Lot 2961
1892-CC. Housed in a Paramount Red Holder MS65. Our grade is MS64. Lavere Redfield's cache of over 400,000 mostly BU 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.)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 uncirculated 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.
Estimated Value $1,900 - 2,000.
Ex: Redfield Collection.
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| Realized $2,300 |
