Alaska Gold Mountain Mines, Ltd
- In stock
- Backordered, shipping soon
- Guaranteed authentic document
- Orders over $35 ship FREE to U. S. addresses
- Earn rewards points with every order
You will receive the exact certificate pictured
Guaranteed authentic
Over 75 years old
Capital stock
March 18, 1932
Issued, canceled
Goes
Hand signed
10" (w) by 5 3/4" (h)
NA
Historical Context
The Old Glory mine and adjacent Last Chance prospect are on the southwest foot of Gold Mountain at an elevation of 400-500 feet, and about 1.2 miles northwest of the mouth of Falls Creek.
The Old Glory mine is probably the more well known of the two properties. Gold was discovered beyond the head of Smuggler Cove in 1899 and by 1901 the workings consisted of a 120-foot shaft with drifts and crosscuts from it. A 2-stamp mill was set in operation and produced a small amount of gold. Beginning in 1912, there were several companies active in the area but chiefly the Alaska Venture Syndicate and an Australian affiliate that controlled the operations, largely with capital raised on the London Stock Exchange. By 1914, there was about 1,500 feet of underground workings, a powerhouse had been constructed, and a compressor was in operation. In 1916, the Alaska Ventures Syndicate disbanded after spending more than about $150,000 on the property, and the deposits were largely dormant until the the late 1930's.
A new company - Alaska Gold Mountain Mines, Ltd. - was formed then and began work financed by the sale of stock. They did considerable work underground, built a camp, cleared a road to the mine, and built a mill building to house the mill machinery which supposedly had been purchased. However the mill equipment never reached Alaska mining operation.
The Security and Exchange Commission was soon investigating the company, and it was liquidated by 1940.
Related Collections
Additional Information
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.