Specie Basis Mining Co. bond (91027)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:250.00 USD Estimated At:500.00 - 800.00 USD
Specie Basis Mining Co. bond  (91027)
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Uncancelled $100 1st Mortgage bond cert #369 with 2 coupons from Specie Basis Mining Co issued in 1866. Gray ornate border. Vignette of mill along side river. Blue underprint “One Hundred Dollars.” Bottom of the certificate says "Gold, Silver and Copper Mines in Arizona." Incorp. PA on June 20, 1866. Signed R. B. Gitts, pres. John E. Potter, trustee and William R. Allen, sec. Raised company seal. Specie Basis Mining Co is among well-known mines in western America. "Specie basis" refers to an outdated monetary payment revolving around gold and silver, which were called specie. Term "specie basis" refers to payment “in kind” or payment in gold or silver. District located about 15 miles northeast of Florence in central Arizona. High Chance Specie Basis Mining Co and Specie Pay Mine are related. These are uncommon terms. Very rare. Gitts signing as president may be related to the Gitts of Casa Grande scam. Printed: Jas McGuigan Lith 3rd & Dock Sts. Phil.

Provenance: The Fred Holabird Collection
Country (if not USA):
State: Arizona