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This is among the finest certified Pan-Pac $50 Rounds in today's hobby. Prepared in both octagonal and round formats, the first Panama-Pacific fifties were struck on June 29, 1915. The original mintage of the round variety was 1,500 pieces for distribution. Only 483 examples of the round $50 were sold with the remaining coins being melted by federal authorities. Long recognized as a condition rarity, this issue has an NGC population of only 19 coins in MS66 and four examples in MS67. PCGS has certified only one coin at the MS66 level, none finer. Direct angles display medium intensity yellow-gold color with suggestions of pale orange overtones here and there. One can see more deeply set green-gold shadings as the surfaces turn away from the light. Both sides are uncommonly smooth for the type.
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