1915-S Panama-Pacific Exposition $50. Round. MS-64 (PCGS).
Here it is--the rarest classic gold Commemorative coin in the finer Mint State grades. The Pan-Pac Fifty in Round format has a net mintage of just 483 pieces, and the issue seldom comes Choice, let alone Gem. The typical piece exhibits noticeable detractions that tend to concentrate over and around Athena's cheek on the obverse. Many coins are also outright impaired from cleaning and other forms of mishandling, and it is obvious that the contemporary public lacked the skill and/or desire to care for this issue in the proper manner.
As a problem-free 64, the coin that we are offering here is a superior representative of the type that would grace the finest cabinet with its presence. The overall appearance is one of smooth surfaces that have had handsome orange-olive color and pleasing satin luster lavished upon them by the dies. We are unable to locate more than a couple of stray abrasions, and a bit of trivial haziness in the centers also confirms the near-Gem assessment from PCGS. Otherwise an MS-65, this coin offers solid technical quality and strong eye appeal in a survivor of this key-date Commemorative rarity.