1850 Moffat & Co. (San Francisco) $5 Gold. PCGS graded AU-50. Struck during the initial free-wheeling days of the California gold rush, with some of the new-found gold that was pouring into the local cities from the mining areas. Moffat and Company was perhaps the most important of the California private coiners, the assay office conducted business in a semi-official character. The successors to this firm, Curtis, Perry and Ward later established the United States Branch mint of San Francisco.
Typical surfaces for the issue, with some moderate circulation marks, but decently struck and seldom found better.
