SOLD
700.00USD+ (140.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2015 Sep 27 @ 16:37UTC-7 : PDT/MST
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Very rare stock certificate no. 17 for 25 shares issued to D. R. McKee, signed by Adolph Sutro. Hand cancelled in red through signature. Vignette of miner with pick axon left side. Slight tear on left side. The Sutro Tunnel was a drainage tunnel connected to the Comstock Lode in Northern Nevada. It began at Virginia City, Nevada and emptied approximately 6 miles southeast near the town of Dayton, Nevada. The tunnel was first envisioned by Adolph Sutro in 1860. He promoted the drainage tunnel in order to allow access to deeper mineral exploration in the Comstock. By 1865, Sutro's idea had gained the approval of state and federal legislation. The mining interests of the Comstock also initially supported the tunnel project, but later strongly opposed the idea. They feared that an alternate access point to the Comstock minerals would threaten their monopoly on the mining and milling of gold and silver in the Comstock. Nonetheless, Sutro formed the Sutro Tunnel Company, selling stock certificates to raise funds for its construction, which began in 1869. Financing also came from local miners under the guise of improved mine safety. (Prag Collection)
City: Virginia City
State: Nevada
Date: 1868
HWAC#: : 31526
Auction Location:
3555 Airway Drive Suite 309, Reno, Nevada, 89511, United States
Previewing Details:
Preview is Thursday September 24 at our offices in Reno or by prior appointment.
Nevada State Sales Tax
Taxes:
| Tax | Rate | Desc. |
| NSST |
7.75% |
Nevada Sales Tax |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
23% |
Additional Fees:
| Fee | Amount | Applicable Locations | Applied To |
| Handling fee |
5.00
|
Not Applicable
|
This fee applies to the total of the invoice
|
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1. This is a Live Auction conducted by Holabird’s Western
Americana Collections LLC (HWAC).
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more than one bid at the current high absentee bid or 50% of the
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case of an immediate dispute at the actual time of the sale.
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or omissions by agents acting on behalf of bidders at our auctions.
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auction MUST be received by 5pm pacific time the day before
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note that there may be delays or interruptions in internet
connectivity that are beyond our control. Attending the live
auction or arranging for an agent is the most reliable way to secure
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WARNING: Auction participation through the live internet bidding
site is not 100% foolproof. The technology for this process is still
under development, and the operation of it and the corresponding
internet connectivity issues are far beyond our control. Some folks
have attempted to use the live internet bidding process as their
primary method of bidding, and have been quite successful. Others
have failed completely. Depending upon your computer, server, host,
and other factors, internet signals may be delayed, such that bids
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delays, or for the lack of placed bids in a timely manner, or any other
factors leading to unaccepted bids that are far beyond our control.
Bidders should always have a backup plan for lots they highly desire.
Live participation is best, followed by phone participation. We will
not reopen lots for missed bids.
7. Reserves: Most of the lots in this auction are unreserved. Gold is
generally reserved at or near spot, though it could be slightly below
spot.
8. Bidding Increments: All bids must be submitted in U.S. dollars
and in whole dollar amounts only in the appropriate increments
as outlined below. If you choose to submit bids in an increment not
listed below, your bid will be rounded to the nearest increment
and you will be expected to pay the amount to which the bid
was rounded should your bid be the winning bid. If you have any
questions about an appropriate bid amount, please call us.
From: To: Increment:
$1 $95 $5
$100 $190 $10
$200 $475 $25
$500 $1,450 $50
$1,500 $3,400 $100
$3,500 $9,750 $250
$10,000 $max $500
9. Bid Reduction: All winning absentee bids will be reduced, if
necessary, to the next bidding increment up from the last competing
bid, as long as the minimum bid requirement has been met. For
example, if you submit an absentee bid of $1000 and the next highest
competing bid is $250, then you will win the lot for $275.
10. Bid Information: Collectors often ask in advance the price level
of a particular lot. We will give out the current high absentee bid until
we close the day before the live auction. You may also view absentee
bids online at www.holabirdamericana.com. While we try to update
the absentee bids as often as necessary, bids received close to the
bidding deadline might not be reflected online, and we disclaim any
responsibility for any bids made in reliance upon inaccuracies on our
website.
11. Bid Cancellation: If you wish to cancel or change a bid after you
have submitted your bids to us due to an error, you MUST PHONE us
to advise us of this. Bid cancellations through mail, email, or fax are
not advisable. Errors are easy to make and we are happy to assist all
callers.
12. All stock certificates, checks, warrants, and other financial
documents sold herein are sold as antiquities, and have no financial,
securities, or public trading value whatsoever.
13. We reserve the right to reject any bid we feel is not made in
good faith.
14. The placing of a bid shall constitute the bidder’s acceptance
of these terms of sale