6638

Rockdale Gold Mining Stock, 1865 [187896]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:50.00 USD Estimated At:200.00 - 250.00 USD
Rockdale Gold Mining Stock, 1865 [187896]
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Issued 1865 Rockdale Gold Mining stock. Sluicing and underground mining vignettes. "Permanent white settlement of the Gilpin County area began during the Colorado Gold Rush of 1859. John H. Gregory, a miner travelling from Georgia to California, stopped in Colorado in the fall of 1858, and made the first gold discovery in Gilpin County west of present-day Central City. Gregory waited until the following spring to stake his claim in what became known as Gregory Gulch. By the summer of 1859, the area became known as Gregory’s Diggings, and thousands of miners traveled there in an attempt to make their fortunes. The mining settlement near the diggings became known as Mountain City. Early miners practiced placer mining—panning for loose gold—in streams and creeks, pulling out $241,918 worth of gold by 1867. They also engaged in hydraulic mining, which uses high-pressure water hoses to blast away hillsides of gold-containing gravel and wash it down into a sluice. However, the real money lay not in surface gold but in deep, gold-bearing quartz veins, many of which were also discovered in the spring of 1859. These included the Bates Lode, the Gunnell, Kansas and Burroughs, the Bobtail Lode, and Russell Gulch. Using dynamite and coal-powered drilling engines to reach these deeper deposits, Gilpin County miners extracted more than $9 million worth of lode gold by 1867." from gilpincounty.colorado.gov [ Gilpin County Colorado