SECURITIES AND EXCHANGE COMMISSION
                      WASHINGTON, D.C.  20549


                               FORM 10-K



                 (x)ANNAL REPORT PURSUANT TO SECTION 13 OR 15 (d)
               OF THE SECURITIES EXCHANGE ACT OF 1934 (no fee required)



               For the fiscal year ended December 31, 2014
                    Commission File No. 001-10156



                        ORIGINAL SIXTEEN TO ONE MINE, INC.
                (Exact name of registrant as specified in its charter)



                   CALIFORNIA                            94-0735390
      (State or other jurisdiction of     (I.R.S. Employer Identification No.)
        incorporation or organization)

                     Post Office Box 909, Alleghany, CA  95910
                      (Address of principal executive offices)


                                    (530) 287-3223
                            (Registrant's telephone number)
                                (including area code)

Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the past 12 months (or for such shorter period that the Registrant
was required to file such reports), and (2) has been subject to such filing
requirement for the past 90 days.

                        N/A Voluntary Filer


As of December 31, 2014, 13,399,505 shares of Common Stock, par value $.03 per
share, were issued and outstanding.

<page>

PART I

GENERAL NOTE

In accordance with directive from the Securities and Exchange Commission
(SEC) and Industry Guide 7, reference for all intent and purposes to the
Company's employees as miners, its properties as mines or its operation as
mining does not diminish the fact that the Company has no proven reserves and
is in the "exploration state" as defined in Guide 7(a)(4)(iii).

ITEM 1:  BUSINESS

Description of Business

Original Sixteen to One Mine, Inc. (the Company) was incorporated in 1911 in
California. It mines gold on properties it owns in fee simple or on which it
has claims in the Alleghany Mining District, about 65 miles northeast of the
intersection of I-80 and California State Route 49.

The primary operation is the Sixteen to One mine from which more than 1,111,778
troy ounces of gold have been retrieved since the mine commenced operation in
1896.  It is a traditional hard rock underground mine where miners create
horizontal levels at various elevations and raise into favorable areas.  The
geology of the mineral deposit is well documented.  Gold is not distributed
evenly within the quartz veins; however, concentrations of gold deposits are
found scattered within these quartz veins.  Because the gold appears
intermittently, the Company has never declared reserves according to
contemporary industry standards. Most mining is exploration.

Operations are characterized by significant amounts of preparation, tunneling,
underground property maintenance and upgrading, all of which are necessary to
permit access to and extraction of gold.  The Company from time to time focuses
substantially all of its resources on infrastructure development and
maintenance, and during these periods, little gold is mined.  At other times,
miners are primarily exploring for gold.  Accordingly, business is subjected
to two very different cycles, one dependent on whether the Company is directing
its resources towards infrastructure or underground development and the other
as a function of gold production.  The operation resembles the classical "boom
or bust" cycles regardless of outside influences.

Metal detection technology enables exploration to detect gold from zero to 48
inches from quartz faces in the wall rock.  (The size of the concentration is a
factor).  The Company works with others interested in developing new
technologies for deeper penetration.  These arrangements allow the Company to
benefit from research activities without incurring the full costs associated
with research and development.

Advancement in metal detection technology has steadily progressed over the past
twenty years.  Greater sensitivity in metal detection has historically
increased gold production throughout the mine.  Since the Company lacks the
funds to carry forth scientific research, it is impossible to predict when a
new device will be developed; however, the hardware used in advanced gold
detection has continued to improve. In September 2012, the company completed
negotiating a service agreement with a technology start-up company based in
Silicon Valley, California.  It is a developer of deep sensing technology and
believes it can develop and demonstrate its ability to detect the presence of
gold at a range beyond ten feet through solid quartz.

This technology company has expertise in developing software algorithms which
will be applied to create and maintain a three dimensional digital map of the
mine. The objectives are to evaluate likely gold content, estimate potential
gold reserves and target most likely locations to drill patterns within the
mine to affirm an economic target.

For accounting purposes gold revenues are accrued when the metal has been
recovered.  For tax purposes revenues are not recognized until the gold is
sold. Rare highgrade gold and quartz is sold at a premium to museums,
collectors and jewelry manufacturers.  This market has become a significant
financial factor since its beginning in 1993.  Demand for the Sixteen to One
gold quartz gemstone is currently greater than the amount mined.

The Company lacks sufficient funds to implement major construction projects to
increase mining efficiency.  Sinking a new shaft in the center of the property
is one project.  Other mining related projects are: joining a public stock
exchange, building and testing a gold detector specifically designed for the
Sixteen to One vein and dewatering the levels that were left to flood.

