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Likely the Earliest Known American Gold Certificate: North Carolina Gold-Mine

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:1,000.00 USD Estimated At:2,000.00 - 3,000.00 USD
Likely the Earliest Known American Gold Certificate: North Carolina Gold-Mine
SOLD
1,900.00USDto T*****e+ buyer's premium (475.00)
This item SOLD at 2018 Mar 17 @ 16:54UTC-7 : PDT/MST
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This is the very earliest beginning of the commercialization of gold in America. "Be it known that Daniel Carroll of Duddington Esquire" has purchased 161 shares on November 5, 1807. Signed by president J Weeny(?). This is the Reed Gold Mine - the mine that started the first gold rush in America. Around 1805, only a few years after Conrad Reed's discovery, newspapers began reporting on gold-mining activities and people coming into the area to search for gold. William Thornton, of Baltimore, Maryland, designer of the United States Capitol, was one of these seekers. After learning of the gold, he purchased thirty-five thousand acres of land in Montgomery (now Stanly) County and formed the North Carolina Gold Mine Company. By 1806, investors in this company included a former governor of Maryland and the treasurer of the United States.



Daniel Carroll of Duddington (1764-1849) was the son of Charles Carroll of Duddington (1729-1773) (not to be confused with his cousin, Charles Carroll of Carrollton, (1737-1832) signer of the Declaration of Independence). Charles Carroll of Duddington had inherited a large tract of land from his father Daniel Carroll. He was one of those who owned a fair piece of the Federal City in 1790, in fact, he owned all of the land on which the Capitol now sits. Carroll of Duddington never made the money from this stroke of fortune that he had hoped. It all began when he built a new home for himself in 1791 – unfortunately, right where Pierre L’Enfant had planned for New Jersey Avenue SE was to run. Major L’Enfant had the house torn down in the middle of the night. Carroll, who was not a part of a prominent family for nothing, complained to President Washington, as well as to the Commissioners of DC. As one of these was Daniel Carroll of Rock Creek, his father’s second cousin, it is unsurprising that his complaint fell on fertile ground, and in short order, L’Enfant had been fired, and the commissioners had paid Daniel Carroll $4,000 for his pains. Thus in 1793, Daniel Carroll was ready to begin again. This time, he built entirely within square 736. The four acres of ground were enclosed by a brick wall, and within were – along with the grand mansion – a number of smaller buildings, including servants quarters. Daniel Carroll retreated into his house, and spent much of the later years of his life a recluse there. His unmarried daughters continued to live there after his death in 1849, but in 1886, they sold out the lands to a developer, the mansion was razed, and replaced with simple worker’s rowhouses. All that remains to remind us of this once-grand mansion is the short street Duddington Place, which runs from 1st to 2nd Streets SE between E and F. [https://thehillishome.com by Robert Pohl]



One small hole in upper right. Fancy cut where removed from book. Paper has been glued to bottom - does not affect the certificate. Uncancelled. (Al Adams Gold Rush Memorabilia Collection) Date: 1807 Location: North Carolina HWAC# 57301