May 31, 2012

UK, 1864

1863: 1 Troy Oz. Platinum (SPb: Russian ingot, whols.) < £ 1.10 ($ 5.36)
1863: 1 Troy Oz. platina (whols., Colombian ore) < £ 1.10 ($ 5.36)


1864: 1 Troy Oz. Platinum (Mfg., Whols.) = £ 1.60
1865: 1 Troy Oz. Platinum (mfg., retail) = £ 2.00

The 4 oz. capsule weighed 900 grains, so £ 1.60 per Troy Ounce (presumably.)

Citation: Twelfth Report of the Science & Art Dept. of the Committee of Council on Education, Vol. 12 1865: p.259



Presumably, the tariffed platina price (Russian ingot, Colombian ore) ; actual spot-prices must have been lower.
Citation : Ures̓ dictionary of arts, manufactures and mines, Vol. 3 (1867) p.443

USA, 1866: Chamberlain's Catalogue (Boston)

A Boston retail merchant, H.B. & W.O. Chamberlain's Catalogue of Chemical Apparatus (1866? 1868?) pp. 24, 27 etc.
"Item No. 196. Crucibles, platina; drawing full size. The numbers represent, nearly, the fluid ounces capacity and Troy ounce weight. The covers are made so as to be used as capsules. These are not soldered, but are wrought, and are warranted not to crack; per grain, 4 cents; per gramme, 60 cents."
 
"Item No. 408. Platina Wire, per grain 3 cents, per gramme, ............................. .45"

"Item No. 467. Spatulas, platina, according to weight, per gramme, ................... .60"

c.1866: 1 Troy Oz. Platinum (Semi-Mfg, Small ) = $ 14.40
c.1866: 1 Ozt. Platinum (Semi-Mfg, per Ozt) = $ 14.
c.1866: 1 Ozt. Platinum (Mfg: Spoons, Spatulas, etc.) = $ 18.66

At the Gold Rate, refined Platinum cost at least 50% more in the USA than in the UK.

1865:
1 Ozt. Platinum (refined, UK mkt) = £ 1.24 ($ 6.06)
1866: 1 Ozt. Platinum (UK retail) = £ 1.60 ($ 7.31)
1865-72: 1 Ozt. Platinum (Trade, Average) ~ $ 10.40
1865-72: 1 Ozt. Platinum (Mfg @ Gold Rate) = USD$ 12.63 - 14.65

1865-72: Philadelphia price 
Citation: Dental summary, Vol. 36 (1916) p.249

 

1866: 1 Ozt. platina (California ore, other PGM?) = $ 6.
 
1866: 1 Ozt. platina (ore @ Gold Rate) = USD$ 8.45

Citation: Hettingers dental news, Vol. 1-6 (1866), p.71

 


Where a carboy of Sulphuric Acid was 15 Imperial Gallons (68.2 Litres), the daily production was 360 Imperial Gallons (1,636.6 Litres) 

Citation: Annual report of the American Institute of the City of New York, 1867 p.885
nnnn


S.S. White Catalogue, January 1867:

1866/7: 1 Troy Oz. Silver-Platinum (Dental: Alloy) = $ 6.


 
USA, 1866: Platinum Import, $107, 028.




July 20, 1866 Import: 3 pkgs Platinum for $3,807. = $1,269./per
 

UK, 1860

1860: 1 Troy Oz. Platinum (Intrinsic: US Coin) ~ £ 1.556 (USD$ 7.66)
1860: 1 Troy Oz. Platinum (Wire: Trade) ~ £ 2.47 (USD$ 12.)


1860: 1 Troy Ounce Platinum (Mkt: Intrinsic) = £ 1.35 (USD$ 6.55)
1860: 1 Troy Oz. Platinum (Semi-Mfg: Retail) = £ 1.60 (USD$ 7.76) 
1860/1: 1 Troy Oz. Platinum (Wire: Retail) = £ 1.50 (USD$ 7.28) 

October 1860: Wholesale, bulk Pt price referencing contemporary US counterfeits.

