Thursday, June 12, 2014

Rick’s Pedigree Coins – Nevada Coin Hoards – PCGS & NGC Nevada Wells Fargo Hoard

Nine down and the Wells Fargo Hoard is up to bat. 

Binion Collection
Fitzgerald Collection
GSA (Carson City)
Redfield Collection
Nevada Silver Collection
Carson City Hoard
Carson City Collection
Golden Nugget Casino
The Cal-Neva Casino

Nevada Wells Fargo Hoard:

The Nevada Wells Fargo Hoard contains over 15,000 “No Motto” 1908 St. Gaudens double eagles.  In 1917, a private owner acquired the $20 double eagles and they were stored for over 50 years.  The double eagles were inventoried in the early 1970’s and after inspection went back into storage for almost another 30 years.  In 1996, the owner sold the 1908 St. Gaudens hoard to Spectrum Numismatics.  The transaction took place in a large walk-in vault at a Wells Fargo bank in Nevada – thus the name.
After the acquisition, Spectrum contacted NGC and PCGS to authenticate and grade the coins. As far as I have been able to determine, these are the only 2 numismatic grading agencies that participated in the acquisition authentication.  Both companies identified the pedigree on the slab label.  Because of the storage and handling, most coins received very high MS grades and have exceptional eye-appeal.

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