2060

Baker Silver Mining Company of Colorado Stock Certificate (102505)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:200.00 USD Estimated At:400.00 - 800.00 USD
Baker Silver Mining Company of Colorado Stock Certificate  (102505)
SOLD
200.00USD+ (50.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2019 May 17 @ 09:03UTC-7 : PDT/MST
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Choice. No. 341, issued to Joseph Swartz on March 13th, 1867 in Philadelphia. Signed by president Jas. Pollock and the treasurer. Not cancelled. Purple border and vignettes. Green and purple print. Two mining vignettes: prospector (left) and underground mining scene (top center). Also Colorado state seal imagery at right. Printed by Jas. B. Rodgers, Philadelphia. 25 cent adhesive IR stamp attached on the bottom right. Folds, creases. 7 x 10.5" The Baker mine is located on Kelso Mountain near Georgetown. Development of the silver deposits around Georgetown took some time because of very difficult topographical challenges (steep walled canyons!) and severe weather. Hollister (1867) notes it was half way up Kelso Mountain, with the lode cropping out in seams 30 feet wide. By 1866, the company had started an adit on a "considerable showing of ore. The indications are good for a very large vein of ore - seven feet is expected." (p255). By 1871, the company had run out of money and sought remedies to refinance the operation. Originally, a small mill had been built to test the res at nearby Elizabethtown, which may have been renamed Bakerville. The mine did not produce sufficient ore to feed the mill. For 2 years there was no active company in the district (West Argentine)and the Baker was the first to fire up operations. By early 1871, things were improving. Numerous cuts, tunnels and shafts were run.The company operated 48 days in 1870, processing nearly 550 tons of ore rendering 25 to 90 ounces per ton silver. [Ref: Hollister; prospectuses for the company sold by us in 2015] Ken Prag Collection

Date: 1867
City/County: Clear Creek County, Georgetown
State: Colorado