Stack's Bowers & Ponterio
August 2018 ANA - Sess. A, B, D 14 & 16 Aug 2018
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PANAMA. Gold Medal, 1880. PCGS SP-60 Secure Holder.
cf.Lec-2. Struck to mark the inauguration of the construction of the Panama Canal by Ferdinand de Lesseps. Routed by the mosquito, the French were unable to complete the project and the subscribers lost their investment. Engraved by Oscar Roty, who later designed the "Semeuse" franc and two francs for France. Obverse: "PERCEMENT DE L'ISTHME DE PANAMA", France joins the gods of the Atlantic and Pacific, the isthmus below; Reverse: eight line inscription, "CANAL/ DE PANAMA/ COMPAGNIE UNIVERSELLE/ DU CANAL INTEROCEANIQUE/ 7 8 ET 9 DECEMBRE 1880/ A SES SOUSCRIPTEURS/ LA BANQUE/ PARISIENNE". A few marks and some cabinet friction are visible, but the matte finish should not be mistaken for hairlines. Appearing from time to time in silver and bronze, but EXTREMELY RARE in this gold format and remarkably desirable as a collectible given its link to the world-famous canal. PCGS SP-60 Secure Holder.
Estimate: $5000.00- $7000.00
cf.Lec-2. Struck to mark the inauguration of the construction of the Panama Canal by Ferdinand de Lesseps. Routed by the mosquito, the French were unable to complete the project and the subscribers lost their investment. Engraved by Oscar Roty, who later designed the "Semeuse" franc and two francs for France. Obverse: "PERCEMENT DE L'ISTHME DE PANAMA", France joins the gods of the Atlantic and Pacific, the isthmus below; Reverse: eight line inscription, "CANAL/ DE PANAMA/ COMPAGNIE UNIVERSELLE/ DU CANAL INTEROCEANIQUE/ 7 8 ET 9 DECEMBRE 1880/ A SES SOUSCRIPTEURS/ LA BANQUE/ PARISIENNE". A few marks and some cabinet friction are visible, but the matte finish should not be mistaken for hairlines. Appearing from time to time in silver and bronze, but EXTREMELY RARE in this gold format and remarkably desirable as a collectible given its link to the world-famous canal. PCGS SP-60 Secure Holder.
Estimate: $5000.00- $7000.00