Coin Specifications

Category: Territorials
Link to this coin

(1849) INGOT MOFFAT & CO. $16.00 MS obverse (1849) INGOT MOFFAT & CO. $16.00 MS reverse
Images courtesy of Heritage Auctions (HA.com)
Expand All    Collapse All

Description & Analysis

K-3, High R.6. Among the earliest and most successful private gold assayers and smelters during the California Gold Rush was Moffat & Company, headed by John Little Moffat of New York State. Moffat had previously worked in the gold fields of North Carolina and Georgia, and he came to California well-prepared to serve the miners who needed to have their gold dust weighed, evaluated, and converted into bars or ingots.

Departing from New York by ship in February 1849, Moffat brought with him three assistants, later partners in his company; along with the tools and machinery needed in order to carry out his smelting and assaying activities.

Arriving in California in June, 1849, Moffat and his three associates wasted no time in getting their new enterprise operational. They placed advertisements in two California newspapers on June 21, announcing their new smelting and assaying operation. These advertisements included endorsements from several prominent firms and individuals, including no less a personage than the Secretary of the United States Treasury, R.J. Walker.

The small rectangular gold ingots that Moffat & Company produced, including the present piece, must have been made shortly after the opening of their business. By late August, the company was engaged in the minting of gold coins, after procuring the services of George Albrecht Ferdinand Kuner, recently arrived from New York, as their chief engraver. Apparently produced in denominations ranging from $9.43 to $264, few of the ingots still exist. Probably only 15 to 20 of the $16.00 ingots survive.

Description and Analysis courtesy of Heritage Auctions (HA.com) and may not be republished without written permission.

GRADE SUMMARY

Loading... Working...

Use the scroll bar at the bottom of this box to view a summary of the NGC Price Guide, NGC Census, Auction Prices Realized and NGC Registry Scores for each grade.

There was no data found for this Coin.

Select Designation

 
NGC PRICE GUIDE
NGC CENSUS
AUCTION PRICES REALIZED
NGC REGISTRY
SCORE
FIND IT ON EBAY

Select Grade

Price Guide

Click on a price to see historical prices, comparison charts and trends.

NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 1
Low Grade: 58
Average Grade: 58
High Grade: 58

The chart showing 58 series.
NGC CENSUS DETAIL Last Updated: 12/10/2019 (1849) INGOT $16.00 MOFFAT & CO. MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base----------1-----------1
-----------------------
-----------------------
-----------------------
Total----------1-----------1
 ----------100 %----------- 

Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
6/4/2014 NGC AU 58   Heritage Auctions 2014 June 4 - 8 US Coins Signature Auction - Long Beach Session(3), 1206/Lot# 5016 $199,750.00


NGC Registry

There are no Registry sets for this coin. If you would like to request a Registry set please email registry@ngccoin.com.

Related Articles

There are no related articles for this coin.

NGC Auction Central Disclaimer