Settlers looking for precious metals were in the area as early as 1874. As the number of mining camps grew, Crested Butte thrived as a supply center, and the town was incorporated in 1880. As the gold and silver played out, the mining of nearby high quality bituminous coal supported the economy. The Colorado Fuel and Iron Company and its predecessors developed coal mines and coke ovens, making the Crested Butte area the state’s leading mountain coal operation by 1882.