There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.

1915-S $50 Panama-Pacific 50 Dollar Octagonal MS63 NGC....

2010 April-May Milwaukee, WI CSNS US Coin Auction #1139

Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Apr 29, 2010
Item Activity: 6 Internet/mail/phone bidders
850 page views

The Midwest Airlines Center
400 West Wisconsin Avenue
Milwaukee, WI 53203


Outstanding 1915-S Panama-Pacific
Fifty Dollar Octagonal, MS63
1915-S $50 Panama-Pacific 50 Dollar Octagonal MS63 NGC. At the time of their production the 1915-S Panama-Pacific round and octagonal issues were undoubtedly considered expensive gold commemorative type coins--but they must also have been considered high-dollar bullion coins, given their high precious metal content. Even though they commemorated the rebuilding of San Francisco after the horrible Great Earthquake and Fire of 1906 as well as the completion of the Panama Canal, their precious-metal content of more than 2.4 ounces of net pure gold likely played a role in many purchase decisions. The high asking price of $100 per coin, however, put most of the survivors in the hands of well-heeled collectors who could afford to keep them--even during the trying times of the Great Depression and Gold Recall of the 1930s, a decade when many less-meritorious gold coins were turned in for remelting.
The net distribution of the octagonal Pan-Pacs was 645 pieces, with its round sibling having an even-lower net distribution of 483 coins. The Panama-Pacific coins show interesting parallels (as well as differences) with some of the modern U.S. Mint products, which also have a high precious-metal content, high nominal (face) value, and low mintage figures. Chief among those modern series are the proof platinum American Eagle coins, containing one troy ounce of pure platinum, with a face value of $100, most struck to the extent of a couple of thousand pieces annually. While those low-mintage bullion coins have no commemorative connection, they do have differing reverse designs and show the potential for being collected as type or date issues.
Another series with some similarities and differences is the First Spouse series of $10 gold pieces, smaller in size and containing a net half-ounce of gold, but with the potential for some three-digit mintage figures among the issues if present trends continue.
Regardless of how the marketplace ultimately receives those modern issues, the 1915-S Panama-Pacifics are assured of their numismatic legacy as the rarest and lowest-mintage type coins produced in the last century. Of them "Mr. Commemorative" Anthony Swiatek wrote in his 2001 commemorative coin reference:

"Both well-distributed issues are extremely popular, fully enjoyed and treasured by most who own them. I compare them to the rare fancy diamonds naturally colored pink, red, blue or green. They are the truffles and Beluga caviar of commemorative coinage, and outstanding celebrities in our coin world."

This piece appears much finer at arm's length than its technical grade, but close inspection reveals a few light, grade-consistent distractions. The only marks of note are a squiggly scrape on Minerva's cheek and a couple of slide marks across the owl on the reverse. The luster is full and bright, and the coloration throughout is a glorious deep, mellow orange-gold.
Ex: FUN Signature (Heritage, 1/2004), lot 3002, which realized $47,150. (Registry values: P7) (NGC ID# 26HN, PCGS# 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

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
or Join (free & quick)
Price Guide
or Join (free & quick)
Population Guide
or Join (free & quick)
Find Auction Prices for Comparable Items:

Sign-in or Join (free & quick) to see the full image

Open For Bidding
Coming Soon
sold in the last year
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
Only 30 days left to consign to the 2015 September 16 - 21 US Coins Signature Auction - Long Beach!
Learn About Consigning With Us
Thanks again for all your hard work, advertising, promotion,etc.
Kevin and Stacy Greene receives more traffic than any other auction house website. To compare for yourself, visit:
2015 June 4 - 7 Long Beach Expo US Coins Signature Auction - Long Beach
2015 June 4 - 7 Long Beach Expo US Coins Signature Auction - Long Beach
REALIZED $16,999,788
2015 April 9 - 14 CICF World Coins & Ancient Coins Signature Auction - Chicago
2015 April 9 - 14 CICF World Coins & Ancient Coins Signature Auction - Chicago
REALIZED $6,505,243
2015 April 22 - 28 CSNS Currency Signature Auction - Chicago
2015 April 22 - 28 CSNS Currency Signature Auction - Chicago
REALIZED $10,592,191
You could win!
Take the Survey