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 September 30, 2005       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:                        No: x



As of September 30, 2005, 12,867,250 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
                 September 30, 2005 and December 31, 2004

                                September 30, 2005       December 31, 2004
ASSETS

Current Assets
   Cash                                  $    1,544             $    9,857
   Accounts receivable                        2,914                  3,966
   Inventory                                614,320                927,812
   Other current assets                       1,968                  1,161
                                         ----------             ----------
     Total current assets                   620,746                942,796
                                         ----------             ----------

Mining Property
   Real estate and property rights
      net of depletion of $524,145          235,841                181,091
   Real estate and mineral property         543,403                473,403
                                         ----------             ----------
                                            779,244                654,494
                                         ----------             ----------
Fixed Assets at Cost
   Equipment                                953,515                953,515
   Buildings                                178,237                159,487
   Vehicles                                 253,128                253,128
                                         ----------             ----------
                                          1,384,880              1,366,130
Less accumulated depreciation            (1,264,916)            (1,243,368)
                                         ----------             ----------
     Net fixed assets                       119,964                122,762
                                         ----------             ----------
Other Assets
   Bonds and misc. deposits                  16,185                 16,185
                                         ----------             ----------

     Total Assets                        $1,536,139             $1,763,237
                                         ==========             ==========

LIABILITIES & STOCKHOLDERS' EQUITY

Current Liabilities
   Accounts payable &
      accrued expenses                   $  249,504                256,621
Due to related party                        206,599                156,291
Notes payable due within one year           436,352                421,421
                                         ----------             ----------
     Total Current Liabilities              892,455                834,333
                                         ----------             ----------
Long Term Liabilities
   Notes payable due after one year         116,747                  7,267
                                         ----------             ----------
     Total Liabilities                    1,009,202                841,600
                                         ----------             ----------

Stockholders' Equity
   Capital stock, par value $.03:
     30,000,000 shares authorized:
     12,867,250 shares issued and
     outstanding as of September 31, 2005 and
     December 31, 2004                      428,869                428,869
   Additional paid-in capital             1,875,888              1,875,888
   (Accumulated deficit)
      retained earnings                  (1,777,820)           (1,410,120)
                                         ----------             ----------
     Total Stockholders' Equity             526,937                894,637
                                         ----------             ----------
Total Liabilities and
  Stockholders' Equity                   $1,536,139             $1,736,237
                                         ==========             ==========


                              See Accompanying Notes

<page>

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


                  Three Months Ending Sept. 30,    Nine Months Ending Sept. 30,
                             2005            2004           2005           2004
                           ------          ------          ------         -----
Revenues:
  Gold & jewelry sale s    $   110,426 $  837,836   $     387,910   $ 1,234,834
                           -----------   -----------      --------     --------
     Total revenues            110,426    837,836         387,910     1,234,834
                            -----------   -----------    --------      --------
Operating expenses:
  Salaries and wages            52,885     35,890         144,415       103,640
  Contract Labor                89,027    229,086         330,096       267,933
  Telephone & utilities         25,357     21,222          70,854        78,846
  Taxes - property & payroll    10,422      8,681          30,517        26,633
  Insurance                        905      1,925           1,949         5,775
  Supplies                       1,237     24,001          17,290        42,700
  Small equipment & repairs         0      12,157          23,546        24,677
  Drayage                        5,306      7,750          20,289        17,184
  Corporate expenses             1,154      2,235           8,417         8,200
  Legal and accounting           5,809      4,502          12,122         9,421
  Compliance/Safety              4,842      4,247           8,220        10,481
  Depreciation & amortization    7,324      7,968          21,548        23,904
  Other expenses                 2,308      3,131          13,018        27,198
                           ----------   ----------        -------       -------
  Total operating expenses     206,576    362,795         702,281       646,592
                          ----------    ----------       --------      --------
Profit (Loss) from operations (96,150)    475,041        (314,371)      588,242

Other Income & (Expense):
  Other income (expense)     (25,631)     (14,851)       (52,529)     (121,503)
                         ----------    -----------       -------       --------
Profit (Loss) before taxes  (121,781)      460,190      (366,900)       466,739
                         ----------    -----------     ---------     ----------
Income tax benefit (expense)    -                          (800)
                         ----------    -----------     ---------     ----------
Net profit (loss)      $   (121,781)  $    460,190 $    (367,700)   $   466,739
                       ============    ===========     ==========    ==========