Supplies and equipment used for underground exploration are commonly available.
Labor requirements are available.  The Company believes that within the Sixteen
to One mine substantial exploration opportunities exist.

No particular seasonality exists for the marketing of gold.  Business is not
seasonal except for the adverse effect of winter storms on the ability of the
crew to access the mine. Management believes it is in substantial compliance
with all applicable federal, state and local laws and regulations relating to
the environment.  The Company does not presently anticipate any material
capital expenditures for environmental control facilities, either for the
remainder of its current fiscal year or for the succeeding fiscal year.

The Company's executive office is located at 527 Miners Street, Alleghany,
California 95910.  It maintains a website: origsix.com.

Risk Factors

(a) Price of Gold

The daily spot price of gold has a modest effect on gross revenue if it's
between $1,000 and $1,300 an ounce.  A significant drop below $1,000 may have
an adverse effect on the Company's operation. Ore exceeds the bullion price due
to its value in the jewelry and specimen markets which are not significantly
affected by the spot price of gold.

(b) Lack of Proven Reserves

Because proven reserves are not utilized as a component for evaluating future
earnings or ore values, a sense of uncertainty of existence is perceived by
some.  Caution is recommended in using the doctrines of reserves as an economic
tool for valuing the Sixteen to One mine. While (i) the Company has recovered
over one million ounces of gold and (ii) management believes that substantial
additional virgin veins exists in the Sixteen to One mine, the Company has no
ability to measure using the mathematical tools generally recognized in the
mining industry; however, the company can prove that approximately seventy
percent (70%) of its vein system has not been developed.

(c) Governmental Regulation

The attached financial statements have not been audited by a Securities
Exchange Commission (SEC) accounting firm.  Therefore, the Company is not in
compliance with this SEC regulation for companies listed on an exchange.

Mining is generally subjected to regulation by state and federal authorities.
State and federal statutes regulate environmental quality, safety, exploration
procedures, reclamation, employees health and safety, use of explosives, air
quality standards, pollution of stream and fresh water sources, noxious
odors, noise, dust, and other environmental protection controls as well as the
rights of adjoining property owners.  Laws may change preventing or delaying
the commencement or continuance of given operations.

The Company is substantially in compliance with all known safety and
environmental standards and regulations.  There can be no assurance that future
changes in the laws, regulations or reckless interpretations thereof will not
have a material adverse effect.

(d) Liquidity

Gold inventory at December 31, 2014, was $247,069 primarily as specimens or
gold held as jewelry.  While history of actual cash sales supports an
inventory value exceeding the spot price, no such increases are used to compute
the inventory.  All inventory of raw material is recorded at spot price per
troy ounce.  In addition, contract manufacturing costs of jewelry are included
in the finished jewelry inventory.  Periodic shortfalls in liquidity occur
which are not likely to be bridged by institutional debt financing.  Management
addresses these issues as they arise.


(e) Price of Stock

Bids and offers are publicly recorded on the stock page of the Company's web
site.  Exposure is limited.  The price of stock may not accurately reflect its
fair market value because of the limited marketplace.  The company maintains
no program to support or promote its stock and is unlikely to conduct a program
until a public marketplace is secured.

There are conflicting bids, offers and trades between the Company's website
and the unregulated Pink Sheet Gray Market, ticker symbol OSTO.  Because of
these discrepancies the market price is unpredictable.


ITEM 2:  PROPERTIES

Properties

The Sixteen to One mine was incorporated into Original Sixteen to One Mine,
Inc. in 1911.  Properties acquired prior to 1925 are carried on the Company's
books at their original purchase price and are fully amortized through
depletion.

In 1999, the Company acquired the Plumbago mine in the Alleghany Mining
District, which is located approximately two miles southeast of the Sixteen to
One mine. The property includes a twenty-acre patented claim, mineral rights to
eight patented claims and sixteen unpatented claims.  The property has a
history of rich gold production.  The Company will pursue the potential within
this property when funding becomes available for exploration and development.

On June 22, 2005, the Company acquired the mineral rights to fourteen claims,
the patent rights to one claim and the mill of the Gold Crown mine, adjacent to
the Sixteen to One Mine. The Board of Directors decided that it is a long-term
investment and important to the long-term welfare of the Company.
No depletion has been applied to the Gold Crown or Plumbago properties.

The Alleghany properties consist of 26 patented claims (470 acres), 160 acres
of mineral rights on patented claims and approximately 320 acres of unpatented
claims.  The following table sets forth further information with respect to the
Company's mining claims.

