Coin Profiles – The 1850 $5 Moffat Gold Coin – A Curious Liberty
By: Blanchard & Co.
Moffat Gold Coin – Imagine this for a moment: private issuance of currency isn’t frowned upon. In fact, it’s legal. There is an abundance of currencies: shinplasters, red dogs, smooth monkeys, stump tails, George Smith’s money, and Anti-Bank notes, as well as Spanish, French, and Brazilian coins.
As hard as it may be to imagine now, Americans used to use tens of thousands of types of money.
It was a veritable “Wild West” of currencies, and today we bring you the tale of a coin from the thick of it: the 1850 $5 Moffat Gold Coin.