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Burns Ranche Union Mining Company - One of the Earliest Known California Issued Mining Stocks (108

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:750.00 USD Estimated At:1,500.00 - 2,500.00 USD
Burns Ranche Union Mining Company - One of the Earliest Known California Issued Mining Stocks   (108
SOLD
750.00USDto 5*****r+ (187.50) buyer's premium. + applicable fees & taxes.
This item SOLD at 2019 Jul 13 @ 09:01UTC-7 : PDT/MST
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Burns' Ranche Union Mining Company. Location: Mariposa County. Dateline San Francisco, April 2, 1851. No. 473. Issued to E.W. Kimball for one share in the ranch and mines belonging to the company. Signed by Wm. Gorham (president) and K. Root (secretary). Red font and border, no vignette. Gold was discovered in Burns Ranch in 1849. The Burns brothers settled in the area in 1847 from New England. Placer mining was tried at first before quartz mining. This company started operations in late 1850 or early 1851. The other earliest California mining stock is from the Rocky Bar Mining Co. which inc. in 1850. So this may be the earliest, or at the very least, the second earliest. Wonderful!!! 6.75" x 3.5" [Ref: Gudde, pg. 53, 1975]

Date: 1851
State/Country: California
City/County: Burns Ranche