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Dahlonega Consolidated Gold Mining Company Certificate 2

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:50.00 USD Estimated At:100.00 - 300.00 USD
Dahlonega Consolidated Gold Mining Company Certificate 2
SOLD
300.00USD+ (75.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Mar 17 @ 10:53UTC-7 : PDT/MST
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Number 2258 issued to HS Bassett for 1,350 shares in 1905. Signed by president DC Shaw and secretary JP Coates. Gold Seal. Large dog ear at top left. Some folding near the bottom by the folds. Overall nice condition. Gold Seal with a pick axe. The Georgia Gold Rush was on. It was a placer mining party. And the Dahlonega Mine was at the center of the rush! But when the surface gold was all washed away, mining came to a standstill. After an interruption of operations at this mine site, a group of investors purchased about 7,000 acres of land around the discovery sight and formed the Dahlonega Consolidated Gold Mining Co. in 1895. The Consolidated constructed the largest stamp mill east of the Mississippi River (four-stories with 120 stamps). But the mine soon folded in 1906.The mine's lower workings became flooded and lay dormant until seventy-five years later, when the site came under new ownership. Consolidated Gold Mine is still open today for tours and mining! One of the major investors and stockholders in the Consolidated Gold Mining Company was Frederick Pabst - like in Pabst Blue Ribbon Beer. [georgiaencyclopedia.org and wikipedia] Shaw would go on to manage the Water Mining and Power Company in Dahlonega in 1910. These officers are not found in the original 1899 prospectus, and clearly the management of the company had changed by the time this certificate was issued. These certificates may also reflect a new underwriting. These certificates are rare, with only two located by Mr. Adams over his extensive career. These are not found in "Heritage of Lumpkin County, Georgia, 1832 to 19996" Sorohan editor. (Al Adams Gold Rush Memorabilia Collection) Date: 1905 Location: Dahlonega, Georgia HWAC# 56975