NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2006 Feb 07 @ 18:00UTC-8 : PST/AKDT
An more than moderately bright and lively MS63 with strong golden luster and a confident, no-compromises strike on Minerva and the owl. Everything you would want from the grade, and probably then some, makes this a highly prized offering within the collecting community.
For 1915, the Panama-Pacific Internation Exposition organizers gave credit to the discovery of the Pacific Ocean (1513) and the completion of the Panama Canal (1914) as the two anchor points for their theme. A series of 5 coins was struck for the occasion, including complete sets mounted in metal frames or leather cases sold for $200. Many sales were made to banks and other novices; for this reason, high grade examples are especially hard to find. The larger the denomination, the harder to locate. Some were also carried as souvenir pieces, in fact. When all was said and done, only 483 Round and 645 Octagonal $50 gold pieces were sold. And it can be assumed (though no separate records were kept in this regard) that numerous specimens in the hands of the public were melted after the federal government seized America's gold coins in 1933. We estimate there are 200 or so of the round pieces remaining, with perhaps 300 to 350 in this octagonal format.
Auction Location:
9478 W. Olympic Blvd, Beverly Hills, California, United States
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