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Condensed Balance Sheets (USD $)
Sep. 30, 2012
Dec. 31, 2011
CURRENT ASSETS    
Cash and cash equivalents $ 858,619 $ 750,947 [1]
United States Treasury securities 9,332,633 5,108,307 [1]
Royalties receivable 4,907,858 7,912,289 [1]
Prepaid expenses 29,707 2,110 [1]
TOTAL CURRENT ASSETS 15,128,817 13,773,653 [1]
NONCURRENT ASSETS    
United States Treasury securities 3,774,606 4,759,072 [1]
PROPERTIES    
Mineral and surface lands 39,479,708 39,479,708 [1]
Less: Allowances for accumulated depletion and amortization (37,723,777) (37,201,777) [1]
Mineral and surface lands, net 1,755,931 2,277,931 [1]
Building and equipment 316,816 316,816 [1]
Less: Allowances for accumulated depreciation (237,940) (212,560) [1]
Building and equipment, net 78,876 104,256 [1]
TOTAL PROPERTIES 1,834,807 2,382,187 [1]
TOTAL ASSETS 20,738,230 20,914,912 [1]
CURRENT LIABILITIES    
Accounts payable and accrued expenses 219,356 128,856 [1]
Distributions 5,250,000 8,625,000 [1]
TOTAL CURRENT LIABILITIES 5,469,356 8,753,856 [1]
NONCURRENT LIABILITIES    
Deferred compensation 209,600 209,600 [1]
Liability for pension benefits 977,590 1,642,113 [1]
TOTAL NONCURRENT LIABILITIES 1,187,190 1,851,713 [1]
TOTAL LIABILITIES 6,656,546 10,605,569 [1]
BENEFICIARIES' EQUITY, including certificate holders' equity, represented by 1,500,000 certificates (shares or units) of beneficial interest authorized and outstanding, and the reversionary interest 16,142,286 12,752,340 [1]
Accumulated other comprehensive loss (2,060,602) (2,442,997) [1]
TOTAL BENEFICIARIES' EQUITY 14,081,684 10,309,343 [1]
TOTAL LIABILITIES AND BENEFICIARIES' EQUITY $ 20,738,230 $ 20,914,912 [1]
[1] The balance sheet at December 31, 2011, has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.