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Auction: Saturday, Nov. 3, 2001, 10 a.m., Reno, NV Absentee Bids Due: Thursday, Nov. 1, 2001, 6 p.m. PST Preview: Friday, Nov. 2, 2001, 5 to 9 p.m., Reno, NV |
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CALIFORNIA |
INGOTS We
are very happy here to offer an exceptional array of original gold and silver
ingots. Several of these are important ingots are exceptionally rare, not
seen in the marketplace before. The stories they have to tell offer an exciting
look at the mining industry in the 19th and early 20th centuries. We spent an inordinate amount of time researching
ingots for this sale and for an article I wrote in Coin World, published
September 24, entitled Disputed Smithsonian Bars Genuine. While searching records at the National Archives
in Washington, College Park Maryland, and Santa Clara, California, we were
able to ascertain that significant pieces of the historical record are present,
potentially useable to trace specific ingots, particularly those of the
San Francisco Mint and Assay Office. While more than three days were expended,
I found that it was a warmup. We need another two days to fully investigate
ingot sourcing material. Hopefully,
future consignments of ingots will allow us the pleasure of unlocking the
historical identification of some of these US Assay Office and US Mint San
Francisco ingots. 902. Copper
Ingot. 1622 Atocha Copper ingot. On September 6, 1622, the heavily laden treasure
galleon of King Philip IVs Tierra Firme Fleet struck a reef and sunk in
a raging storm. Two hundred and
sixty people perished and tons of gold, silver and other precious cargo
were lost to the sea. All attempts
to locate the shipwreck failed until the discovery of the primary cultural
deposit on July 20th, 1985. The
Nuestra Seņora de Atocha had a number of copper ingots on board,
which were valued the same as silver. These
ingots were cast from copper mined on Cuba, and poured in crude sand cast
moulds. Many retain the shape of the shovel impression
in the sand. Copper was as important
as silver because it was used in the making of bronze, an alloy necessary
for the making of cannon. In 1622,
copper was scarce, in some cases even more so than silver. It was not until later in the 17th century
that the great copper deposits in Europe were found. This ingot is 20 x 10 x 3. It
weighs about 80 pounds and shows oxidation of the elements. A L 86 165 on the top. Est. $800-1000 903. Gold
Ingot. Armstead Mill/ Lewiston
Wyo./ Dec. 25, 1915. On the
side is engraved Genevieve C. Phipps
29mm x 15mm x 9mm thick. 1.79 troy ounces. Probably 90% gold. This
is a classic presentation ingot. Lewiston was an active placer gold area
in Fremont County, about 5 miles south of the famous South Pass district,
and 12 miles south of Atlantic City. .
About 1905 a few lode claims began development. The two most active
districts in Fremont were the South Pass and Atlantic City. In 1907 the
railroad was completed, allowing for greater access to Lewiston, which had
been extremely isolated. The Burr mine was among the first producers at
Lewiston, becoming active about 1907. The town was never more than a local
mining camp. Today it is on fenced private property.
An article in Mining & Engineering World, November
27, 1915 reveals the story of this ingot. A test run being made by H. H.
Armstead of ores from his several gold properties at Lewiston is making
good progress. The mill and cyanide
plant have been running about 18 days and the final cleanup will be made
in about 2 weeks. Armstead was expecting to redo the crushing circuit in
the spring. This is a first mill-run ingot, made from the
first ores processed in the mill. 904. Silver
Ingot. Early silver ingot without
mine or company name, circa 1870. 55mm x 14mm x 15mm. Oxidized. On top
face: Value $5.02 Right face:
Silver 945 Fine Left face: Oz 3.62/ Gold 008 fine
(weight verified) This is
a classic dore bar complete with metal impurities. It was possibly used
as an exhibition ingot displayed next to ore specimens at a fair or exhibition.
It bears no resemblance to known forgeries that
I am aware of. It shows signs of having been out in the open, perhaps
in a mineral display case, with a thick crust of silver oxide, similar to
iron oxide coatings on buried or sea salvaged gold bars. It does not show
signs of chemical oxidation typical of some forgeries.
Speculation of the source of this ingot is nebulous. Deposits such
as Mineral Hill carried this approximate ratio of gold and silver, but the
impurities rule out that location. One of the silver regions of Colorado
is also a candidate, but further study would be needed. Est. $750-1500 906. Silver
Ingot. Thorne Mining and Refining
Co., Arizona. 8.07 oz. .999
Fine. Serial number 231. These ingots are fairly common, with more than
20 known. There are at least three gold ingots of the same design, also
made with refined metal. These are not dore bars made by the Thorne Mining
Companys mill, but are refined metal perhaps from the Thorne refinery.
We believe these ingots were made for promotional purposes and sold either
at the refinery or at a local marketing establishment.
The Thorne ingots have been attributed to Prescott, Arizona from
the 1890s. We were unable verify this, and assume it was an assumption
by prior writers, rather than hard fact.
We found two companies of similar name, and a miner and prospector
with the same name. A) Dan C.
