The Kagin-1 Moffat & Company ingot is the smaller of two known assay ingots from the California firm. Eckfeldt & Dubois New Varieties of Gold and Silver Coins reported that these bars were seen ranging in value from about $9 to $260 and complained that some were found to be rated too high, and others too low. These are the earliest issues of Moffat & Company and are classified as assay ingots because they include the weight, fineness, and value of the bar, as opposed to the later $16 ingots, which merely reported their alleged fineness and value. Tests conducted in 2023 indicate that the fineness of the Kagin-2 ingot is 1.1% above its stated fineness, with an actual melt value of the of $9.57 in 1849 dollars (not including the native silver).
| Country | United States of America |
| Year | 1849 |
| Serie | Moffat & Co. |
| Denomination | G$9.43 |
| Mint | San Francisco |