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Shakespeare Gold & Silver Mining Company Stock - With a William Ralston Story (91884)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:100.00 USD Estimated At:200.00 - 400.00 USD
Shakespeare Gold & Silver Mining Company Stock - With a William Ralston Story  (91884)
SOLD
110.00USD+ (27.50) buyer's premium + applicable fees & taxes.
This item SOLD at 2019 May 17 @ 16:31UTC-7 : PDT/MST
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UNIQUE book vignette with shakespeare portrait, company title and location. St. Louis Bank Note printer. Not Cancelled. # 935 for 100 shares t Mrs. AM Edwards. Signed by H Booth and president John Boyle. Dateline St. Louis 1880. Incorporated June 5, 1879. Discoloration throughout. Tear upper left. "Around 1870, the area that would eventually become Shakespeare had attracted a number of prospectors always on the look-out for mineral deposits. When a couple of them found rich silver ore, they contacted San Francisco businessman and financier, William Ralston, co-founder of the Bank Of California six years earlier. When the prospectors were successful in gaining Ralston’s financial support to develop the mines, the resulting settlement was named Ralston in his honor...Though the New Mexico Mining Company found a few isolated pockets of silver ore, William Ralston’s credibility was quickly waning due to his involvement in several dicey scams, one of which was the Great Diamond Hoax of 1871. His stock dropped dramatically and people began to leave the newly formed camp. By 1873, there were only a few people left in the boom town...In 1879, though the town of Ralston was virtually non-existent, another investor, Colonel Boyle of St. Louis, Missouri, staked a number of claims under the name of the Shakespeare Mining Company and renamed the settlement, Shakespeare. Mining was in full force again with the principal mines being Boyle’s Shakespeare Gold and Silver Mining and Milling Company. [legendsofamerica.com] Ken Prag Collection

Date: 1880
City/County: Grant County
State: New Mexico