Cerro-Colorado Mill & Mining Company Stock Certificate

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:120.00 USD Estimated At:240.00 - 400.00 USD
Cerro-Colorado Mill & Mining Company Stock Certificate
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Lot of two. 1) The Cerro-Colorado Mill & Mining Company. VERY EARLY Number 6 for 500 shares to John P Arey, trustee in 1876. Signed by secretary CP Foisard and TM McEntee. Vignette is of the Cerro-Colorado mining site! Very nice. Incorporated on September 29, 1876. Holes where the ink was applied heavily. Two foxing spots on right. Still, a nice specimen. The silver mines of the Cerro Colorado Mining district in Santa Cruz County have attracted the attention of miners who worked the narrow quartz veins in sedimentary volcanic rocks for several hundred years. Located 55 miles southwest of Tucson among the rolling grasslands along Arivaca Road between Amado and Arivaca, the Cerro-Colorado Mine is classified as one of the earliest mining operations after the Gadsden Purchase of 1854. Known for its high-grade surface silver it was worked by Charles D. Poston and Herman Ehrenberg from San Francisco, the former acquired $100,000 in cash to invest in 80 mining claims near the old Tumacacori Mission and the Santa Rita Mountains to the east.

The mine entrance, or adit, was protected by a walled fortification that included a lookout tower used to protect the workings. (SEE VIGNETTE ON THE STOCK FOR A PICTURE.)

Poston, managing agent, operated a quasi-government circulating his own paper currency, “boletos,” consisting of animal depictions on cardboard that was redeemable in silver bars. He referred to his operation as a 'community in a perfect state of nature.' Located in the foothills of the Cerro Colorado Mountains, the mine early on produced $5,000 to $8,000 of silver per ton. Ore was transported by wagon to Guaymas, Sonora, and later shipped by schooner to San Francisco paying over 50 percent dividend. Some ore was also shipped by wagon over the Santa Fe Trail to Kansas City as a sample to eastern investors of the potential mineral wealth found in Arizona. [Arizona Daily Star, November 6, 2016]

2) Cerro Colorado Mines Company stock number 164 for 14 shares issued to Albert Herald and signed by Charles A Udall and John A Whitney. Striking, but taped along bottom where there was a large tear and there is a rip on the right side of the seal. Heavy vertical folds. (Laguna Collection)
Date: 1876 Location: Cerro-Colorado Mining District, Arizona HWAC# 59690