Citation : Mechanics Magazine; John I Knight, Henry Lacey (1860) p.363



April 1860: Retail Pt price

Citation : The Chemical news, Vol. 1-2 (1860) p.216



1860/1: 1 Troy Ounce Platinum (wholesale, wire) = £ 1.50 (USD$ 7.28)

1860- 1863: Military School expenditure

Citation : Accounts and papers of the House of Commons, Vol. 35, 4/2-29/7/1864, p.134




1860?: 1 Troy Oz. Platinum (hypothetical retail?) = £ 1.845 (USD$ 8.95) 
   
An English arithmetic from 1861.



May 23, 2012

France, 1873


1873:
Platinum Scrap (Bid), Fr. 810./Kg. 
Platinum Producer Spot, Fr. 950./Kg.
Platinum Still, Fr. 1,000./Kg.
Platinum Intrinsic Retail, Fr. 1,275./Kg. 
Platinum Sheet Retail, Fr. 1,425./Kg. 
Platinum Mfg Retail, Fr. 1,525./Kg.
Platinum Mfg Specialty, Fr. 1,675./Kg.

1872: 1 Troy Oz. Platinum (Russian ore; R. 646) ~Fr 20.09 ($ 3.91 ; USD$ 4.37)
1874: 1 Ozt. Platinum (Russian ore; R. 680) ~Fr 21.15 ($ 4.29 ; USD$ 4.61)
1873/4: 1 Ozt. Platinum (Refined Ingot) = Fr 31.10 ($ 5.87 ; USD$ 6.89)

c.1873:
Citation: Earth and its treasures: a description of the metallic and mineral wealth ... ; Arthur Mangin (1875)


Scrap Platinum was repurchased by producers at ~ 81% - 85% of the refined ingot market price, or ~ 96% - 97% the presumed intrinsic rate of raw ore (platina.) Presumably, this also is the standard producer cost/profit spread for recycled Platinum at market rates.


Assume a 150 liter Platinum Still weighed 28.548 Kgs/ 917.84 Ozt on June 30, 1865. Worked consistently, assume a 28.55 Kgs Still lost 489 g (-15.73 Ozt) per annum; at June 30 1870, the depleted Platinum Still (26.1 Kgs) had lost outright 2,446 g. (- 78.63 Ozt.), but another 24% (201.76 Ozt) was scrapped and replaced. The total cost of 1870 repairs should include transport to and from Paris, all labor and additional Platinum. 

If the reported 1865 Cost 1,071.47/Kg. included shipping, the total shipping o/w from Paris was Fr. 613. If weigh differentials allowed for, and the shipping rate assumed constant, the 1873 repairs (Fr. 3,430.) in Paris entail a r/t shipping cost of Fr. 560.50 + Fr 647.70 = Fr 1,208.20; labor and additional Platinum cost Fr. 2,222
  

1873: 1 Ozt. Platinum (
Bid: Scrap) = Fr 25.15 ($ 4.83; USD$ 5.58)
1873: 1 Ozt. Platinum (Mfg, Bulk) = Fr 32.6587 ($ 6.16; USD$ 7.2353)

Citation: Amtlicher Bericht über die Wiener Weltausstellung im Jahre 1873, Vol. 3, Pt. 1 (1875)




1871: 1 Ozt. Platinum (Paris: Mfg, bulk) Fr 23.33 (USD$ )  
August 1872: 1 Ozt. Platinum (Paris: Mfg, bulk) Fr 25.66 (USD$ 5.58)
1873: 1 Ozt. Platinum (Paris: Mfg, bulk) Fr 32.66 ($ 6.16; USD$ 7.2353)

Citation: Le Moniteur scientifique du Doctor Quesneville: Journal ..., Vol. 39-40 G. A. Quesneville, p.664


Matthey & Co. accepted Scrap from the Paris Conservatory in a project Bid.

