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Agua Fria Gold Mining Company Stock Certificate, 1853, California Gold Rush

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:200.00 USD Estimated At:400.00 - 800.00 USD
Agua Fria Gold Mining Company Stock Certificate, 1853, California Gold Rush
SOLD
200.00USDto f*******7+ buyer's premium (50.00)
This item SOLD at 2018 Mar 16 @ 16:55UTC-7 : PDT/MST
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Extra rare. Certificate for ten shares issued by this English company. Reverse has signature and date of 4/28/53 (1853). Signed by Wm. Clifford and a second director. Also signed by the company secretary. Printed on vellum. Folds and foxing. 5.75 x 8.75" J. & F. Biden, Printers,37, Cheapside. The company worked the Agua Fria mine at Mariposa beginning in 1851 whose richness had been confirmed by assays by the Philadelphia Mint. It was located within a lease granted by Fremont to San Francisco bankers Palmer, Cook, & Co. over part of his Mariposa Estate. Palmer, Cook & Co.'s lease was for 7 years and 33,000 shares. Fremont was to receive a 1/6 royalty on gold produced. The property continued to show promising results and Fremont visited the mine. He was impressed enough to offer Palmer, Cook, & Co. "the entire uppe range of the Mariposa property in exchange for the Agua Fria Mine." The company battled reports in newspapers that the value of the mine had been faked, as well as further land transactions involving Cook, and the Mariposa Estate. By Feb 1854, Captain Richard Williams had worked the property and raised 300 tons of rich quartz. However, water availability caused work to halt in April. The company also owned a processing plant at Gold Hill, Grass Valley. The company dissolved in 1856 and became the Quartz Reduction Company. [Ref: Money Pits, John Woodland] (Al Adams Gold Rush Memorabilia Collection) Date: Location: Mariposa, California HWAC# 58564