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Big Smoky Silver Mining Company - early 1860's Reese River stock certificate [119404]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:75.00 USD Estimated At:150.00 - 300.00 USD
Big Smoky Silver Mining Company - early 1860's Reese River stock certificate  [119404]
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120.00USDto a************f+ buyer's premium (26.40)
This item SOLD at 2021 Oct 31 @ 10:48UTC-7 : PDT/MST
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# 348 for 5 shares to Ellen M. Gibbs. Signed by president Chamberlain and secretary W Dudley (he was the man ruined, see below). Issued April 4, 1867. 25-cent Power of Att'y revenue stamp. Allegorical lady and eagle vignette. Vertical and horizontal folds, small hole in center of stock where folds meet, some upper and lower edge, rip at left horizontal fold. On July 26, 1866, they applied for a land patent for the Big Smoky Lode. They owned 6 1/2 acres. An article on April 30, 1868, tells the grim story of this mine. This was a speculative venture that injures the reputation of the Reese River mines in the Eastern states. The mine was 12 miles southeast of Austin with a very large, very low grade of ore. It will likely never be worked for a profit. There has been a large outlay on the mine, but in reality, it has not even been prospected yet. But the promise was there and for along time a share went for $40 to $45 on Wall Street. The ore they did show the public actually was purchased from other mines! By 1873 the mine had "petered out", was "worthless" and "ruined." [Christian Leader, New York, November 29, 1873]

Date: 1867
Country (if not USA):
State: Nevada
City: Reese River
Provenance: