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 Sept. 30, 2003       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 Sept 30, 2003, 12,746,046 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.
                                   Balance Sheet
                     Sept 30, 2003 and December 31, 2002

                                       Sept 30, 2003     December 31, 2002
ASSETS

Current Assets
   Cash                                  $      361             $        0
   Accounts receivable                          200                  7,321
   Inventory                                619,926                605,050
   Other current assets                       5,903                  7,238
                                         ----------             ----------
     Total current assets                   626,390                619,609
                                         ----------             ----------

Mining Property
   Real estate and property rights
      net of depletion of $524,145          181,091                181,171
   Real estate and mineral property         473,403                473,323
                                         ----------             ----------
                                            654,494                654,494
                                         ----------             ----------
Fixed Assets at Cost
   Equipment                                909,983                909,983
   Buildings                                159,487                159,487
   Vehicles                                 252,128                252,128
                                         ----------             ----------
                                          1,321,598              1,321,598
Less accumulated depreciation            (1,205,541)           (1,187,673)
                                         ----------             ----------
     Net fixed assets                       116,057                133,925
                                         ----------             ----------
Other Assets
   Bonds and misc. deposits                  16,185                 16,185
                                         ----------             ----------

     Total Assets                        $1,413,126             $1,424,213
                                         ==========             ==========

LIABILITIES & STOCKHOLDERS' EQUITY

Current Liabilities
Bank Overdraft                                  -               $       81
   Accounts payable &
      accrued expenses                   $  355,719                322,307
Due to related party                        120,940                 93,720
Notes payable due within one year           433,281                444,646
                                         ----------             ----------
     Total Current Liabilities              909,940                860,754
                                         ----------             ----------
Long Term Liabilities
   Notes payable due after one year          35,407                 57,883
                                         ----------             ----------
     Total Liabilities                      945,347                918,637
                                         ----------             ----------

Stockholders' Equity
   Capital stock, par value $.03:
     30,000,000 shares authorized:
     12,749,046 shares issued and
     outstanding as of June 30, 2002 and
     December 31, 2001                      424,868                424,868
   Additional paid-in capital             1,809,876              1,809,876
   (Accumulated deficit)
      retained earnings                  (1,766,965)           (1,729,168)
                                         ----------             ----------
     Total Stockholders' Equity             467,779                505,576
                                         ----------             ----------
Total Liabilities and
  Stockholders' Equity                   $1,413,126             $1,424,213
                                         ==========             ==========

                              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,
                             2003            2002           2003            2002
                           ------          ------          ------          -----
Revenues:
  Gold & jewelry sales  $    64,022   $   85,805      $   293,652   $   346,837
  Inventory Valuation
(decrease) or increase       51,658        11,035          40,140        81,073
                        -----------   -----------         --------      --------
     Total revenues         115,680        96,840          333,792       427,910
                        -----------   -----------         --------      --------
Operating expenses:
  Salaries and wages         19,175        32,868           59,721       291,896
  Contract Labor              6,111         4,875           49,169        16,679
  Telephone & utilities      28,593        38,028          100,452       106,490
  Taxes - property & payroll  8,309         7,355           25,647        45,430
  Insurance                   1,655         2,597            4,964        42,168
  Supplies                    2,262         6,572           13,357        53,448
  Small equipment & repairs   5,513         4,028            9,921        17,546
  Drayage                     6,998         5,227           12,848        16,343
  Corporate expenses          3,285         5,999           13,065         9,858
  Legal and accounting        2,892         3,272            7,415        31,098
  Depreciation & amortization  5,956       18,415           17,867        55,245
  Other expenses              2,442         1,187            8,492         8,354
                          ----------   ----------          -------       -------
  Total operating expenses   93,191       130,423          322,918       694,555
                         ----------    ----------         --------      --------
    Loss from operations    22,489      (33,583)           10,874      (266,645)

Other Income & (Expense):
  Other income (expense)   (16,205)        (9,538)        (47,871)      (52,042)
                         ----------    -----------        -------       --------
Profit (Loss) before taxes     6,284      (43,121)       (36,997)      (318,687)
                         ----------    -----------      ---------     ----------
Income tax benefit (expense)                                (800)          (800)
                         ----------    -----------      ---------     ----------
Net loss              $       6,284 $    (43,121) $    (37,797)  $    (319,487)
                       ============    ===========      ==========    ==========

Basic and diluted loss
   per share          $        .001  $      (.004) $        (.003)  $     (.025)
                      ============    ============       =========     =========
Shares used in the
   calculation of net
   loss income per share 12,744,046    12,744,046        12,744,046   12,744,046
                       ============    ===========       ==========  ===========


                              See Accompanying Notes

<page>


                      Original Sixteen to One Mine, Inc.
                           Statement of Cash Flows
         Nine Months Ended Sept. 30,2003 and Sept. 30, 2002

                                             Six Months Ended June 30,
                                               2003                   2002
                                         --------------         --------------
Cash Flows From Operating Activities:

Net loss                               $       (37,797)        $    (319,487)
Adjustment to reconcile difference between
net loss and change in retained earnings                               10,874
  operating activities:
     Depreciation and amortization               17,867                55,245
     (Increase)Decrease in
        accounts receivable                       7,121                14,479
     Decrease(Increase) in inventory             (14,876)             147,419
     (Increase)Decrease in other
       current assets                             1,335                 6,996
     (Decrease) increase in accounts payable
       and accrued expenses                      33,412                93,245
    (Decrease) increase in short term notes       15,856               82,257

                                            ------------           ----------
  Net cash (used) provided by
     operating activities                        22,918                91,028
                                           ------------           -----------

Cash Flows From Investing Activities:

  Purchase of fixed assets                                           (11,935)
  Other assets bonds misc. deposits                                  (16,185)
                                            -------------         -----------

  Net cash used by
    investing activities                                             (28,120)
                                            -------------         -----------

Cash Flows From Financing Activities

  Increase (decrease) Bank overdraft                 (81)              (12,430)
  Increase (decrease) notes payable              (22,476)              (61,301)
  Proceeds from sale of common stock               -
  Additional paid-in capital                                            (5,777)
                                               ------------        ------------
  Net cash provided (used) by
    financing activities                          (22,557)             (79,508)
                                               ------------        ------------

  Decrease (increase) in cash                          361            (16,600)

Cash, beginning of period                                0               23,469
                                                ------------         ----------
Cash, end of period                            $      361        $      6,869
                                               ============        ============

Supplemental schedule of other cash flows:

  Cash paid during the period for:

    Interest expense                         $     46,473          $     51,123
                                             ============          ============
    Income taxes                             $        800          $        0
                                             ============          ============

                              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, 2003 and December
31, 2002, the results of operations and cash flows for the three-month and six-
month periods ended June 30, 2003 and 2002.  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

Gold production during the third quarter was insufficient to offset
quarterly expenses.  Since the Sixteen to One Mine is well known for over one
hundred years as a unique gold deposit, predicting gold production is more
speculative than provable.  Independent crews have access to company maps and
records which allow them to select and explore for gold in areas favorable for
short term goals. Liberating the flooded levels of the mine remains a goal.
Difficulties continue due primarily to a lack of investment capital adequate to
improve the efficiency of pumping.  An improved system has significantly
reduced dewatering costs.  Due to the very nature of deep vein mining and the
disappointing results recently, no estimates are offered regarding the date of
accessing the 2400 foot level. 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

Gold inventory at December 31, 2002 ($605,050) increased $14,876 to $619,926 on
September 30, 2003.  Total current assets increased $6,781 during the nine
months ended September 30, 2003.  Total assets recovered value during the third
quarter compared to the second quarter.  At the end of the second quarter total
assets had decreased by  $41,392 compared to the year-end 2002 balance. At the
end of the third quarter the total decrease in assets was $11,087.  Both can
be attributed mainly to a $42 increase in the spot price of gold during the
third quarter.

