2020

Gold Pan MC (104788)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:50.00 USD Estimated At:100.00 - 400.00 USD
Gold Pan MC  (104788)
SOLD
50.00USDto 8***1+ buyer's premium (11.00)
This item SOLD at 2019 May 17 @ 10:18UTC-7 : PDT/MST
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Stock Certificate from the Gold Pan MC. Incorporated in New Jersey. Certificate number 576 issued in 1901 to Rollin D. Salisbury. Signed by president Geo C. West, and Chester R. Hoag. Printed by American Bank Note Company, New York. Size 11 by 7 inches. Nice condition with bright colors. Great name. Wonderful hydraulic mining vignette. The United States Investor on March 28, 1903 had this to say about the company, "The property owned by this company was acquired during the summer of 1899 and grouped by Mr. West. It consists of about 1,700 acres of placer ground In the Breckenridge district of Blue River valley, Summit county, Colo. on the Maggie and South Side placers containing 170 acres. A great deal of test work was dime by means of holes at each corner of each 200 foot square and these tests are said to have shown that the values average about 60 cents per cubic yard the cost of operating being less than 10 cents. The company obtains its water supply from Blue river besides owning several natural lakes which are to be converted into reservoirs. About the middle of May 1902 operations were begun with two hydraulic elevators sinking to bedrock a distance of about 75 feet. During the present year It Is proposed to install two more hydraulic elevators and one mechanical bucket lift giving an average capacity of fully 6,000 cubic yards every 24 hours. As regards the proposition Itself we would say that our correspondent reports favorably upon It as a legitimate placer mining proposition under good management." Also see book written on it at Amazon.com called "Gold Pan Mining Company and Shops" by Nicholls.

Date: 1901
City/County: Breckinridge
State: Colorado