CAC - Despite California's continued private minting of coins, the West Coast still faced persistent monetary issues in 1850. While Congress still opposed establishing a San Francisco mint, a compromise was reached: an Assay Office was established there, with Augustus Humbert appointed Chief Assayer, who quickly contracted Moffat & Co. to produce $50 ingots. This brought relief to locals as they could pay customs and duties. Fun Fact: Humbert was a watchmaker before he became the Chief Assayer. The reverse of this coin is purported to have been designed by him, as it resembles the back of a gold watch case. This piece is graded CAC AU50.
Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited. Contact Us | Advertise Here | Privacy Policy / Terms of Use