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, 2009       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 September 30, 2009, 13,373,505 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, 2009 and December 31, 2008


                                September 30, 2009        December 31, 2008
ASSETS

Current Assets
   Cash                                  $      932               $    -
   Accounts receivable                       14,212                  3,266
   Inventory                                361,537                631,852
   Other current assets                         -                      -
                                         ----------             ----------
     Total current assets                   376,681                635,118
                                         ----------             ----------

Mining Property
   Real estate and property rights
      net of depletion of $524,145          230,401                218,287
   Real estate and mineral property         345,330                500,707
                                         ----------             ----------
                                            575,731                718,994
                                         ----------             ----------
Fixed Assets at Cost
   Equipment                                925,243                925,243
   Buildings                                209,487                209,487
   Vehicles                                 255,128                255,128
                                         ----------             ----------
                                          1,389,858              1,389,858
Less accumulated depreciation            (1,298,968)            (1,284,275)
                                         ----------             ----------
     Net fixed assets                        90,890                105,583
                                         ----------             ----------
Other Assets
   Bonds and misc. deposits                   5,460                  5,460
                                         ----------             ----------

     Total Assets                        $1,048,762             $1,465,155
                                         ==========             ==========
LIABILITIES & STOCKHOLDERS' EQUITY

Current Liabilities
   Accounts payable &
      accrued expenses                   $  715,400                484,697
Due to related party                        269,682                626,727
Notes payable due within one year           400,000                400,000
                                         ----------             ----------
     Total Current Liabilities            1,385,082              1,511,424
                                         ----------             ----------
Long Term Liabilities
   Notes payable due after one year          97,236                 97,236
                                         ----------             ----------
     Total Liabilities                    1,482,318              1,608,660
                                         ----------             ----------

Stockholders' Equity
  Capital stock, par value $.03:
  30,000,000 shares authorized:
  13,373,505 shares issued and
  outstanding as of Sept. 30, 2009 and
  12,905,505 shares issued and outstanding
  as of December 31, 2008                   439,876                439,876
   Additional paid-in capital             2,005,282              2,005,282
   (Accumulated deficit)
      retained earnings                  (2,878,714)           (2,588,663)
                                         ----------             ----------
     Total Stockholders' Equity           (433,556)               (143,505)
                                         ----------             ----------
Total Liabilities and
  Stockholders' Equity                   $1,048,762             $1,465,155
                                         ==========             ==========


                              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,
                             2009            2008           2009           2008
                           ------          ------          ------         -----
Revenues:
  Gold & jewelry sales     $  34,942   $  (21,207)   $    132,288   $    99,213
                           -----------   -----------      --------     --------
     Total revenues           34,942      (21,207)        132,288       99, 213
                            -----------   -----------    --------      --------
Operating expenses:
  Salaries and wages            16,476     21,827          50,716        69,794
  Contract Labor                 8,286      7,065          30,777        18,710
  Telephone & utilities         11,424     12,503          32,585        35,341
  Taxes - property & payroll      (619)    10,201          17,573        29,020
  Insurance                        190        191             570         1,228
  Supplies                       2,923      7,984          10,681        19,858
  Small equipment & repairs      5,309      3,341          10,877         9,479
  Drayage                        2,829      3,750           8,647        16,364
  Corporate expenses             1,655      1,050           9,731        10,895
  Legal and accounting           3,223         60           3,542        88,632
  Compliance/Safety                587        327             967           473
  Depreciation & amortization    4,898      4,902          14,693        14,706
  Other expenses                 1,476      1,911           7,931         6,858
                           ----------   ----------        -------       -------
  Total operating expenses      58,657      75,112         199,290      321,358
                          ----------    ----------       --------      --------
Profit (Loss) from operations  (23,715)   (96,319)        (67,002)    (222,145)

Other Income & (Expense):
  Other income (expense)     (179,281)    (31,985)      (222,249)      (85,212)
                         ----------    -----------       -------       --------
Profit (Loss) before taxes  (202,996)    (128,304)     (289,251)     (307,357)
                         ----------    -----------     ---------     ----------
Income tax benefit (expense)                              (800)        (800)
                         ----------    -----------     ---------     ----------
Net profit (loss)      $   (202,996) $   (128,304) $    (290,051)   $ (308,157)
                       ============    ===========     ==========    ==========

Basic and diluted (loss)
 earnings per share     $    (.015)   $      (.01)  $      (.02) $       (.02)
                      ============    ============      =========     =========
Shares used in the
calculation of net
(loss) income per share 13,373,505    12,905,505       13,373,505   12,905,505
                       ============    ===========      ==========  ===========


                              See Accompanying Notes

<page>


                      Original Sixteen to One Mine, Inc.
                           Statement of Cash Flows
         Nine Months Ended Sept. 30, 2009 and Sept. 30, 2008

                                             Nine Months Ended Sept. 30,
                                               2009                   2008
                                         --------------         --------------
Cash Flows From Operating Activities:

