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Quincy Mining Co. - 1852 dated Michigan Mining Stock Certificate

Inv# MS1955   Stock
Quincy Mining Co. - 1852 dated Michigan Mining Stock Certificate
State(s): Michigan
Pennsylvania
Years: 1854
Color: Blue and Black

Stock printed on blue paper. Choice! PMG Graded Stock. 55 EPQ About Uncirculated. The Quincy Mine is an extensive set of copper mines located near Hancock, Michigan. The mine was owned by the Quincy Mining Company and operated between 1846 and 1945, although some activities continued through the 1970s. The Quincy Mine was known as "Old Reliable," as the Quincy Mine Company paid a dividend to investors every year from 1868 through 1920. The Quincy Mining Company Historic District is a United States National Historic Landmark District; other Quincy Mine properties nearby, including the Quincy Mining Company Stamp Mills, the Quincy Dredge Number Two, and the Quincy Smelter are also historically significant.

The Quincy Mine was founded in 1846 by the merger of the Northwest Mining Company and the Portage Mining Company. Due to poor communication between government offices, these two speculative mining companies had purchased the same tracts of land during the mining rush of the early 1840s. The directors met and decided to merge, with significant investment coming from Massachusetts (the town of Quincy, Massachusetts lent the mine its name). While many other copper mines were founded at the same time, the Quincy Mine became the most successful of the 1840s-era mines, and was the country's leading copper-producing mine from 1863 (when it exceeded the production of the Minesota Mine) through 1867 (after which it was exceeded by the Calumet and Hecla). Read more at https://en.wikipedia.org/wiki/Quincy_Mine

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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.
Price: $149.50