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Pennington Gold Mining Co. - Castle Creek, Pennington County, Dakota Territory - 1882 dated Stock Certificate

Inv# MS1696   Stock
Pennington Gold Mining Co. - Castle Creek, Pennington County, Dakota Territory - 1882 dated Stock Certificate
State(s): Dakotas
Years: 1882
Color: Pink

Stock. Mines located on Castle Creek, Pennington County, Dakota. Choice! Rare!

Castle Creek is a tributary of Rapid Creek, approximately 14 mi (23 km) long, in western South Dakota in the United States.

It rises out of Deerfield Reservoir, in the Black Hills in Pennington County approximately 15 mi (24 km) NNW of Custer. It flows north and east, joining Rapid Creek approximately 4 mi (6.4 km) west of Silver City.

Castle Creek received its name on account of castle-like rock formations of the nearby canyon.

Pennington County is a county in the U.S. state of South Dakota. As of the 2020 United States Census, the population was 109,222, making it the second-most populous county in South Dakota. Its county seat is Rapid City. The county was created in 1875, and was organized in 1877. It is named for John L. Pennington, fifth Governor of Dakota Territory, who held office in 1875 when the county was formed.

Pennington County is included in the Rapid City, SD Metropolitan Statistical Area. It is also the location of Mount Rushmore.

In 1874, US Army commander George A. Custer led a group into the Black Hills area. He and some of his officers climbed the crest now called Black Elk Peak, and made a toast to US General William S. Harney. They named the peak for Harney, and this name was used until 2016. This expedition reported that gold could be found in the Black Hills, which spurred a gold rush into the future county area. The mining settlements that sprang up were in violation of a treaty signed with the Sioux Nation in 1868. By 1875, settlement was sufficient to justify creation of a local governing organization, so Pennington County was created on January 11, 1875, and it was fully organized by April 19, 1877. The county's boundaries were adjusted in 1877 and in 1898.

The county seat was initially at Sheridan, a mining camp. (Sheridan is credited with hosting the first Federal Court west of the Missouri River.) In 1878, the county seat was moved to Rapid City.

In 1923, Doane Robinson, superintendent of the SD State Historical Society, began promoting the concept of a giant sculpture carved from a Black Hills mountain. By 1927 this concept took substance, when work on Mount Rushmore began.

Shortly after the US entered World War II, an Army training airbase was established in Pennington County. It has continued until the present, now known as Ellsworth Air Force Base. Supporting this activity has provided a substantial portion of the county's economic base since that time.

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Condition: Excellent

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.
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