December 12, 2010

UK, 1870: Numismatic Value

1868/9: 1 Troy Oz. Platinum (ingot, market) = £ 1.20 (USD$ 8.20)

Presumable ore at the intrinsic rate, Dr. Alexander Jamieson's London price record for wholesale Platinum Sponge (1870-93) may be compared to this other records, (presumably, currency adjusted for fineness to Spot-Price for import crude ingot & Ural ore.)

Citation: The Electrical Engineer, Vol. 15, No. 254, 3/15/1893 p.268

1870: 1 Troy Oz. Pt (London, bulk) ~ £ 0.90 (USD$ 5.03)



1870: 1 Troy Oz. Platinum (semi-mfg, retail) ~ £ 2.38 (USD$ 13.88) 
1870: 1 Troy Oz. Platinum (Semi-mfg, Whols./Ret.) = £ 1.60 (USD$ 8.94)

Citation: Catologue of Optical, Mathematical & Philosophical Instruments Manufactur'd & Sold by Wm Ladd, (1870) p.19


1870: 1 Troy Oz. Platinum (Money changer's rate) = £ 1.43 (~USD$ 8.0)

Citation: The Coin Book ; Isaac Smith Homans, Robert Mushet (1871) p.197


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