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
A satiny beauty. Smooth, rolling luster and splashes of rich gold mingle on the satiny choice surfaces with only a few light hairlines and contact marks.
Imagine the advances in technology which had to be surmounted before these massive 2-1/2 ounce gold pieces could be minted. The Philadelphia Mint's fourteen-ton medal press was shipped by train and set up at the San Francisco facility for the striking ceremonies for the Panama-Pacific $50 gold pieces. It is claimed this press could strike a coin with a pressure of 450 tons per square inch. By comparison, Morgan Silver Dollars required no more than 150 tons of force. This medal press struck 1,500 of each $50 gold piece, for a total 3,000 coins or nearly 7,500 ounces (value today at $380 an ounce = $2,775,000). Unfortunately, there were few takers at the $100-per-coin asking price and so only 645 Octagonal and 483 Round 'fifties were sold. The overage was melted.
Auction Location:
9478 W. Olympic Blvd, Beverly Hills, California, United States
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| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
20% |
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