PATENTED MINING CLAIMS OWNED 100% BY THE COMPANY

     NAME OF CLAIM                 NAME OF CLAIM

     Belmont                       Rainbow Fraction
     Number Three                  Twenty-One
     Eclipse Quartz                Eclipse Extension
     Tightner Extension            Contract
     Alene                         Valentine
     Red Star                      Bartlett
     Farnham Gold Quartz Mine      Belmont #2
     Contract Extension            Hanley Quartz Mine
     Noble                         Sixteen to One
     Groves Gold Quartz Mine       Denver
     Happy Jack Extension          Ophir
     Rainbow Extension             Happy Jack
     Marion Lode                   Sphoon

MINERAL RIGHTS - PATENTED CLAIMS

     NAME OF CLAIM               NAME OF CLAIM

     Standard Lode               Standard Lode Extension
     Gold Beater Lode            Clute Lode
     Hope Extension Lode         Crafts Lode
     Plumbago Mine Mill Site     Enterprise Quartz


UNPATENTED CLAIMS

     NAME OF CLAIM               NAME OF CLAIM

      Alice                     Alice Annex
      General Sherman N. Ext.   Jumbo
      No Better                 No Better Ext.
      Right Place               Wonder #1
      Wonder #2                 Wonder Goldmines MS

ITEM 3:  LEGAL PROCEEDINGS

NONE



ITEM 4:  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

Not applicable

PART II

ITEM 5:  MARKET FOR THE REGISTRANT'S COMMON EQUITY
AND RELATED STOCKHOLDER MATTERS

Market Information

Currently there is no public marketplace for the Company's common stock. Data
from 2005 through 2014 is based upon activity on the X-Mart posted on the
Company's web-site.

            1st Quarter     2nd Quarter     3rd Quarter      4th Quarter
            High    Low     High    Low     High    Low      High    Low
           ------  -----   ------  -----   ------  -----    ------  -----
    2014   $  *   $   *   $  .46   $ .54  $   *  $   *   $   .42   $  .42
    2013     .89     .89     .86     .65      *      *         *       *
    2012     .49     .49     .49     .49      *      *         *       *
    2011      *       *      .55     .55      *      *         *       *
    2010      *       *      .89     .45      *      *        .55     .50
    2009     .60     .45      *       *       .40    .40      .45     .60
    2008     .89     .75     .89     .75      *        *        *     *
    2007    1.00     .80     .95     .90     .90     .85      .88     .88
    2006    1.00     .75    1.00     .75    1.00    1.00     1.00     .95
    2005    .65      .60     .75     .50     .60     .60     1.00     .40




* No trades took place on the Company website in these quarters.


ITEM 6:  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATION

Balance Sheet

Original Sixteen to One Mine, Inc. is a distinct company in that it is the
only operating company of its kind remaining in the United States.  Management
believes that the assets of the Company are understated due to the age of
acquisition.  The Company celebrated its 100 year anniversary on Oct. 9, 2011.
It is the oldest U.S. gold mining corporation. Gold inventory is recorded at
spot price despite proven additional value for specimen and gem-stone material
which is substantially greater than spot price.  On-hand jewelry is recorded at
labor plus gold cost.

No value is recorded on the balance sheet for timber.  The company owns 470
acres of prime forested timberland.  No value is recorded on the balance sheet
for the Company owned water-rights.  Reduced value is recorded on the balance
sheet for buildings, equipment and land.  No value is recorded on the balance
sheet for marketable aggregate and decorative stone currently stockpiled.  No
value is recorded on the balance sheet for goodwill.  Fixed assets are recorded
at historic cost less depreciation.


(A) Comparisons of 2014 with 2013.

Balance Sheet Comparisons

Assets:
Assetts decreased overall by $59,826 (9%) primarily due to decreases in
cash of $44,479 (100%) and a decrease in inventory of $53,650 (18%). The
decrease in inventory was primarily due to lower gold prices (valuation
adjustment) combined with a lack of production. These decreases were offset by
an increase in vehicles (Fixed Asset) of $52,982 (50%) as the Company purchased
a truck.

Liabilities:
Accounts Payable and accrued expenses increased by $178,571 (23%) as the
Company relied on vendors to carry some of its operating expenses. (see note 3
at the end of the financial statements)

Notes Payable related parties decreased by $58,170 (25%) as the Company paid
down a portion of this note. (see note 4)

Short-term notes increased by $343,094 (69%) due to additional loans plus
accrued interest of $13,094. (see note 6)


Long-term notes increased by $41,753 (32%) as the Company used bank financing
to purchase a truck.

