Archives International Auctions Auction 85 May 23, 2023

Archives International Auctions - Sale 85 120 April 4, 2023 Archives International Auctions www.archivesinternational.com New Mexico 589 589 Santa FeBonanzaMining andTunnelCo. 1881 I/UStockCertificate Santa Fe, New Mexico, 1881. 100 Shares I/U Capital Stock Certificate, Black text with black border and green undertint, Stag at center, right and left margins feature mining scenes. VF-XF condition. ���������������������������������������������������������������������������������������� Est. $120-240 New York 590 590 Frankfort Gold Mining Co. 1860s Proof Stock Certificate By Major & Knapp, NY Incorporated in New York, but a Western Mining operation, 1860s. Odd Shares Proof Capital Stock Certificate, Black text with black border and purple undertint, Men at work in mine at top left corner, New York State seal to the left. Fine condition. Printed on thin card. Probably a Western Mine. Major & Knapp. NYC. �� Est. $120-240 591 591 Grand Belt Copper Co. 1885 I/U Stock Certificate With Company Established by George McLellan. New York, 1885. 100 Shares I/U Capital Stock Certificate, S/N 799, Black text with brown border, Eagle with shield at center flanked by plowing and mining scenes. VF condition but cut close on left, ABNC. George B. McClellan, former commander of the Army of the Potomac, took up mining after the Civil War. He noticed copper deposits in northwest Texas while on an expedition in 1852. He formed the Grand Belt Copper Company in 1877 based on a geologic report and eyewitness accounts of plentiful copper deposits. The company purchased 200,000 acres in Hardeman County for 25 cents per acre. After a three-year suspension in operations while McClellan served as governor of New Jersey, mining resumed in 1884. He and his employees found ore mainly near the surface. They collected it from a broad area, including multiple sites within the present-day park. Up to 100 employees worked the steam-powered machinery and rock-crushing equipment. A nearby shantytown of saloons, brothels and other frontier businesses soon appeared. Major obstacles blocked McClellan’s dream of riches, including fuel and water shortages, transportation issues, and unfortunately his death in 1885. The company continued limited operations for three more years before closing. ����������������������������������������������������������������������������� Est. $100-200 592 592 South Pacific Mining Co., 1881, I/U Stock Certificate From One of the Biggest Mining Frauds of the 19th Century Salt Springs Area of Death Valley, California….. New York, 1881. 100 Shares Capital Stock I/U Certificate, Black on black border with mining vignette at top middle, ornate borders, Early large stock market scam, XF condition. Homer Lee BNC. In 1881, J. M. Seymour and C. A. Luckhardt gave this worthless property an exotic stage name, added to the board some respected individuals not previously associated with mining scams, and promoted the property until it became the speculative favorite of Broadway. The price went from $1 par to over $14. ������������������������������������������������������������������������������������������������������� Est. $150-300 Panama 593 593 Panama Mining and Mineral Land Co. 1906 I/U Stock Certificate Panama (Inc. in Delaware), 1906. 500 Shares I/U Capital Stock Certificate, S/N 540, Brown text with brown border, Embossed seal at bottom left corner. VF condition. Est. $60-140 Pennsylvania 594 594 Clearfield Bituminous Coal Corp., 1887 Specimen Bond Pennsylvania. $100 Specimen 5% Series B First Mortgage Coupon Bond, Black print on large brown border and under tint, Men moving carts of coal at top and seal of Pennsylvania at bottom, Specimen overprints and POC’s, VF condition with toning and splitting at fold lines, ABNC. �������������������������������������������������������������������������������������������������������������� Est. $90-160