July 25, 2010

USA, 1873/1875/1900: Metal Prices, Compared

Given the well-known price of silver was falling sharply, with strong likelihood that Silver the most accurate quotation,  a stated silver price of $1.29 a troy ounce specifies 1873.  (Some other metals price data might be somewhat earlier, not later.)

These types of estimations are broad, inexact and not market prices. For example, at the same time, Johnson, Matthey & Co's 1873 Vienna Catalogue cited Ruthenium for 3x as much.

c.1873: 1 Troy Ounce of Ruthenium = $96.
c.1873: 1 Troy Ounce of Rhodium = $ 48.
c.1873: 1 Troy Ounce of Palladium = $ 44.79
c.1873: 1 Troy Ounce of Osmium= $ 22.30
c.1873: 1 Troy Ounce of Platinum = $ 7.90 

Citation: Catechism of money: a hand-book on finance, in the interest of honest money ...By Joseph P. Root (1876) p.236


This list was published in 1875 from earlier sources and with dubious forex, perhaps 1871/2?

Citation: The chemist's manual: a practical treatise on chemistry, qualitative and ...  By Henry Augustus Mott



Circa 1875:
1875: 1 Troy Ounce of Ruthenium = $89.50
1875: 1 Troy Ounce of Rhodium = $ 70.84
1875: 1 Troy Ounce of Palladium = $ 34.18
1875: 1 Troy Ounce of Osmium= $ 44.74
1875: 1 Troy Ounce of Platinum = $ 8.39

Citation:  The universal assistant, and complete mechanic: containing over one million ...  By Richard Moore (1882) p.123

In the last quarter of the 19th C., the cost of importation from chemical & apparatus producers was "more than half the European price," according to contemporary US government sources.

1876:
Citation:  The universal assistant, and complete mechanic: containing over one million ...  By Richard Moore (1882) p.123




Circa 1883: The spot price for Silver was $1.12, nowhere near the $1.37 suggested.  Presumably, these are retail prices!

1883: 1 Troy Ounce of Ruthenium = $ 164.61
1883: 1 Troy Ounce of Rhodium = $157.75
1883: 1 Troy Ounce of Palladium = $96.
1883: 1 Troy Ounce of Osmium= $ 89.16
1883: 1 Troy Ounce of Platinum = $ 10.29

Citation:  J.A. Berly's universal electrical directory and advertiser By Jules Albert Berly (1884), p.5





Circa 1900:
1900: 1 Troy Ounce of Ruthenium = $ 102.88
1900: 1 Troy Ounce of Rhodium = $68.59
1900: 1 Troy Ounce of Palladium = $41.15
1900: 1 Troy Ounce of Osmium= $ 0.82
1900: 1 Troy Ounce of Platinum = $ 17.50







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