1873-87: 1 Ozt. Platinum (Scrap, Credit) = Fr. 27.99
  
October 1873:  250 Kilograms = 8,037.687 Ozt. @ USD$ 50,000. ~ $ 6.22, USD$ 7.30

1873: 1 Ozt. Platinum (Ingot, Mkt) = Fr 31.10




March 1873: 1 Ozt. Platinum (Mfg, Standard Kg.) = Fr 46.66

March 1873:



1875:







Global, 1872: Platinum Stills, Price Rumors

Apparently a translated price (from German, in a British journal) but perhaps of an original FRENCH price? German stills reportedly cost DM 600 per Kilogram in 1872.

1872: 1 Troy Oz. Platinum (mfg, still) ~ £ 0.93; DM 18.66 (USD$ 5.88 - 5.98)Link
Citation: Chemical news and journal of industrial science, Vol. 26; William Crookes (10/11/1872) p.176


1873: Platinum fell "during the last 15 years" (from 1857.)


April, 1872:
Citation: British Journal of Dental Science, Vol. 15; April 1872, p.235


Citation: The Pharmaceutical journal ...: A weekly record of pharmacy and allied sciences

May 18, 2012

UK, 1870s/80s: Jamieson's Record

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, whols.) = £ 1.60 (USD$ 8.94)
1871: 1 Troy Oz. Pt (London, bulk) ~ £ 0.925 (USD$ 5.05)
1871: 1 Troy Oz. Platinum (semi-mfg.& mfg.) ~ £ 1.65 (USD$ 9.0)
1872: 1 Troy Oz. Pt (London, bulk) ~ £ 0.95 (USD$ 5.18)
1873: 1 Troy Oz. Pt (London, bulk) ~ £ 0.975 (USD$ 5.33)
1873: 1 Troy Oz. Platinum (semi-mfg, whols.) = £ 1.60 (USD$ 8.88)
1873: 1 Troy Oz. Platinum (dubious Low: mfg.) = £ 1.40 (USD$ 7.77)
1873: 1 Troy Oz. Platinum (Bid: Scrap) = £ 0.60 (USD$ 3.33)
1874: 1 Troy Oz. Pt (London, bulk) ~ £ 1.0 (USD$ 5.42)
1874: 1 Troy Oz. platina (Ural price) = £ 0.95 (USD$ 5.15)
1874: 1 Troy Oz. Platinum (ingot) = £ 1.26 (USD$ 6.82)
1874/5: 1 Troy Oz. Platinum (semi-mfg., retail) = £ 1.50 (USD$ 8.13)

1875: 1 Troy Oz. Pt (London, bulk) ~ £ 1.0 (USD$ 5.59)
1876: 1 Troy Oz. Pt (London, bulk) ~ £ 1.03 (USD$ 5.57)
1877: 1 Troy Oz. Pt (London, bulk) ~ £ 1.08 (USD$ 5.47)
1878: 1 Troy Oz. Pt (London, bulk) ~ £ 1.13 (USD$ 5.50)
1879: 1 Troy Oz. Pt (London, bulk) ~ £ 1.15 (USD$ 5.58)
1880: 1 Troy Oz. Pt (London, bulk) ~ £ 1.25 (USD$ 6.05)
1881: 1 Troy Oz. Pt (London, bulk) ~ £ 1.36 (USD$ 6.58)
1882: 1 Troy Oz. Pt (London, bulk) ~ £ 1.46 (USD$ 7.09)
1883: 1 Troy Oz. Pt (London, bulk) ~ £ 1.55 (USD$ 7.52)
1884: 1 Troy Oz. Pt (London, bulk) ~ £ 1.64 (USD$ 7.94)
1885: 1 Troy Oz. Pt (London, bulk) ~ £ 1.74 (USD$ 8.44)
1886: 1 Troy Oz. Pt (London, bulk) ~ £ 1.83 (USD$ 8.87)
1887: 1 Troy Oz. Pt (London, bulk) ~ £ 1.90 (USD$ 9.22)
1888: 1 Troy Oz. Pt (London, bulk) ~ £ 2.08 (USD$ 10.11)
1889: 1 Troy Oz. Pt (London, bulk) ~ £ 2.21 (USD$ 10.77)
1890: 1 Troy Oz. Pt (London, bulk) ~ £ 2.75 - 4.20 (USD$ 13.37 - 20.41)
1891: 1 Troy Oz. Pt (London, bulk) ~ £ 2.75 - 1.94 (USD$ 13.37 - 9.45) 
1892: 1 Troy Oz. Pt (London, bulk) ~ £ 1.75 - 2. (USD$ 8.50 - 9.74)
1893: 1 Troy Oz. Pt (London, bulk) ~ £ 1.50 - 1.95 (USD$ 7.29 - 9.50)

A. Jamieson, 10 Broad Street , Golden Square, London W. was a dentist in practice before 1878, manufacturing and patenting platinum alloys. His industrial purchases of platina (ore) would likely be bulk-rate at London.

