3541

Sierra Grande Mining Company Stock Certificate, Lake Valley, NM 1883

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:50.00 USD Estimated At:100.00 - 200.00 USD
Sierra Grande Mining Company Stock Certificate, Lake Valley, NM 1883
SOLD
50.00USDto b**********7+ buyer's premium (12.50)
This item SOLD at 2018 Mar 17 @ 16:17UTC-7 : PDT/MST
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Inc. in New Mexico.No. 9746, issued for 100 shares to R. Ellis & Co. on June 13th, 1883 in Philadelphia. Signed by vice-president Wright and secretary Smeadley. Not cancelled. Gorgeous certificate with brown border, ornate logo and vignette of snow-capped mountains. Printed by Kendall Bank Note Co., New York. Pinholes, folds, very fine. 8.5 x 11.5" Mines located at Lake Valley, New Mexico. Due to the company's low grade ore and problems with their milling process, the company was in crisis by 1886. The company was merging with the Sierra Bella Mining Company and funds were tight. In debt, with the mill operating at a loss, the company was appealing to noteholders to essentially roll over their debt of about $20,000, and for current shareholders to pony up more money. It wasn't looking good for the company (E.M.J. 42, 1886). (Al Adams Gold Rush Memorabilia Collection) Date: Location: Lake Valley, New Mexico HWAC# 59084