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GSA Or Redfield Hoard?

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MontCollector's Avatar
United States
2403 Posts
 Posted 05/11/2016  03:23 am Show Profile   Bookmark this topic Add MontCollector to your friends list Get a Link to this Message Number of Subscribers
Since work has really picked up now that spring is here I have come into a little extra money.

I am trying to decide if I want another GSA coin or get a Redfield coin.

My question is which hoard has better potential for increased value in the future. When spending this much on a coin I have to think of investment value as well.

What price range is descent for the red(MS65) and black(MS60) slabs on the Redfield coins? These coins are all over the place in prices and I only have around $350.

Thanks....Mont.
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denco7's Avatar
United States
2543 Posts
 Posted 05/11/2016  05:03 am  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply
Far fewer Redfield coins than GSA. I would also take the cool red holder over the black GSA holder any day.

Just remember the Redfield hoard coins say Redfield on them. Paramount released many additional coins in the red holders that were not from the original hoard. Many people/dealers try to pass these off as the more valuable Redfield dollars.
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Imthealphaomega's Avatar
United States
3210 Posts
 Posted 05/11/2016  06:33 am  Show Profile   Bookmark this reply Add Imthealphaomega to your friends list Get a Link to this Reply
I'd go with a very nice GSA Carson city Morgan probably ms64/65 on a common date like 1882, 1883, 1884. Granted redfield coins do have the cool retro holders. Your $ your call. Do whatever makes you happiest.
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Cascade's Avatar
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7390 Posts
 Posted 05/11/2016  07:15 am  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
I'd go with a common date red paramount Redfield for sure. But it's up to.you really. Either that or a 82-84 gsa in 65 would be a nice addition. Now, if you can find a green paramount Redfield for that price grab it lol (Green Redfield paramounts are super rare and 65+ "graded")
Edited by Cascade
05/11/2016 07:15 am
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billjones's Avatar
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1499 Posts
 Posted 05/11/2016  09:53 am  Show Profile   Bookmark this reply Add billjones to your friends list Get a Link to this Reply
I would take the GSA for historical reasons. The Redfield thing was really marketing gimmick back in the day. The coins all seemed have "MS-65" on the holder when the coin inside almost always fell well below that grade. I find the GSA coins when you can get them with the box and the certificate more interesting.
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Cascade's Avatar
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7390 Posts
 Posted 05/11/2016  10:20 am  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
Bill, have you read the history of Laverne Redfield? While the GSA sales were a monumental event in Morgan dollar history there's nothing like owning a Redfield and the history that was imbued upon them. And you must remember that how coins were graded in the 70s is nothing like today

http://lynncoins.com/redfield.htm

http://www.gainesvillecoins.com/tip...r-hoard.aspx
Edited by Cascade
05/11/2016 10:20 am
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billjones's Avatar
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1499 Posts
 Posted 05/11/2016  10:45 am  Show Profile   Bookmark this reply Add billjones to your friends list Get a Link to this Reply

Quote:
And you must remember that how coins were graded in the 70s is nothing like today


The grading on those coins was off in the 1970s. Back then about all you needed for an "MS-65" was clean cheek for Ms. Liberty, and most of the Redfield coins didn't even make that. I saw very few of those coins back in the 1970s that I liked.

As for Redfield, what was he? He was a highly eccentric, reclusive multi millionaire who hoarded over 400,000 silver dollars in the basement of his home. I suppose some people think that is interesting, but I don't. If you want to read the life story of a multi millionaire who rode around in an old pick-up truck, Sam Walton is more interesting and did more for the welfare of mankind. He created a company of chain stores that revolutionized retailing in America.
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Conder101's Avatar
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 Posted 05/11/2016  10:49 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
I don' think either one has much potential.
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Slider23's Avatar
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4468 Posts
 Posted 05/11/2016  12:33 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
I am with Condor on the upside value of GSA or Redfeild, but as a collector I would like to own a GSA for the historical reasons. The Carson City mint made some amazing DMLP coins in 82, 83 or 84. There are some high quality MS 64 DMLP in GSA holders graded by NGC. You would need a little more money, but you would have something very collectable.
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937 Posts
 Posted 05/11/2016  12:41 pm  Show Profile   Bookmark this reply Add Tryna to your friends list Get a Link to this Reply
Are you collecting holders or coins?

if coins - the holder should not matter

If holders - then the coin should not matter
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Cascade's Avatar
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7390 Posts
 Posted 05/11/2016  12:55 pm  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
We're not talking about TPG holders Tryna. These are historically significant holders that add big premiums all by their self
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GR58's Avatar
United States
11951 Posts
 Posted 05/11/2016  5:01 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply


With the coins being talked about in this post, the holders
are the only way to connect the coins to well known hoards.
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AcesKings's Avatar
United States
1625 Posts
 Posted 05/11/2016  9:53 pm  Show Profile   Bookmark this reply Add AcesKings to your friends list Get a Link to this Reply

Quote:
who hoarded over 400,000 silver dollars


Just 399,944 more to go!

I'd go for the GSA.
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Darth Morgan's Avatar
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2815 Posts
 Posted 05/11/2016  9:54 pm  Show Profile   Bookmark this reply Add Darth Morgan to your friends list Get a Link to this Reply
Redfield. Period. But I'm really just talking about which one I like better. Who knows what the future will bring regarding future values? You just never know.
Edited by Darth Morgan
05/11/2016 10:06 pm
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paralyse's Avatar
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12057 Posts
 Posted 05/11/2016  10:06 pm  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
If you want something unique and special, look for Tidy House Morgan dollars.

I have only one coin from Redfield, in its red Paramount holder, and love it to death -- just wish it was a standard size slab!

I will say this about Redfield: A lot of the coins had a lot of bag marks; there were also a great many damaged by the use of counting machines. This is countered by some drop-dead-gorgeous toning.

That being said, it's still the most widely known Morgan pedigree.

Other hoards you may look into include Binion (NGC), Gene L. Henry/Great Northwest Collection (NGC), and if you are more wealthy than most, coins from the Bass Hoard & the famed toners of the Simpson Sunnywood collection (both PCGS) should be on your list.

I own an 1884-CC GSA (uncertified MS63) & enjoy it but the GSA coins, despite having some beauties as Cascade rightfully noted, are very common outside of the key CC dates. To me, the non-CC black packs (Uncirculated) and the soft packs are multiple orders higher in scarcity; but those magic CC letters seem to bring an association, a weight, all their own, simply by virtue of their existence. At ANA Dallas this year I saw an 1879-S black holder GSA in a dealer's case with the usual boxes of CC's, graded NGC MS66+ (and way out of my price range at $2k+), and it was being mostly ignored stuck in the back corner of the case while the 1879-CC, 1885-CC, 1889-CC, etc were dead center up front.
Member ANA - EAC - TNA - SSDC - CCT #890

"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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MontCollector's Avatar
United States
2403 Posts
 Posted 05/11/2016  10:33 pm  Show Profile   Bookmark this reply Add MontCollector to your friends list Get a Link to this Reply

Quote:
If you want something unique and special, look for Tidy House Morgan dollars.


Never heard of this one. Have to look it up.

I have been doing a little searching and have noticed how marked up the Redfield coins are and do agree some have some great toning. I have also noticed a lot of cracked slabs as well like something heavy got set on them for a long time.

There is a beautiful 1891 Redfield (red slab) on the bay....but has huge crack on back of slab.

As for the GSA coins I do have a 1883cc MS63 already. If I buy another one it will be a non CC for the rarity.
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