SECURITIES AND EXCHANGE COMMISSION
                                 WASHINGTON, D.C.  20549


                                     FORM 10-QSB



                      QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                        OF THE SECURITIES EXCHANGE ACT OF 1934



   For the Quarter Ended June 30, 2007       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.)
        incorporated 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.

                        Yes: x                       No:



As of June 30, 2007, 12,890,204 shares of Common Stock, par value $.03 per
share, were issued and outstanding.

<page>


                                   PART I

1.  FINANCIAL INFORMATION

                              Original Sixteen to One Mine, Inc.
                                 Condensed Balance Sheet
                           June 30, 2007 and December 31, 2006

                                    June 30, 2007        December 31, 2006
ASSETS

Current Assets
   Cash                                  $    6,429               $  1,222
   Accounts receivable                        1,674                  -
   Inventory                                654,678                749,009
   Other current assets                         119                  1,103
                                         ----------             ----------
     Total current assets                   662,900                751,334
                                         ----------             ----------

Mining Property
   Real estate and property rights
      net of depletion of $524,145          218,287                218,287
   Real estate and mineral property         500,707                500,707
                                         ----------             ----------
                                            718,994                718,994
                                         ----------             ----------
Fixed Assets at Cost
   Equipment                                982,515                982,515
   Buildings                                209,487                209,487
   Vehicles                                 255,128                255,128
                                         ----------             ----------
                                          1,447,130              1,447,130
Less accumulated depreciation            (1,311,774)            (1,301,126)
                                         ----------             ----------
     Net fixed assets                       135,356                146,004
                                         ----------             ----------
Other Assets
   Bonds and misc. deposits                  16,185                 16,185
                                         ----------             ----------

     Total Assets                        $1,533,435             $1,632,517
                                         ==========             ==========

LIABILITIES & STOCKHOLDERS' EQUITY

Current Liabilities
   Accounts payable &
      accrued expenses                   $  259,298                237,947
Due to related party                        657,744                489,893
Notes payable due within one year           429,854                428,830
                                         ----------             ----------
     Total Current Liabilities            1,346,896              1,156,670
                                         ----------             ----------
Long Term Liabilities
   Notes payable due after one year          66,340                 81,527
                                         ----------             ----------
     Total Liabilities                    1,413,236              1,238,197
                                         ----------             ----------

Stockholders' Equity
   Capital stock, par value $.03:
     30,000,000 shares authorized:
     12,890,204 shares issued and
     outstanding as of June 30, 2007 and
     December 31, 2006.                     425,377                425,377
   Additional paid-in capital             1,898,317              1,898,317
   (Accumulated deficit)
      retained earnings                  (2,203,495)           (1,929,374)
                                         ----------             ----------
     Total Stockholders' Equity             120,199                394,320
                                         ----------             ----------
Total Liabilities and
  Stockholders' Equity                   $1,533,435             $1,632,517
                                         ==========             ==========


                              See Accompanying Notes

<page>

                  Original Sixteen to One Mine, Inc.
             Statement of Operations and Retained Earnings


                    Three Months Ending June 30,   Six Months Ending June  30,
                             2007            2006           2007           2006
                           ------          ------          ------         -----
Revenues:
  Gold & jewelry sales  $   137,957    $  203,329      $   263,975   $  379,169
                        -----------   -----------         --------     --------
     Total revenues         137,957       203,329          263,975      379,169
                       -----------   -----------         --------      --------
Operating expenses:
  Salaries and wages         19,396        18,184          38,733        36,141
  Contract Labor            131,270        64,605          285,158      140,519
  Telephone & utilities      17,723         7,655           35,346       16,513
  Taxes - property & payroll  8,384         8,126           17,142       16,130
  Insurance                     492          492               984          984
  Supplies                   14,285        12,819           28,141       16,729
  Small equipment & repairs   9,520         2,571           22,692        3,000
  Drayage                     5,950        13,240           17,527       25,666
  Corporate expenses         10,728        10,488           11,728       11,488
  Legal and accounting          228         1,270            2,105        3,350
  Compliance/Safety           1,762        10,009            4,462       12,493
  Depreciation & amortization  5,324        8,169           10,648       19,060
  Other expenses              10,583        8,123           17,494       11,543
                           ----------   ----------        -------       -------
  Total operating expenses   235,645      165,751         492,160       313,616
                          ----------    ----------       --------      --------
    Loss from operations    (97,688)       37,578      $ (228,185)   $   65,553

