July 21, 2010

USA, 1885: Metal Prices, Compared

DSQ
1885: 1 Troy Oz. UK Platinum (Presumed; Scrap) ~USD$ 5.84 (~ £ 1.20)
1885: 1 Ozt. UK Platinum (Mfg* 2nd Class) = USD$ 6.57 (£ 1.35)
1885: 1 Ozt. UK Platinum (Semi-Mfg, Ret.) = USD$ 7.79 (~ £ 1.60)
1885: 1 Ozt. UK Platinum (UK Mfg) = USD$ 8.28 (~£ 1.70) 
 
In the USA, the commercial or retail value (demand) of refined, semi-manufactured Platinum (including Scrap) was firm: $7./Ozt.

For export, USA Ores were bought, regardless of other valuable PGMs, rated/valued exclusively on Platinum purity. Ore quality (in Pt) was declining, and so the 'falling price.' In fact, rated instead as Iridosmine, the US SF Spot for ore was competitive with but not greatly discounted to the Russian (Mkt) price.

1882: 1 Ozt. USA platina (NYC Bid: CA Ore, 75%) = USD$ 3.
1882: 1 Ozt. USA Pt (NYC Bid: Ore @ .999) = USD$ 4.

1883: 1 Ozt. USA platina (NYC Bid: CA Ore, 62.5%) = USD$ 2.50
1883: 1 Ozt. USA Pt (NYC Bid: Ore @ .999) = USD$ 4.

1883: 1 Ozt. USA platina (NYC Bid: CA Ore, 50%) = USD$ 2.
1883: 1 Ozt. USA Pt (NYC Bid: Ore @ .999) = USD$ 4.
  
1885: 1 Ozt. USA platina (SF Bid: 50% Ore) = USD$ 0.75
1885: 1 Ozt. USA Pt (SF Bid: Ore @ .999) = USD$ 1.50
1885: 1 Ozt. USA platina (50% Ore, +33% Commission, S/H) = USD$ 1.00
1885: 1 Ozt. USA Pt (Est. SF: Ore @ .999) = USD$ 2.00


Citation: Mineral resources of the United States, Vol. 2 (1886) p.577




1885: 1 Ozt. platina (CA Spot: CA,OR ore, 52% Pt): USD$ 0.75
1885: 1 Ozt. Pt (CA Spot: Ore, 52% Pt @ .999): USD$ 1.44

Citation Mineral Resources of the United States (1886) 



Oregon platina ore, 52% Pt.


Citation: Chemical news and journal of industrial science, Vol. 54  Sir William Crookes.. (1886) p.310

Where 100 Ozt of platina 52% ore was 52 Ozt of Pt, and

c. 1885: 
Where the 6-Rouble Coin was USD$ 4.50

1885: 1 Ozt. Platinum (Coined, Scrap) = USD$ 6.75

Citation: Illustrated Encyclopaedia of Gold and Silver Coins of the World;  Andrew Madsen Smith (1886)


Charles Welch's Dental Supply Co. (Est. 1879) undoubtedly offered this Scrap Bid for stock-in-trade, allowing profitable sale of his own products.

November, 1885: 1 Ozt. Platinum (Bid: Scrap) = USD$ 7. (Trade!)







 "Arthur Louis Kelsey" a lecturer? or "Kelsey Bros., Druggists"

1885: 1 Ozt. Platinum (Scrap, Retail) = USD$ 6.99
1885: 1 Ozt. Platinum (Mfg, whols./Used?) = USD$ 11.65

Citation: Annual Report of the Secretary to the Board of Regents;  University of California (1885) p.112



1885: 1 Ozt. Platinum (semi-mfg, import) = USD$ 7.75 
1885: 1 Ozt. Platinum (Import: Semi-Mfg & Mfg, trade) = USD$ 10.89

1885 purchases:







1885: 1 Ozt. Iridium (UK Refined) = USD$ 20.






The American Iridium Company of Cincinnati, a manufacturer of pens 

1885: 1 Ozt. Phospho-Iridium (Chemical) = USD$ 20.





Where 28.35 Grams cost Fr 2.50 - 7.50,

1885: 1 Ozt. Iridosmine (Ural Source: 44% Ore) = Fr. 2.74 (USD$ 0.5323)
1885: 1 Ozt. Ir (Ural Source: .999) = Fr. 6.23 (USD$ 1.21)

1885: 1 Ozt. Ir (SPb: Ural Ore@ .999) =  (USD$ )
1885: 1 Ozt. Ir (UK: Ural Ore@ .999) =  (USD$ )

1885: 1 Ozt. Iridosmine (Urals: 78% Ore) = Fr. 8.23 (USD$ 1.60)
1885: 1 Ozt. Ir (Ural Source: .999) = Fr. 10.69 (USD$ 2.07)
  
1885: 1 Ozt. Iridosmine (Urals: Select Ore) = Fr. 735.07 (USD$ 142.50)





Iridium Assay:



c.1885: 1 Ozt. Iridium = $74.76
c.1885: 1 Ozt. Osmium = $89.16
c.1885: 1 Ozt. Rhodium = $150.89
c.1885: 1 Ozt. Ruthenium = $164.61
c.1885: 1 Ozt. Palladium = $96. (error?)




Where 19.70 Pounds (USD$ 95.5


New York: Platinum Wire, 1883-1898


Citation: Journal of the Franklin Institute, Vol. 146 ; Franklin Institute (Philadelphia, Pa.: 1898) p.210.



US Imports:
 
 

Citation: California journal of mines and geology, Vol. 6 ;California, Division of Mines and Geology(1886)
   

Platinum Semi-mfg was imported, rarely manufactured in USA

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