October 16, 2012

UK, 1913: Fused Iridium

1913: 1 Troy Oz. Iridium (NY mkt) ~ USD$ 74. - 75.
1913 : 1 Troy Oz. Iridium (UK mkt) ~ £ 16. - 17 (USD$ 79. - 84.)

Tasmania: Geological Survey Bulletin - Issues 17-20 (1914)
"According to this year's price-lists buyers of fused iridium offer £16 to £17 per oz. The price, however, varies greatly with the quantity offered."

1913: 1 Troy Ounce platina (Colombian ore, intrinsic) ~ £ 8.1 (USD$ 39.45)

Citation: Quito to Bogotá ; Arthur Clifford Veatch (1917)




October 13, 2012

US Platina, By Purity

US platina

Citation: U.S. Geological Survey professional paper



California, c. 1900



Citation: U.S. Geological Survey



Oregon

October 11, 2012

UK, 1912

1912: 1 Troy Ounce Platinum (London) = £ 9.50

Citation: The Platinum Metals ; Arthur Douglas Lumb (1921) p.16



Wartime price controls in effect.

Italy, 1916

From 1912 - 1916, the inflation rate of London 'official Platinum Price' was 52.63%.  The New York Platinum Price rose 97.5%.  Ettore Mollinari (or the translator of the 1919 4th Edition) suggests the actual Italian Platinum Price inflation-rate was 232.4% .

In 1912, the Lire/Sterling exchange was ₤ 23.83 : £ 1. (₤ 1. : £ 0.03871) and January 1917, the Lire/Sterling exchange was ₤ 32.78 : £ 1. (₤ 1. : £ 0.03051), so the Lire inflation rate of London Platinum should have been ~ 93.7%.

1912: 1 Troy Ounce Platinum (@ London, refined ingot?) = £ 9.50 (₤ 245.4)  
1916: 1 Troy Ounce Platinum (@ London, refined ingot?) = £ 14.50 (₤ 475.3)

1916: 1 Troy Ounce Platinum (Genoa Price) ~ £ 24.88 (₤ 816.)

Citation: Treatise on general and industrial inorganic chemistry, Vol. 1 ; Ettore Molinari, Thomas Henry Pope p.853


From 1912 to March 1916, Copper ingot @ Genoa rose 142% ; the equivalent price increase @ NYC was 125.72%.  From the 1912 base Price/Exchange, the equivalent price increase @ Genoa was 238.8% and @ NYC 195.4%.

1912: Base Price per Metric Centner of Copper in Ingots
100 kgs @ Genoa:  ₤ 185.96 (USD$ 35.89) ; @New York: USD$ 33.10  (₤ 171.49)

March, 1916: 3/1916 Price per Metric Centner of Copper in Ingots
100 kgs @ Genoa: ₤ 450. (USD$ 69.21) ; @New York: USD$ 59.54 (₤ 387.09)

Assuming the Lire/USD exchange (1912: ₤ 1. = $ 0.193; March 1916: ₤ 1. = $ 0.1538;
December 1916: ₤ 1. = $ 0.1502)

1912: 1 Troy Ounce Platinum (NY Ingot Price) = USD$ 45.50 (₤ 235.75) 
March, 1916: 1 Troy Oz. Platinum (NY Ingot Price) = USD$ 90.75 (₤ 590.)
December, 1916: 1 Troy Oz. Platinum (NY Ingot Price) = USD$ 86.87 (₤ 578.4)



1916: Depreciation of the lire and inflation of imports in lire



July 1916 - July 1917:


Foreign Exchange in NYC: Lire in USD$


Foreign Exchange on the Swiss Franc




January 1917: Lire on London

October 10, 2012

France, 1867

DSQ

Where $ 1. = Fr. 5.1625 (Gold) and USD$ 1. = Fr. 3.835 - 3.598 (Avg. USD$ = Fr. 3.735)


Demidoff's Poud-Rate for Paris-delivery Russian Platinum @ 3,100 руб was 189.25 руб /Kg.
(Sept.: Fr 643. - 648.) per kilogram of refined ingot.  Paris delivery raised the price 25%.

1867: 1 Troy Ounce Platinum (Paris: Ru Pt .999) = Fr. 20. - 20.16 (~USD$ 5.735)

At the SPb Mint, the Funt-Rate for Russian platina @ 1,680.8 руб/Poud was 102.61 руб/Kg.
(Sept.: Fr 348.54 - 351.40) per kilogram of ore.

