Lot 4239
1849 Moffat & Co. (San Francisco) $5 Gold. PCGS graded VF-25. A clean coin, just honest wear. We do note 2 scratches on the cheek. Original dusky orange surfaces display rich toning around the devices, with the overall appearance greatly bolstered by all legends and devices being clearly presented. Even the somewhat worn MOFFAT & CO on the headband is completely visible. Regarding this date, it is one of the most widely collected Territorial issues from the first year of the California Gold Rush. Gold was discovered late in 1848, but the full force of the discovery, and the mass of immigrants, did not show up until 1849.
For the coin collector looking for a good place to learn about the famous Days of '49 and California Gold Rush, we direct your attention to a valuable web site http://malakoff.com/goldcountry/history.htm whose myriad links and colorful stories will put this handsome Moffat piece in its proper setting. We visit the website regularly for updates and new pieces of information (PCGS # 10240) .
Estimated Value $1,700 - 1,900.
The Victor Kramer Collection.
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| Realized $2,185 |
