The holder on the official
Redfield Dollar must say
“A Silver Dollar from
the Redfield Collection.
Paramount International
Coin Corp."
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LaVere
Redfield was a rather eccentric investor who resided in Reno,
Nevada. Having made his fortune through shrewd stock and real
estate investments, Redfield began his accumulation of Silver
Dollar Coins. He had an intense distrust for paper money and
quickly converted his cash into "hard assets". In
addition to his coin holdings, he owned thousands of acres of
property in and around Reno.
Redfield obtained his Dollars at face value anywhere he could
find them. At this time, Silver Dollars could be easily acquired
at any bank. Not surprisingly, a great number of the bags
he had were "S" mint Dollars. Just imagine, Bags
of Uncirculated 1886-S, 1888-S, 1889-S, 1895-S, and 1896-S
Dollars.
When
LaVere Redfield died in 1974, he left, in addition to his Dollars
an estate valued at approximately $100 million. His Silver Dollar
Hoard was purchased by Steve Markoff of A-Mark Coin Company
in 1976 for the then astounding price of $7.3 million. The Dollars
were marketed by Paramount International Coin Corp. The holders
were labeled MS60 and MS65. Some holders were labeled "A
Silver Dollar from The Redfield Collection" and some were
lableled "US Silver Dollar, Paramount International Coin
Corp." without the reference to Redfield. Even to this
day it is still possible, though very difficult, to find Silver
Dollars in the distinctive Paramount "Redfield Dollar"
holder.
Shop for Redfield Dollars at NumisMedia.
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