[meteorite-list] Ad Unusual Meteor Crater stock sale

From: Jörn Koblitz <koblitz_at_meteoritecentral.com>
Date: Fri, 4 May 2007 16:47:53 +0200
Message-ID: <492FFD0696089A4CB72BDBDCB2FC1A14269E16_at_server2000>

Dear Mike,

I may be interested in the (first) stock #16. What is the price and do you have an image?

Best wishes from hot & sunny Bremen,

J?rn

_____________________________________________________

J?rn Koblitz
Managing Editor & Publisher
The MetBase Library of Meteoritics and Planetary Sciences
Benquestrasse 27
D-28209 Bremen, Germany
Tel.: +49 (0)421 24100 24
Fax: +49 (0)421 168 2799
Mobil: +49 (0)173 214 9805
E-Mail: koblitz at metbase.de
Web: http://www.metbase.de
 <http://www.metbase.de/>




> -----Urspr?ngliche Nachricht-----
> Von: meteorite-list-bounces at meteoritecentral.com
> [mailto:meteorite-list-bounces at meteoritecentral.com]Im
> Auftrag von Mike
> Jensen
> Gesendet: Freitag, 4. Mai 2007 16:27
> An: meteorite-list at meteoritecentral.com
> Betreff: Re: [meteorite-list] Ad Unusual Meteor Crater stock sale
>
>
> Hi All
> I wanted to offer out a really unusual piece of Meteor Crater history.
> I have a stock certificate from Meteor Crater Arizona. I know some of
> you think you know quite a bit about these stocks. But my guess is
> most of you have never seen this one.
> Everybody is familiar with the Orange and Blue "Meteor Crater
> Exploration and Mining Company" stocks. They are actually quite common
> when compared to this completely separate company.
> Now for a little history. Most people know that Barringer started
> drilling in 1905 in the bottom of the crater. Of course he was looking
> for the "main mass" of the meteorite. At this time he used mostly his
> own money. When he ran out of money he then persuaded the US Smelting,
> Refining and Mining Company to do some drilling on the top of the
> south rim of the crater. He realized that the meteor came in at an
> angle from the north so it would be under the south rim.
> Early in 1920 USSR & MC were given a 4 year lease by Barringer with
> the requirement
> that they spend at least $75,000 on the project. They actually spent
> $175,000 trying to find the mass! One of their drill holes struck
> something that was quite hard. It locked up the drill bit to the point
> that it had to be abandoned. Then, finally, in Nov. 1922 they packed
> up and left never to return.
> Here is where the stock portion of the story comes into play. The USSR
> & MC issued stock in 1920 and 1921 for the Crater Mining Company. I
> have only seen 5 different stocks in over 10 years of searching for
> them. They appear to be issued in numerical order. All are issued to
> the parent company except for the first one which is issued to the
> president of the parent company, P E Coyle. The numbers of these
> stocks are 1, 14, 16, 19, and 20.
> It was not until May 1926 that Barringer formed a separate company
> known as the Meteor Crater Exploration and Mining Company. These are
> the stocks that everyone is so familiar with. In fact a guy was
> selling photo copies of both types on Ebay for quite some time. Most
> of these stocks are for one share (original price $100.00 /share) for
> the preferred
> stock and were sold to individuals. They also were required to buy
> another share of the common stock($1.00 /share) as well. That
> is why it
> is not uncommon to find them as a set from the same individual. That
> is another reason there are so many more of the MCE & MC
> stocks. But more
> importantly most were sold to individuals in 1 to 2 share increments.
>
> I will be offering two of these original and very rare Crater Mining
> Company stocks for sale. I will offer the first one at a lower price
> and the second one at a much higher
> price. So if you are at all interested in a stock please let me know
> ASAP. Please email me for prices and images.
>
> So don't miss your chance to own a piece of this incredible original
> Meteor Crater historical document. I am selling these two stocks #16
> (Nov. 8, 1920) &
> #20 (Apr 23, 1921). Both have been folded in 1/3 as was common for
> this era. They also have tiny pinholes (staple?) in the upper left
> corner. Stock #16 is very clean while #20 has an ink smudge in the
> lower right corner. Please email me for images and a price quote.
>
> --
> Mike
> --
> Mike Jensen
> Jensen Meteorites
> 16730 E Ada PL
> Aurora, CO 80017-3137
> 303-337-4361
> IMCA 4264
> website: www.jensenmeteorites.com
> ______________________________________________
> Meteorite-list mailing list
> Meteorite-list at meteoritecentral.com
> http://six.pairlist.net/mailman/listinfo/meteorite-list
>
Received on Fri 04 May 2007 10:47:53 AM PDT