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Lot
4213

1915-S $50 Panama-Pacific 50 Dollar Octagonal--Improperly Cleaned--NCS. AU Details...

2009 January Orlando, FL FUN Auction #1121

 
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$45,000
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Auction Ended On: Jan 8, 2009
Item Activity: 5 Internet/mail/phone bidders
610 page views
Location:

Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Description:
Impressive 1915-S Panama-Pacific Fifty
Octagonal Design, AU Details
1915-S $50 Panama-Pacific 50 Dollar Octagonal--Improperly Cleaned--NCS. AU Details The beautiful Panama-Pacific commemorative coins were created to celebrate the Renaissance of San Francisco after the 1906 earthquake, and the completion of the Panama Canal. A set of five coins was commissioned in conjunction with the Panama-Pacific International Exposition, held in San Francisco in 1915. The octagonal fifty dollar gold coins were the most dramatic and memorable of these special coins.
From a design by Robert Aitken, a New York artist, the first specimens of the octagonal gold coins were struck on June 15, 1915 at the San Francisco Mint. A total of 1,509 pieces were initially minted, but slow sales resulted in melting of 855 specimens, leaving a paltry net total of 645 examples issued. Contemporary opinion noted the design was lacking in American themes, but later numismatists value the coins as a classical tour de force.
The present specimen is a pleasing example of this scarce classic. Some microscopic hairlines indicate the coin was cleaned at some time in the past, but no overt damage was incurred. Bright yellow-gold surfaces are complemented by strongly impressed devices to produce striking eye appeal. Abrasions and surface marks are truly minimal. Overall, this coin is an eminently acceptable example of this impressive design.
See: Video Lot Description(Registry values: P7) (NGC ID# 26HN, PCGS# 7452)

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