August 18, 2010

UK, 1855: W. & S. Jones Catalogue (1853 - 1856)

Knight's Catalogue, dated 1851? and republished as late as 1857.

c.1851-5?: 1 Troy Oz. Platinum (Wire: Semi-Mfg, Trade) = £ 1.50 (USD$ 7.30)
c.1851-5?: 1 Troy Oz. Platinum (Foil: Semi-Mfg, Trade) = £ 1.60 (~USD$ 7.77) 


Citation: A Catalogue of the Different Apparatus and Instruments Described in Noad's Manual of Electricity, Part 1. Manufactured by George Knight & Co., Foster Lane, London in A Manual of Electricity: including Galvanism, Magnetism, Diamagnetism. Electro-dynamics, Magneto-electricity, and the Electric Telegraph ; Henry Minchin Noad (1855)



 






W.S. Jones Catalogue republished what might be the absolute lowest published retail Platinum price in the second half of the 19th Century: £ 1.20 per Troy Ounce. (That was likely a scrap price, merchants' discount or erroneous data: avoirdupois weight?) It is unknown how dated this price was, but it's highly inconsistent with other catalogues.

This would otherwise indicate a retail Platinum Low circa 1855. US and French catalogues do not indicate any price collapse, but another British catalogue (Ash & Sons) sold Platinum nearly that cheap; that may have been a Silver-Platinum Alloy.


Catalogue of optical, mathematical, and philosophical instruments, made and sold by W. and S. Jones, (30) Lower Holborn, London
(1855)
:


p. "Grove's platina battery, single or in sets, from 18s. [£ 0.9] to [£ 10.5]"
p.21: "Of Platina: Small retorts, crucibles, dishes, spoons, forecepts, thin rolled foil, wire, &c. per oz. 1 l. 4s. to 1l. 15s." 

 

Dated? 1855: 1 Troy Oz. platina (Ore, Bulk? Retail) = £ 1.20 (USD$ 5.81 - 5.87)
1855: 1 Ozt. Platina Alloy (Dental Semi-Mfg) = £ 0.9266 (USD$ 4.66 - 4.70)
1855: 1 Troy Oz. Platinum (Semi-Mfg, Trade) = £ 1.50 (USD$ 7.27 - 7.33)
1855: 1 Troy Oz. Platinum (Mfg, Trade) = £ 1.75 (USD$ 8.48 - 8.56

1855/6: Historical perspective.


Identical Theme but regrettably muddled by conversions. Although the source is a British company referring to it's very own catalogue (hence, the English Apothecary or Troy Ounce) the forex was 1907 and not 1855!

Dental Alloy cost ~ -36% cheaper.

In 1855, mineral teeth with gold tubes, simple or shaded, each Coin Mk 1.50, with platinum tubes per Coin Mk 1 -, mineral pieces of gum per tooth Mk 2 -.

Platinum foil and wire were sold in large pieces, and although the price of 26.50 Coin Marks per Ounce, platinum hard pattern to cut Mk 35, - per oz.

Even in the first half of 1906 Platinum Mk 103rd cost - per ounce and is now, as is well known, both according to the brisk demand, and due to the fact that platinum is a relatively rare metal, the price tremendously in the level skyrocketed, for not only the manufacturers of artificial teeth need platinum, but also ELECTRICAL industries. Dental alloy steel cost (in 1855) Mk 17 - per ounce...


In 1855 mineral cost teeth with gold tubes, simple or shaded, each Mk. 1.50, with platinum tubes each Mk. 1.-, mineral pieces with gum per tooth Mk. 2.-. 

Platinum foil and wire were sold in large pieces and that the prices of Mk 26.50 per ounce; Hard platinum patterned and cut Mk. 35.- per ounce. 

Cost in the first half of 1906 Platinum Mk. 103.- per ounce and now, according to both is, as is well known, the strong demand, as well as due to the fact that platinum is a relatively rare metal, the price tremendously in soared, for not only the manufacturers of artificial teeth need platinum, but also electrical industries. Dental alloy sheet cost (in 1855) Mk. 17.- per ounce...



Citation: Korrespondenz-Blatt fuer Zahnaerzte, Vol. 36 p.89
 

Robert Mushet's entry in The Encyclopedia Britannica dates between 1852-60, with a likely price c. 1855/6. It was re-published in 1873.  The "current value" (£ 0.4417) appears to be for 3-Credit Roubles (£ 0.4523), rather than 3-Roubles in Silver coin (£ 0.4755) at full-coin. The Platinum Coin is apparently factored 0.9755 Fine, without valuing the other metals, and  otherwise "1d" light.

1855: 1 Troy Oz. Platinum (Coin, Scrap) = £ 0.9241 (USD$ 4.52) 




  

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