2365

Pennsylvania Mining Company Stock Certificate (102234)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:75.00 USD Estimated At:150.00 - 300.00 USD
Pennsylvania Mining Company Stock Certificate  (102234)
SOLD
80.00USD+ (20.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2019 May 17 @ 13:16UTC-7 : PDT/MST
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Inc. in Michigan. No. 450, issued in 40 shares to Hansell on Feb. 17th, 1864. Signed by president Joseph Henzey and secretary S. Day. Pen cancelled. Black border and print, allegorical vignette. One 25 cent adhesive stamp at bottom left. 7 x 10.5" Stub attached. Damage mostly to stub. Folds. An underground copper mine consisting of three shafts located near Delaware. The Pennsylvania Mining Company was organized in 1861 after splitting off from the Northwest Mining Company. The company began work on the Pennsylvania Fissure which consisted of three separate veins crossing their property. Shafts were sunk on each vein after rich copper deposits were discovered. The mine had a relatively short life, partly because company management spent their entire capital on surface improvements instead of mining, and the mine closed in 1866. [Ref:mindat.org] Houghton Estate Collection

Date: 1864
City/County: Keweenaw County
State: Michigan