There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Lot
4211

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

2009 January Orlando, FL FUN Auction #1121

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Jan 8, 2009
Item Activity: 5 Internet/mail/phone bidders
1,153 page views
Location:

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

Description:
Momentous 1915-S Panama-Pacific
Fifty Dollar Round, MS64
1915-S $50 Panama-Pacific 50 Dollar Round MS64 PCGS. CAC. A handful of U.S. issues hold an instant allure, not only for numismatists, but even for those who have never thought about collecting coins. The fifty dollar Panama-Pacific commemorative varieties are two such issues; while the Panama-Pacific Round does not benefit from the distinctive shape of the Octagonal issue, it shares the same broad surfaces and impressive heft, with over two ounces of pure gold contained in each one. The fifty dollar denomination is equally eye-catching.
It is worth noting that a non-collector, given the choice of which of two Panama-Pacific fifties, one the Octagonal type and the other a Round, to examine first, that person almost invariably selects the former. The sheer novelty of an octagonal coin is overwhelming, and in strict terms of visual interest, the odd shape triumphs. So it was with the Panama-Pacific fifties at the time of issue, which eventually resulted in a lower net mintage for the Panama-Pacific Round compared to its Octagonal counterpart. Q. David Bowers discusses this at length in his Commemorative Coins of the United States:

"The octagonal $50 pieces were more popular than the round ones at the [Panama-Pacific International] Exposition. More of these were sold singly and in boxed sets (containing the three lower denominations and the buyer's choice of one $50 variety), as it seemed to the typical buyer that the eight-sided coin was more distinctive in shape ... than a round piece.
The reception by numismatists of the Panama-Pacific coins was uniformly favorable, and undoubtedly at least a hundred or so five-piece sets were distributed in such channels, but most of the approximately 300 sets eventually sold seem to have gone to wealthy citizens in the San Francisco area, convention officials, bankers (particularly true of the framed sets sold later), and members of the general public."

It is interesting to note that the figures Bowers provides add up to an estimate of nearly 400 five-coin sets sold; given the official net mintage of just 483 pieces for the Panama-Pacific Round fifty, this leaves very few examples acquired through single purchase (with the three smaller coins included as a bonus). When one additionally considers the official net mintage of 645 pieces for the Octagonal fifties, it becomes clear that while many well-to-do individuals were willing to let the Round coins tag along in sets, those who were interested in purchasing just one Panama-Pacific fifty overwhelmingly rejected the circular variety and pursued its eight-sided cousin instead.
That rejection created the single greatest challenge facing gold commemorative enthusiasts today. It cannot be emphasized enough that only 483 pieces of the Panama-Pacific Round fifty escaped the melting pot, creating a hard cap on the number of complete sets possible, and substantial attrition has further infringed on that figure. Moreover, the collector seeking an unimpaired survivor has even fewer options available, making a Choice coin such as the present piece an undeniable prize. Warm yellow-gold luster greatly enhances the eye appeal, and the well struck central devices are smooth. Aside from a handful of wispy flaws on and near the portrait, the surfaces are minimally marked. An interesting and noteworthy representative that would act well as a cornerstone of a similarly graded commemorative gold set. PCGS has graded just nine finer examples (11/08).
See: Video Lot Description(Registry values: N10218) (NGC ID# 26HM, PCGS# 7451)

View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

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

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




Videos:
FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
888,628
bidder-members
$982,397,942
sold in the last year
VIEW BENEFITS
  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
    winnings 
CONSIGNMENTS WANTED
Only 31 days left to consign to the 2015 January 7 - 12 FUN US Coins Signature Auction - Orlando!
Learn About Consigning With Us
I find dealing with your auction company to be a continually pleasing experience.
D.W. ,
Dallas, TX
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 October 8 - 13 PNG New York Invitational US Coins Signature Auction - New York
2014 October 8 - 13 PNG New York Invitational US Coins Signature Auction - New York
REALIZED $11,171,560
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
REALIZED $9,057,528
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
REALIZED $1,806,473