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Anaconda Co. - $1,000 Specimen Bond circa 1960's - Famous Mining Company

Inv# SE2993   Specimen Bond
Anaconda Co. - $1,000 Specimen Bond circa 1960's - Famous Mining Company
State(s): Montana
Years: (1960's)
Color: Blue

$1,000 6 5/8% Specimen Bond printed by American Bank Note Company. The Anaconda Copper Mining Company, part of the Amalgamated Copper Company from 1899 to 1915, was an American mining company. It was one of the largest trusts of the early 20th century and one of the largest mining companies in the world for much of the 20th century. Founded in 1881 when Marcus Daly bought a silver mine, the company expanded rapidly based on the discovery of huge copper deposits. Daly built a smelter in Anaconda to process copper mined in Butte. Daly sold his assets in 1899 to H H Rogers and William Rockefeller.

By 1910, Amalgamated had expanded its operations and bought the assets of two other Montana copper companies. In 1922, Anaconda bought mining operations in Mexico and Chile; the latter was the largest mine in the world and yielded two-thirds of the company's profits. The company added aluminum reduction to its portfolio in 1955. In the 1950s, the company switched over from underground to open-pit mining. In 1960 its operations still had 37,000 employees in North America and Chile. It was purchased by the Atlantic Richfield Company (ARCO) on January 12, 1977. Anaconda halted production in 1980, and mining ceased completely in 1982 when the deep pumps keeping the mine drained were shut off, allowing the Berkeley Pit to fill. What remains is a massive Superfund site, with CERCLA liability for British Petroleum, who bought out ARCO. Read more at https://en.wikipedia.org/wiki/Anaconda_Copper

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Condition: Excellent

Stock and Bond Specimens are made and usually retained by a printer as a record of the contract with a client, generally with manuscript contract notes such as the quantity printed. Specimens are sometimes produced for use by the printing company's sales team as examples of the firms products. These are usually marked "Specimen" and have no serial numbers.

Item ordered may not be exact piece shown. All original and authentic.
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