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World Exploration Co. Stock Certificate, Death Valley 1927

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:40.00 USD Estimated At:80.00 - 200.00 USD
World Exploration Co. Stock Certificate, Death Valley 1927
SOLD
40.00USD+ (8.40) buyer's premium + applicable fees & taxes.
This item SOLD at 2017 Oct 25 @ 15:45UTC-7 : PDT/MST
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Cert. #7050, issued to E.S. Jones for 100 shares in 1928. Signed by Chester R. Bunker as president. The company was working the Skookum group of claims, Death Valley, Inyo County. The company purchased the claims from the Death Valley Mining Company in 1927 for $100,000. The company had full water rights to Sand Spring, 15 miles away. Sol Camp was retained as superintendent of the Skookum property. Bunker, the president overly promoted the company and it's prospects and by 1929 was under federal indictment for mail fraud. The company had assured it's investors that they would be paid dividends that the company subsequently was unable to pay (1931 Mines Handbook). Uncancelled. City: Inyo/ Death Valley State: California Date: HWAC# 51221