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The marking of this mine as being Granite Mine helps date this folder to be made after the Woods Investment Company had to sell their flag ship, the Gold Coin Mine, in the center of the town of Victor. Because this view is really of the Gold Coin Mine, rebuilt in brick after the 1899 fire which burned down the first version of this once famous mine.

Around early December 1905 it is reported that the Granite Gold Mining Company has purchased the Gold Coin shaft together with 13 acres of land in the District.

In early December 1920 it is reported that the former plant at the Gold Coin shaft, believed the most costly in this district, constructed at a cost of $260,000, is now being dismantled and the building, a steel and pressed-brick structure in the city of Victor, will be wrecked.