4-piece Pan-Pacific Set | G$50 over record price for a 63!
RedHerring
Posts: 2,077 ✭
A fellow posted this set on Coin Community last summer. It was his late uncle's set and had been in the family for generations. You can follow the thread here: CCF Thread He sent them to Heritage and they had PCGS grade them with very nice choice to gem MS results. All 4 pieces plus the box will be in the Long Beach Auction in February. Bidding begins January 17th. I am in no way connected to the seller but the story is so cool I wanted to post it here and include the auction links.
65001 (S50C PCGS MS63)
65002 (G$1 PCGS MS64+)
65003 (G$2.50 PCGS MS65)
65004 (G$50 Octagonal PCGS MS63)
65005 (box)
65001 (S50C PCGS MS63)
65002 (G$1 PCGS MS64+)
65003 (G$2.50 PCGS MS65)
65004 (G$50 Octagonal PCGS MS63)
65005 (box)
0
Comments
Not too many things cooler then that.............Breaking the set up
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
At least they kept the box with the set.
The silver never turned me on that much, but gold that was sold in sets really intrigues me.
BillJones doesn't have an octagonal, does he? If he does, I just quit!
Let's see that beautiful $2.5 you recently got, Bill. Please.
<< <i>Splitting the set up is a real shame. >>
If you buy the whole set and LB, you can crack them out and put them back in the box.
Beautiful.
Mike
<< <i>BillJones doesn't have an octagonal, does he? If he does, I just quit!
Let's see that beautiful $2.5 you recently got, Bill. Please.
>>
Okay here is my Pan-Pac $2.50 for an encore presentation. I’m surprised that you remembered it.
... And ... Please don't quite the hobby ...
And then one of the local Florida dealers at the show had just bought this one raw from a local source (estate?) and had just had it slabbed. The price was in the Gray Sheet range, and I actually paid less for this round one that I did for the octagonal piece despite the fact that they are both graded MS-64. This one is actually a little nicer than the octagonal, and it cost me less. It was the situation where I had an offer I couldn’t refuse … And yes my budget is blown for a while.
And yes, I'd love to own one of those boxes. A dealer at the show had a box for the single octagonal piece, but he wanted $1,000 for it. Last summer Heritage had a three piece set (half dollar, gold dollar and quarter eagle with the box) with that box, but I could not use the coins that came with it.
<< <i>I understand the rarity attraction of the octagonal, but it doesn't look like a coin and it's ugly. I can think of many places to put that kinda money--including the bank! >>
Ok. If you can't help yourself and can't avoid bidding on a coin you don't like, just post a thread here and the forum will sponsor an intervention. --Jerry
<< <i>I understand the rarity attraction of the octagonal, but it doesn't look like a coin and it's ugly. I can think of many places to put that kinda money--including the bank! >>
I'm sorry, but the octangonal Pan Pac is considered one of the most beautiful American coins ever produced. It is, without question, a work of art. You're entitled to your opinion of course, but I'm afraid you'll find very few who agree with you.
JH
Proof Buffalo Registry Set
Capped Bust Quarters Registry Set
Proof Walking Liberty Halves Registry Set
Edited to say: Congrats Bill!!!
<< <i>
<< <i>I understand the rarity attraction of the octagonal, but it doesn't look like a coin and it's ugly. I can think of many places to put that kinda money--including the bank! >>
I'm sorry, but the octangonal Pan Pac is considered one of the most beautiful American coins ever produced. It is, without question, a work of art. You're entitled to your opinion of course, but I'm afraid you'll find very few who agree with you.
JH >>
I think that the octangonal Pan-Pac is very attractive, and now that I own both, I think that it is prettier than the round version. Both, however, are not as nice as the 1907 High Relief $20 gold.
Edited to add - As a collector I'd love to own that Pan-Pac set raw in the original box. I've always found original packaging to be WAY cool. The trouble is when it comes time to sell the coins have to be certified to get the fair market value from them.
There is also the issue of preservation. The $50 gold pieces are big an soft and if you happen to drop one and put an edge dent on it, it would cost you many thousands of dollars. Slabs do provide a lot of protection.
Both the Oct and Round look GREAT...................MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
--Severian the Lame
1997-present
<< <i>
<< <i>BillJones doesn't have an octagonal, does he? If he does, I just quit!
Let's see that beautiful $2.5 you recently got, Bill. Please.
>>
Okay here is my Pan-Pac $2.50 for an encore presentation. I’m surprised that you remembered it.
... And ... Please don't quite the hobby ...
WOW!! Very, VERY nice !! Over the top beautiful....All the way!!
