1850 Moffat & Co. $5. K-7. Rarity-4. Small Eagle. AU-55 (PCGS).Satin in finish with modest semi-reflective qualities in the reverse, this handsome coin is further adorned with bright olive-gold patina. Sharply struck for a privately issued coin from Gold Rush California, there is much to recommend this lovely Choice AU to the discerning collector. In their day these coins circulated widely and became a staple in commerce. Today they remain fairly scarce. 1850 represented the last year in which Moffat & Co. produced coins of the $5 denomination. After that they were preoccupied with the Treasury Department to work with Augustus Humbert and also to conduct the United States Assay Office of Gold.
