Whitman Expo
(1849) Moffat & Co. $9.43 Gold Ingot MS Ingot, 21 7/16 Carat, K-1 Values
Details
The Kagin-1 Moffat & Company ingot is the smaller of two known assay ingots from the California firm. Eckfeldt & Dubois New Varieties of Gold and Silver Coins reported that these bars were seen ranging in value “from about $9 to $260” and complained that “some were found to be rated too high, and others too low.” These are the earliest issues of Moffat & Company and are classified as assay ingots because they include the weight, fineness, and value of the bar, as opposed to the later $16 ingots, which merely reported their alleged fineness and value. Tests conducted in 2023 indicate that the fineness of the Kagin-2 ingot is 1.1% above its stated fineness, with an actual melt value of the of $9.57 in 1849 dollars (not including the native silver).
Obverse: MOFFAT & CO. 21 7/16 CARAT $9..43
Reverse: 10 DWT. 6 GRS.
Basic Information
GSID:
375855
Coin Date:
(1849)
Denomination:
G$9.43 / $9.43 Gold Ingot
Designation:
MS
Mint & Coinage Details
Mint Location:
San Francisco
Mintage:
unique
Coinage Type:
Private & Pioneer Gold
Coinage Years:
1849-1850
Composition:
Gold
Varieties and Classification
Variety:
Moffat & Co.
Variety 2:
Ingot, 21 7/16 Carat, K-1
Rarity:
R-Unique
Physical Characteristics
Strike Type:
Business
Coin Shape:
Rectangular
