October 31, 2010

USA, 1869: McAllister's Catalogue


1869: 1 Troy Ounce Platinum (UK: Wire, Retail) = $ 6.81 /USD$ 9.06 (£ 1.40)

1869: 1 Troy Oz. Platinum (Germany: Scrap, Ret.) =    (Thl 5.70; 14.256; ~ £ 0.86)
1869: 1 Troy Oz. Platinum (Germ.: Wire & Foil, Ret.) =     (Thl 9.33 ; 24.624 ~£ 1.40)  
1869: 1 Troy Oz. Platinum (Paris Mfg, Bulk rate) = $ 4.60 (Fr 23.33) 

In 1868/9, the Continental and English Prices for manufactured Platinum were nearly identical. 
   
1868: 1 Troy Oz. Platinum (German Market) ~ DM 17.885 (£ 1.33)  
1869: 1 Troy Oz. Platinum (UK Market) = £ 1.34 ($ 6.52 ; USD$ 8.67)

The price of semi-manufactured Platinum was considerably higher than Gold in McAllister's Catalogue (24th Ed.)  Platinum Strips were about 2x more expensive than pre-War prices; Grove's batteries 69% higher likewise.  (McQueen's 1859 Catalogue had shown identical prices to McAllister's 1855 Catalogue.) 

Codman & Shurtleff's Catalogue offered Platinum at ~30% less, circa 1870. In 1872, Platinum prices in NYC were yet half as much, suggesting wholesale (or specie) prices collapsed circa 1870.

1869: 1 Troy Oz. Platinum (semi-mfg, whols.) = USD$ 24. ($18. in Gold)

Citation: A Priced and Illsutrated Catalogue of Meterological and Philosophical Instruments and School & Chemical Apparatus, Manufactured and Sold by W. Mitchell McAllister, 728 Chestnut St. Phila. PA :24th Ed. 1869  pp. 68








c. 1869? 1 Troy Oz. Platinum (semi-mfg, whols.) = $ 14. - 18.66 (USD$ 18.61 - 24.82)

Citation: "Descriptive and Illustrated Catalogue of Philosophical Instruments / Illustrated Catalogue of School Apparatus" H.B. & W.O. Chamberlain (c.1870) pp. 13; 24



Platinum Bichloride also witnessed rising price in the late 1860s.  The double salt was ~28% pure Pt; the fluid ounce ~0.5 English Troy Grains.


1865: 1 Troy Ounce Platinum (28% salt, whols.) = $ 1.65 

1865: 1 Troy Oz. Platinum (28% salt, whols.) = $  5.88

$ 1.57 (USD$ 2.47)

1865: 1 Troy Oz. Platinum (semi-mfg, whols.) = $ 18.90 - 23.60

1868: 1 Fluid Oz. Platinum Chloride (PtCl2, Ret.) = $ 1. (USD$ 1.17)


1868: 1 Troy Oz. Platinum (PRESUMED refined, semi-mfg, whols.) ~ USD$

1869: 1 Fluid Oz. Platinum (solution, trade) = $ 2.0 (USD$ 2.66)
1869: 1 Troy Oz. Platinum (see above) = $18. (USD$ 24.)
1869: 1 Troy Oz. Platinum (avg. price; see below)  ~$10.40 (USD$ 13.83)
 
1872: 1 Fluid Oz. Platinum (solution, whols.) = $ 0.75 (USD$ 0.84)
1872: 1 Troy Oz. Platinum (semi-mfg, whols./ret.) = $10. - 16.80. (USD$ 11.17 - 18.77)




1868:

1869:

March, 1869: Tillotson's Advertisement, Chicago IL

Citation: Journal of the Telegraph, Vol. 2; (Mar. 1869 Supplement p.3) Western Union Telegraph Company



Like other PMs, the (dry) Platinic Salt was 10x the Price of Platinum in Solution (fluid.)

1872: 1 Fluid Oz. Platinum Chloride (PtCl2, Ret.) = USD$ 0.75
1872: 1 Troy Oz. Platinum Chloride (PtCl2, Ret.) = USD$ 7.50 (USD$8.78)
1872: 1 Troy Oz. Platinum (Semi-Mfg, Whols.) = USD$ 12. - 14.40

1872:

1868: 1 Troy Oz. Platinum (IV) Chloride (PtCl4) = £ 1.60 (USD$ 10.93)

1868?

1865-72: 1 Troy Oz. of Platinum (Semi-mfg, Retail) = $ 11.62 (USD$ 16.36)

Citation: Dental summary, Vol. 36 (1916) p.249
 




US Imports, $101,635.

US Imports:



Incorrect price-guess ("valued at $4.")  If the Platinum planchet was 3.5% Cu, 7.5 Grams Pt (@£ 1.40/Ozt = £ 0.3378) the retail market value of Platinum in the planchet would be ~£ 0.358; 36% the coin's purported value.  Scrap sold in London @ ~£ 1.00/Ozt; a Scrap-Ask for the planchet would be ~£ 0.26; 26% the coin's purported value. 

Estimating Tools and Risk-Cost (double the salary of a gold worker), an approximate First Cost-Basis for re-gilded Counterfeit Platinum can be guessed. "Value" to the counterfeiter should be understood as Profit (unknown); false coin was generally discounted through fencing and other accessory criminal operations.  "Value" at market is otherwise simply the intrinsic Market price of Platinum in a finished, refined state.

The counterfeit Napoleon in Platinum was estimated to be worth Fr. 4. in 1875.


1869: 1 Troy Oz. platina (NYC: 85% Ore?) = $ 4.00 (USD$ 5.33)
1869: 1 Troy Oz. Pt (CA: .999 Ore ) = $ 4.71 (USD$ 6.27)
1869: 1 Troy Oz Pt Labor = $ 0.60 (USD$ 0.80)
1869: 1 Troy Oz. Platinum (USA: First Base Cost) = $ 5.31 (USD$ 7.07) 
1869: 1 Troy Oz. Platinum (USA: +25% Profit) ~ $ 6.64 (USD$ 9.20)

1867: 1 Troy Oz. Pt (SPb: Ore @ .999) = $ 2.88; USD$ 3.99
1867: 1 Troy Oz. Pt (European Labor, Recycled Platinum) = $ 1.52; USD$ 2.11
1867: 1 Troy Oz. Pt (Counterfeiter Wage: US Labor, Goldworker x2) ~$ 3.40 
1867: 1 Troy Oz. Platinum (First Base Cost, Illicit) ~ $ 7.80 (USD$ 10.81)

1869: 1 Troy Ounce Platinum (Scrap?) = $ 4. (USD$ ) 
 
1870: 1 Troy Oz. Platinum (Trade: Semi-mfg) = $ 6. - 8. (USD$ 6.89 - 9.19) 
1870: 1 Troy Oz. Platinum (Counterfeiter Coin: Tool & Labor Cost?) ~$ 2.00  

1870: 1 Troy Oz. Platinum (First Cost, Illicit)~ $ 8.-10. (USD$ 11.08-13.85 )
  
Citation: The Numismatist: An Illustrated Monthly Magazine..., Vol. 34





Freight: (NYC-Brest) was $0.219428572/Ozt.

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