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Gold Pan Mining Company Stock Certificate

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:50.00 USD Estimated At:100.00 - 300.00 USD
Gold Pan Mining Company Stock Certificate
SOLD
55.00USDto S****2+ (13.75) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Mar 17 @ 08:16UTC-7 : PDT/MST
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Number 133 for 5,000 shares issued to Mrs. Emily Charles. Signed by assistant treasurer Chester Hoag and president George West. Incorporated in New Jersey. Great name. Wonderful hydraulic mining vignette. Two vertical folds. No edge issues, pinholes, dog ears, discoloration, rips or tears. Back has two $1 New Jersey revenue stamps. They have been cut short when the stock was removed from the book. 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." (Al Adams Gold Rush Memorabilia Collection) Date: 1901 Location: Breckenridge, Colorado HWAC# 57309