Redfield Hoard Dollars - Pricing and Rarity

segoja

Anyone know who to price these guys? I ssumje you take the actual coins grade and add some premium. These are in the small plastic Redfield holders (Red). Does it make a difference in price between the black and red?

Is there a place to get a rarity rating on Redfield dollars.

Bought a 26-S in 63 and a 97-S in 64PL red holders today.

Thanks!

James

Louis

I thought all the red holders were designated "MS65" and the black were "MS60". It's my understanding that most are overgraded and I would want to look at one in hand before considering a purchase.

northcoin

Like any hoard the premium is what you pay during the promotional period. Once everyone realizes that hoard=oversupply prices usually go down.

islemangu

It's my understanding that most are overgraded and I would want to look at one in hand before considering a purchase.

wise advice...I lost big time on this one buying on-line without a good look. Its a 91-S and was banking for a 64..not even... its about a 63

I still like the feeling of owning Redfield hoard coins...more so than Binion or Benson and would pay a premium again to get another but alot more careful next time

originalisbest

You need to watch the grade on what you pay for in these, but certainly a numismatically cool thing to own!

Louis

I would like to have one but haven't found one that was attractive in both eye appeal and price.

IrishMike

Several years ago I cherrypicked some nice common dates and recently sold them to a Morgan Redfield dealer. Net to the bottom line was zero. No appreciation in the past 5-6 years.

segoja

Mike,

Thanks for the update. Any feel as to premium over the actual coin value.

Example: A 1887-S is $165 in 63 and $415 in 64. What's a MS63 redfeild $ worth?

Thanks!

Toningintheblood

I have bought and sold Redfield holdered dollars over the years and can offer the following information:

1) The Red Holders are higher grade and nicer looking pieces, while the black holders housed the lower grade and eye-weary examples.

2) Red Holders are marked MS-65 and the Black Holders MS-60. At today's grading levels neither holdered grade can be assumed to be accurate.

3) If you really want a Redfield Dollar, make sure the holder says "Redfield" on it. Many of the Red Holders do not say Redfield on it, and they are not from the hoard. Because of the popularity of the hoard at the time Paramount housed and sold these dollars, they took other Morgan and Peace Dollars from their inventory and housed them in Red and Black Holders and sold them along side of the Redfield Dollars.

4) Therefore: Be very careful when bidding on ebay, because many sellers will list particularly the Red Holders as "Redfield" Holders, when the Redfield moniker is not listed on the holder, solely based on the fact that it is a Red holder with Paramount's name on it. This non-Redfield nameless example is not worth nearly as much, and most dealers deep discount them when buying them from you. So be careful!

5) Toning enthusiasts such as myself, love to find Redfield toned Morgans in the original Redfield Paramount holders. They normally exhibit rim toned inward vibrant blue/brown/light gold hues from being housed in the cardboard inserts of the red or black inserts. Usually the red holders over time will house the prettiest examples of "Redfield toning"

6) Lastly, when asking about price and value. As with any coin, rarity, condition, eye appeal and toning will determine collector value. If you refer to Wayne Miller's Silver Dollar Book, it will give you some fairly accurate estimates as to how many of each date and mintmarks were contained in the Redfield Hoard. I have never seen any published numbers I can recall of Paramounts actual records of how many Redfields with a breakdown of dates and mintmarks they housed in holders upon issue of the hoard.

Footnote: Redfield housed Paramount Dollars have been known to be tampered with and replaced. The holders are not real difficult to get open along the seams.........so carefully inspect any purchases for glue lines, or anything suspicious looking along the sealed rims of the holders.

BillJones

Great post "toningintheblood!" You provided some great information.

As a generalist collector and dealer, I steer clear of the Redfield dollars. As most of the others have told you the grading in the holders is usually not worth a grain of salt. Also this is very much of specialist collection that has limited appeal to many dollar collectors. Yes the history around the hoard is interesting, but the quality of the coins and the market value of the holder is suspect beyond the fact that the coin is part of the hoard.

If I were to want a part of the Redfield stuff, which I don't, I'd get one representative example and collect the rest of my Morgans the conventional way.

ArtR

To add a little to toningintheblood's very informative post.

Check Redfield coins for counting machine damage. Especially the better date CC's that were in the hoard.

Conder101

Let me add a bit to Toninginthblood's post .

In addition to the black MS-60 and red MS-65 holders there are also Black ungraded holders, Black holders where the grade on the insert has been changed to MS-63, a second variety of Red MS-65 holder, Red holders that have had the gade on the inset altered to MS-67, and Green holders graded MS-65 plus.

Non-Redfield Paramount holders exist for some of these as well. The exceptions being the Black ungraded, the second Red variety, and the altered inserts.

The Green MS-65 plus inserts are very scarce as are the altered inserts.

There never has been any official revealing of exactly what was in the Redfield hoard by the principals involved. There are also NGC holders with "Redfield" pedigreed dollars that are unknown to have ever existed in Redfield holders. Obviously NGC must have fallen victim to the "red Paramount holder so it's a Redfield" error. I don't know if there are similar errors in PCGS holders.

islemangu

great info here...that all jives as I remember a dealer saying the green ones were the nice ones to find in unknowning hands.

There are also NGC holders with "Redfield" pedigreed dollars that are unknown to have ever existed in Redfield holders.

How about the ANACS redfields? Were/are they paramount crackouts?

Conder101

<< <i>How about the ANACS redfields? Were/are they paramount crackouts? >>


I would say yes, and I am fairly sure the 1923 was a Redfield date so it could have come from a Redfield holder, or it could have come from a Paramount holder. that is why Refield or GSA collector want the coins in the original holders. You take them out and they are just another dollar.

gsaguy

Excellent information all.

As for the 1923 Peace Dollar, Steve Ivy and Ron Howard in their book, "What Every Silver Dollar Buyer Should Know", claim that that date was not included in the Redfield Hoard. I've not ever quizzed today's Redfield 'experts' about the accuracy of their data, but for those interested in the hoard, Ivy and Howard do include a brief Redfield blurb about each date.

The first Paramount red-holdered (non-Redfield) dollar that I recall encountering, was almost 20 years ago and was an exceptional 1889-CC. The owner claimed he had purchased the piece from Paramount in the late 1960's so it would appear that they were using this type of holder at least 6 or 7 years prior to the release of the Redfield hoard.

GSAGUY

Rampage

Wonderful posts within this thread. I thought it could use a bump for those who missed it.

paigowjohnny

As a big Redfield fan, I'll bump it as well....

gsaguy

Grant Campbell with Dalton Gold & Silver in Dalton, GA basically makes a market in Redfield dollars and knows lot about them.....pricing, rarity, etc.

I suggest that anyone that wants to learn more about them give Grant a shout. Tell him the dude with all the beautiful hair sent ya.

GSAGUY