NNP Encyclopedia data is provided in cooperation with Whitman Brands, based on catalog data organized by the Greysheet Identification System (GSID).
Entry Details
Coin Date: (1849) Denomination (Short): G$9.43 Denomination (Long): $9.43 Gold Ingot Variety: Moffat & Co. Variety 2: Ingot, 21 7/16 Carat, K-1 Desg: MS Composition: Gold Mintage: unique Strike Type: Business Coinage Type: Private & Pioneer Gold Coinage Years: 1849-1850 Mint Location: San Francisco Edge: Plain Obverse Description: MOFFAT & CO. 21 7/16 CARAT $9..43 Reverse Description: 10 DWT. 6 GRS. General Notes: 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). NGC ID: B429
