Ref
Following the age-old Gold-Silver Ratio, the Price of Platinum was frequently expressed as a ratio to Silver and/or Gold. Comparing cited Platinum (and not ore) prices to London Bar Silver (see below), the ratio for refined ingot metals was never lower than 5:1 after 1867.
It appears the Platinum ratio was never below 4:1 after 1840, nor was it ever below 3.5:1 (1830-1).
1874: ~5.71/1
1875: ~5.4/1
1876: ~6.02/1
1877: ~5.83/1
1878: ~6.06/1
1879: ~6.25/1
1880: ~5.96/1
1881: ~6.19/1
1882: ~6.67/1
1883: ~6.8/1
1884: ~7.05/1
1885: ~7.58/1
In an excellent historical summary, the US Platinum Price 1867-1904 is borrowed from Raynor's Johnson & Matthey invoices (erroneously transcribed by Bullsman in 1892):
1867 - 1907: Silver Fell -51%
1868: 1 Troy Ounce Silver = USD$ 1.33
1907: 1 Troy Ounce Silver = USD$ 0.65317
1865 - 1904: Silver Fell -55.85%
1865: 1 Troy Ounce Silver = USD$ 1.3384
1904: 1 Troy Ounce Silver = USD$ 0.5909
USD$ Silver Chart:
The Value Changes of Gold & Silver, as estimated in the Pound Sterling against a broad Commodity Basket.
Citation: Money and currency in relation to industry, prices and the rate of interest, By Joseph French Johnson
Citation: Money and currency in relation to industry, prices and the rate of interest, By Joseph French Johnson
Gold-Silver Ratio, as estimated in the late 19th Century.
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