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CO - Cripple Creek,Teller County - 1913, 1917 - Cripple Creek Mining District Stock Certificate Grou

Currency:USD Category:Collectibles / Western Americana Start Price:100.00 USD Estimated At:200.00 - 300.00 USD
CO - Cripple Creek,Teller County - 1913, 1917 - Cripple Creek Mining District Stock Certificate Grou
Session D is a Mail-Bid Only Auction. Absentee bids will be accepted only. No live bidding will be allowed. All winners will be contacted after the auction. BIDDING ENDS MONDAY JUNE 27 AT 5PM PACIFIC TIME!!!
Lot of 2. 1. The Cresson Consolidated God Mining and Milling Company. In the late 1880s Bob Womack, a young cowhand, prospected the Cripple Creek area and in 1891 he struck the El Paso Lode. This property produced more than 250,000 oz. gold. For years the Cresson Mine, near Elkton, produced only low-grade ore and was sold by its “clever owners” to a group of drunken insurance men from Chicago. Five years later, Dick Roelofs, a young engineer, was hired by the new company in the hope of making it pay for it was $80,000 in the red. Roelofs deepened the shaft 400 ft. struck rich ore, and within a year had produced more than 50,000 oz. of gold. Then, in 1915, a new shaft struck the world famous Cresson Vug at 1,200 ft. The vug was a chamber, 30 ft. across and 18 feet high, with walls and ceilings encrusted with pure gold, several feet thick, in the form of gold tellurides, The floor of the vug was so matted with crumbled gold that it could be scooped up with a shovel, so valuable that a vault door was placed at the opening. Shipped to Colorado Springs, with armed guards riding the box cars, some of the ore assayed as high as 5000 oz to the ton [Refs: Writers’ Program, Ghost Towns of Colorado, 1947; Eberhart, P., Guide to the Colorado Ghost Towns and Mining Camps, 1959; Vanderwilt, J. W. Mineral Resources of Colorado, 1947; Hills, Fred, The Official Manual of the Cripple Creek District, Colorado, 1900; Lindgren, W. and F. Ransome, Geology and Gold Deposits of the Cripple Creek District, Colorado, 1906]. This stock, number 4724, was issued to Fred B. Crofutt by Adolph F. [illegible], Secretary, and Daniel Thatcher, President on 3 May 1917 for fifty shares. Also signed by the registrar of The Franklin Trust Company and the Secretary of the Columbia Trust Company. No vignette. Adhesive, green, five-cent stock transfer stamp, series 1942, with serrated edges, affixed on reverse. The folds are yellowing on reverse and right edge has some tears. Some wrinkling and wear in the folds. Holes punched through center indicate it was most likely cancelled or transferred on 5 October 1944. On white paper with dark green border. Fair to good condition.

2. El Paso Consolidated Gold Mining Company. This company owned The Orizaba, Nos. 1 and 2, The Fannie B, The Vulcan, and the Bryan fraction, containing in all abouth twenty-five acres, all patented, situated in section 25 on Beacon Hill. In 1900, the main shaft on the Orizaba No. 2 was 330 feet deep, with 3,000 feet of drifting. Gross production to January 1, 1900, was 23,437 ounces of gold [Refs: Hills, Fred, The Official Manual Cripple Creek District, Colorado, 1900; Lindgren, W., and F. Ransome, “Geology and Gold Deposits of the Cripple Creek District Colorado,” USGS Prof. Paper, 54, 1906; The Hal Miller Files including Stockholder Report of 1915, Maps, Mineral Reports]. The stock offered here, number 1326, was made out to James L. Sellman by [illegible], Secretary, and Allen L. Burris, President. Also signed by the registrar of The Registrar and Transfer Company on 1 February 1913 for 100 shares. Sedate green color with a darker green border. Vignette of miners working underground under the company masthead. Minor wrinkling on the right edge. Excellent condition.

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