LOT #3195 |
Sold on Sep 14, 2023 for: Not Sold
1915-S $50 Panama-Pacific 50 Dollar Round MS63+ NGC....
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Sold on Sep 14, 2023 for:
Not Sold Description
1915-S Panama-Pacific Fifty Dollar, MS63+
King of the Pan-Pac Commemoratives
1915-S $50 Panama-Pacific 50 Dollar Round MS63+ NGC. The
crown jewels of the 1915 Panama-Pacific commemoratives are without
question the fifty dollar gold pieces -- one struck in round
format, the other octagonal in shape. Farran Zerbe headed the Coin
and Medal Department of the Panama-Pacific International Exposition
held in San Francisco. Authorized by the Congressional Act of
January 16, 1915, the official Panama-Pacific Exposition
commemoratives included a silver half dollar, a gold dollar, a gold
quarter eagle, and the two fifty dollar gold pieces. These coins
could circulate at face value but seldom did, since they were sold
well above face value as mementos to support the Exposition. The
lower denominations include the S mintmark, while the fifty dollar
gold pieces lack a mintmark.Congress was slow to enable the Panama-Pacific commemoratives and the coins were not available for sale at the Exposition until about three months after the opening. The event drew about 19 million visitors between February and December 1915, so the late arrival of the commemorative coins did not help their sale. A maximum authorized mintage for the round and octagonal fifties was 1,500 pieces of each format, but their high price of $100 each was an added obstacle. Only 483 round fifties were distributed and 645 octagonals were sold. Today, the round Pan-Pac fifties are especially rare in any grade. The present example is a gleaming, high-end Select Uncirculated coin with vibrantly lustrous, yellow-gold surfaces. Two tiny marks are seen on Liberty's neck and a thin, short mark exists in the field opposite the chin. A few faint hairlines are microscopic in nature. This coin's strike is sharp throughout the attractive, satiny surfaces that are characteristic of these large and impressive gold coins. Pleasing orange accents at the margins support its outstanding eye appeal.
From The Mercury Rising Collection.
Coin Index Numbers: (NGC ID# BYLU, PCGS# 7451, Greysheet# 10215)
Weight: 83.59 grams
Metal: 90% Gold, 10% Copper
View all of [The Mercury Rising Collection ]
Auction Info
2023 September 14 - 17 Long Beach Expo US Coins Signature® Auction #1365 (go to Auction Home page)
Auction Dates
September, 2023
14th-17th
Thursday-Sunday
Bids + Registered Phone Bidders: 44
Lot Tracking Activity: N/A
Page Views: 808
Buyer's Premium per Lot:
20% of the successful bid per lot.
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