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1850 $5 Moffat & Co. Five Dollar MS65 PCGS. Large Eagle, "K-7c," R.4....

2014 January 8 - 12 FUN US Coin Signature Auction - Orlando #1201

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Auction Ended On: Jan 9, 2014
Item Activity: 6 Internet/mail/phone bidders
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Location: Orange County Convention Center
9800 International Drive
Orlando, FL 32819
1850 Moffat & Co. Five Dollar, MS65
Large Eagle, 'K-7c' Reverse
1850 $5 Moffat & Co. Five Dollar MS65 PCGS. Large Eagle, "K-7c," R.4. The Large Eagle reverse with top left leaf cluster underlining the M of S.M.V. (for Standard Mint Value). Moffat & Co. began as a private assay office, advertising in California for the first time in June 1849. Within the space of five years the firm gained an unshakable reputation even as it underwent a series of notable events and changes, including official work with the U.S. Assayer of Gold, the departure of its namesake partner, its reorganization under Moffat's assistants (Curtis, Perry, and Ward), and the sale of its coining operations to the Treasury Department, which used them as the nucleus for the San Francisco Mint.

Even the best 1850 Moffat & Co. five dollar coins show softness in the centers, which is plainly the case with this Gem. Flatness is not the same as wear, though, as the intact luster demonstrates with a mix of partial peripheral satin and broad gleam. The obverse shows only a handful of wispy faults, though a couple of small digs are visible in the fields around the eagle's head. Even these have little impact on the all-around visual appeal.

This is the sole finest 1850 Moffat & Co. five dollar in the combined certified population; while NGC and PCGS each list an example in MS65, this lot includes the insert from the NGC MS65 holder, meaning the coins are one and the same. Both the NGC insert and the PCGS holder are of a certain vintage, the latter with a classic green label. For the elite collector of private and Territorial gold, no other 1850 Moffat & Co. five will do. Listed on page 380 of the 2014 Guide Book.
From The Klamath Mountain Collection, Part II. (PCGS# 10243)

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