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"The Secret Silver dollar coin Hoard"

 

 Continuation of article from page 1

Lavere Redfield's Collection

Man Who "Loved Silver Dollars" 

and

"The Secret Silver dollar coin Hoard"

   

U.S. Government minted Silver Dollar coins

  Morgan style of US Silver dollar

Minted between 1878 and 1921

Peace style of US Silver dollar

Minted between 1921 and 1935

 

What happened to the Redfield silver dollars?

 

       

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 coins due to the massive number of them.  They just didn’t have enough time or people to look at everything.  (Some accounts say that after the sale, when the coins were individually evaluated, the real value of the holdings was discovered to be three times what was paid.) 

 

The Redfield silver dollars were sold

  Once the estate was settled and the silver dollars were auctioned to the highest bidder, the coins were catalogued and sold throughout the world.  A good number of the bags he had saved were "S" mint Morgan style silver dollars produced at the San Francisco United States Mint.  He also had some “CC” Carson City United States Mint dollars and even had some bags of the Peace style silver dollars. Most coins graded various degrees of mint un-circulated condition, although about 15% were said to be circulated.  To sell them, some coins were packaged in special holders with labels indicating they came from the Redfield hoard.  Others were put in tubes or individual holders.  Then they were sold by the roll or by the lot to various investors or dealers. 

So, where are they now?

  Where are the Redfield silver dollars coins now?  Although dispersed a quarter of a century ago, they might be anywhere today.  Occasionally, you will find a dollar in one of the special holders with Redfield’s name on it. However, over time most have been placed in individual holders or tubes that offer more protection during storage.  (Unless they are in a special holder of some type, you can’t tell them apart from other old US silver dollars.) 

  Imagine, today when you purchase a silver dollar, you might actually hold in your hand one of original silver dollars once owned by LaVere Redfield. 

 

Share the passion for silver dollars

  If you like silver dollars, in some ways you share the passion for them that LaVere Redfield had.  The next time you admire a silver dollar, perhaps you will think about the Redfield Hoard and remember LaVere Redfield, “the man who loved silver dollars”. 

   

Buying Silver dollars today:

Rolls of old Silver Dollars for sale

             -  Morgan and Peace style dollars -  click here

 

For Certified and graded old US silver dollars

                           PCGS and NCG authenticated -   click here

 

American Silver Eagle 1 oz silver dollars - click here

Some images are copyright © 2003 Microsoft Corporation. All rights reserved.

Copyright 2003 and 2004 and 2005 by J. Lynn – P.O. Box 56, Gibson, TN  38338

One copy of this article may be printed and used for personal use only, provided that this copyright statement and links to www.lynncoins.com remain intact.  All other rights reserved.  For more information on coins visit http://lynncoins.com

 

Disclaimer:  Information in this article was obtained from many different written sources. Because of this, there is no guarantee that every fact in this article is absolutely accurate. We welcome additional facts on this subject.  This article is not a recommendation to sell or buy.

 

 

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