NGC Grades Rare 1915 Panama-Pacific Double Set
Posted on 11/14/2017
Numismatic Guaranty Corporation (NGC) has certified an extremely rare 1915 Panama-Pacific “Double Set.” The set, one of the rarest and most remarkable items in all of American numismatics, will be sold by Heritage Auctions in January.
In 1915, San Francisco hosted the Panama-Pacific Exposition, a World Fair that celebrated one of the greatest feats of American engineering: the opening of the Panama Canal. The San Francisco Mint struck five commemorative coins to support the fair, including a silver half dollar, a gold dollar, a gold quarter eagle, a round gold $50 and an octagonal gold $50.
Most notable were the round and octagonal gold $50s, the largest gold coins ever struck by the US Mint. While these two coins are the pinnacle of any collection of classic commemoratives, all Panama-Pacific issues are highly sought by collectors for their low mintages and exquisite artistry.
1915-S Octagonal Panama-Pacific Gold $50, graded NGC MS 65
Click images to enlarge. |
1915-S Round Panama-Pacific Gold $50, graded NGC MS 66
Click images to enlarge. |
The Panama-Pacific commemoratives were originally sold both individually and in sets. A single example sold for about double its face value. A three-coin “small set” without a gold $50 sold for $7.50, a four-coin set with only one of the gold $50s was sold for $100 and a five-coin set with both gold $50s was sold for $200. The premier offering was a 10-coin “complete double set” that contained two examples of each coin for $400.
Housed in a beautiful copper and glass frame with a velvet interior, the double set was truly extraordinary. It was also expensive, and less than a dozen of these sets were sold. Even fewer have survived.
NGC Chairman & Finalizer Mark Salzberg recalls having seen one 30 or 35 years ago but not having the opportunity to examine it in hand. As a result, the submission of this set stoked a particularly strong reaction from the seasoned grader, who described his examination in detail:
1915-S Panama-Pacific Half Dollar, graded NGC MS 65+
Click images to enlarge. |
The coins were encapsulated by NGC with the pedigree “Original Double Pan-Pac Set” noted on the certification label. A list of the coins and grades follows:
- 1915-S Panama-Pacific Half Dollar, NGC MS 65
1915-S Panama-Pacific Half Dollar, graded NGC MS 65 (Images courtesy of Heritage Auctions)
Click images to enlarge.- 1915-S Panama-Pacific Half Dollar, NGC MS 65+
1915-S Panama-Pacific Half Dollar, graded NGC MS 65+
Click images to enlarge.- 1915-S Panama-Pacific Gold Dollar, NGC MS 64
1915-S Panama-Pacific Gold Dollar, graded NGC MS 64
Click images to enlarge.- 1915-S Panama-Pacific Gold Dollar, NGC MS 66
1915-S Panama-Pacific Gold Dollar, graded NGC MS 66
Click images to enlarge.- 1915-S Panama-Pacific Quarter Eagle, NGC MS 65
1915-S Panama-Pacific Quarter Eagle, graded NGC MS 65
Click images to enlarge.- 1915-S Panama-Pacific Quarter Eagle, NGC MS 66+
1915-S Panama-Pacific Quarter Eagle, graded NGC MS 66+
Click images to enlarge.- 1915-S Round Panama-Pacific Gold $50, NGC MS 64
1915-S Round Panama-Pacific Gold $50, graded NGC MS 64
Click images to enlarge.- 1915-S Round Panama-Pacific Gold $50, NGC MS 66
1915-S Round Panama-Pacific Gold $50, graded NGC MS 66
Click images to enlarge.- 1915-S Octagonal Panama-Pacific Gold $50, NGC MS 62
1915-S Octagonal Panama-Pacific Gold $50, graded NGC MS 62
Click images to enlarge.- 1915-S Octagonal Panama-Pacific Gold $50, NGC MS 65
1915-S Octagonal Panama-Pacific Gold $50, graded NGC MS 65
Click images to enlarge.All 10 coins will be sold as part of Heritage Auctions’ FUN Platinum Night, held Jan. 6 in Tampa. The original case is also for sale. View the auction at HA.com/1271
Related Links
Stay Informed
Want news like this delivered to your inbox once a month? Subscribe to the free NGC eNewsletter today!
Add Coin
Join NGC for free to add coins, track your collection and participate in the NGC Registry. Learn more >
The NGC Registry is not endorsed by or associated with PCGS or CAC. PCGS is a registered trademark of Collectors Universe, Inc. CAC is a trademark of Certified Acceptance Corporation. - 1915-S Panama-Pacific Half Dollar, NGC MS 65+