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Life Preserver Mine Bill of Sale -Placer County, 1878

Currency:USD Category:Western Americana Start Price:75.00 USD Estimated At:NA
Life Preserver Mine Bill of Sale -Placer County, 1878
Two page handwritten document documents a bill of sale for the Life Preserver mine at Bald Hill from A.O. Bell to J.L. Holland of Nevada City. According to the History of Placer County, Thompson and West, 1882(pg 228-29), Bell had made the richest strike in the county in many years. Bell had been a struggling prospector until one day hunting through the hills, “he struck his pick into a little mound which resembled somewhat in appearance an ant hill, and to his delight he unearthed some pieces of decomposed quartz, attached to which were some colors of gold”. “Encouraged at his prospect, he began to sink on his new lead and found more or less gold at every day of descent. Last Saturday, he had reached a depth of 30’, and had taken out rock estimated to be worth about $1,500. Bell then hired some men to help him at the mine. From three panfulls on Monday, he obtained gold estimated to be worth $4,000 to $5,000.” By Wednesday that week, Bell claimed that he had taken between $30,000 and $35,000 from the mine and had an offer to sell for $20,000. This first sale attempt fell through as the buyer could not raise the funds. As Bell had been prospecting for some years and had gone through poverty, he gratefully named his mine, “The Life Preserver”. In 1878, another body of gold was struck and $20,000 was taken out. The mine was then sold to Messrs. Wilkinson and Holland. This bill of sale transfers ownership in the mine from A.O. Bell of Bald Hill, Placer County to J.L. Holland of Nevada City on August 15, 1878. Consideration was $1 at the time of sale, with a further $5,000 in gold coin to be paid to Bell by September 15th. The mine is described as “that certain quartz lode known as the Life Preserver mine”. Wilkinson and Holland operated the mine for some time successfully and renamed it the Nevada Hill mine. The document also locates the mine as “one mile saw of Bell’s house at Bald Hill in Placer County”. Signed at the bottom by Bell and Holland. The document is in very good condition.

Date: 1878City: Bald HillCounty: PlacerState: CA