The U.S. Mining Scripophily and History Journal – Volume 2, No. 1 – January 2018

SAVE THIS DATE – JANUARY 26 & 27 2018 !!!

Announcing…..THE 17th ANNUAL
NATIONAL 
STOCK CERTIFICATE, BOND & 
PAPER MONEY SHOW
(Includes some Postcards, Americana, and Ephemera)
JANUARY 26-27, 2018
(Dealer set up 8 am Friday)

SHOW HOURS: 9 AM TO 6 PM FRI. JAN.26
                                             9 AM TO 4 PM SAT. JAN 27

Looking Back and Looking Ahead…

The year 2017 has been a slow one for the website.  It seems that the website took a lot more time than anticipated.  However, we are anticipating adding to the website more frequently in 2018.  Our first priority will be to establish a very basic gallery for each state.  Once that task accomplished, we will add more and more materials to the galleries.  Typically we will follow the states in alphabetical order.  We just posted the Goldfield Nevada Gallery.  This month’s post is the Utah, General Gallery.

I anticipate being at the show on both days and hope to see you there.  The show is a great way to start your collecting year!     

Collecting Basics….”History for the Buck” …

Low priced certificates often have a lot of history.  An example is the Parrot Silver and Copper Company of Butte, Montana.  This company was a significant producer and was one of the mines that was merged into the Amalgamated Copper Company in 1908 and later the Anaconda Consolidated Copper Company.   The Parrot certificates are interesting and may typically be obtained for less than $10 each.

Collecting Basics….”Assessments” …

A lot of mining stock certificates have the wording “Fully Paid and Non-Assessable.”  This means that the purchaser of the certificate has no financial obligation to the company that issued the certificate.  In the event that the company could not make it with the capital gained from stock sales that was it.

A shares are assessable often have the word “assessable” on the certificate.   Company Assessments are handled in different ways.

The certificate lists a payed in value at purchase and the assessments are paid until the par value (usually $25) is reached.

These include tape and overprints of paid in value of the par value; this practice is common in the Copper Country of Michigan.

 

 

 

This Utah used stamps with dates showing the assessments were paid.

Out west, assessments are made and the certificate is stamped with a rubber stamp or a sticker is glued to the certificate.

Best Wishes in 2018!  I hope to see you at the SHOW!

  • Jim Rakestraw

 

 

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