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Tolles Gold & Silver Mining Company Stock [163717]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:200.00 USD Estimated At:400.00 - 600.00 USD
Tolles Gold & Silver Mining Company Stock [163717]
SOLD
200.00USDto d******r+ buyer's premium (50.00)
This item SOLD at 2023 Mar 31 @ 14:43UTC-7 : PDT/MST
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Tolles Gold & Silver Mining Company Stock - Pea Vine Mining District, Washoe City, N.T. - Rare location. Dix Ledge, Pea Vine Mining District, Washoe County, N.T. Pea Vine was the original usage of what is commonly known as Peavine today in Nevada. Incorporated May 1863 and capitalized at 41,000,000; 2000 shares at $500 per. Certificate No. 299, issued to Mrs. M. K. Battersby for 5 shares datelined Washoe City, N.T., October 12th, 1863. Signed by SC Jolly, president, and PC Robertson, secretary. 25-cent power of Att'y Revenue stamp. Not cancelled. Three vignettes: surface working (center), prospector (left side), and small eagle (bottom center). Printed by Towne & Bacon Printers. Stain in center vignette. Edge and corners show little wear. Company not in Filer or 1863 N.T. Directory (see p.129). The Peavine District was organized in 1863. It covers an area 16 miles (east to west) and 8 miles (north to south) in the hills north of the Truckee River. Reno was located at the center of the south side of the district. Poeville was a town located at a spring in the center of the district. Peavine Peak is the highest point in the district. The northwest part of the district was serviced by the NCO railroad. Browne described the district in 1867. He says it was originally laid out to be 20 miles east to west and 10 miles north to south. He reports that gold & silver occur in quartz veins with copper carbonate ores. The Bay State Mining Co. was planning on installing a Haskell smelter at Reno. Dr. Landszweert of Reno had copper ores containing $150 in gold and $250 in silver. In 1868, Browne reports that there are 13 veins opened in the district, striking north/south, and cutting through granite and metamorphosed sediments. Hague, 1870, reports: "Veins of copper ore have been opened in metamorphic rocks and prospected to a depth of 40 or 50 feet. The surface ore consists chiefly of oxides and carbonates with some sulphurets of copper. It is slightly argentiferous. The region has been lying neglected for several years but its proximity to the railroad may make it an available source of copper should future exploration encourage further development." Burchard (1881) notes that the Golden Fleece at Poeville has opened an 8-foot vein by tunnel and incline. He mentions the Massalond Ledge (located 3.5 miles west of Reno), and the copper belt of the district located 15 miles northwest of Reno City.

Date:
Country (if not USA):
State: Nevada
City: Washoe County
Provenance: