-40%
#S164,Crescent Silver Mine,Stevens Mine,Georgetown Clearcreek CO Stock

#S164,Crescent Silver Mine,Stevens Mine,Georgetown Clearcreek CO Stock

$ 155.86

Availability: 70 in stock
  • Return shipping will be paid by: Buyer
  • Refund will be given as: Money Back
  • Circulated/Uncirculated: Circulated
  • Item must be returned within: 30 Days
  • Country/Region of Manufacture: United States
  • All returns accepted: Returns Accepted
  • Restocking Fee: No
  • Condition: see description
  • Modified Item: No

    Description

    ungraded, hard to find item. Please check my other rare stocks on ebay at this time, you'll find some rare and obscure ones thx

    In 1870 George Armstrong Custer became involved with New York financiers August Belmont and John Jacob Astor in raising venture capital (0,000) for a half interest in the Stevens Silver Lode located in near Georgetown, Colorado. The Crescent Silver Company of Cincinnati owned the other half . The Stevens Mine was reputed to be a bonanza mine. Custer went into debt to purchase his stock for ,000, with Belmont in for ,000 and Astor in for ,000. Custer promised to market additional shares of stock using his name and extended a leave of absence from the cavalry to do so. Unfortunately, his marketing efforts never paid off and he became caught up in speculative trades with the stock brokerage firm of Justh & Co. in New York. His debt was never paid, and Custer went on to meet his fate at the Little Big Horn in the Black Hills leaving his wife to deal with the considerable and surprising debt. Certificate No. 75 for 10 shares Maria Huym on January 24, 1870. Signed by Charles Mendenhall, president and Theo J. Biggs, secretary. A green company mining seal affixed with an early version of the seal of Colorado Territory as a vignette. Two Revenue stamps, one red certificate 25 cents, the other a blue 25 cent stamp . The Georgetown Miner on October 13,1870 reported that the Crescent Silver Mining Co. had produced 40 tons of ore yielding 0 per ton simply drifting on the vein. Raymond's report for 1872 reports, ''The Stephens Lode has been constantly and profitably worked during the year, yielding an average of 30 tons per month of good ore, averaging 750 ounces of silver per ton, with a high percentage of lead." Incomplete production records show that between 1870 and 1911, the Stevens mine produced at least 4,800,000 lb. of lead, more than 100,000 oz silver, and 250 oz gold. [westernmininghistory.com] The Stephens Mine was the first use a cable tramway in Colorado."