Lot 4089
1889-S Morgan Dollar. Paramount Red holder graded MS65. We agree with the grade, which is strikingly fresh and lustrous for this lower-mintage S-mint release. Famous Redfield date (as are most of the ones on offer in these classic holders).
So who was Lavere Redfield? Some say he was an eccentric investor. Others say he was a shrewd stock and real estate gambler. Still others said he was an average guy living out his years in Reno, Nevada, who had a distrust of big government and bought a load of silver dollars, an awful big load of silver dollars (400,000+)! Perhaps all of them are right. Lavere Redfield was born at the turn of the 20th century. He died in 1974 leaving behind an estate worth over 100 million dollars and one of the largest silver dollar hoards ever assembled of mainly San Francisco Mint dates in mint bags, 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. A big legal battle ensued over his estate when he died. His silver dollars first went to market in 1976. Paramount Coin Company, one of the distributors, encased their contingent in plastic holders with red cardboard inserts. The first "third-party" graded dollars years before PCGS or NGC came on the scene (PCGS # 7194) .
Estimated Value $900 - 950.
Ex: Redfield Collection.
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| Realized $1,035 |