Statement of Operations

Income:

For the one-year period ended December 31, 2014 compared to the one-year period
ended December 31, 2013, Gold and Jewelry revenue decreased by $185,199 (71%)
primarily due to a lack of gold production combined with lower gold prices.
Other revenue increased by $115,175 (288%) due to payments from a technology
company for reimbursed expenses.

Operating Expenses:

For the one-year period ended December 31,2014, compared to the one-year period
ended December 31,2013, operating expenses increased overall by $222,357 (43%).
This was primarily due to an increase in exploration activities in 2014
compared to 2013. Significant categorical increases were: Contract Labor
$123,131 (83%), Utilities $8,486 (18%), Mine Maintenance & Compliance $85,869
(216%) and Other Operating Expenses $19,528 (139%).These increases were offset
by the following decreases: Insurance -$8,279 (52%), Small Equipment & Tools
-$6,072 (26%), Drayage -$2,738 (10%) and Corporate Expense -$4,062 (29%).

Other Income and Expense:

For the one-year period ended December 31,2014, compared to the one-year period
ended December 31, 2013, other income increased by $37,472 (405%) due to the
write-off of a few vendor bills from previous accounting periods.

For the one-year period ended December 31,2014, compared to the one-year period
ended December 31, 2013, interest expense increased by $29,899 (169%) due to
increased borrowing in 2014. (See Note 6 at the end of these financial
statements).

The company showed a loss of $495,063 in 2014 compared to a loss of $208,661 in
2013. The $281,653 (137%) difference was due to increased exploration activity
in 2014 compared to 2013 combined with less gold production. The basic and
diluted loss per share was .037 in 2014 compared to .017 in 2013. The number of
shares used in both calculations was 13,399,505.

(B) Comparison of 2013 with 2012

Assets:
Assetts increased overall by $82,948 (13%) primarily due to increases in
cash of $39,598 (811%) and an increase in equipment of $66,804 as the Company
purchased a compressor and an excavator in 2013.

Liabilities:
Accounts Payable and accrued expenses decreased by $120,986 (14%) as the
Company used proceeds from a non-interest bearing note (see below) to pay down
outstanding bills.

Notes Payable related parties decreased by $95,484 (29%) as the Company used
proceeds from gold production in May to pay-down related party notes.

Short-term notes increased by $500,000 due to a non-interest bearing loan that
satisfies terms of an agreement allowing Quartz a technology company the right
to use its detection equipment in the mine.

Long-term notes increased by $34,359 (35%) as the Company used bank financing
to purchase a piece of equipment.

Statement of Operations

Income:

For the one-year period ended December 31, 2013 compared to the one-year period
ended December 31, 2012, revenue increased by $7,960 (3%).

Operating Expenses:

For the one-year period ended December 31,2013, compared to the one-year period
ended December 31,2012, operating expenses increased overall by $213,934 (70%).
This was primarily due to an increase in exploration activities in 2013
compared to 2012. Significant categorical increases were: Contract Labor
$116,783 (362%), Supplies $62,420 (263%), Insurance $12,875 (424%),Small
Equipment & Tools $14,356 (160%), Drayage $12,996 (83%) and Other Operating
Expenses $8,878 (173%),

Other expenses:

For the one-year period ended December 31,2013, compared to the one-year period
ended December 31,2012, interest expense decreased by $23,263 (131%) due to
a debt conversion. (See "short-term notes" above).

The company showed a loss of $226,297 in 2013 compared to a loss of $47,838 in
2012. The $178,459 (373%) difference was due to increased exploration activity
in 2013 compared to 2012 without a significan change in revenue. The basic and
diluted loss per share was .017 in 2013 compared to .004 in 2012. The number of
shares used in both calculations was 13,399,505.



ITEM 7:  SUBSEQUENT EVENTS

None


ITEM 8:  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

The unaudited financial statements of the Company are attached at the end of
this document.

PART III

ITEM 9:  DIRECTORS AND EXECUTIVE OFFICERS OF REGISTRANT

Officers and Directors

The following table sets forth the Officers and Directors of the Company.  The
directors listed below will serve until the next annual shareholders meeting to
be held on June 20, 2015.  All of the officers of the Company serve at the
pleasure of the Board of Directors.

