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By 1876 Nevada produced over half of all the precious metals in the United States.

The Comstock produced silver and gold ore valued at hundreds of thousands of dollars.

It is part of the Reno–Sparks Metropolitan Statistical Area.

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The wealth supported the Northern cause during the American Civil War and flooded the world monetary markets, resulting in economic changes.

Virginia City's silver ore discoveries were not part of the California Gold Rush, which occurred 10 years before.

In another story, the "Ophir Diggings", were named in honor of "Old Virginny" by the miners, in recognition of James Finney being "one of the first discoverers of that mining locality, and one of the most successful prospectors in that region." Finney "was the best judge of placer ground in Gold Canyon", locating the quartz footwall of the Ophir on 22 Feb.

1858, located the placers on Little Gold Hill on 28 Jan. After the discovery of the Comstock Lode in 1859, the town developed seemingly overnight on the eastern slopes of Mount Davidson, perched at a 6200-foot elevation.

Below the town were dug intricate tunnels and shafts for silver mining.