Finally! A Panama Pacific $2.50 that I like!
BillJones
Posts: 34,896 ✭✭✭✭✭
I’ve been looking for this coin since January. There was either nothing I liked at the shows, or I saw one I liked at an auction, going by the picture, that I did not win. Of course I should have known better than to go by the pictures since I got burned once, but as Dr. Sheldon wrote in Penny Whimsey, “some times the bug bites HARD.”
Well here it is thick satin luster and all! These coins were made from oddly prepared dies. The dies did not have a true brilliant finish, but instead had a myriad of fine lines in the fields that give the coin a decided different look. This one is a PCGS MS-66, and it easily makes the grade.
And oh yes, the creature with the head of a horse and the tail of a dragon is called a hippocampus. It is symbolic of moving goods through the Panama Canal.
Well here it is thick satin luster and all! These coins were made from oddly prepared dies. The dies did not have a true brilliant finish, but instead had a myriad of fine lines in the fields that give the coin a decided different look. This one is a PCGS MS-66, and it easily makes the grade.
And oh yes, the creature with the head of a horse and the tail of a dragon is called a hippocampus. It is symbolic of moving goods through the Panama Canal.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
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oh man that is sweet piece of small gold Bill!! Congrat's on finding one you really wanted!!
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<< <i>Very nice piece, and an excellent explanation of the die prep involved on this piece. What exactly is the border on the obverse? Is that a pattern or a granulation? >>
I think what you see is the edge of the gasket that PCGS puts in the holder to hold the coin in place and up right. The edge on this coin is nothing fancy. In the ANA – Heritage sale, there was one of these in an ancient PCGS large holder in which the coin had rotated something like 120 degrees.
From the pictures I really liked the coin, but I hesitated to bid on it because it was rotated in the holder. It didn’t matter someone bid it up in the MS-65 holder to strong MS-66 money.
fwiw:
John
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PS: The hubs were cut by mechanical reduction.
May have to settle for an AU, as a 3 is in the $4500 range.
yessir, I seriously began looking at these as I was wrapping up my 12-piece type set. I got me a nice little MS64, $1 Pan-Pac. The $2.5 is outta site.
So far I've been able to distract myself enough from getting too serious about the $2.5 by adhering to my early Walker upgrade regimen.
There's a nice $2.5 offered by an outfit in Houston, but the money they want is about what two of my next, planned Walker upgrades will be. The Walkers take precedence.
Does this particular coin series get mistaken for AU a lot?
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Bill, do you still own this beauty?
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