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Philadelphia & Arizona Mining Co. Stock Certificate, Wauba Yuma District

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:150.00 USD Estimated At:300.00 - 600.00 USD
Philadelphia & Arizona Mining Co. Stock Certificate, Wauba Yuma District
SOLD
170.00USDto d**********3+ buyer's premium (42.50)
This item SOLD at 2018 Jun 27 @ 12:13UTC-7 : PDT/MST
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Very rare and early. "Wauba Yuma District" printed under title. Incorporated in Pennsylvania. No. 33, issued for 5,000 shares to Joseph J. Lovering on November 15th, 1867. Signed by president T. Morris Perot and treasurer Samuel Townsend. Not cancelled. Black border and print on white paper. Vignette of Pennsylvania state seal (top center). Printed by J. Haehnlan, Philadelphia. 7.5 x 11"Pinholes, folds, otherwise very nice. One 25 cent IR adhesive stamp attached bottom left. The district is not listed by Garbani. The Wauba Yuma district is located on the old road to Prescott, about 60 miles from the Colorado River. The geology of the district is distinctly different from most others in Arizona since it is composed of quartz veins cutting metamorphic rocks. Some of the quartz was gold bearing, sometimes carrying copper and iron. A writer corresponding with J. Ross Browne in 1867 lists numerous prospects including the Pride of the Pines, the Ben Franklin, the El Bonito, and other lodes developed by a New York company. Barnes places the district 20 miles east of Hardyville at the head of the Bill Williams Fork. After initial prospecting in the 1860s, the district disappeared shortly. None of the mines there produced any reasonable or substantial ore. The mines were reportedly quartz in gneiss. {Ref: Holabird Garbani Auction #12] Date: 1867 Location: Mohave County, Arizona HWAC# 63891