Lot 4941
Hawaii. 12½ Cent Struck in Platinum, 1883. Weight 7.29 grams. Dated 1883 and struck circa 1900. On the holder Hawaii (fantasy) strike hub impression eighth dollar with lazy 8s with a format that imitates Medcalf-2CS.2. Obverse: Head of King Kalakaua I, facing right. Reverse: HAPAWALU within a wreath, with EIGHTH DOL. below. Originally part of a set of three platinum pieces (with the Quarter and Half Dollar), all are unofficial issues, probably struck at a later date, possibly Ex: The Palace Collections of Egypt (the King Farouk sale) lots 1502, 1503, and 1504. The Farouk sale catalog calls all three pieces unique, but there may be two or three pieces known of each. Sharply struck with slightly granular surfaces. Pop 1, The only one ever graded by PCGS. PCGS graded MS-65.
Estimated Value $20,000 - 24,000.
Ex: Palace Sale King Farouk 1954 Lot 1504.
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