Thorn (e) (spelled both ways) was a miner in the Congress and Prescott area
from the 1890s through about 1905, living in the Eureka district not too
far from Bagdad, the site of a major open pit copper mine in later years.
Dan Thorn sold his claim groups in Congress in 1895-7 which were bought
by the C. Clark Distillery of Illinois.
Thorn lived in Prescott for some time. His father built the Palace
Bar, a well known watering hole. There is no record of a Thorne Mining
& Refining Co. in the Prescott records. [ref: Arizona Mining Directory
of 1903 by Millward; Sharlot Hall Museum (Prescott) biographical file
on Dan Thorn(e). B)
The Thorne Copper Mining & Reduction Co. was
based in Hawthorne, Esmeralda Co., Nevada. Stevens in 1908 wrote that this
company had some twin companies with similar names that were all active
around Walker Lake. We were unable to find specific reference to the Thorne
Mining & Reduction Co., but it could certainly be one of the Esmeralda
properties. [ref: Copper Handbook v8 p 1317]
C) A third reference needs to be checked out. There was a Thorne,
Alaska that was an active gold area. In 1927-8, the Thorne Arm Mining Co.
was active on the Thorne Arm on Revillagigedo Island. [ref: Mines Handbook
p235] More work is needed to identify the source
of this ingot. The commonality suggests a marketing venture. Est $600-1200 907. Silver
Ingot. U.S. Assay Office, San
Francisco Large silver ingot. U.C. 93 930.50 fine ounces troy, 895.75 fine. The serial number U.C. 93 is stamped on one
end also. No marks on the reverse. 3.5
thick x 5 wide x 11.75 long. Light rust covered on 90%. Rust stains from
the impressions of twelve $20 gold coins on the surface, each 34mm. The
finished surface is slightly pitted. Because of the pitting and rust, it
is obvious that this ingot is a salvaged piece, probably sea salvage. The
ingot has the appearance of three cold joints, indicating the possibility
that the ingot was made from four different pours, highly unusual. This
may have happened because of the lack of a proper size crucible at the US
Assay Office. The may have had to use one or more smaller crucibles instead
of the normal 1000 ounce capacity crucible. Dating the bar is difficult.
We visited the National Archives in the Bay area, but were unable to specifically
locate this ingot in the records. The 550 plus boxes of San Francisco Mint
records take considerable time to go through, and for myself, is like being
a kid in a candy shop. It appears to pre-date 1933, predating the
Gold Reserve Act because of the presence of the gold coins. We have never
seen one of these large silver ingots before, and suspect that most, if
not all, were melted, certainly by the 1981 $50 per ounce spike in silver
price. We reviewed many of the western collections, as well as auction catalogs,
and have found no comparable pieces. Extremely Rare. The ingot contains
$3750 in silver at todays price. (I was close to getting specific information
on this ingot at the National Archives, but jaws too close to press time
fh.) Est. $20,000-40,000 908. Silver
Ingot. U.S. Assay Office/
155 Hermann St./ San Francisco Calif/ Jan 22, 1968, punched on top. Large and flat. On the reverse is $142.00 and 109.67 oz (troy). This is not the usual SF Assay office ingot,
and does not have the official ASAO, SF punch. We have heard stories of
unmarked silver ingots coming from the USAO and Mint, but are unable to
confirm them. This may also have been used in an exhibit. We cannot verify
it without much more information. Est. 1000-2000 909. Silver
Ingot. US Mint, San Francisco,
1959. . 999.5 Fine silver. No weight stamped on reverse,
5.72 oz troy. This ingot has the
San Francisco 1959 Mint punch. 2
1/4 x 1 1/4 x 1/4 wide. Est.
$400-750 910. Silver
Ingot. US Mint, San Francisco.
#713. 999.5 fine silver. US
Mint logo stamped at top. 2 x 1 x 3/4. [confirmation
weight 6.66 oz, on calibrated scale] Small US Mint ingot. The Mint punch
shows significant wear. The ingot was poured in a five ounce mould, showing
the signs of over pouring. Older style Mint punch, but date uncertain. Other
catalogers have called this style circa 1880-1900, but without proof. Est.
$500-1000 911. Inyo(?) Silver lead Ingot Mould, with the letters
O & Mo M & S Co, 28 x 6 x 5, found in the Swansea /Keeler
area years ago. We were unable to
find this mine designation in any of our references, which includes all
of the Mineral Resources West of the Rocky Mountains series 1867-1875,
The Reports of the Director of the Mint 1880-1885, the Reports
of the State Mineralogist (California) 1882-1896. We are also unable
to speculate, and are stumped. Nonetheless, these moulds are very
rare. This was a silver-lead mould, dating from about 1880-1900, but could
be older. It was for large ingots or bars just like the Cerro Gordo ingot
in this sale. Est. $300-600 912. Inyo. Cerro Gordo. Union Mine, Cerro Gordo, 85-pound silver-lead dore ingot
dating from an uncertain period between the late 1860s and about 1885. 24 x 4 1/1 x 3. In excellent condition. This ingot was a classic discovery about
40 years ago. A gentleman found about 11 Cerro Gordo ingots on the surface
of Owens Lake after it first dried up, using a metal detector. There were
about 4 different company names stamped into the bars using embossed moulds
similar to one in this section of the sale. The bars have since been disbursed
to museums and collections. This is from the D. Beach Collection in Bishop.
