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    Description

    Near-Gem 1915-S Pan-Pac Round Fifty
    Key to the Classic Gold Commemoratives

    1915-S $50 Panama-Pacific 50 Dollar Round MS64 NGC. CAC. The 1915-S Panama-Pacific round fifty dollar commemoratives are a testament to contrarian thinking. Since the octagonal fifty dollar pieces were more unusual, more of them were sold originally than of the round pieces. After the unsold pieces were melted, the net distribution was 645 of the octagonal coins surviving, versus 483 of the round. The round Pan-Pac fifty is the most desirable and lowest-mintage single issue in the entire classic commemorative era, although both round and octagonal pieces are highly prized among collectors.
    The Condition Census for the round pieces includes four certified in MS67 at NGC, with 17 examples in MS66. The finest certified at PCGS is a single MS66 specimen. There are fewer examples of the octagonal in MS66 and MS65 at NGC than of the round, likely due to the octagonal's greater propensity for occasional rim bumps. NGC has, however, certified an equal number, four, of the octagonal in MS67, the finest graded.
    Heritage has handled two MS67 octagonal pieces, each bringing well over the $200,000 mark:
    --MS67 NGC. San Francisco Signature (Heritage, 7/2005), lot 10443, realized $289,671.20; and
    --MS67 NGC. FUN Signature (Heritage, 1/2009), lot 4216, realized $207,000.


    Among MS66 round specimens, we have handled three different examples on four occasions:
    --MS66 NGC. FUN Signature (Heritage, 1/2006), lot 3651, realized $149,500;
    --MS66 NGC. FUN Signature (Heritage, 1/2006), lot 3650, realized $149,500; Denver Signature (Heritage, 8/2006), lot 5739, realized $172,500; and
    --MS66 NGC. FUN Signature (Heritage, 1/2009), lot 4212, realized $138,000.


    The present near-Gem shows surfaces that are nearly flawless with a shallow luster graze in the center obverse apparently the only limiting factor that keeps it from grading even higher. The satiny surfaces show a slight reddish patina over each side. An important opportunity for collectors of classic gold commemoratives to own "the key."(Registry values: N10218) (NGC ID# BYHP, PCGS# 7451)

    Weight: 83.59 grams

    Metal: 90% Gold, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

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    Auction Info

    Auction Dates
    January, 2012
    4th-8th Wednesday-Sunday
    Bids + Registered Phone Bidders: 15
    Lot Tracking Activity: N/A
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