107.2 oz (1886) Peerless Silver Mining Co. Ingot
(1886) Peerless Silver Mining Co. Silver Ingot. 107.2 Ounces. A page and a half Certificate of Authenticity accompanies this ingot, signed by Donald H. Kagin, and dated 5/27/97. This COA is the source of what we base this description on, quoting in part:
“The silver in this ingot came from the Peerless mint in Quijotoa, Pima County, Arizona. … prospectors found ore here in 1883. [Owners of the mine, called the Silver Kings, are then listed as well as the company’s president.] Another close associate, and co-investor with the Silver Kings, was Nevada Senator John Jones. … It was Jones who filed the papers for the Peerless Silver Co. in Washington, DC in 1886. … Capital stock was 10,000 shares, available at 1000 shares at $10 each. … The presence of John Jones’ name on the Peerless Silver Co. corporate papers conclusively ties the Peerless Silver Mining Co. and Peerless Silver Company to the Silver Kings.”
In the center of the top side of the ingot is a round hallmark. According to the Kagin COA it reads: PEERLESS SILVER / WASH. D.C. However, all we can make out is PE__LES_ SILVER. It appears some figure was stamped into the center of the hallmark, but is now indiscernible because of the extensive corrosion. According to the Kagin papers, “The bar was found buried on private property in the San Francisco Bay area.” All six sides show evidence of heavy corrosion and discoloration. Trapezoidal in shape, at its widest the ingot measures: 75 mm x 165 mm x 37 mm.
Also accompanying this lot are two documents related to the Peerless Silver Mining Company. One is a stock certificate for three shares, dated 1882, and on the back is the transfer in 1884. Another document is a handwritten note from Fon du Lac, Wisconsin, dated 1883, for receipt of one hundred dollars to be applied to the Peerless Mine.
[12/2021] https://coins.ha.com/itm/ingots/-1886-peerless-silver-mining-co-silver-ingot-1072-ounces/a/1337-3459.s ($5,160)