1850 $5 Moffat & Co. Five Dollar MS63 PCGS. K-7a, R.4....

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1850 Moffat & Co. Five Dollar, MS63
Rare K-7a Variety, Crumbling Reverse Die

1850 $5 Moffat & Co. Five Dollar MS63 PCGS. K-7a, R.4. Small Eagle. Kagin-7a is much rarer than the published rarity rating of R.4 suggests. In a June 2007 Numismatic News article on "ID'ing 1850 Moffat $5 die varieties," Heritage cataloger and numismatist Brian Koller wrote:

"Kagin 7a, as designated by Don Kagin in his reference Private Gold Coins and Patterns of the United States, is the only variety for the year that re-uses a reverse die that struck 1849 Moffat $5 pieces. All examples of Kagin 7a have a die break from the base of the 'E' in FIVE to the rim, since this break was inherited from its service as 1849 Kagin 4a. ... Presumably, the reverse die was replaced as quickly as practical, since Kagin 7a is extremely rare. ... Until more pieces emerge, a rating of Rarity 7 (four to 12 known) is appropriate."

This example is within the Condition Census of 1850 Moffat fives overall, regardless of variety. Boldly struck design elements complement satiny butter-gold luster, and eye appeal is outstanding for the issue. The die crumbling noted by Koller is visible in the lower reverse margin. A small mark on Liberty's cheek in front of the ear serves as a pedigree marker. Listed on page 396 of the 2022 Guide Book. Population: 5 in 63, 1 finer (11/21).

Coin Index Numbers: (NGC ID# ANJ6, PCGS# 10243, Greysheet# 11809)

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