

I have the Redfields, a few GSAs, quite few Binions, I like their history and the pamphlet that came with one I bought from a Dealer. There are other Morgan Hoards (for example the Wels Fargo Hoard) but the big three are the GSA, Binion, and Redfield.

 

Not to change the topic of this thread, but I have a complete set of the Morgan $100 Union Specimen Dollars authorized by the Smithsonian, except for 2012 (I have 2005 though 2016). Does anyone know if they actually made one in 2012? They are not legal tender coins, but I think they are one of the nicest designs George Morgan ever came up with.