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Specie Paying Gold & Silver Mining Company Money look-alike Stocks

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:150.00 USD Estimated At:300.00 - 500.00 USD
Specie Paying Gold & Silver Mining Company Money look-alike Stocks
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Panel of three unissued stocks. Each is for $10 which is prominently displayed. Each shows a vignette of the Arizona desert with saguaro cactus.188-.Mineral Creek District, is about 15 miles northeast of Florence in central Arizona. Incorporated in 188? In La Porte, Indiana. Mine was probably financed by people from around the La Porte, Indiana area. Some edge light discoloration issues. CHOICE and very framable.

Balch (1882, p. 1162) reports this company's property was the first southern extension of the Alice claim. The mine is opened by several shafts, and gives promise of developing into a valuable mine. One of the openings has exposed a fine body of galena ore carrying $30 silver to the ton. One shaft and cross-cut at a depth of 140 feet shows fourteen feet of ore, assaying from $700 to $800 per ton. Work is being pushed with vigor.

Burchard reports in 1882 (p. 325) that the company is driving a new tunnel. Ore assays at $42 per ton.

Hamilton (1884, p, 207) indicates the Specie Pay and Alice claims are located in the Mineral Hill district, 15 miles from Florence. The [Alice] shows a vein from five to ten feet in width. The Specie Pay joins the Alice, carries ore of the same character, and shows a ledge fully as large. It is opened by a tunnel, which taps the vein at a depth of 250 feet. A five- stamp mill has lately been erected on the Alice mine, and is steadily at work day and night, turning out over $12,000 per month. As work progresses, the claim is developing into one of the most valuable properties in Pinal County. The vein, in places, is over twelve feet wide averaging over $30 per ton, silver. The ore is free milling, and easily reduced. (Laguna Collection) Date: 188- Location: Pinal County, Arizona HWAC# 59681