Name                Age  Position      Officer Since    Director Since

Michael M. Miller    72  President
                          & Director       1983              1977

Scott K. Robertson    58  Treasurer
                          & Director       1999              1999

Hugh Daniel O'Neill   72  Director         N/A               2002


Rae Bell Arbogast     48  Secretary        2002              N/A

Michael M. Miller-Director, President and CEO

As President and Chief Executive Officer, Mr. Miller is responsible for the
day to day operations of the Company.  In 1975, Mr. Miller became the sole
proprietor of Morning Glory Gold Mines.  Prior to that, he was self-employed in
Santa Barbara County, California from 1965 to 1974.  Mr. Miller served
as a trustee and President of the Sierra County Board of Education (1979 to
1983 trustee) (President in 1983). In 1991 he was appointed a member of the
Sierra County Planning Commission (Chairman in 1992, 1993, 1999 and 2000) until
2001. Mr. Miller is licensed as a California Class A general engineering
contractor. He is a member of the American Institute of Mining Engineers.
In 1965, Mr. Miller received a B.A. from the University of California at Santa
Barbara in combined Social Sciences-Economics.  He was born in Sacramento,
California.

Scott K. Robertson- Treasurer ~ Director

Scott has been active in the Company as an outside accountant since 1984 and a
director since 1999.  In 1991, Scott co-founded the CPA business and
development firm Robertson, Woodford & Summers, LLP located in Grass Valley,
California.  Currently he is CEO of Emerald Cove Marina, a full service marina
at Bullard's Bar Reservoir and President of the Nevada County Broadcaster's
Inc. a local radio station group.  Scott also serves on the board of a high
tech company and a local toy company.

His community service includes past president of Rotary Club of Grass Valley,
Nevada County Economic Council, Nevada County Business Association and Big
Brothers Big Sisters.

Scott is a graduate of University of Santa Barbara in Business in 1981
receiving his CPA certificate in 1986.  Scott resides in Nevada City,
California with his wife of over 30 years Debra, a graduate of University of
Santa Barbara.  They have three sons, Trevor, Keith and Dan.

Hugh Daniel O'Neill III ~ Director

Mr. O'Neill was born April 21, 1942 at a naval base in Virginia. He was raised
in seventeen states over a fourteen-year period, settling in Nevada City,
California. He attended the University of San Francisco, where he created Odd
Bodkins in 1961. The San Francisco Chronicle syndicated Odd Bodkins in 1963
making Mr. O'Neill the youngest cartoonist ever hired by a national syndicate.
It was published in 350 newspapers. At its peak readership was 50 million
daily. Dan is an historian, an accomplished journalist and a former War
Correspondent.


Rae Bell Arbogast ~ Secretary

Rae Bell (aka Pauline) was born in Southern California and moved to the
Alleghany area with her family in 1975.  They lived near the Ruby Mine where
they relied on skis and a snowmobile for transportation during the winter. Her
father worked as a miner at the Ruby and Carson mines.

Rae Bell has been involved with the Sixteen to One Mine since 1996.  Currently
she provides bookkeeping & secretarial services to a few clients in addition to
Original Sixteen to One Mine, Inc.  She serves as Chairman of the Alleghany
Water District, Secretary/Treasurer Underground Gold Miners Museum and has held
various board positions with the Fire District since 1996 (currently as
Treasurer).  She has served as a volunteer Emergency Medical Technician with
the Fire Dept. since 1997.  She holds an AA Degree in business administration
and is working towards a BA Degree.

ITEM 10:  EXECUTIVE COMPENSATION

Remuneration of Directors and Executive Officers

Total compensation for each Director, excluding the President, consists of $750
per meeting attended and an annual $2,000 retainer effective January 1, 1994,
and remains unchanged.

The Company has not paid or distributed and does not pay or distribute cash or
non-cash compensation to officers, directors or employees under any retirement
or pension plans, and has no intent to do so in the future.

Management Remuneration for the Period Ended December 31, 2013

   Name/
Principal       Annual
Position         Year   Salary    Bonus    Compensation  Securities
---------       ------  ------    -----  ------------  ----------

Michael Miller/  2014  $ 60,000       0         0             0
President & CEO  2013  $ 60,000       0         0             0
                 2012  $ 60,000       0         0             0

ITEM 11:  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT

Security Ownership of Certain Beneficial Owners and Management

Title of   Name and Address        Amount and Nature     Percent
 Class   of Beneficial Owner      of Beneficial Owner    of Class
-------  -------------------      -------------------    --------
Common   M. Blair Hull                1,962,822            14.6%
         Hull Trading Co.
         401 So. LaSalle, Ste. 505
         Chicago, IL  60605

Common   Kathy N. Hull                1,490,250             11%
         11 Sierra Ave.
         Piedmont, CA  94611


Common   Michael M. Miller            1,308,597              9.8%
         Officer and Director
         P.O. Box 941
         Alleghany, CA  95910

Common   Charles I. Brown
         Family Partnership LTD         833,668             6%
         P.O. Box 1835
         Edwards, CO 81632

Common   Scott K. Robertson             167,820             1.2%
         Officer and Director
         12391 Deer Park Drive
         Nevada City, CA  95945

Common   Hugh Daniel O'Neill              26,227            .19%
         Director
         227 Prospect St.
         Nevada City, CA  95959


Common   Rae Bell Arbogast               13,158            .01%
         Secretary
         P.O. Box 919
         Alleghany, CA 95910

Common   All Officers & Directors     1,515,802             11%
                (as a group)

ITEM 12: CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

See notes to financial statements.

