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Lot
8286

MOFFAT $5 1849

2001 Atlanta, GA Signature Sale #267

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Auction Ended On: Aug 10, 2001
Item Activity: 6 Internet/mail/phone bidders
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Description:
Uncirculated 1849 Moffat & Co. Five Dollar
1849 $5 Moffat & Co. Five Dollar MS61 NGC. K-4a, R.4. During the early years of the California Gold Rush, Moffat & Co. emerged as one of the important private coiners in the region and eventually evolved into the official United States Mint in San Francisco. Like all territorial gold issues, the coins issued by this firm were heavily circulated with the result that Uncirculated survivors are particularly elusive. This is an extremely attractive specimen with delicate reddish accents which blend nicely with the green-gold alloy. Surface marks are sparingly found and only a subdued luster on the reverse keeps this piece from attaining a higher Mint State rating. The highpoints of the obverse portrait are bluntly struck, as is normal, and both dies appear to have been at least somewhat rusted at the time of striking. A few die breaks are also noted around the letters in FIVE DOL, an indicator of a late die state. Listed on page 288 of the 2001 Guide Book. (PCGS# 10240)

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