||1850 $5 Moffat & Co. Five Dollar MS61 NGC. "K-7c," R.4. These rare Moffat & Company half eagles closely followed the designs of their federal contemporaries. The most obvious difference was the MOFFAT & CO logo inscribed into Miss Liberty's crown, rather than the federal design's LIBERTY in the same position. The present coin is a conditionally rare Mint State piece showing fulsome mint luster and pleasing yellow-green coloration. This scarcer variant of Kagin 7 shows three thick wreath leaves located directly beneath the M in S.M.V. on the reverse. This is an extremely rare example that lacks the prominent die crack at 5 o'clock on the reverse rim, which is a nearly universal diagnostic feature of the K-7c. Likely, this was the final die marriage of the 1850 Moffat & Company half eagles produced, as it shows the obverse die rust characteristic of Kagin-7, but uses a different punch for the reverse eagle motif which is larger and cruder than that employed for K-7. Census: 5 in 61, 12 finer (8/14). Ex: Eric P. Newman Numismatic Education Society.
Realized $15275.00. Description courtesy of Heritage Auctions.