|Name||"The Famous Tin Mountain Mine" Absolute Real Estate Auction|
|Auctioneer||Bradeen Real Estate & Auctions|
|Type||Live Webcast Auction|
|Date(s)||9/14/2018 - 9/18/2018|
|Live webcast bidding will begin on Tuesday, September 18, 2018 at 10:30AM MDT. Online pre-bidding available beginning on Friday, September 14, 2018.|
|Preview Date/Time||Auctioneers/Brokers will be at the property on Tues. Sept. 4, Thurs. Sept. 13 and Mon. Sept 17 from 1-3 pm each day, or by appointment. OR, feel free to inspect the property at your convenience, property corners are marked with blue/white ribbon, maps available onsite. USE EXTREME CAUTION ANYWHERE ON THE PROPERTY AND ENTER THE MINE AT YOUR OWN RISK! We encourage you to stay on established trails and not to climb any tailing or ore piles, etc.|
|Checkout Date/Time||Successful bidder(s) shall deposit 15% irrevocable earnest money upon conclusion of the auction, with the balance due on or before October 19, 2018. Wiring instructions can be provided upon request.|
|Location|| 447 Crook St
Custer, SD 57730
|Buyer Premium||No Buyer's Premium Charged|
BLACK HILLS OF SOUTH DAKOTA - Joyce L. Chord Estate
"The Famous Tin Mountain Mine"
24.75 Prime Timbered acres - Pond - Secluded
Offered In 3 Tracts & 1 Unit
TUESDAY · SEPTEMBER 18, 2018 ·10:30 AM MDT
Auction held at the Custer County Courthouse Annex, 447 Crook St., Custer SD
The Tin Mountain mine, a rare element granite pegmatite mine, is situated on 24.75 prime timbered acres with a pond in the beautiful Black Hills, 7 miles west of Custer, South Dakota. The property is surrounded by National Forest land. This 24.75 acre Tin Mountain Mine property consists of three contiguous mining lode claims: The Empire Load Mining Claim No. 552; The Tin Mountain Lode Mining Claim No. 553; and The Fractional Tin Lode Mining Claim No. 554, all located in Sec. 35, T3S, R3E, Black Hills Meridian, Custer County, SD. The Tin mountain mine features a large mined cavern with a wide variety of exposed minerals. There are several piles containing mineral ore from the mine on this 24.75 acre property as well.
Tin Mountain is a family owned mine, having been in the Chord Family since 1964. The late Donald R. Chord Sr. & and his wife, Joyce L. Chord, primarily ranched in the area, and allowed only a minimal amount of mining under their ownership, mostly gravel & Mica sales from the mineral bearing ore piles.
Tin Mountain contains a large variety of minerals. It has been studied extensively, drawing geologists from all over the United States and different parts of the world to study its unique formation and mineral content. Many articles have been written about Tin Mountain. Geology professors and students, especially from the School of Mines and Technology of Rapid City, South Dakota, have participated in field studies at Tin Mountain, accumulating a wealth of information and writing large quantities of research. Tin Mountain Mine was also the subject of investigation and exploration as part of a geological survey done for the United States Atomic Energy Commission, in 1963.
Auctioneers Note: The diversity of minerals is what makes the Tin Mountain Mine unique from any other mine. The location, pond, timber, seclusion and natural beauty offered is also relevant. The Chord family has chosen the auction method of marketing, giving all a fair and equal opportunity to own this sought after property. This is certainly a unique and desirable investment property. Inspect this interesting and exciting property, have arrangements secured and be prepared to bid auction day! ---REGISTRATION---
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|Bid Amount||Bid Increment|
|0.00 - 9,999,999.99||5,000.00 USD|
|Buyer Premium||No Buyer's Premium Charged|
Property offered at Public Auction to settle the Estate of Joyce L. Chord. Property offered in 3 tracts (claims) and as 1 unit, selling in the manner realizing the greater return. Property sold subject to confirmation by the District court of the State of SD, which confirmation will be sought immediately upon conclusion of the Auction. Successful bidder(s) shall deposit 15% irrevocable earnest money upon conclusion of the auction, with the balance due on or before October 19, 2018. Marketable title will be transferred by Personal Representative Deed. A policy of Title Insurance will be furnished by Seller and is available for inspection. 2017 and prior years taxes paid, 2018 taxes prorated to closing date, based upon the most recent levy available. Descriptions and information are from sources deemed reliable, however, neither the Seller nor Auctioneer/Brokers are making any guarantees or warranties, actual or implied. Property sold "As-Is". Inspect the property to the extent deemed necessary, both on and off premise and rely upon your own judgement when bidding. Announcements made at the auction take precedence. Preview Dates/Times: Auctioneers/Brokers will be at the property on Tues. Sept. 4, Thurs. Sept. 13 and Mon. Sept 17 from 1-3 pm each day, or by appointment. OR, feel free to inspect the property at your convenience, property corners are marked with blue/white ribbon, maps available onsite. USE EXTREME CAUTION ANYWHERE ON THE PROPERTY AND ENTER THE MINE AT YOUR OWN RISK! We encourage you to stay on established trails and not to climb any tailing or ore piles, etc. Auction Dates/Times: Live webcast bidding will begin on Tuesday, September 18, 2018 at 10:30AM MDT. Online pre-bidding available beginning on Friday, September 14, 2018. Checkout Dates/Times: Successful bidder(s) shall deposit 15% irrevocable earnest money upon conclusion of the auction, with the balance due on or before October 19, 2018. Wiring instructions can be provided upon request.