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Moffat & Co. (San Francisco)

In 1851, certain issues of the Miners' Bank, Baldwin, Pacific Company, and others were discredited by newspaper accounts stating they were of reduced gold value. This provided an enhanced opportunity for Moffat and the U.S. Assay Office of Gold. Fractional-currency coins of almost every nation were being pressed into service by the Californians, but the supply was too small to help to any extent. Moffat & Co. proceeded in January 1852 to issue a new ten-dollar gold piece bearing the stamp MOFFAT & CO.

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