Augustus Humbert, a New York watchcase maker, was appointed United States assayer, and he placed his name and the government stamp on the ingots of gold issued by Moffat & Co. The assay office, a provisional government mint, was a temporary expedient to accommodate the Californians until the establishment of a permanent branch mint. The fifty-dollar gold piece was accepted by most banks and merchants as legal tender on a par with standard U.S. gold coins and was known variously as a slug, quintuple eagle, or five-eagle piece. It was officially termed an ingot.
NNP Encyclopedia data is provided in cooperation of Collectibles Technology Corporation (CTC) and CDN Publishing, LLC. NNP assumes no liability or accuracy of this data.