2684

Santa Rita Copper and Iron Company Stock (90538)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:50.00 USD Estimated At:100.00 - 200.00 USD
Santa Rita Copper and Iron Company Stock  (90538)
SOLD
90.00USD+ (22.50) buyer's premium + applicable fees & taxes.
This item SOLD at 2019 May 17 @ 16:33UTC-7 : PDT/MST
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# 1573 for 100 shares to Ashley Watson & Co. Signed by WJ Downing and president JP Whitney. Not cancelled. $1.00 green documentary stamp on reverse. Underground mining vignette. American Bank Note printer. Dog ear corners, one stain center bottom. The Santa Rita district was one of the oldest mining districts in the west and ranks next to the Lake Superior district of Michigan as the earliest known copper district within the territories included in the United States. According to J.P. Whitney, croppings of native copper were discovered by an Apache Indian in the later 18th century. After the find was reported to Colonel Carrasco of the Spanish army, a contract was made to supply copper for the Mexican coinage (Likely about 4,000,000 lbs. annually). In 1897, the Hearst family took a lease on the properties to supply sulphide ores to its smelter in Silver City. Through 1904, the total production of the Santa Rita mines was estimated at 80 million lbs. (USGS, Prof. Paper Issue 68, Ore Deposits of New Mexico, p. 306) Ken Prag Collection

Date: 1895
City/County: Santa Rita
State: New Mexico