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ANA Signature US Coin Sale 1258  2-6 Aug 2017
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Lot 4234

Starting price: 1 USD
Price realized: 60 000 USD
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Commemorative Gold
1915-S $50 Panama-Pacific 50 Dollar Octagonal MS62 PCGS. Although their round counterparts are slightly rarer, the fifty dollar octagonal Panama-Pacific commemoratives are more prominent to nonspecialists. There is no other issue like it in the American commemorative series, classic or modern; only the fifty dollar round pieces match the octagonal coins' sheer size, and there is no substitute for their singular eight-sided shape.
It is unsurprising that the fifty dollar octagonal coins should be sought-after today, just as they were almost a century ago, despite a selling price that was double an already considerable face value. The fifty dollar octagonal coins had their share of popularity, but the number of individuals who could afford them was small. As Q. David Bowers noted in Commemorative Coins of the United States: A Complete Encyclopedia: "Sales were not up to expectations, and after November 1916 a quantity amounting to 855 octagonal pieces went to the melting pot, leaving a net issuance of 645 pieces."
This MS62 representative has warm butter-yellow luster with occasional green-gold accents. The strike is pleasing, if a trifle soft on Minerva's helmet, and there are no singularly mentionable abrasions; rather, a number of wispy marks, some in the fields and others on the central devices, combine to preclude Select status. Still, this coin's considerable eye appeal is not to be denied. A readily collectible example of an important and memorable classic gold commemorative.
Ex: Palm Beach Signature (Heritage, 7/2009), lot 1164; FUN Signature (Heritage, 1/2010), lot 2645.


HID02901242017
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