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 Replies: 25 / Views: 7,234 |
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Pillar of the Community
United States
6396 Posts |
Looks nice and frosty on the devices and the fields may be proof-like with some depth of mirror. Probably the plastic makes the surfaces look more dull than they really are.
The marks on the cheek and the reverse fields preclude an MS-67 grade but I've seen MS-65 coins in NGC and PCGS holders with similar levels of marks. Unless there are luster problems it looks solid for MS-64 and possible for MS-65. You got a decent deal for $50 I think.
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Pillar of the Community
United States
3076 Posts |
very nice buy!! I would buy them all day at that price!! the holde3r carrys good weight! worth more than
$50!!
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Valued Member
 United States
114 Posts |
Thank you everyone. I use ebay sometimes when it comes to purchasing coins but Mostly in local ads online Utah has its own site like Cragslist but its A LOT BETTER. Estate sales are great for purchasing coins. |
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Pillar of the Community
United States
4989 Posts |
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Pillar of the Community
United States
4989 Posts |
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Valued Member
United States
114 Posts |
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Pillar of the Community
 United States
2448 Posts |
Hi gang, remember that it's only a Redfield Hoard Coin if it specifically says it on the holder. That red holder was used again and those dollars were not from the Redfield hoard. Quote:
We are told that the exact inventory of the Redfield Hoard of silver dollars has never been revealed. A number exceeding 351,000 of the silver coins found, were uncirculated. 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 silver dollars was about $20 million.
So as to not flood the Coin Market with this huge number of coins, Markoff utilized a three-year liquidation plan with a well thought out marketing campaign. That way the Coin Industry would see only a minimal effect, if any, by these coins being retailed to collectors. Several major Coin Dealers handled the retail sales of the Redfield Hoard. The most notable of these was Paramount International Coin Corporation in Ohio. This company 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."  As to grade, I'd say 63 to 64 also. |
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Bedrock of the Community
United States
12437 Posts |
Here is my Morgan from the Redfield Hoard, the black cases were MS60 and in reality the coin is probably a 61 or 62.  |
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Valued Member
United States
114 Posts |
I have a Friend that is NGC Certified and is going to send in my coin for me to be regraded it is from the redfield hoard he told me they probably will grade it at MS66 I hope I really do hope cause anything Redfield graded over MS65 is in the $10,000+ range. Wish me luck I will be heading off today for him to get it ready for shipping
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Bedrock of the Community
United States
14454 Posts |
the paramont coins werent Redfield, just another Company putting their coins in those types of holders. That coin looks like a MS-64 but on a good day it may go 65, it is a nice looking 64 though. The thing about the Redfield and the Paramount coins is they graded anything Uncirculated as MS-65 for some reason so the grades on the holder is not an actual graders opinion
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Valued Member
United States
114 Posts |
Yeah that is what I heard I Know everything about Lavere Redfield He had so many Silver dollars that if he would have stored his silver dollars in the banks he would need at least 2 banks to fit all the coins in.
He also Purchased them all at 1 dollar per coin back in the day from the banks and got them in sealed mint bags and once the coins where sold the Company that Graded them THE (Paramount International Coin Corp.) where the ones that Purchased the Hoard. and are no longer in Business.
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Bedrock of the Community
United States
14454 Posts |
yeah, after they had encased all the Redfield hoard I am guessing they had left over cases and started putting their own inventory into the cases and instead of labeling them Redfield, they labeled them paramount and used the same grading system they used on the hoard coins
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Valued Member
United States
114 Posts |
Bryan I did not know that that was very interesting thank you.
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Valued Member
United States
212 Posts |
I'm thinking MS64. Nice buy! Just for your info, the 1881 S Morgan is sometimes referred to as "The Billy The Kid" coin. I've heard from several collectors that when Billy The Kid was shot, he had $1 on him in his pants pocket. It was a 1881 S Morgan. No, I didn't hear this in a barroom.
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Pillar of the Community
United States
3076 Posts |
Is there any real creedence to the over stock coins being sent to paramont?
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Posted 02/16/2011 01:38 am
