Canyon Diablo Meteorite and Very Rare Devils Canyon Stock Certificate
Meteor Crater, Coconino County, Arizona
Devils Canyon, was true to its name as it pertained to businessman Daniel M. Barringer at the turn of the 20th Century. Barringer reasoned that an enormous mass weighing millions of tons was responsible for the huge crater, and believed this mass, worth a fortune in iron and nickel, lay beneath the craters base. In 1903, Barringer filed a mining claim on the site that later became known as Barringers Crater, and drilling commenced in 1905.
When Barringer had exhausted his own funds he sought outside financing to recover the elusive mother lode. In 1920 he convinced U.S. Smelting, Refining and Mining to participate. In what was the first round ever of corporate finance and matters extraterrestrial, U.S. Smelting issued a limited amount of stock in the Crater Mining Company in 1920-21, primarily to the parent company. Less than ten such certificates are known to exist.
The company spent a small fortune drilling to no avail and after two years packed up, never to return. Barringer, however, did not give up. In 1926, he formed a new entity for which public funding would be required: Meteor Crater Exploration and Mining. As a result of both this public offering as well as the investor requirement to obtain common stock if preferred stock were purchased, such certificates are today common compared to the Crater Mining Company certificates.
Drilling continued for years, yet no large mass was ever found. Unfortunately for Barringer, science reveals that an asteroid far smaller than what he had imagined would possess sufficient energy to create a crater of such considerable size in the desert floormoreover, it would generate enough heat to vaporize much of its mass. Simply put, the mass for which Barringer spent the last thirty years of his life searching did not existbut this rare Crater Mining Company stock certificate does, as does this animated Canyon Diablo meteorite, with its gleaming exterior, an abundance of accents and a socket which most likely originated from the ejection of a graphite nodule. This meteorite is from the collection of Professor John Remo of the Harvard-Smithsonian Center for Astrophysics. Dr. Remo is an expert in NEOs (Near Earth Objects) as well as space warfare.
101 x 141 x 73mm (4 x 5.5 x 3in) and 2996 grams (6.6 pounds)