2057

Open Cut Fluming Company Stock Certificate (107031)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:400.00 USD Estimated At:800.00 - 2,000.00 USD
Open Cut Fluming Company Stock Certificate  (107031)
SOLD
300.00USDto C*****r+ (75.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Feb 15 @ 08:52UTC-8 : PST
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Ultra-rare Volcano stock! No. 58, issued for one share. Dateline Volcano, October 30th, 1857. Signed by president S. Hale and secretary H.R. Elwell. Not cancelled. Brown print on blue paper. 4 x 7.25" A few small tears, toning. A May 16th, 1859 Sacramento Daily Union article reports that: "The Open Cut Fluming Company completed, on Friday, the excavation of the canon into the Volcano Flat, and turned the water into it Saturday morning. The miners are already opening their claims near the head of the cut." No other references found. Not in Filer or other Holabird indexes. Volcano, located in Amador County, is named for its setting in a bowl-shaped valley which early miners thought was caused by a volcano. The area was worked by men who mined Soldiers Gulch in 1849. In 1851 a post office was established and by April 1852 there were 300 houses. Hydraulic mining operations, begun in 1855, brought thousands of fortune seekers.

Provenance: Ken Prag Collection
Country (if not USA):
State: California
City/County: Volcano, Amador County
Date: 1857