Coin Specifications

Category: Gold Commemoratives (1903-1926)
Mint: San Francisco
Mintage: 483
Obverse Designer: Robert Aitken
Reverse Designer: Robert Aitken
Composition: Gold
Fineness: 0.9000
Weight: 83.5900g
AGW: 2.4186oz
Melt Value: $3537.44 (12/7/2019)
Diameter: 44mm
Edge: Reeded
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1915 S ROUND PANAMA-PACIFIC $50 MS obverse 1915 S ROUND PANAMA-PACIFIC $50 MS reverse
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Description & Analysis

The Panama Canal, which remains one of the engineering marvels of the modern age, was completed in August of 1914. To celebrate this achievement, Congress authorized the Panama-Pacific International Exposition of 1915. This Expo, held in San Francisco, was also a celebration of the city’s recovery from the devastating earthquake of 1906. In addition to the expo, Congress authorized a series of commemorative coins honoring the exposition. These were to include a half dollar, gold dollar, $2.5 gold piece, and two different $50 gold pieces; one round, and one octagonal. The bill authorizing these issues was signed into law on January 16, 1915. New York artist Robert Aitkin was selected to design both of the $50 gold pieces. He was a well-regarded sculptor, but had never before designed a coin. His designs, while not inherently American, was a rather successful attempt to obtain classic Greek motifs on modern coinage.

Aitkin’s obverse depicts a left-facing bust of Minerva, the Roman goddess of, among other things, wisdom, skill, and agriculture. She wears a crested helmet, pushed back to signify peaceful intentions—a symbol of American sentiment towards a Europe deeply embroiled in the carnage of World War I. The date appears in Roman numerals—MCMXV—at the top of Minerva’s shield. The entire central design is surrounded by a long and short-beaded motif, also adapted from Greek design. On the octagonal pieces, the central design was smaller, and stylized dolphins were placed in each of the eight corners on both obverse and reverse. UNITED STATES OF AMERICA and FIFTY DOLLARS appear on the periphery of the obverse. IN GOD WE TRUST can be seen above Minerva’s head.

The coins’ reverse depicts an owl perched on a Ponderosa Pine, surrounded by cones. Owls were sacred to Minerva, and the bird is commonly recognized as a symbol for wisdom. The beaded border is repeated again on the reverse, separating the central design from the legends PANAMA PACIFIC EXPOSITION and FIFTY DOLLARS around the periphery. E PLURIBUS UNUM can be seen to the right of the owl.

A special 14-ton press was transported from the Philadelphia Mint to San Francisco to strike the coins. In total, 1,500 of both the octagonal and round were struck. Despite the popularity of the large size and design, only 645 of the octagonal, and 483 of the round were sold. This was likely due to the extremely high cost of the coin. Finding buyers at $100 for a $50 gold coin when wages were low, interest in numismatics was insignificant, and political and economic uncertainty high, was a difficult task at best.


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Price Guide

Last Updated: 12/6/2019

Click on a price to see historical prices, comparison charts and trends.

Base $ - - - 34500 48500 57000 58000 60000 65500 71500 80000 84500 110000 135000 192500 260000 375000 - - -
$ - - - - - - - - 120000 150000 225000 315000 - -

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Total Graded: 401
Low Grade: 55
Average Grade: 63
High Grade: 67

The chart showing 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series, 66 series, 67 series.
NGC CENSUS DETAIL Last Updated: 12/3/2019 1915 S ROUND $50 PANAMA-PACIFIC MS
 ---------0 %5 %0 %6 %12 %20 %37 %15 %5 %1 %--- 

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
1/10/1998 NGC MS 64   Heritage Auctions 1998 F.U.N. Signature Sale #181, 181/Lot# 7397 $41,400.00
4/3/2006 NGC MS 64   David Lawrence Rare Coins Auction 81: The Leesburg Sale, 86/Lot# 1134 $84,525.00
4/2/2007 NGC MS 64   Teletrade Auction 2348, 2348/Lot# 2421 $91,840.00
3/18/2012 PCGS MS 63   GreatCollections GreatCollections Coin Auctions 03/18/2012, 13/Lot# 41805 $79,750.00
9/2/2012 NGC MS 64   Goldberg September 2-5, 2012 The September 2-5, 2012, 70/Lot# 2239 $85,100.00
8/30/2013 PCGS   Stack's Bowers The September 2013 Philadelphia Auction, 195/Lot# 3305 $35,250.00
6/27/2014 NGC Details UNC Details  Stack's Bowers June 2014 Baltimore, 6021/Lot# 2377 $39,362.50
8/5/2014 PCGS MS 62   Heritage Auctions 2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago Session(4), 1208/Lot# 5773 $82,250.00
4/27/2016 PCGS MS 64   Heritage Auctions 2016 April 27 - May 1 CSNS US Coins Signature Auction - Chicago Session(3), 1234/Lot# 4866 $205,625.00

NGC Registry

NGC Registry Score 1915 S ROUND $50 PANAMA-PACIFIC MS
Competitive Registry Sets
Registry Image Gallery
Grade: MS 65
Points: 15296
Owner: RDN
Grade: MS 65
Points: 14619
Owner: Rose Collection
View the Registry Image Gallery

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