1849 $5 Moffat & Co. MS(PCGS#10240)

Spring 2022 U.S. Coins Auction

Auctioneer

Stack's Bowers

Lot Number

5002

Grade

VG8

Price

7,800

Lot Description

The Unique Territorial Gold Piece from the Fairmont Collection 1849 Moffat & Co. $5. K-4. Rarity-5. VG-8 (PCGS). CAC. Original olive-khaki surfaces are remarkably attractive for a California Gold Rush era $5 that saw this extensive circulation. All major design elements are boldly outlined and allow full appreciation of this classic design. Moffat & Co. was arguably the most important private minting establishment in Gold Rush California, so much so that the firm eventually received the federal contract to serve as the United States Assay Office in the years prior to the opening of the San Francisco Mint. Survivors from the firm's first $5 gold issue of 1849 are particularly popular with collectors. Provenance: From the Fairmont Collection-Hendricks Set. PCGS# 10240. Click here for certification details from PCGS.