4192

Pennsylvania Gold and Silver Mining Company Stock

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:30.00 USD Estimated At:60.00 - 150.00 USD
Pennsylvania Gold and Silver Mining Company Stock
SOLD
30.00USD+ (7.50) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Dec 08 @ 10:56UTC-8 : PST/AKDT
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Unissued. Dateline Silver Mountain 186-. Seal vignette. Mining & Scientific Press printer. Red Silver Mountain underprint. Cut roughly on left. Otherwise very fine! Located South of Scandinavian Cyn and at the head of Pennsylvania Cyn. This mine had a tunnel about 1,000 feet long, piercing vein at about the 800' level. It boasted ruby silver "in limited quantities"; but cost to reduce was prohibitive" (1873 "Mineral Resources," p. 2-). Mentioned in 1864 as having "struck their ledge"(1864 Jan 2 Mining & Sci Press). The Company moved its headquarters from San Francisco to Silver Mountain, on May 4, 1865, and rented a headquarters building there for about $20 (Richard Ferber article in "True West" magazine, Aug 1997). In 1867, the Pennsylvania’s lower tunnel was in 525 feet with rock “difficult to work”; the company was running two shifts, and making 7 to 11 feet per week. (1867 Apr 7 Mining & Scientific Press). In July, 1867, a delinquency list of shareholders was published, by John A. Johnson as Secretary and saying the company had its offices "in the W[ells] F[argo] building, Silver Mountain" (1867 July 6 Alpine Miner). John A Johnson was a big-wig in the area. He was the county recorder and an officer in many of the local mines. By January, 1868, work was going on "night and day" and the tunnel was in 589 feet "in the hardest kind of rock" and the paper was predicting "another hundred feet in the tunnel will probably strike the ledge" (1868 Jan 4 Chron). [Thank you to Karen Dustman, local historian and author of the book "Silver Mountain City" (Clairitage Press) for background information on the mine and signatures.] Prag Collection
State: California City: Silver Mountain Date: 186- HWAC# 80326