PART IV

ITEM 13:  UNAUDITED FINANCIAL STATEMENTS

In the opinion of management, the financial statements contain all adjustments
(consisting only of normal recurring accruals) necessary to present fairly the
Company's financial position at December 31, 2014 and December 31, 2013, the
results of operations and cash flows for the twelve-month periods ended
December 30, 2012, 2013 and 2014.  The unaudited financial statements have been
prepared in accordance with Generally Accepted Accounting Principles.

CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

From time to time the Original Sixteen to One Mine, Inc.  (the Company), will
make written and oral forward-looking statements about matters that involve
risks and uncertainties that could cause actual results to differ materially
from projected results.  Important factors that could cause actual results to
differ materially include, among others:

- Fluctuations in the market prices of gold
- General domestic and international economic and political
  conditions
- Unexpected geological conditions or rock stability conditions
  resulting in cave-ins, flooding, rock-bursts or rock slides
- Difficulties associated with managing complex operations in remote areas
- Unanticipated milling and other processing problems
- The speculative nature of mineral exploration
- Environmental risks
- Changes in laws and government regulations, including those
  relating to taxes and the environment
- The availability and timing of receipt of necessary governmental
  permits and approval relating to operations, expansion of operations,
  and financing of operations
- Fluctuations in interest rates and other adverse financial market conditions
- Other unanticipated difficulties in obtaining necessary financing with
  specifications or expectations
- Labor relations
- Accidents
- Unusual weather or operating conditions
- Force majeure events
- Other risk factors described from time to time in the Original Sixteen to One
Mine, Inc., filings with the Securities and Exchange Commission

Many of these factors are beyond the Company's ability to control or predict.
Investors are cautioned not to place undue reliance on forward-looking
statements.  The Company disclaims any intent or obligation to update its
forward-looking statements, whether as a result of receiving new information,
the occurrence of future events or otherwise.

SIGNATURES


Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this Annual Report to
be signed on its behalf by the undersigned, thereunto duly authorized.


ORIGINAL SIXTEEN TO ONE MINE, INC.
Registrant

By: /s/Michael M. Miller
Michael M. Miller
President and Director
Date March 31, 2015

<page>

Original Sixteen to One Mine, Inc.
Condensed Balance Sheet

                                       December 31, 2014 & December 31, 2013

ASSETS
                                                        2014        2013
Current Assets
  Cash                                             $    -      $   44,479
   Accounts receivable                               72,204         4,915
   Inventory                                        247,069       300,719
   Other current assets                                 -             -
                                                    -------       -------
    Total current assets                            319,273       350,113
                                                    -------       -------

Mining Property
   Real estate and property rights
        net of depletion of $524,145                230,401      230,401
   Mineral property                                  47,976       47,976
                                                    -------      -------
   Total Mining Property (see Note 2)               278,377      278,377
                                                    -------      -------

Fixed Assets at Cost
   Equipment                                        877,208      877,208
   Buildings                                        209,487      209,487
   Vehicles                                         158,396      105,414
                                                  ---------    ---------
  Total fixed assets at cost                      1,245,091    1,192,109
                                                  ---------    ---------
Less accumulated depreciation                   (1,095,980)  (1,084,025)
                                                -----------  -----------
   Net fixed assets                                149,111      108,084
                                                -----------  -----------

Other Assets
   Bonds and misc. deposits                           5,460        5,460
                                                  ---------      -------

   Total Assets                                  $  752,221   $  742,034
                                                ==========    ==========

<page>

Original sixteen to One Mine, Inc.
Condensed Balance Sheet Continued

LIABILITIES & STOCKHOLDERS' EQUITY
                                                        2014       2013
Current Liabilities
   Accounts payable & accrued expenses (see Note 3) $  943,912   765,341
   Due to related party (see Note 4)                   171,489   229,658
   Notes payable Short-term  (see Note 6)              843,094   500,000
                                                      --------   -------
   Total Current Liabilities                        1,958,495  1,494,999
                                                      --------   -------

