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Like the $9.25 Moffat & Company ingot, the Kagin-2 is an example of an early Moffat assay ingot and was saved from the melting pot sometime in late 1849 or early 1850 at the Philadelphia Mint. Tests in 2023 indicated that its fineness was around 2.1% lower than that stated on its face. The gold that it contained would have been valued at $13.97 in 1849, demonstrating just how inaccurate these early assay ingots could be.
Obverse Description
MOFFAT & CO. 21 3/4 CARAT $14.25
Reverse Description
DWT. GRS. 15.6.
Catalog Information
GSID:
375856
Obverse Lettering:
MOFFAT & CO. 21 3/4 CARAT $14.25
Reverse Lettering:
DWT. GRS. 15.6.
Strike Type:
Business
Coin Shape:
Rectangular
Edge:
Plain
Variety:
Moffat & Co.
Variety 2:
Ingot, 21 3/4 Carat, K-2
Coin Date:
(1849)
Denomination:
G$14.25
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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1849 G$5 Moffat & Co., K-4 MS
Worth: $2,800 – $150,000
(1849) G$9.43 Moffat & Co., Ingot, 21 7/16 Carat, K-1 MS
1849 G$10 Moffat & Co., TEN D., K-5 MS
Worth: $7,500 – $72,000
(1849) G$16.00 Moffat & Co., Ingot, 20 3/4 Carat, K-3 MS
Worth: $300,000 – $432,000
1849 G$10 Moffat & Co., TEN D., K-5 PR
1849 G$10 Moffat & Co., TEN DOL., Period below Arrowhead, K-6 MS
Worth: $7,500 – $120,000
1849 G$10 Moffat & Co., TEN DOL., Period above Arrowhead, K-6a MS
Worth: $7,500 – $33,600
1850 G$5 Moffat & Co., K-7 MS
Worth: $3,750 – $240,000
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