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Argonaut Mill & Mining Company Stock Certificate, 1880

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:100.00 USD Estimated At:200.00 - 300.00 USD
Argonaut Mill & Mining Company Stock Certificate, 1880
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Location: Georgetown, El Dorado County. Stock Certificate No. 88 for 500 shares made out to John Sproston, Trustee dated, January 7th, 1880. The Company was capitalized at $2,000,000; 20,000 shares at $100 each and incorporated in San Francisco on June 18th, 1879. Signatures include J.S. Fields, Secretary and W. B. Davenport, President. Vignette of a the mythical ship Argo which legend had it that Jason sailed with his Argonauts in search of the famous Golden Fleece, owned by the King of Colchis. Black border on light pink paper. Printer - Britton & Rey, S. F. This mine was active through about 1888. The property had a 10-stamp mill with which they could make a reasonable amount of production to pay the costs of mining and overhead. In 1888, their ore ran out and the mill burned, idling the company. Written up in the 10th Report of the State Mineralogist, CSMB. Much detail in the "Argonaut" vignette in the upper left corner of the certificate. Artists working for Britton & Rey of San Francisco produced some of the finest engravings of the period. Extremely fine. Date: Location: Georgetown, California HWAC# 572004