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 Replies: 12 / Views: 2,019 |
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New Member
Canada
24 Posts |
Hi all, I recently acquired this 1889 S Morgan silver dollar, cased in a "Redfield Collection" holder by Paramount International Coin Corp. The holder states an MS 65 grade. Unfortunately I don't have much experience with Morgan dollars. I was hoping to get some input into the accuracy of this grade and an approximate value. I also noticed that on the rim, there are two small nicks. I am not sure if this happened after or before being placed into the holder. You can see these two nicks clearly in the last photo. Thanks in advance for the help! I didn't have access to a scanner so I tried to take the best pictures I could with my camera.      |
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Valued Member
United States
415 Posts |
Pics are a bit blurry, but the last pic looks nice. I would say anywhere between 63-65...But 65 is certainly possible
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Valued Member
United States
415 Posts |
Ngc price guide shows a 390, 675, 2250 for 63 64 and 65.
A professional grade is recommended based on these figures.
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Rest in Peace
United States
10625 Posts |
Yeah, it looks as close to 65 as any that can be found in these holders. My guess is it's worth north of $600.00 maybe as high as $700 based on auction results of similar examples, graded 63 & 64 by NGC in the Paramount holder. Cool piece of Morgan history from the Laverne hoard.
The nicks on the rim are most likely the result of bag storage prior to be encapsulated.
Edited by dave700x
11/13/2014 07:34 am
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Valued Member
United States
453 Posts |
That hoard is pretty interesting. The guy had 400000 silver dollars in his basement!
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Pillar of the Community
United States
7617 Posts |
Most of the Redfield Hoard was road weary and suffered from bag marks. You don't see many of the old Paramount slabs anymore.
LeVere Redfield had a boat load of coins and was very eccentric. (One story I heard: To save the battery in his old truck he would park on an incline and let it roll down hill then "pop the clutch" to get it going.). A lot of coins were ruined by exploding jars of canned peaches in his basement that ended up soiling the bags stacked on the floor. The peach juice was acidic and stained a lot of coins.
Paramount did us a favor by slabbing the nicer coins in the unique red 65 slabs we see today. They are collectibles, as is. As to provinence and originality they should remain in their Paramount holders.
Thanks for posting pics of a nice coin with a unique history. Enjoy it for many years to come.
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Bedrock of the Community
United States
36688 Posts |
This one could go MS-65, nice coin.
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Pillar of the Community
United States
506 Posts |
You should get this coin graded by NGC. MS 65 is very possible. I'd say it boarders MS 64 and 65.
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Valued Member
167 Posts |
64 at least. Probably has a shot at 65 but with that massive price jump, it must be all there or they will err on the side of caution. I love Redfield hoard coins and own several.
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Pillar of the Community
United States
8137 Posts |
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Valued Member
United States
291 Posts |
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Pillar of the Community
United States
6370 Posts |
Can't tell MS-64 or 65 from the pictures, but it looks to be MS-65. Nice coin.
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Bedrock of the Community
 United States
18649 Posts |
Looks like it could go 65
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Replies: 12 / Views: 2,019 |
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Posted 11/13/2014 02:08 am
