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Lot
9471

1915-S $50 Panama-Pacific 50 Dollar Round MS66 NGC. As ...

2003, Orlando, FL. (FUN) Signature Sale #308

 
Sold for: Not Sold
Auction Ended On: Jan 11, 2003
Item Activity: 4 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
One of the Finest Certified 1915-S Panama-Pacific $50 Round Commems, MS66 NGC
1915-S $50 Panama-Pacific 50 Dollar Round MS66 NGC. As impressive as the coin in the previous lot is, we are pleased to offer an example in this lot that is among the finest certified Pan-Pac $50 Rounds in today's hobby. This design is the work of Robert Aitken, whose initials RA are evident on the reverse below the pine branch upon which the owl is perched. Prepared in both octagonal and round formats, the first Panama-Pacific Fifties were struck on June 29, 1915. The original mintage of the round variety was 1,500 pieces for distribution and 9 coins for assay purposes. As with so many of the Mint's other programs, the one designed to market these sizeable coins did not strike a receptive chord among the general public. Only 483 examples of the round $50 were sold with the remaining coins being melted by federal authorities. Long recognized as a condition rarity, this issue has an NGC population of only 11 coins in MS66 and one example in MS67. PCGS has yet to certify a single coin above the MS65 level (10/02). Direct angles display medium intensity yellow-gold color with suggestions of pale orange overtones here and there. One can see more deeply set green-gold shadings as the surfaces turn away from the light. Both sides are uncommonly smooth for the type with no sizeable or singularly mentionable distractions. The popularity of this issue among collectors and investors alike should result in strong bidder competition for this premium quality representative. (NGC ID# 26HM, PCGS# 7451)

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