Catalogue prices of simple platinum manufactures provides the closest approximation for refined, pure ingot prices. The Troy Ounce Price of refined Platinum may be estimated from the prices of a "platinum crucibles." Over various time-frames, Platinum price changes (especially from any one merchant) do indicates both trend and determining whether or not Platinum was an effective deflation/inflation hedge (against other UK manufactures' prices.)
In 1854, another UK catalogue offered a bulk rate for crucibles ~40% lower, with some unit prices -50% lower.
1854: 1 Troy Oz. Platinum (manufactured, whols.) = £ 1.10 (USD$ 7.32)
30 cc Crucible w/o Cover = 27.6 Grams
From 1852 - 1877, the UK manufactured price for Platinum crucibles rose nearly +40% ; at the same time, the price of bar silver fell -9.4% and general price inflation was +23%. Although the nominal Price of Gold was stable, with that 25-year inflation Gold lost nearly as much in relative value.
In the third quarter of the 19th Century, Platinum was a superior inflation hedge.
In 1852, the crucible unit price range was £ 1.48 - 1.85 (USD$ 7.25 - 9.)
1852: 1 Troy Oz. Platinum (mfg., whols.) = £ 1.60 (USD$ 7.84)
In the third quarter of the 19th Century, Platinum was a superior inflation hedge.
In 1852, the crucible unit price range was £ 1.48 - 1.85 (USD$ 7.25 - 9.)
1852: 1 Troy Oz. Platinum (mfg., whols.) = £ 1.60 (USD$ 7.84)
Citation: Gold-mining and assaying: a scientific guide for Australian emigrants (1852) p.171
In 1854, another UK catalogue offered a bulk rate for crucibles ~40% lower, with some unit prices -50% lower.
1854: 1 Troy Oz. Platinum (manufactured, whols.) = £ 1.10 (USD$ 7.32)
Citation: Descriptive and general catalogue of philosophical apparatus and chemical ... By Bland & Long (1854), p.14
In 1866, unit prices were +20% higher than in 1852, but more clearly defined and narrower in range, £ 1.92 - 2.04. Apparently, a trend towards greater transparency in pricing.
1865: 1 Troy Oz. Platinum (manufactured, retail) = £ 2.0 (USD$ 15.38)
In 1866, unit prices were +20% higher than in 1852, but more clearly defined and narrower in range, £ 1.92 - 2.04. Apparently, a trend towards greater transparency in pricing.
1865: 1 Troy Oz. Platinum (manufactured, retail) = £ 2.0 (USD$ 15.38)
(Add or subtract the cover-weight from the same diameter crucibles, to match same unit prices accordingly.)
10 cc Crucible w/o Cover = 12.575 Grams
15 cc Crucible w/o Cover = 14.58 Grams
20 cc Crucible w/o Cover = 22.83 Grams
10 cc Crucible w/o Cover = 12.575 Grams
15 cc Crucible w/o Cover = 14.58 Grams
20 cc Crucible w/o Cover = 22.83 Grams
1 Fl. Oz Crucible w/o Cover ~ 27.25 Grams
Citation: Chemical handicraft: a classified and descriptive catalogue of chemical ... By John Joseph Griffin, Cole Collection of Chemistry (1866), p.136
In 1877, the unit prices were higher, £ 2.50 - 2.88, rising +38% in 25 years.
1876: 1 Troy Oz. Platinum (manufactured, wholesale) = £ 2.55 (USD$ 13.70)
10 cc Crucible w/o Cover = 12.575 Grams
15 cc Crucible w/ Cover = 18.56 Grams
20 cc Crucible w/ Cover = 28.56 Grams
30 cc Crucible w/ Cover = 34.5 Grams
1 Fl. Oz Crucible w/o Cover ~ 34 Grams
1905:
Where 10 cc = 0.338 Fluid Ounce, 1 cc = 0.338 Fluid Ounce
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