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Chester County Mining Company

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:110.00 USD Estimated At:175.00 - 200.00 USD
Chester County Mining Company
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1853, Pennsylvania. Stock certificate for 50 shares. Black. Engraved vignette of a riverside scene and bridge, minters at work, portraits of Benjamin Franklin and William Penn. Printed by Danforth, Bald & Co. “In 1850, the Chester County Mining Company was incorporated. Operations began in June and with Dendy Sharwood as mine operator, the mine produced 380 tons of ore in it's first year. A smelter with a capacity of 30 tons of ore per week began operating in June of 1851. In 1852 453 tons of the mines ore, and an additional 212 tons of ore from the Wheatley Mine and Montgomery Mine collectively were smelt at this facility. With workings at 18 and 37 meter levels, the attempt to reach the 91 meter level (where Lead and Copper levels were projected to meet), were hampered by the hardness of the rock and in June of 1853, the pumps were turned off and the mine was left to fill. Operation of the mine by the Chester County Mining Company ceased in 1854, It featured 1,675 meters of workings on 3 levels, 12 shafts and 7 winzes, with a total production to date of 1243 tons.” (http://www.mindat.org). Folds. Uncancelled and Fine.