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Papago Chief Consolidated Mining Co. Stock Certificate

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:100.00 USD Estimated At:200.00 - 400.00 USD
Papago Chief Consolidated Mining Co. Stock Certificate
SOLD
170.00USDto b*****s+ buyer's premium (42.50)
This item SOLD at 2018 Jun 23 @ 12:29UTC-7 : PDT/MST
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Very rare. Baboquivari Mining District, Pima County. Inc. in Iowa. No. 1085, issued for 500 shares to W.F. Witherell on Sept. 20th, 1880. Signed by president W.W. Merritt and secretary R.M. Roberts. Not cancelled. Very attractive design with silver-foil background, RN facsimile, and three vignettes: underground mining scenes (at right and left) and a Native American warrior (top center). Printed by Western Bank Note Engraving Co., Chicago. Folds, two creases in upper right corner. Very nice condition. 8.25 x 11.25" Hamilton (1884, pg. 231) reports the property is some three miles north of the Quijotoas and has produced ore worth $1,000 per ton. The ledge is large and the ore free milling. The property is being fully developed. Balch (1882, pg. 1126) says the property consists of 3 claims totaling 50 acres. The ore is an argentiferous (silver-bearing) galena. Assays were $96 to $124 per ton. The length of the main lode is 500 feet with an average vein width of two feet. Date: 1880 Location: Pima County, Arizona HWAC# 62851