Refiners undoubtedably reaped greater savings with discounted bulk purchases or contract prices far lower than 'common prices.' In 1859, Platinum still sold at the same 1850 wholesale price, strongly suggesting source- and spot-price stability.
Assuming a Price/Weight set by Specific Gravity of 21.5, a kilogram of Russian scrap, large bulk, cost £ 24.90 -26.00 and sold £ 40., a 62% markup.
1859: 1 Troy Ounce Pt (SPb, Bulk Ore) = £ 0.7737 - £ 0.8086
1859: 1 Ozt. platina (SPb, Bulk Ore) = £ 0.745 - £ 0.760
1859: 1 Ozt Platinum (SPb, Bulk Refined) ~ £ 0.9283 - 0.9701
1859: 1 Ozt. Platinum (SPb, Same, Cash-Rate) ~ £ 0.8947 - 0.9127
1859: 1 Ozt. Platinum (UK Mkt: Scrap?) = £ 1.25 (USD$ 6.13)
1859: 1 Ozt. Platinum (UK Mkt: Producer?) = £ 1.50 (USD$ 7.35)
Oct.? 1860: 1 Ozt. Platinum (UK Mkt: Assumed) = £ 1.35 ($ 6.57)
March, 1859:
1859: 1 Ozt platina (Cartagena Export, 84% ore @ SG 21.5) = £ 0.8653
January, 1859:
Assuming a Price/Weight set by Specific Gravity of 21.5, a kilogram of Russian scrap, large bulk, cost £ 24.90 -26.00 and sold £ 40., a 62% markup.
1859: 1 Troy Ounce Pt (SPb, Bulk Ore) = £ 0.7737 - £ 0.8086
1859: 1 Ozt. platina (SPb, Bulk Ore) = £ 0.745 - £ 0.760
1859: 1 Ozt Platinum (SPb, Bulk Refined) ~ £ 0.9283 - 0.9701
1859: 1 Ozt. Platinum (SPb, Same, Cash-Rate) ~ £ 0.8947 - 0.9127
1859: 1 Ozt. Platinum (UK Mkt: Scrap?) = £ 1.25 (USD$ 6.13)
1859: 1 Ozt. Platinum (UK Mkt: Producer?) = £ 1.50 (USD$ 7.35)
1859/60: 1 Ozt. Platinum (Intrinsic, Bulk) = £ 1.35 (USD$ 6.62)
1859/60: 1 Ozt. Gold (Intrinsic, Common) = £ 3.66 (USD$ 17.92)
April 1860: 1 Ozt. Platinum (Refined, Retail) = £ 1.60 (USD$ 7.11)
Oct.? 1860: 1 Ozt. Platinum (UK Mkt: Assumed) = £ 1.35 ($ 6.57)
March, 1859:
1859: 1 Ozt platina (Cartagena Export, 84% ore @ SG 21.5) = £ 0.8653
January, 1859:
Citation : The Photographic News; ed. W. Crookes. Vol. 1/7/1859 p.214
1859/60: retail price
Citation : The Chemical news, Vols. 1-2 (1860) p.216
a 2"x6" (12 sq. in, 24 sq. in of surface) sheet Platinum cost ~£ 0.35 (~0.22 Ozt) 47% of the Grove-Styled 20-Cell described by Wylde. Each Cell would presumably hold .6 sq. in. (1.2 sq. in. surface) Platinum, about 5.3 Grains Troy per Cell.
Very Thin Sheets: ~£ 0.029167 per sq. in. Pt and 54.86 Sq In. Pt (109.71 Sq. In.) per Ozt.
Citation: The magic of science, a manual of easy scientific experiments; James Wylde (1859)
The counterfeit US Eagles of the 1850s were mention in 1918.
The counterfeit US Eagles of the 1850s were mention in 1918.
Citation : Mechanics Magazine ; John I Knight, Henry Lacey (1860) p.363
1859: 1 Troy Oz. Chlor-platinate (salt, unknown purity) = £ 1.20 (USD$ 5.88)
Citation: The Photographic Journal, Vol. 5 1859
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