Net profit (loss)
  Operating activities:                       $  (290,051)         $ (308,157)
     Depreciation and amortization                  14,693              14,706
     Gain on sale of asset                            -                    -
     (Increase)Decrease in
        accounts receivable                       (10,946)               (607)
     Decrease(Increase) in inventory               270,315              61,224
     (Increase)Decrease in other
       current assets                                   -                  625
     (Decrease) increase in accounts payable
       and accrued expenses                        230,703             181,029
    (Decrease) increase in short term notes      (357,045)              31,513

                                              ------------          ----------
  Net cash (used) provided by
     operating activities                        (142,331)            (19,667)
                                              ------------          -----------

Cash Flows From Investing Activities:

  Removal of mining claims                         143,263             -
  Proceed from sale of fixed asset                     -                -
  Other assets bonds misc. deposits                    -                -
                                              -----------        -----------
  Net cash (used) provided by
    investing activities                           143,263              -
                                                -----------         -----------

Cash Flows From Financing Activities

   Increase (decrease) notes payable                    -                5,943
  Proceeds from sale of common stock                    -                  459
  Additional paid-in capital                            -               13,005
                                                -----------        ------------
  Net cash provided (used) provided by
    financing activities                               -                19,407
                                                ------------     ------------

  (Decrease) increase in cash                          932               (260)

Cash, beginning of period                                0                 642
                                                ------------       ----------
Cash, end of period                              $     932    $            382
                                               ============        ============

Supplemental schedule of other cash flows:

  Cash paid during the period for:

    Interest expense                         $       84,900        $     93,549
                                               ============        ============
    Income taxes                             $          800         $       800
                                               ============        ============

                              See Accompanying Notes
<page>

                        NOTES TO THE FINANCIAL STATEMENTS

I.  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 on maintenance-only status.  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 the 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 they are mined, gold specimens are 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.

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, 2009 and December 31,
2008, the results of operations and cash flows for the three-month & nine-month
periods ended Sept. 30, 2009 and 2008.  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.

General accounting principles do not allow the Company to adjust its real estate
to reflect market value, which has increased substantially.  Standing timber
values are not included as assets on the balance sheet.  These unreported
assets will significantly increase the Company's net worth.

There are over thirty 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.  It announced specific data
including a Vision Statement, Executive Summary, Use of Proceeds, Performa
Statement and critical review of the Company's strengths, weaknesses,
opportunities and threats.  This is available upon request.

In December of 2007, management elected to discontinue its exploration program
at the Sixteen to One Mine in favor of focusing its attention on surface and
underground repairs and maintenance.

BALANCE SHEET COMPARISONS

For the nine month period ended September 30, 2009:

Inventory decreased by $270,315 (43%) and Notes Due Related parties decreased
by $357,045 (57%) as a long-time creditor of the Company exchanged his debt for
gold.  The Company has an option to buy back the material.  Additionally a
portion of Notes Due Related parties was moved to Accounts Payable and Accrued
Expenses.  This was done to separate Michael Miller's accrued wages, from his
loans to the company.

Mineral property decreased by $143,263 (20%) due to the removal of the
unpatented mining claims from the Company's balance sheet.


STATEMENT OF OPERATIONS

Gold & jewelry sales for the three-month period ended Sept. 30, 2009 increased
by $56,149 (265%) compared to the same period in 2008 due to the change in the
value of the gold inventory based on the spot price of gold for the three-
months ended Sept. 30, 2008 combined with relatively low sales.  A decrease of
$32,642 was recorded which exceeded the three-month revenue of $11,435
resulting in negative net revenue for that period.  For the three-month
period ended Sept. 30, 2009 the valuation adjustment was a decrease of $20,323.
The valuation adjustment serves the dual purpose of correcting the booked
value of inventory as well as adjusting the cost of goods sold to reflect
actual gold prices.

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

For the three-month period ended Sept. 30, 2009 operating expenses decreased
by $16,455 (22%) compared to the same period in 2008 primarily due to a
decrease adjustment in accrued property tax expense related to the disposition
of the mining claims.

For the nine-month period ended Sept. 30, 2009 operating expenses decreased
by $122,068 (38%) due to the adjustment to accrued expenses explained above
as well as legal fees booked in 2008 related to the lawsuit with the California
District Attorney Association.  (See 2008 reports for details).

Other expenses increased by $49,224 (285%) for the three-month period
and increased by $137,037 (160%) for the nine-month period ended Sept. 30,
2009 compared to the same periods in 2008 primarily due to the loss
of $143,263 recorded as a result of the write-off of the Company's mining
claims in 2009.

SUBSEQUENT EVENTS

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

In July the Company and its president were served a complaint for damages in
Superior Court of the State of California, County of Sierra by the California
Regional Water Quality Control Board, Central Valley Region.  Both defendants
filed an answer on August 20, 2009 denying that the state is entitled to any
damages.  A case management hearing is scheduled for January 5, 2010.  The case
number is: No. 7019.

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, 2009.


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: March 17, 2010