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Deer Creek Mining Company Stock Certificate [200455]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:75.00 USD Estimated At:150.00 - 200.00 USD
Deer Creek Mining Company Stock Certificate [200455]
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Location, Nevada District, Nevada Co., Cal. (printed at top center). Deer Creek was where George Hearst owned the rich LeCompton Mine, which he had located in 1857. He sold this mine to raise money to buy into the Ophir claim on the Comstock Lode. This one-sixth share purchase was the start of his long career as a titan in the mining industry. # 63 for 50 shares to BC Waite. Signed by AW Robinson and vice president George K Phillips. Dateline 1877 San Francisco. Incorporated October 5, 1877. Deer vignette. Bacon & Co. printer. Not cancelled. No edge, corner or discoloration issues. Excellent! Original directors were Augustus Robinson, Phillips, George Cranston, Waite, and Hagadorn. In 1881 it was reported they were doing nominal work. This was a placer mining operation that dates back to the early Gold Rush days. "... in early 1850, the discovery of rich gold-bearing gravels led to the establishment of many mining companies, both big and small, hoping to prosper from the glimmering resource. Much of the activity centered on Deer Creek. Hydraulic mines sprang to life and the hills were pockmarked with "coyote holes" - small, crude mines burrowed into the slopes with the dirt and gravel deposited in heaps at the entrances. So common were these mines that Nevada City was jokingly referred to as "Coyoteville" in its formative years. Hope sprang eternal in the hills of Nevada County. But it was the 1850 discovery of rich gold veins in quartz outcroppings that elevated the dreams to fever pitch."[The Union, "Quartz Fever" by Noy]
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Date: 1877
Country (if not USA):
State: California
City: Nevada County
Provenance: Douglas McDonald Collection