The Union was the most important mine in Cerro Gordo. It began production
early in the 1860s as one of the first discoveries in the district. Massive
silver bearing galena was produced here for about 20 years until the ores
began to run out. A smelter was built nearby at Swansea, but most of the
ores produced in later years went to Selby Lead in the Bay area for refining.
These bars were probably headed for Selby and produced from the later period,
as they carry only a small amount of silver, typical of deeper mining at
Cerro Gordo. With the permission of the consignor, we had a bullion analysis
run on this ingot. Bullion analyses are the only acceptable method of assay
of ingots in the mining and metallurgy businesses. These special assays
measure specific amounts of separated metals in a specific sample size allowing
very specific calculations of metal content. Settlements between mining
companies and the smelter and refiners are only made with bullion analyses.
This ingot carries 0.001% gold, 0.578% silver, 97.78% lead, 1.17% copper.
The remainder is probably zinc, for which we did no analyses. Zinc is the
usual accessory metal in silver-lead deposits. The silver contained within
this ingot is about 5.5 troy ounces. The gold is negligible, but present.
The presence of gold, copper and probable zinc shows this ingot to be a
classic mine silver-lead dore bar, an ingot poured at the mine. The analysis
was made by drilling eleven holes in the back of the ingot, which do not
show on presentation. This is a classic Inyo ingot, remnant of a very famous
mining camp. Est. $2000-4000 913. Los
Angeles. Los Angeles. Calkins Co. of Los Angeles, 20 Ounce ingot
mold. Circa1905. Approximately 2 tall by 3 x 5. 2 deep. Small
mold with rounded corners. Small
chip out of top edge near company name. Contrary to popular belief that molds with rounded corners are fake,
this mold is in fact authentic and extremely rare. Est. $100-300 914. Mono.
Casa Diablo. Casa Diablo Mine photographs. Two original mounted photographs of a Casa Diablo gold ingot
and of the Casa Diablo hoist house, circa 1908. The Casa Diablo was a late
discovery, coming about 1905. In the October 19, 1905 issue of the Inyo
Independent, they touted new excitements at Casa Diablo. By 1907 they were declaring it a bonanza, and
referring to the mine in the Casa Diablo district. By April of 1907, a new
town site popped up there called Fohrman. About that time the Casa Diablo
Gold Mining Co. was formed. They began construction on their mill in September
1907, completing it in December, with the first mill cleanup in April. By
mid 1908 the mine was in full production with about 40 men spread between
the mine and mill. They produced bullion for at least two years. This choice
ingot from the Casa Diablo mine shows the mine name in bold print. Note
the assay chips in the diametrically opposed corners. The fellow in the
hoist house has his bell signal sign behind him (should be in front). Excellent
condition. Special thanks to David Wright of Great Basin Research of the
Ghosttowns.com internet site. We recommend this site for more detailed reading
about western ghost towns. These guys have taken the time to cite news articles
in mining camp newspapers such as the Inyo Register. Est $300-500 915. Nevada. Nevada Silver Co. 4.23 oz (verified) ingot of silver, 999 fine.
The ingot has the typical Nevada Silver Co. logo with an eagle in a circular
punch pattern. 999 fine/ 4.23/ val. $5.45 is below the logo. The ingot
measures 53mm x 30mm x 8mm thick. On the reverse is silver/ 999/ fine
There are no markings on the edge. This ingot carries no ingot number,
which is conspicuous, but helps tell the story. I have seen everything written
about this ingot, but little of it fact. Stories abound about mines in Lida,
Tonopah and Goldfield. But it appears to be much simpler. The Nevada Silver
Co. was formed here in Nevada (Reno), probably as a silver promotional company.
In the 1930s, a number of companies, particularly in the west, decided to
take advantage of the potential for a rise in the price of silver by making
silver rounds. Companies like Pedley-Ryan in Denver and Sterling Investment
Co. in Reno were openly promoting the sale of silver in bulk by buying their
rounds. The book So-Called Dollars by Hilber-Kaplan details the
stories of several of these companies. We believe the Nevada Silver Co.
was the same as Pedley-Ryan et al, selling silver in quantity for investment
purposes. These ingots have slowly been taken up by collectors. Paul Franklin
reported to me years ago that he had about 50 of them in the 1950s that
he got out of a safe in Tonopah which he sold long ago. They remain a popular
first half of the twentieth century silver ingot. Est. $500-800 NEVADA 917. Ormsby. Carson City. Silver Coin, One Ounce.
A Tribute to Nevada Miners/(pic of miner swinging a pick)/Adolph
Sutro/1880-1898//Presented to the State of Nevada. Carson City/(pic of complex
modern mining scene)/The Nevada Mining Industry October 31, 1983. Rd, silver.
Proof in case. Est. $50-100 |
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