Basic and diluted (loss)
 earning per share     $     (.009)  $         .04  $        (.03) $     .036
                      ============    ============      =========     =========
Shares used in the
calculation of net
(loss) income per share  12,867,250    12,867,250       12,867,250   12,867,250
                       ============    ===========      ==========  ===========


                              See Accompanying Notes

<page>


                      Original Sixteen to One Mine, Inc.
                           Statement of Cash Flows
         Nine Months Ended Sept. 30, 2005 and Sept. 30, 2004

                                             Nine Months Ended Sept. 30,
                                               2005                   2004
                                         --------------         --------------
Cash Flows From Operating Activities:

Net profit (loss
  Operating activities: )                     $ (367,700)          $  466,739
     Depreciation and amortization                 21,548              23,904
     (Increase)Decrease in
        accounts receivable                         1,052               (186)
     Decrease(Increase) in inventory              313,492           (471,179)
     (Increase)Decrease in other
       current assets                                (807)              3,426
     (Decrease) increase in accounts payable
       and accrued expenses                        (7,117)           (25,903)
    (Decrease) increase in short term notes        65,239              60,216

                                              ------------          ----------
  Net cash (used) provided by
     operating activities                           25,707              57,017
                                              ------------         -----------

Cash Flows From Investing Activities:

  Purchase of mining property                      (124,750)            -
  Purchase of fixed assets                         (18,750)         (43,532)
  Other assets bonds misc. deposits                                      -
                                              -----------        -----------

  Net cash (used) provided by
    investing activities                           (143,500)         (43,532)
                                               -----------        -----------

Cash Flows From Financing Activities

  Increase (decrease) notes payable                  109,480         (9,746)
  Proceeds from sale of common stock                 -
  Additional paid-in capital
                                                -----------      ------------
  Net cash provided (used) provided by
    financing activities                             109,480         (9,746)
                                               ------------     ------------

  (Decrease) increase in cash                        (8,313)           3,739

Cash, beginning of period                              9,857              40
                                                ------------       ----------
Cash, end of period                              $     1,544     $     3,779
                                               ============      ============

Supplemental schedule of other cash flows:

  Cash paid during the period for:

    Interest expense                         $     52,095       $     45,002
                                             ============       ============
    Income taxes                             $        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 September 30, 2005 and December 31,
2004, the results of operations and cash flows for the three-month & nine-month
periods ended Sept. 30, 2005 and 2004.  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

Predicting gold production at the operating Sixteen to One mine in Alleghany,
California is not a worthwhile endeavor. Terms such as "proven", "probable",
"inferred" or "measured" have no relevance in well established, traditional
gold deposits like the Alleghany Mining District.  The company is the oldest
American gold mining corporation and continues to produce gold into the twenty
first century from a mine with no reserves.  Terms used in most mining analysis
of future or potential gold mean nothing as to the future or potential of gold
remaining in the Sixteen to One mine.  The company mines what its deposits
contain, high-grade gold veins within a well-defined vein of quartz.  The
company is the world's premier high-grade gold producer.  It is not merely guess
work that has allowed this to occur.

Because the gold in quartz is in demand as a precious gemstone, the Company is
not as sensitive to the fluctuations in the spot price for bullion; however,
revenues in bullion sales have increased over the past six months due to the
increases in the spot price.  Currently, the demand for Sixteen to One gold
exceeds the supply. The price received for quartz with gold varies based on the
nature of the quartz and gold but is consistently three to four times the spot
price.  The Company also sells its own line of jewelry.

The Company has a small crew and is only working the Sixteen to One Mine.  It
owns other past gold producers in the Alleghany Mining district as well as the
Brown Bear mine in Trinity County, California.  The Company has drafted plans
for bringing each of its mines into production.  The Company has announced its
plans to construct a new shaft in the central area of its property.
Construction is dependent on available capital for the expansion, estimated to
be $3 million. The Directors have authorized its President to secure up to $3.5
million and use the Brown bear mine or the Company's gold collection to
accomplish the funding.

