1883-S $1 MS (PCGS# 7148)

2014 March 20 The Collection of Donald E. Bently - Bently Foundation US Coins Signature Auction - San Francisco #1205

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    Heritage Auctions
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Lot Description
1883-S $1 MS63 NGC (MS65 Paramount). Ex: Redfield Collection. One of the better date dollars to come out of the famous Redfield Hoard of LaVere Redfield. A shrewd speculator and wheeler-dealer, Redfield dabbled in stocks and real estate before making a fortune in oil stocks, mining stocks, and large real estate transactions. He accumulated in excess of 400,000 silver dollars by buying bags of 1,000 silver dollars from banks and casinos and unceremoniously dumping them down a coal chute for storage. This example is a lustrous and minimally abraded 1883-S Morgan with semiprooflike surfaces. It is housed in the original Red Paramount Holder in which it was marketed in the late 1970s. NGC has since graded the coin MS63, with the grading label affixed to the Paramount holder. The coin is a mostly brilliant, silver-white example. It is just starting to acquire golden-red toning at the rims, which is a characteristic of dollars stored in the Paramount holders. Left undisturbed, the toning will increase naturally along the margins of the coin. From the Collection of Donald E. Bently, sold for the benefit of the Bently Foundation.
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