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Random Gold & Silver Mining Co. Stock Certificate, Palmyra District, Nevada Territory, 1863

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:200.00 USD Estimated At:400.00 - 800.00 USD
Random Gold & Silver Mining Co. Stock Certificate, Palmyra District,  Nevada Territory, 1863
SOLD
425.00USDto d**********3+ (106.25) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Mar 23 @ 14:03UTC-7 : PDT/MST
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Incredibly rare. Listed on Mahler's census of Nevada territorial issued stocks. Location printed on stock certificate: Palmyra Mining District, Lyon County, Nevada Territory. Inc. July 31, 1863. No. 222, issued for 10 shares to P.H. Emerson on Sept. 9th, 1863 in Dayton. Signed by president E. Knapp and secretary G.C. McGaddon. Not cancelled. Gorgeous locomotive vignette at top center and Native American warrior on horse at left. Printed on yellow paper by Towne & Bacon, Printers, SF. 25 cent adhesive revenue stamp attached at bottom left. Horizontal and vertical folds. Very fine. 5.25 x 10" Not in Filer or other Holabird indexes. Not in Collins directory. The Palmyra Mining District, which included the towns of Palmyra and Como, was organized in 1862 in the Pine Nut Mountains 8 miles southeast of Dayton between the Sullivan (to the southwest) and Indian Springs (to the northeast) districts. Both districts were combined in 1869. J.D. Winters, of Yellow Jacket Mine fame, once operated a small mill at Como before heading to the Comstock. In 1861 Palmyra had a considerable business district and a post office. The following year promising ledges were discovered a half-mile east, and the town of Como was platted there. Over the next year or two virtually the entire population of Palmyra removed to Como. A letter from Como was published in the Daily Alta California on August 31st, 1863 (two weeks before this stock was issued) and paints a picture of a bustling mining camp in competition with Virginia City. The writer mentions many mine names but not this company. Mines mentioned include: Shiloh Lode, Palmyra Consolidated, Wagram Co., Monte Cristo, Rapidan, Sharon, Ray, Sonora, Prince of Wales, Walker, Mineral Tunnel, and many others. They mention a mill being put up and more on the way that fall. Clearly, they are excited about the possibilities of this district! However, by 1865, Como had not panned out. (Al Adams Gold Rush Memorabilia Collection) Date: Location: Lyon County, Nevada HWAC# 58422