The Company was financially crippled by uncontrollable events over the past six
years, resulting in a serious lack of both working capital and growth capital.
These events included: over-aggressive State and Federal regulatory agencies,
increased utility costs, increased workers compensation costs, a bear market
for gold, which suppressed investors interest in a private placement of stock,
and reckless accusations of criminal behavior by private attorneys associated
with the tragic death of a miner.  Currently, the atmosphere has greatly
changed. The Company is actively seeking working capital to correct its
financial shortcomings.

The Company has followed a traditional pattern of growth and development since
the mine was discovered in 1896. By acquiring mines within the region, Original
Sixteen to One Mine, Inc. is the hub of the Alleghany Mining District and the
most active high-grade area in California.  On June 22, 2005, the Company
announced the acquisition of 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. There are
limited plans to investigate and evaluate the new acquisition.

For the nine-month period ended Sept. 30, 2005 mine production was
disappointing.  Gold inventory at December 31, 2004 ($927,812) decreased
$313,492 to $614,320 on Sept. 30, 2005.  Demand for the Company's primary
product, gold laced quartz, remains higher than available supply.  While the
daily price of gold bullion impacts revenue, gold laced quartz is sold for many
times its crush or spot bullion price.

BALANCE SHEET COMPARISONS

During the nine-month period ended Sept. 30, 2005 Current Assets decreased
by $322,050 (34%) primarily due the lack of gold production and subsequent
necessity of selling existing gold inventory to cover operating expenses.

Mining Property increased by $124,750 (19%) due to the acquisition of the Gold
Crown Mine.

Liabilities increased by $167,602 (20%) due to the note issued for the purchase
of the Gold Crown Property and an increase in notes payable related parties.

STATEMENT OF OPERATIONS

Revenues for the three-month period ended Sept. 30, 2005 decreased by $727,410
(87%) compared to the same period in 2004 and decreased by $846,924 (68.5%) for
the nine-month period ended Sept. 30, 2005 mainly due to the presence of gold
production in the 2004 periods and the lack thereof in 2005.

Changes in the Company's operating expenses are reflected as follows:

1. For the three and nine-month periods ended Sept. 30, 2005 wages & salaries
increased by $16,995 (47%) and $40,775 (28%) respectively compared to the same
periods in 2004 due the addition of one employee.

2. Contract labor decreased by $140,059 (61%) for the three-month period
ended Sept. 30, 2005 compared the same period in 2004 due to the booking of
the production percentage payment owed to the contract miners in 2004.  For
the nine-month periods the change is insignificant.

3. For the three and nine-month periods ended Sept. 30, 2005 supplies expense
decreased by $22,764 (94%) and $25,410 (59.5%) respectively compared to the
same periods in 2004 as the company began to downsize its operation due to
the lack of gold production in 2005.

4. For the three-month period ended Sept. 30, 2005 small equipment and
repairs expense decreased by $12,157 (100%) due to a bookkeeping error in
the second quarter of 2005 in which an invoice was mistakenly booked to this
account but the error was not caught until after the second quarter was closed.
The credit was booked in the third quarter.  For the nine-month periods the
change was insignificant.

5.  Corporate expenses decreased by $1,081 (48%)for the three months ended
Sept. 30, 2005 due primarily to the lack of a formal board of directors meeting
in the third quarter.

6.  For the three-month period ended Sept. 30, 2005, the Company recorded a
loss of $121,781 compared to a profit of $460,190 for same period in 2004 the
$581,971 (126%)difference is due primarily to the gold hit in July of 2004 and
the lack of a gold strike for the same period in 2005.  The same is true of
the nine-month period ended September 30, 2005 wherein the company recorded a
loss of $367,700 compared to a profit of $466,739 for the same period in 2004
representing a $834,439 (178.7%) difference.

SUBSEQUENT EVENTS

None

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. Petition in United States Court of appeals for the Ninth Circuit, filed March
 23, 2004 contesting MSHA's interpretation of its standard.  Docket Number
04-71301.

2. 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)

3. On September 12, 2005, George Gilmour, Company attorney died in a single car
accident near Alleghany.  He will be greatly missed.

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
September 30, 2005.


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:  November 2, 2005