1915-S $50 Pan-Pac Round MS (PCGS# 7451)

The March 2011 Baltimore Auction

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Lot Description
1915-S Panama-Pacific Exposition $50. Round. MS-63 (PCGS). We are delighted to be offering a pair of Panama-Pacific&nbsp;Fifty-Dollar Commems in this sale that were obtained at the exposition in 1915 and passed down through the family that consigned them to this auction. Both coins -- the PCGS MS-63 Round in this lot and the PCGS MS-64 Octagonal -- were newly certified for this sale and are making their first appearance in the numismatic market. The Round we are offering here is wonderfully original with warm, even, orange-gold color to both sides. The luster exhibits a lovely, softly frosted texture interrupted only by a trace of minor handling in and around the central obverse that accounts for the grade. We stress, however, that the central obverse of Round Pan-Pac Fifties almost always displays some degree of handling, and a lack of sizeable or otherwise individually conspicuous abrasions for this coin is a particularly praiseworthy attribute for the type. A "fresh" and completely original piece that is sure to arouse the interest of advanced collectors and other veteran bidders.<br /> &nbsp;&nbsp;&nbsp;&nbsp;The Panama-Pacific Exposition Fifty-Dollar gold coins are key issues to completion of a set of classic United States Commemoratives. These coins were authorized for sale at the 1915 Panama-Pacific International Exposition in San Francisco, and 1,500 examples of both the Round and Octagonal variants were produced. The coins were sold at the exposition for $100 each (which price also entitled the buyer to receive an example of the Pan-Pac Half Dollar, Gold Dollar and Quarter Eagle). The Fifties were also offered as part of complete five-piece Panama-Pacific Commemorative coin sets ($200/set) and ten-piece double sets ($400/double set). These asking prices proved too high for many exposition attendees, however, and a large number of Fifties remained unsold at the close of the event. Despite the efforts of Farran Zerbe -- the best-known numismatist in the Unite
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