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Death Valley Consolidated Mining Company Stock Certificate

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:50.00 USD Estimated At:100.00 - 200.00 USD
Death Valley Consolidated Mining Company Stock Certificate
SOLD
50.00USD+ (10.50) buyer's premium + applicable fees & taxes.
This item SOLD at 2017 Oct 19 @ 14:26UTC-7 : PDT/MST
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Unissued but cancelled. #24 Signed by president, W.H. Seaman and Clay Tailman as secretary. Elk vignette. 8.25" x 10.5". John Partridge printer.

History from nps.gov: "In the fall of [1905], W. H. Seaman and Curtis Durnford staked out nine lead and copper claims in the canyon, and came into Rhyolite with ore samples that assayed as high as $40 to the ton. The prospectors were soon bought out by a consortium headed by Clay Tallman, a local attorney and promoter, and the Death Valley Consolidated Mining Company was incorporated. The company immediately began a development and promotional campaign, and shares of its stock were sold for 2-1/2¢ each.

As usual, the news of the strike stimulated other prospectors and companies to get in on the potential bonanza, and claims were filed for miles around the Death Valley Consolidated property. The Bullfrog Apex Mining & Milling Company, for example, which we have already seen trying to exploit ground near the Original Bullfrog, purchased a group of four claims next to the Death Valley Consolidated. The former company, in the meantime, went to work, and as initial prospects looked encouraging, the price of the stock rose to on the local exchanges.

By May of 1906, the Death Valley Consolidated had progressed far enough to start, taking out its better ore for shipment to the smelters. The company soon realized,, however, that the long and arduous trip between its mine and Rhyolite and the high freight rates prevalent between Rhyolite and the far-off smelters, made the shipment of its ore absolutely unprofitable. As a result, the company ceased operations, and after a brief six-month long life span, the Death Valley Consolidated Mining company disappeared." City: Rhyolite State: Nevada Date: c. 1900's HWAC# 52251