March, 1880:

Principal in The Dental Manufacturing Company, c. 1882

Where a 'Young Head' Full Sovereign of Queen Victoria weighted 7.98 g (7.315 g pure Gold) we may assume 7.3 g of pure Platinum valued at £ 0.5 intrinsic at the money-changers.

1888: 1 Troy Oz. Platinum (London, scrap) = £ 2.13 (USD$ 10.355)
c.1888:


1891:

1872-1897: London Silver Price


1872: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.2714
1873: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.2669
1874: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.2627
1875: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.2559
1876: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.2387
1877: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.2466
1878: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.2368
1879: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.2306
1880: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.2354
1881: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.2331
1882: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.2334
1883: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.2278
1884: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.2283
1885: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.2190
1886: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.2044
1887: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.2010
1888: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.1931
1889: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.1923
1890: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.2151
1891: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.2030
1892: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.1793
1893: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.1605
1894: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.1306
1895: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.1346
1896: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.1385
1897: 1 Troy Oz. Silver (Fine, Mint Rate.) = £ 0.1242

May 17, 2012

Russia, 1895

1894/5: 1 Troy Oz. platina (Ural Contract: 83% ore) = 13.292 руб
1894/5: 1 Troy Oz. Pt (Contract @ .999) = 16.01 руб
1894/5: 1 Troy Oz. Platinum (SPb, Refined Cost) ~ 17.0 руб

March? 1896: 1 Troy Oz. platina (Ural Contract: 83% ore) = 15.19 руб
March? 1896: 1 Troy Oz. Pt (Contract @ .999) = 18.30 руб
March? 1896: 1 Troy Oz. Platinum (SPb, Refined Cost) = 19.25 руб




1895: 1 Troy Oz. platina (Ural Contract: 83% ore) =13.29 руб
1895: 1 Troy Oz. Pt (Contract @ .999) =16.01 руб
1895: Russian Refiner's Cost @208 руб/Poud = 0.395 руб 
1895: 1 Troy Oz. Platinum (SPb: Refined Poud) =16.409 руб

Citation: The Mineral Industry, Vol. 7 (1899) p.570



Where 1 Poud of (79%) Pt platina ore sold for 7,300 руб, so 1 Poud (.999) Pt = 9,240.51 руб and 1 Poud Platinum 

In Germany, 1 Kg Platinum cost 707.68 руб.


1895: 1 Troy Oz. platina (79% ore, SPb) = 13.29 -13.86 руб (USD$ 7.02 -7.32)
1895: 1 Troy Oz. platina (at purity) = 16.825-17.546 руб (USD$ 8.89 -9.27)

1895: 1 Troy Oz. Pt (refining cost) = 0.95 руб (Fr. 2.58)
1895: 1 Troy Oz. Pt (refining) = 1.92 -2.64 руб (Fr. 071 - 0.97; USD$ 0.14-0.19)

1895: 1 Troy Oz. Platinum (Paris ingot) = 19.46 руб (Fr 52.88)
1895: 1 Troy Oz. Platinum (Paris mkt) = 34.35 руб (Fr 93.31)
1895: 1 Troy Oz. Platinum (Paris retail) = 42.93 руб (Fr 116.64)


December, 1895: 1 Troy Oz. platina (SPb, mkt) = 13.67 руб
(=USD$ 7.12;  Fr 37.15; £1.46)

1895: 1 Troy Oz. platina (SPb, mkt) = 12.88 руб
(=USD$ 6.71;  Fr 35.; £1.378)

