January 9, 2011

USA, 1889: Merck's Catalogue

DSQ 

Prices cited in Engineering and Mining Journal, Vol. 47, presumably avoirdupois.


January, 1889: 1 Troy Ounce Platinum (Mkt.) = USD$ 8.78
February, 1889: 1 Ozt Platinum (Mkt.) = USD$ 8.91
March-June, 1889: 1 Ozt Platinum (Mkt.) = USD$ 9.60

January, 1889:



February, 1889:


March, 1889:



1889: 1 Troy Ounce Platinum (Fran.: Wholesale Cost, Bulk) ~ USD$ 5.42 (Fr 27.99)

1889: 1 Troy Oz. Platinum (Fran.: Wholesale Cost, Bulk) ~ USD$ 6.62 (Fr 34.21) 


Jan. 1889: 1 Troy Oz. Platinum (Mkt) ~USD$ 7.347 (ℳ 31.104)
Feb. 1889: 1 Troy Oz. Platinum (Mkt)
~USD$ 7.347 (ℳ 31.104)
Mar. 1889: 1 Troy Oz. Platinum (Mkt)
~USD$ 8.081 (ℳ 34.214)
Apr. 1889: 1 Troy Oz. Platinum (Mkt)
~USD$ 8.081 (ℳ 34.214)
May 1889: 1 Troy Oz. Platinum (Mkt)
~USD$ 8.081 (ℳ 34.214)
Jun. 1889: 1 Troy Oz. Platinum (Mkt)
~USD$ 8.081 (ℳ 34.214)
Jul. 1889: 1 Troy Oz. Platinum (Mkt)
~USD$ 8.081 (ℳ 34.214)
Aug. 1889: 1 Troy Oz. Platinum (Mkt)
~USD$ 7.714 (ℳ 32.66)
Sep. 1889: 1 Troy Oz. Platinum (Mkt)
~USD$ 7.714 (ℳ 32.66)
Oct. 1889: 1 Troy Oz. Platinum (Mkt)
~USD$ 7.347 (ℳ 31.104)
Nov. 1889: 1 Troy Oz. Platinum (Mkt)
~USD$ 7.898 (ℳ 33.436)
Dec. 1889: 1 Troy Oz. Platinum (Mkt)
~USD$ 8.816 (ℳ 37.324)

Avg. German Price, 1889:  1 Troy Oz. Platinum (Mkt) = USD$ 7.90 

January, 1889: 1 Troy Ounce Platinum (Market) = USD$ 8.00
1889: 1 Troy Oz. Platinum (Mkt: Semi-Mfg.) = USD$ 8.50
December, 1889: 1 Troy Oz. Platinum (Import: Semi-Mfg.) = USD$ 10.00 November, 1889: 1 Troy Oz. Platinum (Scrap: Bid) = USD$ 14.00
December, 1889: 1 Troy Oz. Platinum (Mkt.) ~ USD$ 14.


Citation: The Manufacturer and Builder, Vol. 23, Ed. Peter Henri V. Weyde, William H. Wahl (1891)
 
 
Report on mineral industries in the United States at the eleventh census, 1890 ;  David Day


Citation: Congressional Edition, Vol. 2775 p.166



Citation: Mineral resources of the United States, Vol. 7 US Geological Survey p.144



January, 1889: Merck's trade prices (in US apothecary grains, not grammes) are extraordinarily high, but the quality control was superior.

Wire & sheet sold at the same price in 1889.


1889: 1 Troy Oz. Platinum (Merck's Index; wire/sheet) = USD$ 16.
1889: 1 Troy Oz. Palladium (Merck's Index) = USD$ 64.
1889: 1 Troy Oz. Iridium (Merck's Index) = USD$64.
1889: 1 Troy Oz. Osmium (Merck's Index) = USD$ 96.
1889: 1 Troy Oz. Rhodium (Merck's Index) = USD$ 176.
1889: 1 Troy Oz. Ruthenium (Merck's Index) = USD$ 160.


1889: 1 Troy Oz. Silver (Merck's Index) = USD$4.
1889: 1 Troy Oz. Gold (Merck's Index) = USD$ 56.




















c.1889: 1 Troy Oz. Osmium (ore?, whols.) = USD$ 35. - 40.

1890:


The original source was a July 1889 journal.  The US and German Platinum Prices in June 1889 are identical.

January, 1888: 1 Troy Oz. Platinum (ingot, 85%, mkt) = USD$ 6.
June, 1889: 1 Troy Oz. Platinum (ingot, 85%, mkt) = USD$ 8.

Citation: American journal of dental science, Vol. 23, American Society of Dental Surgeons, Florida Dental Society, Georgia Dental Association, South Carolina Dental Association (1890) p.225




October 1889: September 1889 News, August hike? Error in price rise.

Gideon Sibley Platinum Pins were first advertised c.1879-80. An 80% price hike

1879: 1 Troy Oz. Platinum (London, Trade) = $   (£ 1.50)
August, 1889: 1 Troy Oz. Platinum (London, Trade) = $   (£ 2.70)


 

 



c.1889: 6-Roubles weighed 20.7066 Grams, .970 Fine Pt, so the Platinum Rouble was only 18% more valuable than the Silver Rouble, but Dickerman's cites the pre-1886 Russian Silver rate.

c.1889: 1 Troy Oz. Platinum (Coined Rouble, Scrap?) = $ 6.91 

Citation: Dickerman's United States Treasury Counterfeit Detector (1890)



George Tieman & Co.'s Catalogue (1889) records Platinum spoons @ USD$ 4. per; Blowpipe w/ platinum point $3.

February, 1889:
Citation: Congressional serial set: Report of the Secretary of the Navy; United States. p.738


1889/90: US tax on foreign Platinum added significantly to the retail cost.

November, 1889: 1 Troy Oz. Platinum (Scrap: Bid, Barter) = USD$ 14.00




Rhodio-Platinum Wire:
 

New York: Platinum Wire, 1883-1898

Citation: Journal of the Franklin Institute, Vol. 146 Franklin Institute (Philadelphia, Pa.: 1898) p.210.

 
French dental "platina" actually a Silver Alloy: 83/17 Ag-Pt to 65/35 Ag-Pt
  




These are industrial or market prices, mid 1889?






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