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Superior Mining Stock Certificate

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:50.00 USD Estimated At:100.00 - 200.00 USD
Superior Mining Stock Certificate
SOLD
550.00USDto T*********t+ buyer's premium (107.25)
This item SOLD at 2014 Sep 14 @ 10:14UTC-7 : PDT/MST
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Superior Mining Company, incorporated under the laws of the State of California 14 November 1882. Certificate No. 22, issued on 24 February 1883 to George C. Perkins for 100 shares, $100 per. Signed by Irwin C. Hannah, secretary, and J.B. Haggin, president. U/C. Vignette: small circular image of two miners inspecting ore on the surface. Six rubber stamps on reverse for dividend payments.  Measures 4" x 10". The Superior mine was one of the best producers of the Kingston district.  In 1881, the principal mine in the district was the Bullion. Haggin and his associates felt the mine had room for expansion on ground directly to the north of the Bullion, called the Superior. They acquired the mine and in 1881 began their own company. Among the investors were Haggin’s partners in Butte and Homestake, George Hearst, and Haggin’s brother Louis.  The mine was located along the contact of porphyry and limestone. Silver assays reportedly ran as high as 417 ounces to the ton, while average ore was said to be 73 to 80 ounces to the ton.  By, 1884, the Superior and Bullion were “without a doubt, the most important mines in the district.” The Superior was 300 feet deep, with 29 men busy doing most of the work on the 200 foot level.  Haggin was a lawyer from San Francisco and a long time partner with friends George Hearst and Lloyd Tevis.  The trio went on to develop and own some of the largest mines in the world including the Homestake in the Black Hills and at Butte. They founded the public companies of Homestake Mining and the Anaconda Co. Tevis was also president of Wells Fargo for nearly 30 years. They are considered among the most powerful western financiers. [Ref: Burchard, 1883, 1885).  Rare.  Extremely fine.City: San FranciscoCounty: San FranciscoState: CADate: 1883