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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.
Book Reference
The K-1 Moffat & Company ingot is the smaller of two known assay ingots from the California firm. Eckfeldt and Dubois, in 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 K-2 ingot is 1.1% above its stated fineness, with an actual melt value of the of $9.57 in 1849 dollars (not including the native silver).
Obverse: MOFFAT & Co_ 21 7/16 Ca$a% $9.. 43
Reverse: 10 D&%. 6G$s.
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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To: editor@greysheet.com
Subject: I would like to contribute catalog info to CDN for (1849) G$9.43 Moffat & Co., Ingot, 21 7/16 Carat, K-1 MS
Body: Referring page: http://dev.greysheet.com/prices/item/1849-moffat-nine-dollar-ingot-kagin-3-territorial-gold-coinage/gsid/375855 GSID: 375855 Title: (1849) G$9.43 Moffat & Co., Ingot, 21 7/16 Carat, K-1 MS
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Request Pricing1849 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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