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Big Bonanza Mining Stock Pair: Con. Virginia and California Mining Companies, 1879 [195910]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:150.00 USD Estimated At:300.00 - 400.00 USD
Big Bonanza Mining Stock Pair: Con. Virginia and California Mining Companies, 1879 [195910]
FINAL AUCTION RECORD The Auctioneer’s podium notes serve as the final, legally binding record of the auction results, superseding any electronic bidding records. See Terms and Conditions
Lot of 2. These mines were the site of the "Big Bonanza" discovery in 1873. The "Big Bonanza" was considered the greatest mining strike in the history of the American West. In 1872, John Mackay, James Fair, James Flood & William O'Brien formed an alliance and took control of the Consolidate Virginia and California mines for an investment of about $100,000. The two mining properties were thought by others to be barren ground, but Mackay & Fair who were well seasoned miners thought otherwise. In 1873 an incredibly rich body of ore was struck at the 1,167-foot level that descended more than 400 feet, it was the "Big Bonanza." By 1879, the Consolidated Virginia had generated $61 million and the California $44 million making them the two largest producing mines in the history of the Comstock Lode. 1) California Mining Company. Issued in 1879 to Bayley (ink faded). Signed by vice president Follis and secretary Gordon. Not cancelled. 2) Consolidated Virginia Mining Company. Issued in 1879. Signed by president Chas. Fish and the secretary. Not cancelled. Pinholes. Both Britton & Rey.
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Date: 1879
Country (if not USA):
State: Nevada
City: Virginia City
Provenance: Douglas McDonald Collection