SOLD
5,000.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2010 Oct 29 @ 12:14UTC-7 : PDT/MST
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Note No. 167. This Pinal Gold and Silver Mining Company one-dollar note is probably the only such note extant. Extremely Rare, One Dollar U.S. Currency #167 printed on bond paper. “One Dollar” printed in center, signed by J. M. Morrison, Superintendent.
The Pinal Gold and Silver Mining Company was formed in late 1876 and operated until about 1879. It was reformed in the mid 1880’s as the Pinal Consolidated MC with significant production. The years in between may have been marred by a lawsuit. This type of activity happens when a new company emerges with a similar name to the old one, then immediately goes into large-scale production. For example, the Pinal Consolidated produced $207,771 in 1883, and $20,000 in 1884. There was no reported production in 1880 or 1881 as shown in Burchard’s Report of the Director of the Mint for those years. By mid 1879, the company was not trading on the San Francisco Mining Stock Exchange.
The Pinal Gold & Silver MC office was located in San Francisco, at 402 Montgomery, from 1876 until 1878. The superintendent listed on the bank note, J. M. Morrison, is not listed as a resident of San Francisco during that period and may have been the mine Superintendent in Arizona, though Orlando H. Bogart was the Secretary. In 1879 the office moved to Liedsdorf Street. The Mine is not reported in Hinton’s Handbook for Arizona or Hamilton’s Resources of Arizona, both key references for Arizona mines for the 1870’s and 1880’s. It is also not listed in the 1881 Disturnell Arizona Business Directory, nor was Morrison. Balch (Mines, Miners and Mining Interests in the United States) lists the Consolidated Company without much notice (1883).
It is unclear if the company owned the Pinal Lode or if they were active elsewhere in Pinal County. The lode was located about 40 miles distance from the famous Silver King Mine near Pinal City. Note is in Extremely Fine condition with very faint creases, and one slight tear repaired with glue. Ex Maurice Burgett French's 108th Auction, November 30, 1974 part of lot 510; Ex 1990 Memphis Sale #89 (NASCA division of R.M. Smythe, June 1990, lot 1213: From the John J. Ford, Jr. Collection.
Auction Location:
Atlantis Casino Resort 3800 S. Virginia St., Reno, Nevada, 89502, United States
Previewing Details:
Preview is available at our Reno office located at 3555 Airway Drive Suite #308 by appointment only, any
time prior to 10/28/2010. Call 775-852-8822 to schedule a preview. Space is limited. Preview is open to
the public on 10/28/2010 from 12:00pm to 6:00pm at the Atlantis Casino Resort located at 3800 South
Virginia Street in Reno, Nevada.
Sales tax will apply, according to state law, for any items that ship to Nevada or California or are picked
up at our Reno, Nevada location, unless a current, valid re-sale certificate is provided at the time of
purchase.
Taxes:
| Tax | Rate | Desc. |
| NST |
7.725% |
Nevada Sales Tax: |
| CST |
9% |
California Sales Tax: |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
17.5% |
Additional Fees:
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handling fee will be included in the shipping charge. The customer is responsible for all shipping charges.
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our approved, insured carriers, Federal Express or the US Postal Service. All items shipped Federal
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extra cost to the buyer. Federal Express shipments will be sent the Monday, Tuesday or Wednesday
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for the Mail-Bid/Absentee Only Section Only of the auction will remain open until Monday,
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or “Absentee Only”. The Mail-Bid/Absentee Only portion of the sale will close approximately
one week after the live auction. It is your responsibility to submit all lot numbers and bid
amounts accurately. Absentee bids should be equal to at least 50% of the low estimate if an
estimate is provided. Absentee bids for the Mail Bid/Absentee only section of the auction will be
accepted until Monday, November 8th, 5pm PST.
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calculated at 20.5%.
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within two business days after the close of all portions of the sale. Payment is due in full within
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of IRS 8300 forms, as required by law. Sales tax will be added to all sales picked-up after the
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certificate is provided.
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call our office for assistance. You may return any piece that was significantly inaccurately
described by calling our office within one week of receipt of item(s) and notifying us of the error
and reason for return. We do not refund postage or insurance. We have attempted to describe
condition accurately. If no condition is given, assume average. Please call us if you require a
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antiques, and have no financial, securities, or public trading value whatsoever, other than as an
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11. In the case of tie bids on the book, the earliest received shall take precedence.
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responsible for any failure due to the loss of the auction applet provided by this auction network