Other Income & (Expense):
  Other income (expense)   (21,049)       (13,171)       (45,136)      (27,738)
                         ----------    -----------       -------       --------
Profit (Loss) before taxes (118,737)       24,407       (273,321)        37,815
                         ----------    -----------     ---------     ----------
Income tax benefit (expense)    -           (800)         (800)          (800)
                         ----------    -----------     ---------     ----------
Net  profit (loss)    $    (118,737) $      23,607 $    (274,121)  $     37,015
                       ============    ===========     ==========    ==========

Basic and diluted (loss)
   Gain per share    $      (.009)  $         .002   $      (.02)    $     .003
                      ============    ============      =========     =========
Shares used in the
   calculation of net
   loss income per share 12,890,204     12,883,387      12,890,204   12,883,387
                       ============    ===========      ==========  ===========


                              See Accompanying Notes

<page>


                      Original Sixteen to One Mine, Inc.
                           Statement of Cash Flows
         Six Months Ended June 30,2007 and June 30,2006

                                             Six Months Ended June 30,
                                               2007                   2006
                                         --------------         --------------
Cash Flows From Operating Activities:

Net (loss) profit                           $  (274,121)          $     37,015
  operating activities:
     Depreciation and amortization                10,648                19,060
     (Increase)Decrease in
        accounts receivable                      (1,674)               (8,193)
     Decrease(Increase) in inventory              94,331              (71,725)
     (Increase)Decrease in other
       current assets                                984                   984
     (Decrease) increase in accounts payable
       and accrued expenses                       21,351              (33,742)
    (Decrease) increase in short term notes      168,875                62,868

                                            ------------            ----------
  Net cash (used) provided by
     operating activities                         20,394                 6,267
                                           ------------            -----------

Cash Flows From Investing Activities:

  Purchase of mining property                      -                    -
  Purchase of fixed assets                          -                    -
  Other assets bonds misc. deposits               -                      -
                                             -------------         -----------

  Net cash used by
    investing activities                            -                    -
                                             -------------         -----------

Cash Flows From Financing Activities

  Increase (decrease) in bank overdraft                                  (200)
  Increase (decrease) notes payable              (15,187)             (14,168)
  Proceeds from sale of common stock                 -                     544
  Additional paid-in capital                          -                 14,419
                                               ------------        ------------
  Net cash provided (used) by
    financing activities                          (15,187)                595
                                               ------------       ------------

  (Decrease) increase in cash                      5,207                 6,862

Cash, beginning of period                           1,222                   0
                                                ------------        ----------
Cash, end of period                           $    6,429           $     6,862
                                               ============       ============

Supplemental schedule of other cash flows:

  Cash paid during the period for:

    Interest expense                        $     50,896          $     32,065
                                             ============         ============
    Income taxes                             $        800         $        800
                                             ============         ============

                              See Accompanying Notes
<page>

                        NOTES TO THE FINANCIAL STATEMENTS

I.  GENERAL NOTES

1.  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).


2. 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 June 30, 2007 and December 31,
2006, the results of operations for the three-month & six-month periods ended
June 30, 2007 and 2006 and cash flows for the six month periods ended June 30,
2007 and 2006.  The unaudited financial statements have been prepared in
accordance with Generally Accepted Accounting Principles for interim financial
information and with the instructions to Form 10-QSB and Item 310(b) of
Regulation S-B.

