- U.S. Coins /
- Pioneer & Territorial Gold /
- Moffat & Co. (San Francisco) /
- (1849) G$9.43 Moffat & Co., Ingot, 21 7/16 Carat, K-1 MS
(1849) G$9.43 Moffat & Co., Ingot, 21 7/16 Carat, K-1 MS
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Greysheet Catalog Details (GSID: 375855)
The Kagin-1 Moffat & Company ingot is the smaller of two known assay ingots from the California firm. Eckfeldt & Dubois New Varieties of Gold and Silver Coins reported that these bars were seen ranging in value “from about $9 to $260” and complained that “some were found to be rated too high, and others too low.” These are the earliest issues of Moffat & Company and are classified as assay ingots because they include the weight, fineness, and value of the bar, as opposed to the later $16 ingots, which merely reported their alleged fineness and value. Tests conducted in 2023 indicate that the fineness of the Kagin-2 ingot is 1.1% above its stated fineness, with an actual melt value of the of $9.57 in 1849 dollars (not including the native silver).
Obverse: MOFFAT & CO. 21 7/16 CARAT $9..43
Reverse: 10 DWT. 6 GRS.
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