Item ID: 302694828522
Seller ID: boldventures
Listing Type: Fixed Price Item
List Date: 04-05-2018
End Date: 03-28-2020
Category: Mining
Location: Shelton, Connecticut
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Original meteor crater exploration & mining co. stock certificate (very rare)


$3,999.00
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Meteor Crater Exploration & Mining Company original common stock certificate In 1902, Daniel Moreau Barringer, a mining engineer, became very interested in a crater in Northern Arizona as a potential source for mining iron and nickel. Barringer believed that the crater was formed by a large meteorite impact and thought that the meteorite itself was buried deep beneath the crater floor. Barringer soon began making plans to mine the crater and filed four placer mining claims with the United States government (nearly 10 years before Arizona became a state), thus obtaining ownership over the two square miles containing the crater in the northern Arizona desert. Barringer spent the next 26 years attempting to find/mine what he believed would be a giant iron meteorite. He estimated the meteorite would weigh approximately 10 million tons and would contain huge quantities of iron and nickel. However, what he did not know was that the meteorite likely mostly disintegrated upon impact with the Earth, through vaporization, melting, and fragmentation. In 1925, the Meteor Crater Exploration & Mining Company was incorporated in Delaware to raise more capital to continue and expand Barringer's mining efforts. Drilling was started on the south rim of the crater and at a depth of 1,250 feet, Barringer reported increasing numbers of oxidized meteorite fragments. Days and weeks soon began to pass with little progress in deepening the drill hole however. Eventually, the drill bit jammed completely and the cable broke. Exploration of the crater was finally abandoned in late 1929, as all funds were exhausted and the potential for additional investors ceased, especially with the Great Depression setting in across the nation. D.M. Barringer died the following year. The property is still owned by the Barringer family, but is under the management of Meteor Crater Enterprises. Meteor Crater Enterprises now operates a museum and tourist center on the rim of the crater. The Meteor Crater Exploration & Mining Company common stock certificate for sale here: signifies the issuing of 1 share in the Meteor Crater Exploration & Mining Company to "C. D. Jackson" in November 1928is signed on the front by Brandon Barringer and Quincy A. Shaw and features the corporate sealwas printed by the Franklin Lee Division of American Bank Note Co.is an extremely rare piece of meteorite and mining historyis in very good condition with some minor wear consistent with age (slight fading, age spots, bent corner)Please see photos and do not hesitate to ask any questions you may have.

Country/Region of Manufacture: United States
Circulated/Uncirculated: Circulated