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Patino Mines and Enterprises Consolidated Inc. - dated 1950's Famous Tin Mining Stock Certificate

Inv# MS1043   Stock
State(s): Delaware
Years: 1950's-60's
Color: Blue or Brown

Famous Tin Mining Stock. Company related to famous super wealthy Tin Mining King Simon Ituri Patino. Vignette of miners at work. Rare!! Based out of Bolivia. Started by Simon Patino in 1926. Available in Blue or Brown. Please specify color.

Simón Iturri Patiño (1 June 1862 – 20 April 1947) was a Bolivian industrialist who was among the world's wealthiest people at the time of his death. With a fortune built from ownership of a majority of the tin industry in Bolivia, Patiño was nicknamed "The Andean Rockefeller". During World War II, Patiño was believed to be one of the five wealthiest men in the world. Patiño's biographers are not in agreement on the details of his early life. Many wrote that he was a cholo, with a mixed Quechua and Spanish heritage, and born to a poor mother, while his authorized biography holds that he was solely of European ancestry, and the son of a provincial leader. He was actually the illegitimate son of Eugénio Iturri, a Basque, and María Patiño, from Cochabamba. Before entering the mining industry, he either managed a store in Oruro, or spent years in private schools.

Eventually, Patiño started in mining with Compañía Hunanchaca de Bolivia, a silver company, and then with Fricke y Compañía. Patiño was assigned to collections for the store, and in 1894, he agreed to accept a deed of land in compromise for a $250 debt owed by a prospector. The deed turned out to be for the rocky side of a mountain, and Patiño was fired from his job for settling an account in exchange for a worthless piece of property. Legend has it that Patiño was forced to pay back the store from his own funds, and was stuck with his own bad bargain. Read more at https://en.wikipedia.org/wiki/Sim%C3%B3n_Iturri_Pati%C3%B1o

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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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $8.50