Triunfo Gold and Silver Mining Co. - PMG Graded 1864-1865 dated California Mining Stock Certificate
Inv# MS1066A Stock
Stock PMG graded 63. Mines located in San Antonio District, Lower California. Washington Revenue stamp. Civil War Dated! Also available PMG50 for $275 or PMG35 for $225. Please specify grade.
The company also possessed several significant properties in the El Triunfo-San Antonio gold district, located south of La Paz in South Baja. The mines were established by the company in 1863. This included the Carmen, Santa Fe, Valenceina, Mendocena, and Esperanza. A tunnel was excavated to intersect the Carmen vein, which was detailed in a letter to the Mining and Scientific Press: 'At the location where the vein was intersected, I measured seven feet of metal, and if I am any judge, it would be challenging to find anything that surpasses it in average richness.' A stockpile of ore at the mill was reported to average twelve hundred dollars per ton (equivalent to 60 ounces of gold per ton!). The correspondent further noted that 'without a doubt, it (the El Triunfo valley) will evolve into a site of significant importance, as there are numerous mines, likely as rich as any on the Pacific coast, visible from the location of the Triunfo Company works.' The El Triunfo mining district has likely yielded more than 500,000 ounces of gold from its discovery to the present. [Ref: Mining and Scientific Press, 1864, V VIII, No. 1, p.8]
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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