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MSPL & MSDPL and REDFIELD INFO.

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Valued Member
United States
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 Posted 01/19/2010  04:21 am Show Profile Bookmark this topic Add benchede to your friends list Get a Link to this Message

Being new I need a "simple explanation" on the differences of:
MSPL and MSDPL

and also a brief synopsis about the "REDFIELD HOARD".

Thanks ya all.

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 Posted 01/19/2010  04:26 am  Show Profile Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
MS is the state of the coin (uncirculated as opposed to proof) PL stands for Proof Like where it has almost a mirror look to the fields, DPL is Deep Mirror Proof Like where the mirrors have at least 8 inch mirrors which means you can hold the coin at least 8 inches from normal font on a business card and read it from looking at the coin. A DMPL coin looks like a proof coin looks in the field

The Redfield hoard was the coins of LaVere Redfield. at the time of his death in 1974 his estate was worth about 100 million dollars. In his home he had a fake wall built and inside that fake wall they found 411,000 silver dollars he had hoarded which is about 11 tons of silver dollars. 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. the Redfield Hoard is coins from this collection of Silver Dollars. Steve Markoff purchased the hoard from the IRS for 7.3 Million Dollars when the actual value was about 20 million. Paramount International Coin Corporation in Ohio was one of the companies he used to liquidate the hoard in a 3 year plan so not to flood the market with all the coins and they packaged them in the hard cases which looks close to the GSA cases but have the red label instead of black and either say "A Silver Dollar from the Redfield Collection," or "US Silver Dollar, Paramount International Coin Corp."
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United Kingdom
112 Posts
 Posted 01/19/2010  07:57 am  Show Profile Bookmark this reply Add b17commander to your friends list Get a Link to this Reply
Any one got any pictures of a Redfield case/coin?
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 Posted 01/19/2010  10:29 am  Show Profile Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
Pillar of the Community
United States
9049 Posts
 Posted 01/19/2010  10:53 am  Show Profile Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
they packaged them in the hard cases which looks close to the GSA cases but have the red label instead of black and either say "A Silver Dollar from the Redfield Collection," or "US Silver Dollar, Paramount International Coin Corp."

The coins in the holders that do not say Redfield are NOT from the Redfield hoard. Paramount did such a good marketing job with the Redfields that they were actually bringing more on the market than the same coins that were not from the hoard. So Paramount started putting their own stock dollars in holders that LOOKED like the Redfield holders and they were able to sell them for more as well. The trick still works today and you will still find Paramount coins being sold on eBay as Redfield dollars.

For more commentary on the Redfield's and their varieties see my comments in this thread. http://www.coincommunity.com/forum/...PIC_ID=58443
Edited by Conder101
01/19/2010 11:20 am
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 Posted 01/19/2010  11:56 am  Show Profile Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
wow I learned something new today. I was a yungun back in 74 (actually only 4 years old) so I have to learn all this stuff by people who remember it or by doing searches

Edit: for giggles I added up how much just in silver content 11 tons would be worth at $20.00 an ounce. So if each coin would sell for a mere $20.00 the lot would be worth $7040000.00
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