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Jo Lane G&S MC Stock - Austin's, Dave Buell superintendent [144169]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:150.00 USD Estimated At:300.00 - 500.00 USD
Jo Lane G&S MC Stock - Austin's, Dave Buell superintendent [144169]
SOLD
150.00USDto f*****E+ buyer's premium (37.50)
This item SOLD at 2022 Aug 26 @ 11:43UTC-7 : PDT/MST
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We have not seen this certificate before. # 8 for 5 shares to HW Bradley. Signed by RW Heath and secretary (?). Dateline San Francisco 1863. Incorporated July 9, 1863. Located in Reese River district. 25c Insurance revenue stamp. Not cancelled. Staining on back shows through Wrinkles. Overall nice. Mountain mining vignette and semi-nude allegorical woman vignette. Britton & Co. printer. This stock certificate is one of the Front Street consortium. Instead of investing in stock, they invested in mining companies and sold stock. This group of San Franciscans hired Benjamin Silliman Jr to promote their companies. The report neatly ties together and describes the 30 mines. However an assay of over $5000 a ton should have given an investor pause. Ore could be worked for $40 to $50 a ton. The big Comstock companies were working at $100 a ton. Benjamin Silliman, Jr. was essentially a hired gun. [The Bradley Find: Scripophily of a Nevada Mining Venture by Mahler] Dave Buell helped name the city of Austin, was closely involved with the Sanitary Sack of Flour, came a few votes shy of being Nevada's first Governor, etc.

Date: 1863
Country (if not USA):
State: Nevada
City: Austin, Lander
Provenance: Joe Elcano Nevada Mining Stock Collection