1895: 1 Troy Oz. platina (SPb, mkt) = 12.53 руб
 (=USD$ 6.52; Fr  34.05;  £1.34)

1895: 1 Troy Oz. Platinum (SPb, refined: mkt) ~ 30.4461 руб (USD$ 15.85)

Citation: Recueil Consulaire Contenant les Rapports Commerciaux des Agents..., Vol. 95 Belgium (1897) p. 357


Citation: The Mineral Industry, Vol. 6


1895:
Citation: The Chemical Trade Journal and Oil, Paint and Colour Review, Vol. 22 (1898) p.122


c.1895/6:
Citation: Le Marche financier en 1897 p.671


Citation: La Russie industrielle: étude sur l'Éxposition de Nijni-Novgorod; Maurice Verstraete, p.293





October, 1895:  


1895: 1 Troy Oz. platina (SPb: 79% ore) ~ 15 руб (USD$ 3.0 - 3.35)
October, 1895: 1 Troy Oz. platina (SPb: 79% ore) = 20 руб (USD$ 7.78)
1895: 1 Troy Oz. Platinum (SPb: .999) ~ 30.45 руб (USD$ 15.85)
 
Citation: The Mineral Industry, Vol. 6, p.544






 
c.1895: St. Petersburg platina Spot-Price



c.1898: 1 Troy Ounce Platinum (Global Mkt) = 33.72 руб Kr. (USD$ 17.33)

Where the Poud was руб 7,300 (Au?):
c.1897??: 1 Ozt platina (Ural contract, Ore) = 13.86 руб Kr. (USD$ 7.125)
c.1897??: 1 Ozt Pt (Ural: .999 Ore) = 18.52 руб Kr. (USD$ 9.525)
c.1897??: --Refining Cost: 1 Ozt Pt (Ural: .999) = 1.21 руб Kr. (USD$ 0.6217)
c.1897??: 1 Ozt Platinum (Ural: .999 Refined) = 19.74 руб Kr. (USD$ 10.15)

Die Kosten für die zu errichtende Platinraffinerie würden sich leicht aus dem Preise für Platin decken, indem Rub. 1000 von jedem verkauften Pud Platin dazu bestimmt werden, was im ersten Jahre Rub. 200,000-260,000 ausmachen würde. Im Auslande zahlt man pro 1 Pud raffiniertes Platin Rub. 17,760, während das Rohplatin Rub. 7,300 kostet. Das Raffiniren eines Pudes kostet Rub. 425; rechnet man noch dazu die Ausgaben für Verbesserung an den technischen Einrichtungen und Verwaltung 50 Proc. der obigen Summe, so würden zu der Zeit, wo der Preis auf Rohplatin Rub. 7300 pro Pud betrug, für den Ankauf von Rohplatin 17,760 - (425 + 212), mithin Rub. 17,123 verfügbar bleiben und die Productionskosten für 1 Jahr bei einer Verarbeitung von 200-250 Pud jährlich Rub. 127,000 — 159,000 betragen.

 In 1877, the price rose to Rub. 2400, because the offer was low, and the buyer was afraid the occurrence of Concurrenten. This is still very low prices made it possible to exploit the platinum richest localities at the Issa, and consequently this was also a year only to a very limited yield, 1867-1869 6-7 Poud, 1870-1877.  The cost of the platinum refinery to be built would easily be covered by profit on the price of Platinum,  determined at Rub. 1,000. per Poud, which in the first year would amount to Rub. 200,000. to 260,000.  Abroad, you pay Rub. 17,760. per Poud refined platinum, while the crude platina costs Rub. 7,300.   The refining of a Poud costs Rub. 425; we still expect expenditure on improvement of technical devices and management to be 50% of the above sum, so when the price of crude platinum was Rub. 7,300 per Poud, for the purchase of crude platinum 17,760 - (425 + 212), thus Rub. 17,123 remain available and the annual cost of production for processing 200-250 poods annually would be Rub. 127,000-159,000.

Citation : Handelsblatt der Chemiker-Zeitung Vol 22, No. 58 (1898) Walther Adolf Roth p.588