Long Term Liabilities
   Notes payable due after one year (see Note 7)       173,349   131,595
                                                      --------   -------
Total Liabilities                                   2,131,844  1,626,594
                                                      --------   -------

Stockholders' Equity
   Capital stock, par value $.03:
   30,000,000 shares authorized: 13,399,505
   issued and outstanding as of December 31, 2014
   and as of December 31, 2013 (see Note 8)        440,656       440,656
   Additional paid-in capital                    2,063,202     2,063,202
   (Accumulated deficit)
   Retained earnings                           (3,883,481)   (3,388,418)
                                              ------------   -----------
   Total Stockholders' Equity                  (1,379,623)     (884,560)
                                              ------------   -----------

Total Liabilities and Stockholders' Equity       $ 752,221    $  742,034
                                              ============  ============






<Page>

Original Sixteen to One Mine, Inc.
Statement of Operations

                                                    2014      2013       2012
Revenues:
Gold & jewelry sales                              75,724    260,923     292,963
Other Income                                     155,175     40,000       _
                                                  ------     -------     -------
   Total Revenues                                230,899    300,923     292,963

Operating expenses:
   Salaries and wages                             60,434     64,083      66,967
   Contract Labor                                272,198    149,066      32,283
   Utilities                                      55,106     46,620      47,629
   Taxes - property & payroll                     22,645     22,790      24,099
   Insurance                                       7,632     15,911       3,036
   Supplies                                       90,487     86,174      23,754
   Small equipment & repairs                      17,249     23,320       8,964
   Drayage                                        25,903     28,641      15,645
   Corporate expense                               9,897     13,959      10,692
   Legal and accounting                            7,691      4,347      23,153
   Mine Maintenance & compliance                 125,644     39,778      34,890
   Depreciation & amortization                    11,955      9,322       7,843
   Other expenses                                 33,542     14,015       5,137
                                                 -------     ------      ------
   Total operating expenses                      740,383    518,026     304,092

   Profit (Loss) from operations               (509,484)   (217,103)   (11,129)

Other Income & (Expense):
Other Income                                      46,714      9,242       4,422
Interest Expense                                (29,899)   (17,732)    (40,955)
Other expense                                    (1,594)      (704)       (176)

                                               ---------   --------   ---------
   Total Other Income (Expense)                   15,221    (9,194)    (36,709)

   Profit (Loss) before taxes                  (494,263)  (226,297)    (47,838)

   Income tax expense                              (800)      (800)       (800)

Net (loss) income                          $   (495,063) $(227,097)  $ (48,638)
                                              =========  ==========   =========

Basic and diluted gain (loss) per share      $   (.037)  $   (.017)  $   (.004)
Shares used in the calculation of net
   (loss) income per share                   13,399,505   13,399,505 13,399,505
                                                ========   =========   ========

<page>


Original Sixteen to One Mine, Inc.

Statement of Cash Flow
For the Years Ended December 31,                   2014       2013      2012

Cash Flows From Operating Activities:
Net profit (loss)                          $     (495,063)$ (227,097)$ (48,638)
Operating activities:
   Depreciation and amortization                    11,955      9,322     7,843
   Gain on retirement of Asset                      -           -          -
   Decrease(Increase) in accounts receivable      (67,289)    (4,815)     1,422
   Decrease(Increase) in inventory                  53,650     11,104    85,060
   Decrease (Increase) in other current assets       -         -            -
   (Decrease) Increase in accounts payable
    accrued expenses and short term notes          463,497    283,529  (47,145)
                                                   --------  -------  ---------
Net cash (used) provided by operating activities
                                                  (33,250)     72,043   (1,458)

Cash Flows From Investing Activities:
   Sale (Purchase) of Real Estate                              -           -
   sale (Purchase) of fixed assets                (52,982)   (66,804)      -
   Other assets Bonds Misc. deposits               -           -           -
                                                  ---------  --------  --------
Net cash (used) provided by investing activities  (52,982)   (66,804)      -

Cash Flows From Financing Activities
 Increase (decrease) notes payable                  41,753     34,359      -
 Proceeds from sale of common stock                  -         -           -
 Paid in Capital from Shareholders                   -         -           -
                                                --------    --------   --------
 Net cash provided (used) by financing activities   41,753     34,359      -

 (Decrease)increase in cash                       (44,479)     39,598   (1,458)
 Cash, beginning of period                          44,479      4,881     6,339
                                                    ------   -------   --------
 Cash, end of period                            $    -     $  44,479  $   4,881
                                                  ========   ========= ========

<page>
                        NOTES TO THE FINANCIAL STATEMENTS

1.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Business: Original Sixteen to One Mine, Inc. (the Company) was
incorporated in 1911 and is actively involved in operating a gold mine in
Alleghany, California; currently in exploration mode.  In accordance with
directive from the Securities and Exchange Commission (SEC)and Industry Guide
7, reference for all intent and purposes to the Company's employees as miners,
its properties as mines or its operation as mining does not diminish the fact
that the Company has no proven reserves and is in the "exploration state" as
defined in Guide 7(a)(4)(iii).

