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Panama - Pacific $50 Gold Slug For Your Grading Opinions

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billjones's Avatar
United States
1499 Posts
 Posted 05/12/2016  08:47 am Show Profile   Bookmark this topic Add billjones to your friends list Get a Link to this Message Number of Subscribers
Panama---Pacific-$50-Gold-Slug-For-Your-Grading-Opinions Panama---Pacific-$50-Gold-Slug-For-Your-Grading-Opinions

Here is one of rarest 20th century U.S. coins, the 1915 Panama - Pacific octagonal $50 gold. There were 1,500 of these coins struck, but all but 645 were melted. The reason was the issue price, which was $100. For that price you got the $50 gold plus the half dollar, gold dollar and $2.50 gold Despite that $100 was substantial portion of the average family's annual income. Therefore only banks and wealthy individuals could afford to buy this coin and its round sister.

So how would you grade this one?
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BigSilver's Avatar
United States
2843 Posts
 Posted 05/12/2016  08:51 am  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply
If I only had a time machine, and few hundred dollars...
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muddler's Avatar
United States
7187 Posts
 Posted 05/12/2016  09:32 am  Show Profile   Bookmark this reply Add muddler to your friends list Get a Link to this Reply
This commemorative coin has always appealed to me. Alas I will probably never own one.
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Norway
148 Posts
 Posted 05/12/2016  10:31 am  Show Profile   Bookmark this reply Add aleroe to your friends list Get a Link to this Reply
63?
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Mister Kairu's Avatar
United States
1911 Posts
 Posted 05/12/2016  10:57 am  Show Profile   Bookmark this reply Add Mister Kairu to your friends list Get a Link to this Reply
So just looked up market value for this and gotta say holy moley that is a very nice coin! I have no clue as far as a grade goes on this. Super nice!
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TypeCoin971793's Avatar
United States
6370 Posts
 Posted 05/12/2016  11:05 am  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply
I'm going to say MS-65.

I like the marbled look of the surfaces on the obverse.
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jdmern's Avatar
United States
1949 Posts
 Posted 05/12/2016  11:48 am  Show Profile   Bookmark this reply Add jdmern to your friends list Get a Link to this Reply
Stunning coin, MS64?
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MeadowviewCollector's Avatar
United States
4409 Posts
 Posted 05/12/2016  2:35 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply
MS-64

Slight side note: the CCF once help advise a member that inherited a four coin set in an original case https://goccf.com/t/70766
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fenton's Avatar
United States
4989 Posts
 Posted 05/12/2016  3:17 pm  Show Profile   Bookmark this reply Add fenton to your friends list Get a Link to this Reply
I'll say 64 due to the hit under the chin
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CoinCollector2012's Avatar
United States
8137 Posts
 Posted 05/12/2016  3:44 pm  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
Is there any US coin you dont have Billjones?!

MS-64
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billjones's Avatar
United States
1499 Posts
 Posted 05/12/2016  4:17 pm  Show Profile   Bookmark this reply Add billjones to your friends list Get a Link to this Reply

Quote:
Is there any US coin you dont have Billjones?!


Plenty of them. I am not a great date and mint set collector. At my local club I asked if any of they guys had a set of JFK half dollars. I have all of the Proofs because I have the Proof sets, but I'm missing most all of the others.

I've also never admired the Washington quarter. I couldn't even get into them when I was young collector. I thought that the obverse design was uninspiring and the reverse was cluttered. I have a 1932-P as a type coin and a coupld of Proofs in addition to what is in my Proof sets, that's it.

I have a complete U.S. type set. That's why it looks like I have everything. I have purchased little pieces of everything.
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bpoc1's Avatar
United States
4078 Posts
 Posted 05/12/2016  4:18 pm  Show Profile   Bookmark this reply Add bpoc1 to your friends list Get a Link to this Reply
Wow. Thanks for posting this amazing coin, Billjones.

After reading MeadowviewCollector post about a previous CCF post.
MS64.

Quote:
On a side note, I'm from Worcester, maybe we are related. LOL
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billjones's Avatar
United States
1499 Posts
 Posted 05/12/2016  4:25 pm  Show Profile   Bookmark this reply Add billjones to your friends list Get a Link to this Reply
Panama---Pacific-$50-Gold-Slug-For-Your-Grading-Opinions

I used to belong to the Worcester (Massachusetts) County Numismatic Society. It was an active, fun club with lots of enthusiastic adult and junior members.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 05/12/2016  4:50 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Haven't graded any of these lately (actually never), but I'll say 64 as well. Jaw-dropping.
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nickelsearcher's Avatar
United States
15392 Posts
 Posted 05/12/2016  7:09 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
I left many comments on your $50 round example ... will not repeat them here.

Spectacular coin billjones ... and the dream of many true fans of the classic commemorative series.

For the grading game ... I'm going MS64.

A very rare, desirable and valuable example of USA commemorative history.

Thanks for sharing!

David
Take a look at my other hobby ... http://www.jk-dk.art
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sel_69l's Avatar
Australia
21786 Posts
 Posted 05/12/2016  8:14 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I had the round and octagonal pair sitting in the palms of my hands at an auction view day (Noble Numismatics - Australia's leading specialist coin auctioner); over four ounces of gold!

That rather memorable event was many years (30+) ago.
Edited by sel_69l
05/12/2016 8:15 pm
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