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1850 Moffat NGC F12 $5 Half Eagle

DATE: 1850

MINT: Moffat

SERVICE: NGC

GRADE: F12

DENOMINATION: $5

SERIAL: 3234797-001

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This 1850 Moffat and Company $5 Liberty Head has been graded F12 by NGC.  This is a very hard coin to find in affordable low grades like this one.

CU Price Guide: $4,200
NGC Pop: 1 / 85
Mintage = NA

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Description

1850 Moffat NGC F12 $5

As the latter of the two $5 coin issues minted by John Moffat, our F12 example is one of the finer coins circulated in early California. In 1850, due to his shining reputation as a metallurgist and Assayer, Moffat’s coins were the only coins along with those from the US Assay office, that circulated at face value. All other private coins at the time were going at %8 discounts. The importance of Moffat’s lower denomination coins was significant to early gold coinage. This coin is a great piece of US history and is certainly a pleasure to study.  On this 1850 Moffat $5 there is a small depression between 8 and 9 o’clock on the obverse, this coin is surprisingly lacking in the scratches, stains, and hairlines that usually accompany a coin of this grade.

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