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(1849) 16 Dollar Gold Ingot Moffat & Co., Ingot, 20 3/4 Carat, K-3

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(1849) 16 Dollar Gold Ingot Moffat & Co., Ingot, 20 3/4 Carat, K-3

Business Strike

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Greysheet Catalog Details (GSID: 11814)

The (1849) 16 Dollar Gold Ingot is part of a series of Pioneer & Territorial Gold coins struck from 1849-1850. The specific variety is Moffat & Co.. Struck in San Francisco and designated as a Business (MS) strike, this coin is made of Gold and has a rarity rating of 6.
The only Moffat ingots known in private hands are the $16 monetary ingots. Unlike the earlier Moffat assay ingots, these pieces are only marked with the fineness of 20 3⁄4 carats, and the value of $16, making it impossible to calculate their weight without a scale. At the time these pieces were issued, they were apparently widely referred to as “California Doubloons” due to their denomination. Contemporary reports indicate that $16 Moffat Ingots were not of a consistent weight or fineness when assayed. One example tested in 2017 weighed .931-oz and had a fineness of .879, yielding a gold value (in 1849 dollars) of $16.91.
Obverse: MOFFAT & CO. 20 3/4 CARAT $16.00
Reverse: Blank reverse.

Catalog Details    Dealers Only

Catalog Detail

GSID: 11814
Coin Date: (1849)
Denomination: G$16.00 / 16 Dollar Gold Ingot
Designation: MS
Mint Location: San Francisco
Coinage Type: Pioneer & Territorial Gold
Coinage Years: 1849-1850
Composition: Gold
Variety: Moffat & Co.
Variety 2: Ingot, 20 3/4 Carat, K-3
Rarity: R-6
Strike Type: Business
Coin Shape: Rectangular
Obverse Lettering: MOFFAT & CO. 20 3/4 CARAT $16.00
PCGS #: 10253
NGC ID: B429
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