Stack's Bowers - The June 2011 Baltimore Auction Lot #9116


  • PCGS
  • 60
  • CAC
  • N
Price Realized: $54,625.00
Description

1915-S Panama-Pacific Exposition $50. Round. MS-60 (PCGS). OGH--Second Generation.

Rare Mint State 1915-S $50 Round Panama-Pacific Exposition Commemorative

The round format of this $50 gold piece is in fact the rarest of the regular issue commemorative coins ever released. A scant total of 483 pieces were sold, with the balance melted soon after the Exposition closed. These were distributed at the Panama-Pacific Exposition in 1915 in San Francisco, or could be ordered through certain numismatic channels by those not attending the event. However, the prohibitive cost of $100 each certainly limited sales. To put this into perspective, a new Model T Ford at the time could be purchased for $500, a contraption clearly more useful than a nice shiny set of commemorative coins! Most typical employees of this time made $2 to $3 per day in wages, so $100 was a formidable sum indeed. If collectors could afford one of these magnificent $50 coins at all, (minted in both octagonal and round formats) most collectors preferred the octagonal design as more dramatic and unusual, hence the octagonal $50s have a slightly higher net mintage. Today, these magnificent coins are considered to be "must haves" for any advanced collection, so demand has never slowed in generations. The present coin has a few faint hairlines on Minerva's helmet and cheek, but the luster is full and complete, the strike sharp and the overall presentation that of a choice example. The owl has one tiny nick low on his breast mentioned for identification.

PCGS#: 7451

Coin Specifications
Category Commemorative Gold $50
Mint Location N/A
Mintage 483.00
Designer N/A
Composition UNK
Weight N/A
Melt Value N/A
Diameter 0.00mm
Market Price Guide
Grade NumisMedia Coin World Collector's Universe Average Market Price
60 $60,000.00 $70,000.00 $61,500.00 $63,833.33
61 $65,400.00 $0.00 $65,000.00 $43,466.67
62 $0.00 $0.00 $75,000.00 $25,000.00
62 $81,880.00 $0.00 $72,500.00 $51,460.00
All price data listed above is intended to be as accurate as possible. Stack’s Bowers Galleries insists that you contact each pricing source for further verification. No purchasing decisions should be made on this data alone, which is provided as a service and convenience to our customers. Returns based on inaccurate data will not be accepted.
Population Guide
Grade Service Pop in this Grade Pop in Higher Grades Pop in All Grades
60 NGC 1 396 417
All population information listed above is intended to be as accurate as possible. Stack’s Bowers Galleries insists that you contact each certification source for further verification. No purchasing decisions should be made on this data alone, which is provided as a service and convenience to our customers. Returns based on inaccurate data will not be accepted.