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Lot
1270

1915-S $50 Panama-Pacific 50 Dollar Round MS64 NGC. CAC....

2008 September Long Beach, CA US Coin Signature Auction #1116

 
Sold for: $103,500.00 (includes BP )
Bid Source: Internet bidder
Auction Ended On: Sep 18, 2008
Item Activity: 6 Internet/mail/phone bidders
3,335 page views
Description:
Delightful 1915-S Panama-Pacific Fifty Round, MS64
1915-S $50 Panama-Pacific 50 Dollar Round MS64 NGC. CAC. As described elsewhere herein, although outside sculptor-designers were engaged to model concepts for the various medals and coins proposed for the Panama-Pacific Exposition, Charles Barber ended up, rightly or wrongly, with some of the final designs. They include both sides of the half dollar and the obverse of the gold quarter eagle, with a figure of Columbia riding a seahorse through the waves and holding a caduceus. According to Taxay, "Assistant engraver George Morgan prepared the reverse, modeling one of his usual unsightly eagles. Regarding [Treasury Secretary William G.] McAdoo's objection to Minerva and Poseidon [originally proposed by Charles Keck for the gold dollar], it is noteworthy that Barber's own allegorical design was heartily approved."
Expediency was definitely a factor in the decisions--both those rejected and those approved--as the actual Panama-Pacific Exposition opened on Feb. 20, 1915, in San Francisco, and closed on Dec. 20 of that same year. President Woodrow Wilson, pressing a gold key in Arlington, Virginia, caused doors and mechanical exhibits at the San Francisco exposition to operate.
Only on March 22 were the final designs for the Panama-Pacific coinage approved--more than a month after the exposition had already opened. While numismatists of the present day can overlook the Pan-Pac half dollar design of Charles Barber in the company of so many other silver commemorative halves that came before and after, we can only thank our lucky stars that designer Robert Aitken's fifty dollar commemorative designs remained largely intact. Taxay says of the Barber commemorative, "Barber's half dollar depicts a figure of Columbia scattering flowers. Behind her is a child holding an overflowing cornucopia, in front the Golden Gate bridge surmounted by a setting sun. Though not unattractive, the design is indefinitely modeled and has an unfinished appearance. The reverse features an heraldic eagle and at best is commonplace."
Imagine if Barber had attempted to "dash off" a fifty dollar design in both round and octagonal versions. American numismatics would have lost one of the most unusual coinage designs ever executed. It is certainly appropriate to question whether the design is derivative rather than original, but there is little question about its superlative execution.
It is worth noting that designer Aitken also won the commission for the official medals of the Pan-Pac Exposition, now collected as so-called dollars, listed in Hibler-Kappen as HK-399 through HK-401, produced in silver, bronze, and gilt. On those medals a full-length, nude Mercury, sporting a winged hat (a la "Mercury" dime), opens the locks of the Panama Canal, with the ship Argo, the symbol of navigation, passing through and reflecting the setting sun off of her sails. On the reverse two female figures entwine about a globe, representing the joining of Earth's two hemispheres.
Finally, it must be noted that Aitken's wonderful designs not only continued, with their classical allusions, a renaissance that began with Augustus Saint-Gaudens' gold coinage designs in 1907, but, being struck in San Francisco, they also celebrated the renaissance of the "City by the Bay" itself and its recovery from the devastating Great Earthquake and Fire of less than a decade earlier.
The present specimen of the Round variety is actually somewhat rarer than the Octagonal pieces, due to greater meltings of the former after they remained unsold at the exposition. This piece offers bold cartwheel luster that is unusually rich for the issue, along with delightful yellow-gold coloration and a relative absence of distracting marks. A high-end and thoroughly delightful example.(Registry values: N10218) (#7451)

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Guides and Pricing Information:

Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 1166, Lot 5134 Sunday, January 8, 2012 64 NGC $97,750.00
Auction 1156, Lot 4331 Sunday, June 5, 2011 64 NGC $92,000.00
Auction 1154, Lot 5546 Sunday, May 1, 2011 64 PCGS $126,500.00
Auction 1121, Lot 4211 Sunday, January 11, 2009 64 PCGS $92,000.00
Auction 422, Lot 3849 Saturday, January 6, 2007 64 PCGS $78,775.00
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PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.
Previous Prices Reported By Other Auction Firms (Not Verified By Heritage)
Source Date Grade Service Realized
Unconfirmed Friday, May 21, 2010 64 NGC $80,500.00
Unconfirmed Thursday, September 10, 2009 64 NGC $80,500.00
Unconfirmed Wednesday, August 5, 2009 64 PCGS $91,425.00
Unconfirmed Thursday, June 11, 2009 64 PCGS $80,500.00
Unconfirmed Sunday, September 14, 2008 64 PCGS $100,625.00
PLEASE NOTE: Heritage has not verified this data, which represents the sale or auction of an item from a third party (and includes the Buyer’s Premium where applicable). All information listed is intended to be as accurate as possible, but it has been taken from sources that may or may not be reliable and errors are possible. Please use this guide carefully and inform us of any inaccuracies.
Price Guide*
Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
PCGS+
63 $85,000 $94,380 $75,500 $71,000 $71,500 $100,000 $105,000
64 $100,000 $111,880 $89,500 $83,000 $83,500 $130,000 $137,500
65 $150,000 $150,000 $120,000 $110,000 $110,000 $180,000 $210,000
*All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information.
Population Guide
Service Grade Population in this Grade Population of Higher Grade Population in All Grades + Mintage Engraver
PCGS Not available from PCGS 483  
NGC 64 0 3 3 -
CAC 64 16 12 33 -
*This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auctions.
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