In 1974, 400,000 silver dollars were discovered in the basement of a millionaire named LaVere Redfield. The coins were auctioned off two years later and have since become known as the Redfield Hoard. Morgan Dollars with this designation are extremely popular among collectors, especially when they are in certified condition. If you are interested in rare coins with a fascinating history, Redfield Morgans could be a great option to consider. Now, certified Redfield 1888-S Morgan Silver Dollar Coins are available to you for purchase online from JM Bullion.
- Ships in an original Redfield holder!
- Highly desired Redfield Morgan Dollar!
- Limited availability of certified silver coins!
- Consists of .77344 Troy oz of genuine silver content.
- Issued a face value of 1 Dollar from the US government.
- Graded MS63 by the Numismatic Guaranty Corporation.
- The obverse contains a portrait of Lady Liberty.
- On the reverse side is a rendering of the heraldic eagle.
- Includes the San Francisco mintmark.
All 1888-S Morgan Dollar Coins in this JM Bullion listing online are part of the historic Redfield Hoard. They will arrive in special holders with red background inserts from Paramount International Coin Corp. NGC later certified these coins and assigned them a grade of Mint State 63. However, to preserve the historic integrity of the coins, NGC chose to keep them inside their original holders.
On the obverse of 1888-S Morgan Silver Dollars, there is an effigy of Lady Liberty. This portrait debuted in 1878 and is credited to US Mint engraver George T. Morgan. The portrait is considered a classic and depicts Liberty facing left with a crown of wheat and a Phrygian cap adorning her head. For the design, Morgan used Philadelphia school teacher Anna Williams as a model.
The reverse of these Morgan Silver Dollar Coins contains a heraldic eagle motif. This magnificent bird is shown facing forward with its head turned to the left. Surrounding the eagle are decorative laurels tied together with a ribbon. Inscriptions are also included that read United States of America, In God We Trust, and One Dollar.
After being discovered in a secret wall in LaVere Redfield’s basement, his hoard of silver dollars was auctioned off in 1976 for just over 7 million dollars. The winning bidder was film producer Stephen Markoff, who then divided the hoard among dealers. Later, the coins were sold individually, with some encased in special holders. These cases came in three colors to differentiate the condition of the coins. Blue holders were used for MS60 coins and red for those between MS62 and 65. Finally, green holders were reserved for any coins higher than MS65.
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