[meteorite-list] Ad Unusual Meteor Crater stock sale

[Jörn Koblitz]

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,

Jörn

_____________________________________________________ 

Jörn Koblitz
Managing Editor & Publisher
The MetBase Library of Meteoritics and Planetary Sciences
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D-28209 Bremen, Germany
Tel.:           +49 (0)421 24100 24 
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> -----Ursprüngliche 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

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