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The Gold & Silver Mines Dev. Co. Ltd. Stock Certificate, Rossland, 1897

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:40.00 USD Estimated At:80.00 - 120.00 USD
The Gold & Silver Mines Dev. Co. Ltd. Stock Certificate, Rossland, 1897
SOLD
60.00USD+ (15.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Jun 23 @ 16:08UTC-7 : PDT/MST
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Issued right at the peak of the mining rush to Rossland! Offices of the company in Toronto, Rossland, and Chicago. No. 280, issued for 50 shares to A. McDougald on August 30th, 1897. Signed by the president and secretary/treasurer. Not cancelled. Brown border, black print, gold seal. Printed by Western Bank Note Co. Deep folds, some soiling and creases. 7.75 x 11.75" Not listed in the 1898 Canadian Mining Manual. Rossland's story began in 1890 with the discovery of the Le Roi mine. The development of this mine in turn developed the town. In 1898, the Le Roi mine was sold to the British American Corporation for over $3 million. Once the mine came into production, Le Roi stock jumped from fifty cents a share to $40 almost overnight. The population of Rossland exploded. It became one of the largest cities in Western Canada and a major business center in North America. (Prag Collection) Date: Location: British Columbia, zCanada HWAC# 63007