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 Ozt. Platinum (Germany: Scrap, Ret.) =    (Thl 5.70; 14.256; ~ £ 0.86)
1869: 1 Ozt. Platinum (Germ.: Wire & Foil, Ret.) =     (Thl 9.33 ; 24.624 ~£ 1.40)  
1869: 1 Ozt. 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 Ozt. Platinum (German Market) ~ DM 17.885 (£ 1.33)  
1869: 1 Ozt. 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 Ozt. Platinum (Semi-Mfg, Cat.) = USD$ 24. ($18. in Gold)

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








http://www.sil.si.edu/DigitalCollections/trade-literature/scientific-instruments/files/52542/imagepages/image12.htm

24th Edition. A priced and Illustrated Catalogue of Meteorological and Philosophical Instruments and School and Chemical Apparatus, Maufactured and Sold by W.Mitchell McAllister (1869), p.10
 
"Platina Points for Lightning Rods

847. Platina Points etc., No. 01, each ..... $5.00
848. ......................................................... $3.50  
849. ......................................................... $2.50 
850. ......................................................... $ 1.75
851. ......................................................... $ 1.50
852. ......................................................... $ 1.25

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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