1849 Moffat & Co. $5. K-4a. Rarity-4. AU-53 (NGC).Evenly patinated honey-gold surfaces with the obverse suitably bold for the type and the reverse expectably sharper throughout. 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 the serve as the United States Assay Office in the years prior to the opening of the San Francisco Mint. This is an appealing AU of the firms first $5 gold issue.From the Blue Ridge Mountains Portfolio.