The Redfield Horde Has Long Fascinated Many Us Gold Bureau Collectors

Collectors at sites such as US Gold Bureau are often fans of history because they understand that coins are about more than only the precious metals they contain, they also have unique stories. There are many, many stories out there about famous coin collections and most of these revolve around the collector putting together an impressive display, but not all fall into this category. If you are not familiar with the Redfield Silver Dollar Hoard then you should take some time to learn right now why this particular collection is so fascinating to so many United States Gold Bureau fans. It is a tale with many twists and turns, indeed.

The collector involved is one who, like many investors at site like US Gold Bureau lived through some difficult times during his early years. Lavere Redfield was born sometime around the end of the 1800's and, as a result, lived through the Great Depression. Back East, he had farmed potatoes and upon the economic collapse's arrival, he decided to take a risk and travel to California. Like many United States Gold Bureau fans, he himself understood investing and bought foreclosed properties as well as junk bonds that he could use for investment purposes. Then, he moved to Reno, Nevada which would be where he farmed for many years.

Like any sensible U.S. Gold Bureau investor would, Redfield decided to amass a store of precious metals for hard times in case the banks failed. He bought up silver dollars, particularly the Peace Silver Dollars and Morgan Silver Dollars. These coins are still fascinating for today's U.S. Gold Bureau collectors, but you are not likely to find one that Redfield ever owned and there is a reason for this. He stored the coins, one thousand to a bag, in his coal cellar beneath his home. It turns out, Redfield was a bit more fanatical in his fear than the average investor.

After years of having to travel further and further away, sometimes all the way back to Pennsylvania to buy his silver dollars, Redfield was recognized for his horde. He was robbed on several occasions, but his store was bigger than most knew. By the time he died in 1976, Redfield had amassed a total of more than 400,000 silver dollar coins. As you might imagine, no collection could hold so many coins, much less display them. So, in the end Redfield's collection ended up being auctioned off.

The person who bought the Redfield Silver Dollar Hoard paid $7.3 million at the time, but he did not hang on to the coins. Instead, he sold them off a chunk at a time for what was surely a handsome profit. As humble as Redfield's life may have been, he certainly created a remarkable story to serve as his legacy.

The person who bought the Redfield Silver Dollar Hoard paid $7.3 million at the time, but he did not hang on to the coins. Instead, he sold them off a chunk at a time for what was surely a handsome profit. As humble as Redfield's life may have been, he certainly created a remarkable story to serve as his legacy.