II.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF PLAN OF OPERATION

The Sixteen to One mine in the Alleghany Mining District is a unique mine and
requires a unique operation, which has been recognized by its owners, its
miners, geologists, engineers, and some public agencies during the last decade
of the twentieth century and to the present.  It is a traditional high-grade,
hard rock, underground gold mine.  The same company owns and operates the mine.
Original Sixteen to One Mine Inc, (owner) was incorporated in California in
1911.  Experts estimate that less than twenty percent of the proven and
probable ore deposit has been mined.  Production is approximately 1,500,000
ounces of gold.

There are over twenty-eight miles of horizontal workings and millions of cubic
feet of vertical excavations called stopes.  The entire grounds are not
maintained for mining.  Once an area is targeted for mining, travel ways and
escape routes are brought into safety compliance.  Production miners set up a
heading (face) and begin a drill-blast-muck sequence into the quartz.  Gold is
hosted in the quartz vein in exceedingly rich concentrations called "pockets".
Metal detectors are regularly used underground as a tool for guiding the
direction of the work.  Metal detectors are also used as a tool to separate the
ore underground.  This has the positive affect of reducing the volume of shot
rock from the mine, thereby reducing cost.  In 1992, the company initiated a
gold marketing plan of selling gold in quartz as a gemstone.  This produces
revenue significantly greater than selling gold into the spot market.  Demand
for the Sixteen to One gold-in-quartz gemstone exceeds supply.

Production has been termed a "feast or famine" situation for over 100 years.
Reserves in a high-grade gold mine cannot be termed as "proven".  The company
hoards gold and sells it according to short-term cash needs.  This fact
requires an operator to manage its cash flow to operate between pockets.  It is
difficult to undertake major expansion plans with an uncertain supply of
capital.  The Company has announced general plans to build a new shaft in the
northern section of its Alleghany patented claims.


BALANCE SHEET COMPARISONS

For the six-month period from December 31, 2006 to June 30, 2007 Current Assets
decreased by $88,434 (11%) primarily due to a decrease in inventory.  Inventory
was sold to cover operating expenses and production was minimal.

Current liabilities increased by $190,226 (16%) as the Company relied on credit
and unconventional loans to pay the bills.

Long term liabilities decreased by $15,187 (18%) as the company continued to
make regular payments on its notes.

STATEMENT OF OPERATIONS

Revenues for the three-month period ended June 30, 2007 decreased by $65,372
(32%) and decreased $115,194 (30%) for the six-month period ended June 30, 2007
compared to the same periods in 2006 primarily due to a lack of gold
production.

Changes in the Company's operating expenses for the three and six-month periods
ended June 30, 2007 compared to the same periods in 2006 are reflected as
follows:

1. For the three and six-month periods Contract Labor increased by $66,665
(103%) and $144,639 (103%) respectively due to a larger operation in 2007.

2. For the three and six-month periods Telephone & Utilities increased by
$10,068 (131%) and $18,833 (114%) respectively as pumping resumed in the
lower levels of the mine.

3. For the three and six-month periods Supplies increased by $1,466 (11%) and
$11,421 (68%) respectively due to a larger operation in 2007.

4. For the three and six-month periods Small Equipment and Repairs increased by
$6,949 (270%) and $19,692 (656%) respectively due to a larger operation in 2007.

5. For the three and six-month periods Drayage increased $7,290 (55%) and
$8,139 (32%) respectively due to higher gas prices and a larger operation in
2007.

6. For the three and six-month periods Legal and Accounting decreased $1,042
(82%) and $1,245 (37%) respectively due to decreased legal activity and minimal
use of outside accountants.

7. For the three and six-month periods Compliance and Safety decreased by
$8,247 (82%) and $8,031 (64%) respectively due to an investment in safety
equipment in 2006.

