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Mettacom Silver Mining Co.of Reese River, Nevada Bond, 1867 (110039)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:45.00 USD Estimated At:90.00 - 200.00 USD
Mettacom Silver Mining Co.of Reese River, Nevada Bond, 1867  (110039)
SOLD
55.00USDto 8*************e+ buyer's premium (13.75)
This item SOLD at 2020 Nov 02 @ 16:23UTC-8 : PST/AKDT
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$500 First Mortgage Bond from the Mettacom Silver Mining Company of Reese River. Certificate #5 issued in 1867. Four bond coupons attached at the bottom. The Mettacom was located on Lander Hill next to the Florida Mine. It was a regularly producing mine from 1866-69. Blake's 1869 report says they produced 26 tons. The mill was not being used by the fall of 1869. Fuller & Lane refurbished the mill to use as a custom mill. All the outside ores from the small mines were going to the Manhattan Co.'s mill, and Fuller thought he could force the Manhattan to keep their prices down if he kept the Mettcom open. It worked. A British company, The Pacific Mining Co., bought the Mettacom and mill in Oct. 1869. They were eventually bought by the Manhattan Co. in 1876.

Date: 1867
Country (if not USA):
State: Nevada
City: Austin
Provenance: