Territorial Gold
1853 $20 Moffat & Co. Twenty Dollar AU53 PCGS. K-19, High R.5. Despite the abundant wealth of gold discovered in California from 1849 through the mid-1850s, there were few mechanisms on the West Coast for converting that gold into usable, standardized coinage. Several well-known firms stepped in to fill the void during that time, but not all were good repute. The firm of Curtis, Perry, and Ward, which took over from Moffat & Co. but continued to use that same name, operated as the United States Assay Office and was one of the few respected coiners and assayers of in Gold Rush-era California. These twenty dollar gold pieces are highly desirable as tangible vestiges of that storied period in American history, but probably few than 100 pieces survive. This lovely AU53 example is partly lustrous with reddish-gold patina that is especially rich on the reverse. Each side is strongly struck with myriad marks from circulation in Western trade. Population: 7 in 53, 16 finer (6/17).
HID02901242017