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Miners' Smelting and Reduction Company Stock [161381]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:100.00 USD Estimated At:200.00 - 300.00 USD
Miners' Smelting and Reduction Company Stock [161381]
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Inc. in Colorado. Early #49, issued to James E. Martyn, the company treasurer, for 600 shares on Sept. 7, 1881. Signed by Martyn as treasurer and C.M. Winch as president. Not cancelled. Underground mining vignette. Printed by ABN. Folds, pinholes in corners, otherwise very fine. The company, organized by investors in Denver, purchased and renovated a smelting works in Golden, Colorado. By hiring employees of a rival smelting firm in Argo, the company was able to use the Pearce process. They were in operation by summer 1881, producing matte and extracting silver using the Ziervogel method. The copper-gold residue was then melted into a high-grade matte. The company remained in operation for two more years and setup sampling agencies in Black Hawk, Idaho Springs, and Georgetown. However, due to its out-of-the-way location, it failed and was purchased by competitors at Argo, who leveled the plant. [Ref: Ores to Metals, James Fell]

Date: 1881
Country (if not USA):
State: Colorado
City: Golden
Provenance: