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Auction 388 | Lot 2497 » Classic Commemoratives » Commemorative Gold
1915-S 50C Panama-Pacific Set. An incredible, original Pan-Pac set with invoices going back to 1915 and related paraphernalia. Included are:

1915-S Half Dollar MS66 NGC. Rich, satiny mint luster is overlaid on the obverse with rose and golden color that deepens to sea-green around the margin. The reverse is deeply toned in charcoal and cobalt-blue colors. An extraordinary half dollar.

1915-S Gold Dollar NGC. Double punched mintmark. The velvety, frosted surfaces are overlaid with thick reddish-golden coloration that shows just a touch of lilac here and there. Technically and visually, one of the finest gold dollars we have seen in recent memory.

1915-S Quarter Eagle MS66 NGC. Myriad die polishing marks are seen in the fields on each side and the surfaces are an untampered bright green-gold and canary-yellow. Sharply struck and almost perfectly preserved.

1915-S Round Fifty Dollar MS66 NGC. Generally these large-size coins are not found with this level of preservation and mint luster. As a rule, light handling over the decades has slightly dulled the surfaces and the coins have picked up a stray contact mark or two. This is an absolutely splendid coin. The surfaces have rich, frosted mint luster; in fact, we were not aware that these coins originally came with a finish like this until we saw this original set. Considerable reddish patina overlays each side and there are no mentionable abrasions.

1915-S Octagonal Fifty Dollar MS65 NGC. The always-popular octagonal fifty is unique in the annals of U.S. coinage with dolphins set in the angles on each side. These decorative motifs have symbolic significance, of course, like everything else on these well-designed coins. The dolphins represent freedom of movement through the oceans, a design element that is of particular significance as the reason for striking these pieces was to celebrate the opening of the Panama Canal the previous year. Rarely are Ge (PCGS# 7451)
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Service NGC

Grade MS66

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Nov 5, 2005

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Sold For: $445,625.00
Auction 1348 | Lot 4176 » Classic Commemoratives » Commemorative Gold
1915-S $50 Panama-Pacific 50 Dollar Round MS66 PCGS. CAC. (PCGS# 7451)
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Service Green CAC, PCGS

Grade MS66

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Aug 28, 2022

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Sold For: $432,000.00
Auction 1274 | Lot 4459 » Classic Commemoratives » Commemorative Gold
1915-S $50 Panama-Pacific 50 Dollar Round MS66 PCGS Secure. CAC. (PCGS# 7451)
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Service Green CAC, PCGS

Grade MS66

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Apr 29, 2018

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Sold For: $336,000.00
Auction 1359 | Lot 3364 » Classic Commemoratives » Commemorative Gold
1915-S $50 Panama-Pacific 50 Dollar Round MS66 NGC. CAC. (PCGS# 7451)
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Service Green CAC, NGC

Grade MS66

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May 7, 2023

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Sold For: $312,000.00
Auction 1333 | Lot 3508 » Classic Commemoratives » Commemorative Gold
1915-S Five-Piece Panama-Pacific Set, MS63 to MS65 NGC. (Total: 5 coins)
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Grade MS64+

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Aug 22, 2021

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Sold For: $204,000.00
Auction 1271 | Lot 5199 » Classic Commemoratives » Commemorative Gold
1915-S $50 Panama-Pacific 50 Dollar Round MS66 NGC. (PCGS# 7451)
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Service NGC

Grade MS66

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Jan 8, 2018

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Sold For: $204,000.00
Auction 1371 | Lot 4419 » Classic Commemoratives » Commemorative Gold
1915-S $50 Panama-Pacific 50 Dollar Round MS66 NGC. (PCGS# 7451)
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Grade MS66

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Jan 14, 2024

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Sold For: $204,000.00
Auction 1348 | Lot 4175 » Classic Commemoratives » Commemorative Gold
1915-S $50 Panama-Pacific 50 Dollar Round MS66 NGC. (PCGS# 7451)
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Service NGC

Grade MS66

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Aug 28, 2022

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Sold For: $198,000.00
Auction 1390 | Lot 3372 » Classic Commemoratives » Commemorative Gold
1915-S $50 Panama-Pacific 50 Dollar Round MS65 PCGS. (PCGS# 7451)
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Grade MS65

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Jan 17, 2026

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Sold For: $195,200.00
Auction 1271 | Lot 5195 » Classic Commemoratives » Commemorative Gold
1915-S $50 Panama-Pacific 50 Dollar Round MS66 NGC. (PCGS# 7451)
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Service NGC

Grade MS66

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Jan 8, 2018

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Sold For: $192,000.00
Auction 1251 | Lot 6123 » Classic Commemoratives » Commemorative Gold
1915-S $50 Panama-Pacific 50 Dollar Round MS65 PCGS Secure. CAC. (PCGS# 7451)
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Service Green CAC, PCGS

Grade MS65

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Jan 9, 2017

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Sold For: $188,000.00
Auction 1326 | Lot 4132 » Classic Commemoratives » Commemorative Gold
1915-S $50 Panama-Pacific 50 Dollar Round MS66 NGC. (PCGS# 7451)
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Service NGC

Grade MS66

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Jan 24, 2021

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Sold For: $186,000.00
Auction 1271 | Lot 5200 » Classic Commemoratives » Commemorative Gold
1915-S $50 Panama-Pacific 50 Dollar Round MS66 NGC. (PCGS# 7451)
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Service NGC

Grade MS66

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Jan 8, 2018

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Sold For: $186,000.00
Auction 1334 | Lot 3633 » Classic Commemoratives » Commemorative Gold
1915-S $50 Panama-Pacific 50 Dollar Round MS65 PCGS. (PCGS# 7451)
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Grade MS65

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Oct 10, 2021

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Sold For: $180,000.00
Auction 1223 | Lot 4547 » Classic Commemoratives » Commemorative Gold
1915-S $50 Panama-Pacific 50 Dollar Round MS65 PCGS. (PCGS# 7451)
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Grade MS65+

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Aug 12, 2015

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Sold For: $176,250.00
Auction 1209 | Lot 3551 » Classic Commemoratives » Commemorative Gold
1915-S $50 Panama-Pacific 50 Dollar Round MS65 PCGS. (PCGS# 7451)
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Grade MS65

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Sep 6, 2014

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Sold For: $176,250.00
Auction 414 | Lot 5739 » Classic Commemoratives » Commemorative Gold
1915-S $50 Panama-Pacific 50 Dollar Round MS66 NGC. Assorted potentates, politicos, dignitaries, and luminaries gathered at the San Francisco Mint on June 15, 1915, to watch Mint Superintendent T.W.H. Shanahan strike the first octagonal fifty-dollar gold coins commemorating the Panama Pacific International Exposition. The exposition observed the opening of the Panama Canal in August 1914 and belatedly celebrated the 400-year anniversary of the 1513 sighting of the Pacific Ocean by the Spanish conquistador Vasco Nunez de Balboa. The exposition, an enormous world's fair that took more than three years to plan and build, was the vehicle chosen to pay tribute to these history-shaping events.

The construction and opening of the Panama Canal was so momentous in the annals of American history (as well as in Panamanian history, Latin-American relations, geographic exploration, disease treatment and control, commercial transport, travel and tourism, and hydraulic engineering, among many others) that Congress appropriated the then-gargantuan sum of 50 million dollars for an exposition to appropriately commemorate it. The completed canal, one of the largest and most difficult engineering projects ever undertaken, had an enormous effect on shipping. It removed the need for ships crossing from the Atlantic to the Pacific Ocean (or vice versa) to navigate the long, treacherous route via Cape Horn at the southernmost tip of South America. The canal reduced by more than 7,800 miles, or about 20 days, the distance for a voyage from New York to San Francisco. After intensive lobbying by several cities, President William Howard Taft in 1911 named San Francisco as the exposition site. This recognition gave the city the opportunity to show off to the world its extensive rebuilding since the horrific, massive earthquake and fire of 1906.

