May 27, 2010

UK, 1894: Tale of a British Platinum Thief

In 1893, the UK producer's profit appares to have been 1/3rd the European market value for refined Platinum.

1894: 1 Troy Ounce Platinum (Mfg, Whols.) = £ 2. (USD$ 9.78)

1894: 1 Troy Ounce platina (London: Chocó ore, 83%?) = £ 1.15
1894: 1 Troy Oz. platina (UK: Chocó ore, at purity) = £ 1.38
1894: 1 Troy Oz. Pt (UK Refiner Cost) ~ £ 0.1250
1894: 1 Troy Oz. Platinum (First Base Cost) = £ 1.50 
1894: 1 Troy Oz. Pt UK Producer Profit ~ £ 0.50
 



C. 1894:
1894/5: 1 Troy Oz. Platinum (refined) = £ 2.22 (USD$ 10.83)


Citation: Western Druggist, Vol. 18 (1896) p.269


Where 2 Zolotnik 41 Dolya of pure Platinum = 10.3533 Grams, but verified 3-Rouble Weight at ~10.37 Grams,
 


February 1894: 1 Troy Oz. Platinum (Coined) = £  (USD$ )

Citation: The Numismatic Circular, Volumes 2-4 Feb. 1894 p.588



c. July 1894:


Australia:

Assuming 5% Shipping and £ 0.0625 Refining Cost:

1894: 1 Ozt. platina (UK: NSW.769) = £ 1.3113
1894: 1 Ozt. platina (UK: NSW.769, net S/H) = £ 1.2458
1894: 1 Ozt. Pt (UK: NSW.999) = £ 1.705
1894: 1 Ozt. Platinum (UK: NSW.999, net S/H, refined) = £ 1.6825

1894: 1 Ozt. Platinum (Producer Cost: NSW Ore, Ref.) ~ £ 1.77











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