Lot 2868
1850 Moffat & Co. (San Francisco) $5 Gold. PCGS graded AU-53. Struck in a pale yellow-gold, with a bit of the characteristic greenish tint on both sides, plus some coppery toning as well. A very nice, clean coin that still retains some of the original mint luster. Moffat & Co. were prolific issuers of gold coins in the 1849-1850 period, eventually becoming sub-contractors to the United States Assay Office of Gold. Their coins were among the highest purity, hence the most widely accepted, of any Pioneer gold coins. That any of these coins survived until today is a near-miracle, since most of them were destroyed and converted into Federal gold coinage once the San Francisco Mint opened in 1854. Thankfully, collectors, shipwrecks, and forgetful owners saved a few for the collectors of today! (PCGS # 10243) .
Estimated Value $4,000 - 4,500.
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| Realized $5,463 |
