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(1849) G$9.43 Moffat & Co., Ingot, 21 7/16 Carat, K-1 MS

Greysheet & CPG® Values
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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 Description

MOFFAT & CO. 21 7/16 CARAT $9..43

Reverse Description

10 DWT. 6 GRS.

Catalog Information

GSID: 375855
Obverse Lettering: MOFFAT & CO. 21 7/16 CARAT $9..43
Reverse Lettering: 10 DWT. 6 GRS.
Strike Type: Business
Coin Shape: Rectangular
Edge: Plain
Variety: Moffat & Co.
Variety 2: Ingot, 21 7/16 Carat, K-1
Coin Date: (1849)
Denomination: G$9.43
Designation: MS
Mint Location: San Francisco
Mintage: unique
Coinage Type: Private & Pioneer Gold
Coinage Years: 1849-1850
Composition: Gold
Rarity: Unique
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