8.  For the three and six-month periods Depreciation & Amortization decreased
by $2,845 (35%) and $8,412 (44%) as the result of an adjustment done in
accordance with direction from the C.P.A. who oversees our depreciation schedule
in early 2006.

9.  For the three and six-month periods Other Income and Expenses increased by
$2,460 (30%) and $5,951 (52%) respectively due to higher interest expenses as
a direct result of an increase the Company's debt.

8.  For the three-month period ended June 30, 2007, the Company recorded a
loss of $118,737 (before taxes) compared to a profit of $13,971 for same period
in 2006.  The $142,344 (600%) difference is due to a combination of low gold
production and a larger operation in 2007.  For the six-month period ended June
30, 2007, the Company recorded a loss of $273,321 (before taxes) compared to a
profit of $37,015 for the same period in 2006.  The $311,136 (840%) difference
is also due to a combination of low gold production and a larger operation in
2007.

SUBSEQUENT EVENTS

On August 8, 2007 The California Supreme Court denied the petition for review.
See "Legal Proceedings".

LIQUIDITY AND CAPITAL RESOURCES

The Company's liquidity is substantially dependent upon the results of its
operations.  Because of the unpredictable nature of the gold mining business,
the Company cannot provide any assurance with respect to long-term liquidity.
In addition, if the Company's operation does not produce meaningful additions
to inventory, the Company may determine it is necessary to satisfy its working
capital needs by selling gold in bullion form.

The Company is dependent on continued recovery of gold and sales of gold from
inventory to meet its cash needs.  Although the Company has historically
located an annual average of $848,000 of gold over a five year period, there
can be no assurance that the Company's efforts in any particular period will
provide sufficient funding for the Company to continue operations.

If the Company's cash resources are inadequate and its gold inventory is
depleted, the Company may seek debt or equity financing on the most reasonable
terms available.

PART II

LEGAL PROCEEDINGS

1. Plaintiff in Superior Court of the State of California, County of Sierra
against private lawyers and their employer.  Case filed February 13, 2004.
Case No. 6293, Complaint for Damages (Malicious Prosecution, Intentional
Infliction of Emotional Distress, Intentional Interference with Perspective
Advantage).  Defendants appealed their loss of an anti-slap motion to the
California Appeals Court, Third District which overturned the Superior Court
decision on May 8, 2007.  The Company filed a "Petition for Review" with the
California Supreme Court on June 18, 2007.

OTHER INFORMATION

The unaudited interim consolidated financial statements of Original Sixteen to
One Mine, Inc. (the Company) have been prepared by management in accordance
with generally accepted accounting practices.  Such rules allow the omission of
certain information and footnote disclosures normally included in financial
statements prepared in accordance with generally accepted audited accounting
principles as long as the statements are not misleading.

In the opinion of management, verified by signature below, all adjustments
necessary for a fair presentation of these interim statements have been
included.  These adjustments are of a normal recurring nature.

The preparation of the Company's financial statements in conformity with
accounting principles accepted in the United States requires management to make
estimates and assumptions.  These estimates and assumptions affect the reported
amounts of assets and liabilities and disclosure of contingent liabilities at
the date of the financial statements, as well as the reported amount of
revenues and expenses during the reporting period.  On an ongoing basis,
management evaluates its estimates and assumptions; however, actual amounts
could differ from those based on such estimates and assumptions.  No accounting
principle upon which the Company's financial status depends, requires estimates
of proven and probable reserves and/or assumptions of future gold prices.
Commodity prices may significantly affect the company's profitability and cash
flow.  No independent accounting firm or auditors have any responsibility for
the accounting and written statements of the Form 10-QSB.

The Company and its president assume responsibility for the accuracy of this
filing and certify the financial statements present fairly in all material
respects, the financial position of Original Sixteen to One Mine, Inc at June
30, 2007.

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.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

ORIGINAL SIXTEEN TO ONE MINE, INC.
(Registrant)

/s/Michael M. Miller
President and Director
Dated:  August 14, 2007