Current Liabilities increased by $26,710 (3%).  Long-term liabilities decreased
by $22,476 (39%) as the Company continued to pay down its loans.

STATEMENT OF OPERATIONS

Revenues for the three-month period ending Sept. 30th increased by $18,840
(19%) compared to the same period in 2002, primarily due to an increase in
 the spot price of gold of $42 an ounce and the heavy demand for jewelry
quality quartz with gold.  For the nine-month period revenues decreased by $94,
118 (22%) compared with the same period in 2002 as a result of a scaled down
operation resulting in lower production.

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

1.  For the three-month period ending September 30, 2003 salaries, wages, and
contract labor decreased a total of $12,457 (33%) compared to the same period
in 2002.  For the nine-month period the decrease was $199,685 (65%).  This is
due primarily to a scaled down operation.

2. There was no significant change in the insurance expense for the three-month
periods ending September 30, 2003 and 2002.  For the nine-month period ended
September 30, 2003, there was a decrease of $37,204 (88%) compared with the
same period for 2002, due primarily to a significant decrease in Worker's
Compensation insurance.

3. Legal and accounting expense show no significant change for the three-month
periods ending September 30, 2003 and 2002. For the nine-month period ended
September 30, 2003, compared with the same period ended 2002 there is a
decrease of $23,683 (76%).  This decrease is mainly the result of the Company
not engaging an Independent Auditor to review the 2002 year-end financial
statements.

4.  For the three-month and nine-month periods ending Sept 30, 2003
depreciation expense decreased $12,459 (68%) and $37,378 (68%) respectively
compared to the same periods in 2002.  This is due to the prior write-off of
development costs.

5.  For the three-month period ended Sept 30, 2003, the Company recorded a
profit of $6,284 (before taxes) compared to a loss $43,121 (before taxes) for
the same period in 2002. This is due primarily to management's efforts to cut
expenses, increases in the spot price of gold and the high demand for jewelry
quality gold laced quartz.  For the nine-month period ended September 30, 2003,
the Company recorded a loss of $37,797 (before taxes) compared to a loss of
$319,487 for the same period in 2002.  The difference is attributed to
refocusing the operation during a difficult financial cycle.

LIQUIDITY AND CAPITAL RESOURCES

The Company's liquidity is substantially dependent upon the results of its
operations.  While the Company does maintain a gold inventory which it can
liquidate to satisfy working capital needs, there can be no assurance that such
inventory will be adequate to sustain operations if the Company's gold mining
activities are not successful.  Because of the unpredictable nature of the gold
mining business, the Company cannot provide any assurance with respect to long-
term liquidity.  The Company's operation most likely will 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
The Company disagrees with citations issued by the Federal Mine Safety and
Health Administration (MSHA) and California Occupational Safety and Health
Administration (CalOSHA).  These matters are at the administrative level and
are being addressed by the Company's management.

On February 13, 2003, Sierra County Superior Court Judge Stanley Young
dismissed all charges against the company and its employees in the parties'
motion to set aside.  The charges were filed by and prosecuted by the
California District Attorney Association, (CDAA) a non-government, non-profit
corporation.  CDAA received a grant from the California Department of
Industrial Relations to assist the District Attorney in rural counties in cases
where the District Attorney sought assistance  The Company is reviewing the
prospects of recovering damages from the private association.

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 Sept
30, 2003.

SUBSEQUENT EVENTS

On October 31, 2003, the Company notified shareholders of its intention to
issue treasury stock in the Mister Pocket Private Placement.  Management has
elected to finance its future development in two steps.  The first funding is
via a Private Placement for $1 million.  The next funding will be a public
offering, if necessary sometime in the future.  The Public Offering is under
consideration only.  Many factors will be evaluated before a prospectus is
prepared.  The newsletter notifying shareholders is posted at www.origsix.com.

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 20, 2003