Panama Pacific Coins: Unique Designs, Unusual Patterns…

As most people believe, coins are round-shaped metal discs that hold specific values of both financial and aesthetic origins. Nevertheless, the numismatic sphere is a bit more diverse than one may imagine. 1915 Panama Pacific exposition coins, for example, represent the unrecognized units of currency that boasted different values, designs, and shapes. 

Indeed, the background of these coins hides a vivid history and breakthroughs in the industry of numismatics. So, what were the circumstances that fueled the emergence of the Panama Pacific coins? What do these items look like, and how to select the best app to check coin value​ and the most appropriate instance for your collection? 

Historical Background of the 1915 Panama Pacific Coin

The story behind the Panama Pacific Coin is rather simple yet vibrant, and it all started in 1915 when these coins were minted so as to commemorate the Panama-Pacific Exposition in San Francisco. As such, this was dedicated to two major events precious for the locals, i.e., the completion of the Panama Canal and the recovery of the city from the 1906 earthquake. 

During that period, the US was witnessing drastic changes, especially in the spheres of technology, economy, and cultural development, too. To praise and celebrate these achievements, the US Mint was authorized to produce commemorative coins in five denominations, each of which may boast unique designs of tradition and innovation. These included a silver half dollar, gold instances of $1, $2,50, and two large $50 gold coins of different shapes. The American symbolism through classics and time.

Types of Coins Issued

Collectors are strange people. As a rule, they do not really think about what to take and how to collect, yet this case regarding a few types of coins (including the 1915 Pan Pacific $50 gold coin) represents an unusual but rewarding experience ever. As it is promoted by media, these coins are widely celebrated for their artistry and historical significance, so what is so unique about their designs and the set in general? What is the relevant 1915 Panama Pacific gold coin value? Let us see the mintage circulations of these coins.

1. Panama-Pacific Half Dollar

   Denomination	50 cents (silver)
   Design	The obverse with Liberty seated on a mythological hippocampus, and the reverse with an eagle perched on a Union shield.
   Designer	Charles E. Barber and George T. Morgan
   Mintage	27,134 coins

    

2. Panama-Pacific Gold Dollar
   

3. Panama-Pacific Quarter Eagle

4. Panama-Pacific Fifty Dollar Gold Coin (Round)

5. Panama-Pacific Fifty Dollar Gold Coin (Octagonal)

Unconventional Coin with The One-of-a-Kind Shape

Coins are generally the same: they are made of metal and round-shaped. Nevertheless, the set of Panama-Pacific coins comprised a unique option, i.e., the octagonal gold coin that presents the highest level of collectible value. In fact, the Panama-Pacific fifty-dollar gold coin appeared in two forms, i.e., round and octagonal, the designs should not really differ (even though the spacing between elements was adapted for them to be clearly visible on both types of forms. 

Interested in This Coin? Follow Our Tips

Anyone who is somehow connected to the numismatic sphere usually falls in love with the Panama-Pacific coins, especially the ones of an eight-sided shape. Indeed, it is a dream piece for many collectors, yet its rarity and historical significance means that it comes with an exceptional price tag (and strict requirements to boot). Should you finally decide to incorporate this unit of currency into your collection, follow the tips so as not to fall into the trap of numismatic allure and chaos. 

1. Explore Market Values 

Since the Panama-Pacific fifty-dollar gold coin was produced in small amounts of instances, it is known as an expensive element of any collection. To be more precise, its prices may range from $50,000 to over $200,000 (depending on the coin’s condition). Those units that demonstrate exceptional quality, Mint State, etc., may become even more valuable in the future. So, explore the market and analyze statistics, too. 

2. Verify Authenticity 

Like any valuable item, people with malevolent intentions may try to spoof collectors and trade fake options or reproductions only. Always buy coins from reputable dealers or auction houses (the best option!) with an experience of selling items of the same nature. 

Besides, it is a good idea to look for coins with certificates and all the necessary documents that verify their authenticity and grades (PCGS and NGC services at your disposal).

3.  Pay Attention to Proper Storage and Care 

So as to preserve the condition of a high-value coin, it is vital to ensure that the instance remains in the certified slab, which is to protect it from any environmental damage or human influence. Remember that humidity, dust, and other elements are the greatest enemies of your collection!

4. Attend Numismatic Shows and Auctions

Coin shows, conventions, and numismatic auctions are the most convenient spaces that provide numerous opportunities to view, assess, and potentially purchase rare finds, even foreign ones like Edward VII coins. As such, they also include dozens of activities for people to communicate, collaborate, and establish bonds for further interactions to be even more productive than ever. 

5. Employ Numismatic Software like Coin ID Scanner

Sometimes, it may be hard to identify a coin or evaluate how good its condition is. For those who are not sure about their skills and expertise, the industry presents Coin ID Scanner, an innovative tool for quick coin identification by photo, collection management, numismatic explorations, collaboration, and more. Scan coins with the use of a camera, identify their origins, compile a collection, inquire about any concerns, and communicate with those who care about coins like you do.

The Panama-Pacific coin series is considered one of the most remarkable commemorative issues in the US minting history. Though the events did not affect the world’s population drastically, the coins devoted to the local experiences attract collectors up till these days with innovator’s influence, global experience, and culturally proven definitions behind. 

Sources: 

1. https://www.usmint.gov/coins/coin-medal-programs/commemorative-coins/panama-pacific-exposition-half 

2. https://www.pcgs.com/coinfacts/coin/1915-s-50-panama-pacific-octagonal/7452