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        <filer>
          <filerCredentials>
            <cik>0001632909</cik>
            <ccc>XXXXXXXX</ccc>
          </filerCredentials>
        </filer>
        <liveTestFlag>LIVE</liveTestFlag>
  
  
      </filerInfo>
    </headerData>
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      <issuerInfo>
        <issuerCik>0001599117</issuerCik>
        <issuerName>Mentor Capital, Inc.</issuerName>
        <secFileNumber>000-55323</secFileNumber>
        <issuerAddress>
          <com:street1>5964 CAMPUS COURT</com:street1>
          <com:city>PLANO</com:city>
          <com:stateOrCountry>TX</com:stateOrCountry>
          <com:zipCode>75093</com:zipCode>
        </issuerAddress>
        <issuerContactPhone>(760) 788-4700</issuerContactPhone>
        <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Billingsley Chester</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
        <relationshipsToIssuer>
          <relationshipToIssuer>Officer</relationshipToIssuer>
          <relationshipToIssuer>Director</relationshipToIssuer>
        </relationshipsToIssuer>
      </issuerInfo>
      <securitiesInformation>
        <securitiesClassTitle>common</securitiesClassTitle>
        <brokerOrMarketmakerDetails>
          <name>Wilson-Davis &amp; Co.</name>
          <address>
            <com:street1>236 South Main Street</com:street1>
            <com:city>Salt Lake City</com:city>
            <com:stateOrCountry>UT</com:stateOrCountry>
            <com:zipCode>84101</com:zipCode>
          </address>
        </brokerOrMarketmakerDetails>
        <noOfUnitsSold>208000</noOfUnitsSold>
        <aggregateMarketValue>8840.00</aggregateMarketValue>
        <noOfUnitsOutstanding>22941357</noOfUnitsOutstanding>
        <approxSaleDate>03/01/2023</approxSaleDate>
        <securitiesExchangeName>OTC Markets</securitiesExchangeName>
      </securitiesInformation>
      <securitiesToBeSold>
        <securitiesClassTitle>Common</securitiesClassTitle>
        <acquiredDate>01/08/2014</acquiredDate>
        <natureOfAcquisitionTransaction>Exercise of Warrants - 4/11/2000</natureOfAcquisitionTransaction>
        <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
        <isGiftTransaction>N</isGiftTransaction>
        <amountOfSecuritiesAcquired>208000</amountOfSecuritiesAcquired>
        <paymentDate>01/08/2014</paymentDate>
        <natureOfPayment>2080 cash</natureOfPayment>
      </securitiesToBeSold>
      <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
      <securitiesSoldInPast3Months>
        <sellerDetails>
          <name>Chester Billingsley</name>
          <address>
            <com:street1>5964 Campus Court</com:street1>
            <com:city>Plano</com:city>
            <com:stateOrCountry>TX</com:stateOrCountry>
            <com:zipCode>75093</com:zipCode>
          </address>
        </sellerDetails>
        <securitiesClassTitle>Common</securitiesClassTitle>
        <saleDate>01/23/2023</saleDate>
        <amountOfSecuritiesSold>208000</amountOfSecuritiesSold>
        <grossProceeds>10539.08</grossProceeds>
      </securitiesSoldInPast3Months>
      <noticeSignature>
        <noticeDate>03/01/2023</noticeDate>
        <planAdoptionDates>
          <planAdoptionDate>02/15/2023</planAdoptionDate>
        </planAdoptionDates>
        <signature>Chester Billingsley</signature>
      </noticeSignature>
    </formData>
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text: 144
  0001632909
  XXXXXXXX
  LIVE
  0001599117
  Mentor Capital, Inc.
  000-55323
  5964 CAMPUS COURT
  PLANO
  TX
  75093
  (760) 788-4700
  Billingsley Chester
  Officer
  Director
  common
  Wilson-Davis & Co.
  236 South Main Street
  Salt Lake City
  UT
  84101
  208000
  8840.00
  22941357
  03/01/2023
  OTC Markets
  Common
  01/08/2014
  Exercise of Warrants - 4/11/2000
  Issuer
  N
  208000
  01/08/2014
  2080 cash
  N
  Chester Billingsley
  5964 Campus Court
  Plano
  TX
  75093
  Common
  01/23/2023
  208000
  10539.08
  03/01/2023
  02/15/2023
  Chester Billingsley