(1849) Moffat & Co.: San Francisco Values

The Greysheet Catalog (GSID) of the Moffat & Co.: San Francisco (1849–1850) series of Private & Pioneer Gold in the U.S. Coins contains 3 distinct entries with CPG® values between $360,000.00 and $518,500.00.

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.