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Ore Knob Copper Company Stock - Rare

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:50.00 USD Estimated At:100.00 - 200.00 USD
Ore Knob Copper Company Stock - Rare
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# 754 for 100 shares to Kummus & Becker. Signed by SD Smith and president John Wil(?). Dateline 1883. Incorporated in North Carolina in 1881. Brown on white. Mill scene vignette. CG Crawford printer. Not cancelled. No edge, corner, pinhole or discoloration issues! Two vertical folds. The Ore Knob Copper Mine in Ashe County was first conceived in the spring of 1854. Lillard managed the original opening of the Ore Knob Copper Mine in 1855, when "four shafts were sunk on the property to depths of 90, 40, 30 and 40 feet and enough ore that assayed 19 percent copper was mined to make a profit of $9,400." But the distance of 63 miles over "poor mountain roads" to the nearest railroad prevented the mine from being profitable, and it was closed in 1856. S. S. and J. E. Clayton of Baltimore reopened the mine in 1873, and that July "about 1,400 tons of ore" were raised, "averaging more than 25 percent of copper." Other periods of operation included 1896, 1913, 1917-18, 1927, 1942-43, and 1953-62, when the mine was "completely worked out" and abandoned. [Encyclopedia of North Carolina by Powell] Prag Collection State: North Carolina City: Ashe County Date: 1883 HWAC# 81940