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Lot 102: LONDONDERRY GOLD MINE LTD

Auction No.57 of Antique Stocks & Bonds

by Boone Shares - The Scripophily Center

October 29, 2016

Brussels, Belgium

Live Auction
Sold
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Description: 22 April 1895 WESTERN AUISTRALIA. COOLGARDIE/LONDON. Warrant of 25 shares of £1. green, black. No 150568-592. Central fold. In 1894 a party of unsuccessful prospectors camped on their way to Coolgardie, and one man scraped his heel in the ground. He saw gold. The spot was very rich, and the party dug out all they could. They applied for a lease, and the new deposit became public knowledge, leading to a local gold rush. No one could see any gold, but it was claimed that a lot of gold was in the bank for safe keeping. A London entrepreneur, Lord Fingall, who was in the area, bought the claim for £100.000, and sealed up the hole. This company was floated in London and Paris late in 1894. After the successful stock-exchange launch, earning £700.000 from investors, the hole was unsealed, and- no gold! All had been taken out, and the hole was worthless! Thecompany continued to look for gold, but found none, and was liquidated in 1899. View of a mining-camp in the bush, and two coats-of-arms. One of the coats-of-arms includes a skeleton- perhaps an investor in the company?

Condition Report: VF-EF

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