Name: (1849) G$16.00 Moffat & Co., Ingot, 20 3/4 Carat, K-3 MS
SKU: 11814

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(1849) G$16.00 Moffat & Co., Ingot, 20 3/4 Carat, K-3 MS

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The only Moffat ingots known in private hands are the $16 monetary ingots. Unlike the earlier Moffat assay ingots, these pieces are only marked with the fineness of 20 3⁄4 carats, and the value of $16, making it impossible to calculate their weight without a scale. At the time these pieces were issued, they were apparently widely referred to as “California Doubloons” due to their denomination. Contemporary reports indicate that $16 Moffat Ingots were not of a consistent weight or fineness when assayed. One example tested in 2017 weighed.931-oz and had a fineness of.879, yielding a gold value (in 1849 dollars) of $16.91.

Obverse Description

MOFFAT & CO. 20 3/4 CARAT $16.00

Reverse Description

Blank reverse.

Book Reference

The only Moffat ingots known in private hands are the $16 monetary ingots. Unlike the earlier Moffat assay ingots, these pieces are only marked with the fineness of 20 3/4 carats, and the value of $16, making it impossible to calculate their weight without a scale. At the time these pieces were issued, they were apparently widely referred to as “California Doubloons” due to their denomination. Contemporary reports indicate that $16 Moffat Ingots were not of a consistent weight or fineness when assayed. One example tested in 2017 weighed .931 oz. and had a fineness of .879, yielding a gold value (in 1849 dollars) of $16.91.

Obverse: MOFFAT & Co_ 20 3/4 Ca$a% $16.00

Reverse: Blank