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Lot 1271 |
1915-S $50 Panama-Pacific 50 Dollar Octagonal MS64 NGC. CAC....
2008 September Long Beach, CA US Coin Signature Auction #1116
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Bid Information
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For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
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Reserve Met:
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What's This?
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What's This?
The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.
This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
BP - Buyer's Premium
A Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $9) per lot. Please see #2 in our Terms & Conditions.Not Sold
This indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.Opening Bid
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| Sold for: |
$92,000.00
(includes BP  ) Bid Source: HA.com/Live bidder |
| Auction Ended On: | Sep 18, 2008 |
| Item Activity: |
12 Internet/mail/phone bidders
2,811 page views |
Fifty Dollar Octagonal
According to Don Taxay's useful An Illustrated History of U.S. Commemorative Coinage, Aitken wrote, in forwarding his preliminary designs to Acting Mint Director T.P. Dewey:
"Dear Sir: Enclosed please to find sketches for the obverse and reverse of the new Fifty-Dollar piece. They are so arranged as to show the application of the circular form to the octagonal.
"By way of an explanation of my design, permit me to state that in order to express in my design the fact that this coin is struck to commemorate the Panama-Pacific Exposition, and as the Exposition stands for all that Wisdom and Industry have produced, I have used as the central motive of the obverse the head of the virgin goddess Minerva. She is the goddess of wisdom, of skill, of contemplation, of spinning and of weaving, of horticulture and agriculture. Moreover she figures prominently upon the seal of the State of California. This head will make a beautiful pattern in the circle and the use of the Dolphins on the octagonal coin do much to add to its charm, as well as express the uninterrupted water route made possible by the Canal.
"Upon the reverse I use the owl, the bird sacred to Minerva, also the symbol of wisdom, perched upon a branch of western pine, behind which is seen the web of the spider, suggesting industry.
"With these simple symbols, all full of beauty in themselves, I feel that I have expressed the larger meaning of the Exposition, its appeal to the intellect.
"I trust that these designs will meet with the approval of the Secretary of the Treasury."
Unfortunately, they did not.
While the Fine Arts Commission approved the designs, Assistant Treasury Secretary William Malburn, reversing all previous governmental signals, recommended to Secretary McAdoo that the Treasury Department reject all submissions by "outside" artists. When the artists were so notified, the understandably shocked members of the Fine Arts Commission intervened, asking for specific critiques of the designs. Regarding the fifty dollar gold, McAdoo objected to the spider web, the appropriateness of the figure of Minerva (Pallas Athena), and the "floating dolphins."
A few days later Aitken submitted a revised design that did little more than remove the offending spider web behind the owl. Mint Engraver Charles Barber, ever eager to prove his capacity against superior outside talent, ended up designing the half dollar and one side of the quarter eagle, but Charles Keck, submitting radically revised designs, kept the one dollar gold. Despite the minor modifications to the fifty dollar gold (and undoubtedly with considerable behind-the-scenes intervention), the revised Aitken design was also approved, despite McAdoo's objections.
The present specimen is a wonderful realization of that design, with brilliant luster cascading from the surfaces, which are predominantly orange-gold on each side. Only under a loupe do a few minor contact marks appear, completely undistracting and not easily seen otherwise. The Aitken design is as remarkable and fresh today as it was when launched nearly a century ago (one wonders what the Mint will produce in the year 2015?), and this coin remains a remarkable representation of that historic aquatic event.(Registry values: P7) (#7452)
View large image(s) of this item
Service and Handling Description: Coins & Currency (view shipping information)
Sales Tax information | NGC Coin Grading Guarantee | Terms and Conditions
| Lot | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Auction 1166, Lot 5136 | Sunday, January 8, 2012 | 64 | NGC | $89,125.00 |
| Auction 1154, Lot 5547 | Sunday, May 1, 2011 | 64 | NGC | $80,500.00 |
| Auction 1143, Lot 3666 | Sunday, August 15, 2010 | 64 | PCGS | $80,500.00 |
| Auction 1143, Lot 3665 | Sunday, August 15, 2010 | 64 | PCGS | $126,500.00 |
| Auction 1139, Lot 2384 | Sunday, May 2, 2010 | 64 | PCGS | $83,375.00 |
| View prices realized from this item in other grades (you must be signed in) | ||||
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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.
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BP - Buyer's Premium
A "Buyer's Premium" is charged in addition to the successful bid according to the rate defined in our terms and conditions.| Source | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Unconfirmed | Thursday, August 18, 2011 | 64 | PCGS | $94,875.00 |
| Unconfirmed | Tuesday, March 29, 2011 | 64 | PCGS | $87,642.65 |
| Unconfirmed | Monday, January 31, 2011 | 64 | PCGS | $86,250.00 |
| Unconfirmed | Monday, September 20, 2010 | 64 | NGC | $80,500.00 |
| Unconfirmed | Friday, May 21, 2010 | 64 | NGC | $80,500.00 |
| 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. | ||||
| Grade | Coin World (Coin Values) |
Numismedia Retail |
Numismedia Wholesale |
Numismedia NGC (nmn) |
Numismedia PCGS (nmp) |
PCGS Price Guide |
PCGS+ |
|---|---|---|---|---|---|---|---|
| 63 | $80,000 | $93,310 | $74,650 | $69,500 | $69,500 | $97,500 | $100,000 |
| 64 | $95,000 | $108,130 | $86,500 | $80,000 | $80,000 | $120,000 | $125,000 |
| 65 | $140,000 | $156,250 | $125,000 | $115,000 | $115,000 | $175,000 | $185,000 |
| *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. | |||||||
| Service | Grade | Population in this Grade | Population of Higher Grade | Population in All Grades | + | Mintage | Engraver |
|---|---|---|---|---|---|---|---|
| PCGS | Not available from PCGS | 645 | |||||
| NGC | 64 | 0 | 0 | 0 | - | ||
| CAC | 64 | 26 | 6 | 47 | - | ||
| *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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