And then one of the local Florida dealers at the show had just bought this one raw from a local source (estate?) and had just had it slabbed. The price was in the Gray Sheet range, and I actually paid less for this round one that I did for the octagonal piece despite the fact that they are both graded MS-64. This one is actually a little nicer than the octagonal, and it cost me less. It was the situation where I had an offer I couldn’t refuse … And yes my budget is blown for a while.
And yes, I'd love to own one of those boxes. A dealer at the show had a box for the single octagonal piece, but he wanted $1,000 for it. Last summer Heritage had a three piece set (half dollar, gold dollar and quarter eagle with the box) with that box, but I could not use the coins that came with it. >>
<< <i>I want them all and the OGP, too! >>
Willing to trade a Kidney for the _Complete set... any takers ?
<< <i>I wonder why the set is being sold in the Long Beach sale, as opposed to the just-concluded FUN auction, as originally mentioned in the linked thread? >>
I forwarded this question to the consignor and will post the answer when received.
I thought this set was going to be a FUN also and am guessing the coins were not graded in time to have them ready for sale in mid-December.
Website-Americana Rare Coin Inc
<< <i>
<< <i>I wonder why the set is being sold in the Long Beach sale, as opposed to the just-concluded FUN auction, as originally mentioned in the linked thread? >>
I forwarded this question to the consignor and will post the answer when received.
I thought this set was going to be a FUN also and am guessing the coins were not graded in time to have them ready for sale in mid-December. >>
A walk through takes 1 day.
Anyone want to make an educated guess?
Dennis
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The only Pan-Pac $50 that was in the FUN auction was in an NCS holder, net graded to AU-50 and listed as "improperly cleaned." That was not for me.
But I'd probably want to swap out the dollar, It doesn't look so great from the pic.
60 years into this hobby and I'm still working on my Lincoln set!
Just as the dealer was handing the case of coins and a receipt across to me, my alarm clock went off.
The coins, the dealer, and the entire bourse floor of the show dissolved into swirling mist.
I awoke to find myself tangled in rumpled bedsheets with a drool-stained pillowcase.
*sigh*
<< <i>I bought one of those, once. For three hundred dollars. That's right- the WHOLE SET, and not replicas, either!
Just as the dealer was handing the case of coins and a receipt across to me, my alarm clock went off.
The coins, the dealer, and the entire bourse floor of the show dissolved into swirling mist.
I awoke to find myself tangled in rumpled bedsheets with a drool-stained pillowcase.
*sigh* >>
Try taking Tylenol PM next time. You might actually get your hands on it!
I will gladly pay twice issue, adjusted for inflation for the set :-)
<< <i>I just don't understand why such sets are graded. They are so fantastic in the OPG. Compare the image of the set in it's OGP where it's been since 1915 to a bunch of slabs and the empty box. It is a shame to grade and break up this set. WHY are there no such sets in my family??
I will gladly pay twice issue, adjusted for inflation for the set :-) >>
These coins are graded because that is only way to get the current fair market value from them. The King of Siam Proof set, which is a far more important item than this set, is out the original presentation holder and in slabs. At least that set is still intact.
I've wanted to find a silver 1876 Philadelphia centennial medal in the original box. The piece is not rare; one dealer at the 2010 FUN show must have had a 100 of them. The trouble was they were all separated from their boxes and many were cleaned to death. The best ones were in slabs with no box in sight.
We could say the same for modern commemorative coins. I've collected the modern commemoratives in the four and six piece wooden boxes where they were available. But untold numbers of pieces have been slabbed and boxes sold or even discarded.
I'm all for commerce and people earning a living, but sometimes commerce destroys some or a good deal of the beauty and charm for some collectables.
<< <i>Try taking Tylenol PM next time. You might actually get your hands on it! >>
Y'know, I really DID get to hold a raw AU octagonal $50 in my hand once. (It was in a flip, so it was protected from the drool.)
Feeling the heft of that sucker in my palm was a quasi-religious experience.
The reason I am asking is simple. Modern Bullion and Modern Commems are routinely bashed on the forum because they are overpriced and ugly. The Mint often DOES make a mess in many of their offerings, and in many cases Congress puts the Mint into ridiculous situations that turn out badly. However - sometimes, the result is a great opportunity!
I'm not suggesting that every Modern Bullion or Commem is a great investment or a great coin. What I am suggesting is that people ought to see things for what they are and to keep an open mind about Moderns.
I knew it would happen.
-------------------------
Mark Feld"
Taxes might be a reasonable guess assuming this is a taxable event (calling Longacre)?