Inventory: Inventory consists of gold bullion, specimens and jewelry.  Gold
bullion and specimens are quoted at the market price for gold bullion.  (PM
London Fix on the last day of the quarter.)  The quarterly valuation adjustment
to inventory is recorded as an expense when the value decreases and as revenue
when the value increases and is combined with Gold Sales Revenue on the
Condensed Income Statement.  This serves the dual purpose of fairly presenting
the value of the gold inventory on the balance sheet and adjusts Cost of Goods
Sold to reflect the actual spot gold price.  Jewelry is quoted at the market
price for the gold content plus labor cost.  Gold Bullion and jewelry are
accounted for using the FIFO method.  Specimens are accounted for using the
specific identification method.

Fixed Assets:  Fixed assets are stated at historical cost.  Depreciation is
calculated using straight-line and accelerated methods over the following
useful lives: Vehicles 3 to 5 years, Equipment 5 to 7 years, Buildings 18 to
31.5 years.

Depletion Policy:  Because of the geological formation in the Alleghany Mining
District, estimates of ore reserves currently cannot be calculated, and
accordingly, a cost per unit depletion factor cannot be determined.  Should
estimates of ore reserves become available, the units of production method of
depletion will be used.  Until such time, no depletion deduction will be
recorded.

Revenue Recognition:  As it is mined, gold is recorded in inventory and revenue
is recognized using quoted market prices for gold. For income tax purposes
revenues are not recognized until the gold is sold.

Use of Estimates:  The preparation of financial statements in conformity with
generally accepted accounting principles requires management to make estimates
and assumptions.  These estimates and assumptions affect the reported amounts
of assets and liabilities at the date of the financial statements and the
reported amounts of revenues and expenses during the reporting period.  Actual
results could differ from these estimates.


2. PROPERTY

The company's original property is carried at the 1924 value of $628,662
and has been fully amortized through depletion charges of $524,145.  Other
properties included in the "real estate and property rights" category are
a lot purchased in 1984 for $1,000, Surface rights purchased at the townsite
auction in 1996 for $76,574 and $48,310 for the Sphoon Mine which is patented
property included with the purchase of the Gold Crown Mine in 2005.  The
category "mineral property" includes the Plumbago Mine which was exchanged for
50,000 shares of restricted stock in 1999.

3. ACCOUNTS PAYABLE & ACCRUED EXPENSES

Accounts payable and accrued expenses was $939,163 at December 31, 2014.  This
balance includes $610,695 in accrued wages owed to Michael Miller. Mr. Miller's
salary has been accrued (not paid) for over ten years and is secured with real
estate.

4. NOTES PAYABLE RELATED PARTIES

Notes payable related parties at December 31, 2014 was $171,489 consisting of
a loan from Michael Miller secured by real-estate.  Interest is charged on this
loan on a reimbursement basis based on the interest charged on Michael Miller's
personal line of credit at tri-counties bank.

5. RELATED PARTY TRANSACTIONS

None

6. NOTES PAYABLE SHORT-Term
Note payable short-term was $843,094 at December 31, 2014. This consists of a
$500,000 interest-free line of credit as well as loans in the amount of
$330,000 plus accrued interest of $13,094. There is no specific due date on
these loans which are convertable to stock at $1.00 per share.

7. NOTES PAYABLE

Notes payable due after one-year totaling $173,349 consists of the balance
remaining on the mortgage for the Gold Crown Mine of $97,236 as well as $27,975
remaining on a loan to purchase a piece of equipment in 2013 and $48,138
secured in 2014 for the purchase of a vehicle.  The Company is behind on its
payments for the Gold Crown Mine and interest has not been accrued on this
note.

8.  STOCK

Capital authorized: 30,000,000 non-assessable shares of common stock,
par value $.03.  Issued and outstanding: 13,399,505 shares of common stock.
At December 31, 2014, approx. 2,797,299 shares were restricted.  Restricted
common stock cannot be sold within two years of the issuance date.  After the
required holding period, the shareholder can take steps to remove the indicated
restriction.