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:







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