TWO COIN LOT 1886-P & 1887-P REDFIELD STYLE PARAMOUNT HOLDER MORGAN DOLLARS

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Available by BID or BUY IT NOW is a two coin lot containing one 1886-P and one 1887-P Redfield Style Paramount Holder Red Label MS65. Th e coins are solid and legitimate. Both legitimately grade in my opinion high end MS63, low to mid MS64. My pictures are real and undoctored. My scanner does not tell a lie, it does not know how to. No special lighting to try to hide nicks and scratches, no nothing. Just a scanner. I will try to provide more pictures for anyone who requests them. ABOUT REDFIELD DOLLARS AND THE COMPANIES THAT MARKETED THEM : Who was Lavere Redfield? Some say he was an eccentric investor. Others say he was a shrewd stock and real estate investor. Still others said he was an average guy who had a distrust of big government and bought a lot of silver dollars, an awful lot of silver dollars! Perhaps all of them are right. Lavere Redfield was born at the turn of the century. He died in 1974 leaving behind an estate worth over 100 million dollars and one of the largest silver dollar hoards ever discovered, now called the “Redfield Hoard”. He was said to be very thrifty and appeared so, wearing jeans and wool shirts even after he became rich. Surely influencing him was his early life as a potato farmer. In his senior years he drove around in an old dilapidated pickup truck. If you had seen him then, you might have thought he was still digging potatoes.By scrimping and saving he was able to save a little. He began making investments, over time bringing him great wealth. During the depression he moved to California. There he began buying stocks that no one else wanted. Stock brokers used to love to see him coming because they would unload blocks of supposedly worthless stocks on him. Stocks that no one else wanted “at any price”. He earned the nick name "the junk man” from the local stock brokers. Seems Redfield’s shrewdness and timing paid off as some of them eventually became very valuable. They also say he gradually began acquiring other assets and real estate at tax foreclosure sales.From time to time he would go to the bank and buy some bags of 1,000 silver dollars. (Back then US silver dollars could be acquired for a dollar and were readily available at banks.) He’d haul them home in his pickup truck and stash them away. Seems word started spreading about his love for silver dollars and he was robbed more than once. Probably because of the robberies he began acquiring his bags from as far away as Pennsylvania, picking them up in person and hauling them back in his pickup. He also began storing the bags in his basement. They say he would come home with a load of silver dollar bags and drop them down an old coal chute. Sliding down into the basement they’d go, where they remained safely hidden behind a concrete wall until his death. Most of the bags were mint condition un-circulated coins. However, some were heavily marked from banging against each other as they were hauled in his pickup, or from handled at the mint or banks. How many were there? At the time of his death over four hundred 1,000 coin bags, or 400,000 silver dollars, were found in his home. Yep, that’s four hundred thousand! (He must have had a very large basement!). Some say Redfield didn’t trust banks and his distrust lead him to store the silver dollars in his home. However, when you think about the space these silver dollars would have taken and the massive weight all it of, where else could he put them? He would have needed the equivalent of several personal bank vaults to store it all! His stash of over 400,000 silver dollars would weigh 22 thousand pounds!Lavere Redfield's cache of Morgan and Peace type silver dollars became known as the “Redfield Hoard”. It was the largest silver dollar hoard discovered in decades. After his death, in 1976, his silver dollar hoard (collection) was sold at auction. The price paid by the winning dealer was a record breaking 7.3 million dollars. Prior to the auction, companies that were to bid on the collection were unable to look through all of the... read more

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