The Collectors' Auction 2007
< Previous
Lot
907
Next >
| Choose Category: |
|
|
|
|
|
|
|
Please Note: A 15% Buyers' Premium is added to the hammer price of all lots in this sale.
|
(About The Images)
|
|
Lot Title:
|
1849 MOFFAT. PCGS AU-53.
|
|
Description:
|
Moffat & Co. was one of the early private mints to issue gold coin on par with Federal specifications, maintaining a level of respectability that was shrugged off by later competitors, who themselves were put out of business when shady standards were exposed by investigators. So confident were they in the correct fineness and content of their gold that they guaranteed to redeem their product in silver coin.
A liberal supply of chartreuse-yellow mint luster exudes from either side of the present piece, confirming the AU-53 grade certified by PCGS. Close examination of the surfaces is an education in itself as the die rust and rather amateurish quality of the engraving contrasts sharply with the professional and superb quality of Federally minted coins and teach much about the caliber of talent required to produce world-class dies for striking coins. Note the crude structure of the lettering, the pebbly surfaces quality, and the numerous die cracks and other erosion problems prevalent across both sides. The Moffat dies were probably engraved on metal of a quality well-below that of the United State Mint, resulting in dies that deteriorated rapidly. A fascinating piece for study, and a fantastic coin for the collector of privately issued gold coins.
|
|
Low Estimate:
|
$6,250.00 |
|
High Estimate:
|
$7,000.00 |
|
Lot Status:
|
Bidding has been closed for this lot. |
|
Hammered Price: |
$6,000.00
|
|
Price Realized:
|
- |
|
Price history for items of the same classification:
| Lot # | Auction | Current Bid or Hammer Price | Description |
| 1022 | The Collectors' Auction 2013 on 10/18/2013 | $4,800.00 |
|
1849 Moffat (Kagin-4a, R.4). NGC AU-50.
|
|
The level of detail for a Moffat five will never approach the familiar sharpness of a Federal issue, but the reverse of this particular example certainly exhibits the kind of luster that one expects... |
|
| 845 | The Midwest Winter Sale 2009 on 02/13/2009 | $3,400.00 |
|
1849 MOFFAT. NGC AU-50.
|
|
Fairly crisp design elements imply that this was most likely the recipient of a decent impression at the time of issue. Weakness seen in the curls around Liberty's ear (that is to say, Moffat's... |
|
|