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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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1849 G$5 Moffat & Co., K-4 MS
Worth: $2,800 – $150,000
1849 G$10 Moffat & Co., TEN D., K-5 MS
Worth: $7,500 – $72,000
(1849) G$14.25 Moffat & Co., Ingot, 21 3/4 Carat, K-2 MS
(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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