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

Spring 2026 Showcase Auction U.S. Coins

Auctioneer

Stack's Bowers

Lot Number

8186

Grade

XF40

Price

6,300

Lot Description

Dusky honey-rose patina with faint traces of underlying mint frost. Struck from a rusted state of the dies and lightly circulated, yet with softness largely confined to the centers, and all major design elements fully appreciable. The texture is somewhat matte-like with only a few wispy marks from handling. 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. This is an appealing EF survivor from the firm's first $5 gold issue.