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Oneida Gold & Silver Mine Stock, Lion Mt., 1867 [193631]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:120.00 USD Estimated At:300.00 - 400.00 USD
Oneida Gold & Silver Mine Stock, Lion Mt., 1867 [193631]
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A stock certificate for 43 shares in the Oneida Montana Gold & Silver Mining Company, issued in 1867 to Benjamin D. Gilbert. No. 91 issued. Uncancelled. Signed by president and secretary of the company. 25¢ IR stamp at top, embossed company seal at bottom left, great vignette of miners at work in a scenic mountain landscape.
The Oneida mine was one of several mines on Lion Mountain in Montana. These mines were highly developed, with the lowest workings reaching a depth of 1500 feet and an output of over $1m worth of ore. Oneida -- along with Alta, another Lion Mountain mine -- was owned by the Hecla Company, which processed the ore from these mines in the nearby mining town (now ghost town) of Glendale. (Burchard, 1884.)
The 1860s were an interesting chapter in Montana mining history. Henry Comstock, who would later go on to discover the Comstock Lode, was living in Butte at the time. J. Ross Browne, in his 1868 book 'Resources of the Pacific Slope', claimed that "Montana is the most difficult mining region in the United States in which to estimate the yield of the mines" -- an issue not helped by the fact that many mill companies "[did] not wish their results made public, as it might affect the price of their stock." This certificate is an excellent artifact of this period, and a must-have for any enthusiast of Montana mining history.
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Country(if not USA):
State: Montana
City: Glendale
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