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CNG Keystone Auction 2: The Panama-Pacific Commemorative Set

Lot nuber 4

1915-S. Panama Pacific Exposition. Octagonal 50 Dollar. (46.0mm, 83.59 g).


CNG Keystone Auction 2: The Panama-Pacific Commemorative Set
Lot: 4.
 Estimated: $ 75 000

United States, Gold

Sold For $ 76 000. This amount does not include the buyer’s fee.

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1915-S. Panama Pacific Exposition. Octagonal 50 Dollar. In PCGS encapsulation, graded MS 64. (7452.64/38080869). A very attractive, lustrous example of this beautiful and coveted rarity.

Ex Stack’s (29 March 1973), lot 1016 (part of); H. C. McKown Auction (23 December 1936); Dr. J. A. Williams Collection, offered in The Numismatist, January 1931.

Both Fifty Dollar Gold Pieces were designed by Robert Aitken. They feature a bust of Minerva or Athena left, wearing a crested and laureate Corinthian helmet and mail. The date is displayed in Roman numerals upon a shield. On the reverse, an owl is perched left on the branch of a ponderosa pine, several large pine cones are visible. The designs on the octagonal piece are slightly smaller in order to give room for the eight dolphins around the border on each side. Breen suggested that they were friendly companions of boats through the Canal. Although 1,500 of each type were authorized and minted, many did not sell at the then lofty price of $100 each (approximately $2,600 today). Only 645 examples of the Octagonal Fifty Dollar Gold Pieces were distributed.

Important Note:
The coins and the original copper frame will be offered individually, after which the coins and the frame will be offered as a complete set with an opening bid of one bid over the aggregate hammer prices of the individual lots. If a bid is placed on the full set, the coins and frame will be sold as a complete set, and the bids on the individual lots will be canceled. If there are no bids for the complete set, the hammer prices on the individual lots will be honored.

The final winners of all CNG Keystone Auction: The Panama-Pacific Commemorative Set lots will be determined at the live auction that will be held on 6 November 2019 starting at 1:00 PM ET.

Winning bids are subject to a 20% buyer's fee for bids placed on this website, 22.50% for all others.