Congress specified numerous coins in varying denominations to be struck, including 3,000 of the fifty-dollar pieces, with half to be round, half octagonal. C (PCGS# 7451)
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Grade MS66

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Aug 14, 2006

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Sold For: $172,500.00
Auction 1258 | Lot 4233 » Classic Commemoratives » Commemorative Gold
1915-S $50 Panama-Pacific 50 Dollar Round MS65 NGC. (PCGS# 7451)
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Grade MS65

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Aug 6, 2017

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Sold For: $164,500.00
Auction 1121 | Lot 4210 » Classic Commemoratives » Commemorative Gold
Farouk's Five-Piece Panama-Pacific Commemorative Set With Cases and Documentation. (Total: 9 items)
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Service Green CAC, NGC

Grade MS63

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Jan 11, 2009

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Sold For: $161,000.00
Auction 1310 | Lot 10161 » Classic Commemoratives » Commemorative Gold
1915-S $50 Panama-Pacific 50 Dollar Round MS65 PCGS. (PCGS# 7451)
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Grade MS65

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Sep 17, 2020

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Sold For: $156,000.00
Auction 1380 | Lot 4988 » Classic Commemoratives » Commemorative Gold
1915-S $50 Panama-Pacific 50 Dollar Round MS65 PCGS. (PCGS# 7451)
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Grade MS65

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Jan 19, 2025

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Sold For: $156,000.00

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Auction 1251 | Lot 6122 » Classic Commemoratives » Commemorative Gold
1915-S $50 Panama-Pacific 50 Dollar Round MS65 PCGS Secure. (PCGS# 7451)
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Service PCGS

Grade MS65

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Jan 9, 2017

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Sold For: $152,750.00
Auction 1181 | Lot 5982 » Classic Commemoratives » Commemorative Gold
1915-S $50 Panama-Pacific 50 Dollar Round MS65 PCGS. (PCGS# 7451)
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Grade MS65

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Jan 14, 2013

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Sold For: $152,750.00
Auction 1390 | Lot 3373 » Classic Commemoratives » Commemorative Gold
1915-S $50 Panama-Pacific 50 Dollar Round MS65 PCGS. (PCGS# 7451)
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Grade MS65

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Jan 17, 2026

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Sold For: $152,500.00
Auction 132104 | Lot 27978 » Classic Commemoratives » Commemorative Gold
1915-S $50 Panama-Pacific 50 Dollar Round MS65 NGC. CAC. Though legislation to authorize the Panama-Pacific International Exposition commemoratives was well-known to Treasury officials in the months leading up to January 1915, the Mint did not formally commission artists until after the passage of legislation, which occurred on the 13th of that month. The next day, as reported in Roger Burdette's Renaissance of American Coinage 1909-1915, Acting Director Dr. Frederick P. Dewey called for a meeting in New York with four selected artists in the area: Robert Aitken, Charles Keck, Evelyn Longman, and Paul Manship. Aitken had been aware of the Treasury's search for commemorative designs for some time, while the other three artists received there first official notifications at the New York conference. The timetable laid out by Dewey was highly inflexible, and as events would later prove, it could not accommodate artistic revision well.

Despite the rapid pace demanded of the artists, all seemed up to the task, and within the month, Dewey had designs from all of them, which he sent on to the Commission of Fine Arts. Early in February, as related by Burdette, Daniel French spoke for the CFA in recommending all designs. Secretary of the Treasury William Gibbs McAdoo and Assistant Secretary William Malburn, however, had differing opinions; Malburn, as quoted by Burdette, disliked all but the gold dollar designs, and McAdoo added a statement of his own: "They are all poor, I think. Ask Philadelphia about them and let our own people submit some designs."

Of the outside artists approached to create motifs for the Panama-Pacific commemoratives, Aitken, who was responsible for the round and octagonal fifty dollar pieces, tackled the commission with the most gusto. His earlier communication with Treasury officials had given him ample time to plan his designs, and he was the sculptor with the most time invested in the project. After receiving McAdoo's letter of rejection, Aitk (PCGS# 7451)
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Service Green CAC, NGC

Grade MS65

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Jan 27, 2021

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Sold For: $150,000.00

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