Coins and Currency Weekly
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Coins and Currency Weekly(c) is Published by Alan Cohen 
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December 6, 1998

Issue #9

Hoards of Coins

In the news this week - Littleton Coin Co. purchased a 
hoard of coins consisting of over 1.7 million coins! 
This included 308,000 Liberty Nickels, 488,000 Buffalo 
Nickels, and 950,000 Indian Head Cents. That’s 7.6 tons 
of coins, and something a collector accumulated over 
25 years and stored in their house. It’s mind boggling 
to think of what that house must have been like. Part 
of this collection will be on display at the Florida 
FUN show, and some coins will even be given away as 
part of an educational presentation. I can just imagine 
what that person must have been like at a coin show, 
they had to have purchased everything in sight. 

There have been other famous hoards in history. One 
man named LaVere Redfield had four hundred bags of US 
Silver Dollars by the time he died in 1974. The coins 
he had were in spectacular condition, as they were 
taken from a bank and stored in a bag. When the 
collection was sold, it was a multi-million dollar 
sale.

Most collectors can not afford nor want to hoard 
collect, but it makes interesting news when these 
collections are discovered. Look for hoarding in 
the near future of 25 cent pieces. With the 50 States 
Commemorative Program about to begin next month, 
I predict few of these coins will circulate long 
before they are pulled aside in mini-hoards by 
collectors and non-collectors. 


Until Next Time,

Alan Cohen

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