100 Pieces of Anaconda Co. - 100 Stock Certificates dated 1960's-70's! - The Great Mining Company
Inv# WW1002 StockGroup of 100 Stock Certificates. Mining scene by American Banknote. Mixture of Blue and Green colors.
The Anaconda Copper Mining Company, a major American mining firm, was part of the Amalgamated Copper Company from 1899 to 1915. It was one of the largest trusts of the early 20th century and maintained its position as one of the world's largest mining companies for much of the century. Founded in 1881 by Marcus Daly, who acquired a silver mine and discovered significant copper deposits, the company rapidly expanded. Daly established a smelter in Anaconda to process copper from Butte, Montana. In 1899, Daly sold his assets to H.H. Rogers and William Rockefeller.
By 1910, Amalgamated had grown its operations by acquiring assets from two other Montana copper companies. In 1922, Anaconda expanded further by acquiring mining operations in Mexico and Chile, with the latter becoming the largest mine globally and contributing two-thirds of the company’s profits. In 1955, the company diversified into aluminum reduction and transitioned from underground to open-pit mining during the 1950s.
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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