December 15, 2011

USA, 1890: 2-Sigma Event for Pt Price

March, 1890: 1 Troy Oz. Platinum (Mkt) ~ USD$ 14.

Citation: Congressional Edition, Vol. 2775 
 

 




No contemporaries bothered to record/detail the 1890 Platinum Price Bubble in the US market, but two sources attempted to chart the dramatic price moves in Marks (Platinum) and Shilling (Ore.)

Refined Platinum on the German market:

Citation: Chemist & Druggist, Vol. 40 (4/16/1892) p.566


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


January, 1890
: 1 Ozt. Platinum (mkt) = USD$ 8.

May, 1890: 1 Ozt. Platinum (mkt) = USD$ 11.50
June, 1890: 1 Ozt. Platinum (mkt) = USD$ 13.
Late October, 1890: 1 Ozt. Platinum (mkt) ~ USD$ 25.

January 11, 1890:

 Citation: Engineering and Mining Journal, 1/11/90; Vol. 49-50, p.77
 

March, 1890: In Philadelphia chemists' circulars, sharply advancing prices (and scarcity) in photographers' platino-salts was noted by early March, 1890. By allusion, the early advance to occurred in sometime in January.




April 12, 1890:

Citation: Engineering and Mining Journal, 4/12/90; Vol. 49-50, p.440

Mid-May, 1890:
Citation: Western Electrician 5/24/90; p.292



May 1890: 1 Ozt. Platinum (Numismatic) = USD$ 35.77 (£ 7.34)
May 1890: Est. 33.9 g Platinum Medal (Numismatic) = USD$ 39. (£ 8.)






July 12, 1890:

Citation: Anthony's Photographic Bulletin, Vol. 21, No.13. 7/12/1890; p.390


 

c.August, 1890: 1 Ozt. Platinum (Semi-Mfg, Trade) = USD$ 19.20

Citation: Price list of physicians' supplies [manufactured by] Chas. Truax & Co. (1890) p.113


July, 1890: Erroneous, old price


October 6, 1890:
Citation: Engineering and Mining Journal, 10/6/90; Vol. 49-50, p.469



Citation: Engineering and Mining Journal, 10/11/90; p.434


 
December, 1890: 1 Troy Ounce Platinum (Semi-Mfg, whols.) ~ USD$ 9.
 c.September, 1890: 1 Troy Ounce Platinum (Semi-Mfg, whols.) = USD$ 20.

c. 10/1/1890:


Late October, 1890: Platinum More Expensive Than Gold! 

Citation: Anthony's Photographic Bulletin, Vol. 21, No.21; 11/12/1890; p.648

 

Late October, 1890: Platinum wire nearly 300% more expensive
 

Citation: The Telegraphic Journal & Electrical Review, 1890; pp.
 

 

November 8, 1890:
Citation: Engineering and Mining Journal, 11/8/90; Vol. 49-50, p.564

 
December 6, 1890:
Citation: Engineering and Mining Journal, 12/6/90; Vol. 49-50, p.668

 

December 27, 1890:
Citation: Engineering and Mining Journal, 12/27/90; Vol. 49-50, p.760



USGS briefly summarized the Platinum Spike, 1889-90:



1889-91: Destabilization of the Silver Standard may have encouraged a form of commodity speculation in Russia, particularly for those merchant houses trading heavily with the USA.





1890/1: Base-metals didn't witness a price-hike, either.



The price of Platinum rose dramatically in 1889, evidently an attempt at 'cornering the market.' It was suggested that dental patent holders & manufacturers were the culprits, in the 50% price hike.

1888/9: 1 Troy Ounce Platinum (manufactured, wholesale) ~ USD$ 15.00

Citation: See @nd Ed., Dental chemistry and metallurgy, Clifford Mitchell (1889) Page 200?


1889: 1 Troy Ounce Platinum (manufactured, wholesale) = USD$ 14.- 16.

Citation: The Electrical engineer, Vol. 6 (1890) p.564







Citation: Pacific Coast Dentist, Vol. 2, Southern California Dental Association (1893) p.130



May 1890: 1 Troy Ounce Pt (Source) = USD$ 11.50

Citation: Western Electrician, Vol. 6 5/24/1890 p.292
 
 Early 1890: 1 Troy Ounce Platinum (mkt) = USD$ 17.

c. mid-1890:

 

1890: 1 Troy Ounce Platinum (1890 Peak) = USD$ 22.

Summer 1890 (UK):




1890:

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