Lot 1766
1915-S. Panama Pacific Set in the original Box of issue. Consists of: Half Dollar, $1.00 gold, $2.50 gold, $50.00 Round, $50.00 Octagon. The 5-piece set grades AU to Mint State. Always in great demand as the most desirable commemorative set of American coinage.
Today the five different coins issued in connection with the Panama-Pacific International Exposition stand as the high-water mark among American commemoratives.
Sixty thousand commemorative half dollars were coined, of which 34 were reserved for assay. Of the 59,966 pieces available, 27,100 were sold and 32,866 were destroyed later at the Mint. 25,034 gold dollars were coined, of which 34 were used for assay and the balance all sold. 10,017 $2.50 gold pieces were struck, of which 17 were used for assay, leaving 10,000 available. Of these 10,000 there were 6,750 sold and the rest, 3,250 pieces, were melted.
There were 1,509 of the octagonal $50 pieces made, of which nine were used for assay, 646 were actually sold and 854 went to the melting pot. There were 1,510 round $50 pieces including 10 for assay. Just 483 were sold. 1,017 were melted.
The striking of the first octagonal $50 gold piece, the largest coin ever authorized by the government, and the first minted since 1852 of any other shape than circular, was made a notable occasion at the mint.
Estimated Value $75,000 - 85,000.
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