1867: 1 Troy Oz. Pt (SPb: Ru Pt .999) = Fr. 10.84 - 10.93 (~USD$ 2.91)

At the SPb Mint, the Funt-Rate for SPb Russian Pt @ .999 = 2,025 руб/Poud was 123.63 руб/Kg. (Sept.: Fr 419.93 - 423.38) per kilogram of ore.  

1867: 1 Troy Oz. Pt (SPb: Ru Pt .999) = Fr. 13.06 - 13.17 (~USD$ 3.51)

Assuming SPB refining cost руб 12./Funt (Fr. 3.11/Ozt), the Funt-Rate for SPb Russian Pt @ .999 = 2,505 руб

1867: 1 Troy Oz. Platinum (SPb: Ru Pt .999) = Fr. 16.16 - 16.29 (~USD$ 4.34)

1867: 1 Troy Ounce Platinum (Paris: Ru Pt .999) = Fr. 23.55  (~USD$ 6.30)
( 5.89 руб = US Gold $ 4.41; USD$ 6.107)

At the SPb Mint, the Funt-Rate for SPb Russian Platinum @ 2,500 руб/Poud was 152.62 руб/Kg. (Fr 610.48) per kilogram of Platinum Sponge/Ingot.

1867: 1 Troy Oz. Platinum (Paris: Ru Pt .999) = 5.89 руб ; Fr. 23.55
= US Gold $ 4.41; USD$ 6.107

Where the "livre"/Фунт (=13.166 English Troy Ounces)

1867: 1 Troy Oz. platina (SPb: ~83% ore, Whols.) = 3.1915 руб (~ Fr. 12.77)

= $ 2.39; USD$ 3.31 
1867: 1 Troy Oz. Pt (SPb: Ore @ .999, Whols.) = 3.8452 руб (~ Fr. 15.39)
= $ 2.88; USD$ 3.99

1867: 1 Troy Oz. Platinum (SPb: Semi-Mfg, Whols.) = 4.75 руб (~ Fr. 19.)

=$ 3.56; USD$ 4.93

1867: 1 Troy Oz. Iridosmine (SPb: PGMs, Whols.) = 6.20 руб (~ Fr. 24.79)
1867: 1 Troy Oz. Platinum Black (SPb: PGMs, Whols.) = 0.7291 руб (~ Fr. 2.92)

Citation: Paris Universal Exposition, 1867: Report upon the Precious Metals... ; William Phipps Blake, Reports of the US Commissioners (1869)





1858: 1 Troy Oz. platinum (Ore @ Choco, Whols.) = Fr 21.77  (USD $ 4.25)
1859: 1 Troy Oz. Platinum (Mfg, Trade)  = Fr  31.10 - 38.88 (USD$ 5.98 - 7.47)

1867: 1 Troy Oz. Platinum (Mfg, Trade)  = Fr 34.29  (USD$ 9.18)

1867: 1 Troy Oz. Platinum (Mfg, Whols./Retail)  = Fr 46.65  (USD$ 12.48)
1867: 1 Troy Oz. Platinum (Mfg, Whols./Ret.)  =  Fr 62.20 (USD$ 16.65)

1866: 1 Troy Oz. Platinum (wholesale, unmanufactured, St. Pb?) = Fr 13.84 - 14.


The 1862 Ingot produced in collaboration by Johnson, Matthey/ Deville &Debray actually weighed 3,215 Ozt ; almost precisely 2 Zoll-Centners (von Wagner's error: +⅓)

 *) At the International Exhibition of 1862, the firm Johnson, Matthey u &Co. in London exhibited a massive, 2 1/3 Centner heavy block of pure Platinum (in value of FFr. 85,000.), completely fusing platinum according to the refining process by Deville and Debray, the largest mass in history.  

**) A Concentrating Still  for Sulfuric acid (from Matthey) for daily concentration of 8 tons (= 160 Ctr.) Sulfuric acid costs at Johnson Matthey & Co. FFr. 62,500; a boiler for 5 tons (= 100 Ctr.) FFr. 41,000. The latter required to boiler has a platinum metal value of Fr. 27,500.

Citation: Die chemische Technologie: als Leitfaden bei Vorlesungen an Universitäten, technischen Lehranstalten, sowie zum Selbstunterricht; Johann Rudolf von Wagner (1868) p.101

Labor Price Indicated



2.33 Zoll-Centner = 257.17 Lbs avd. ~3,750 Ozt




Godart and Labordenave manufacture, tableware

 1867: 1 Troy Oz. Platinum (Mfg, Trade)  = Fr 36.29  (USD$ 9.71)

soldered platinum tips for lightning rod which cost only 1/3 of the price of gold (~Fr 106.82: Fr 35.61), platinum fruit knife with silver handle (weighing 36 gr. in platinum, costing 42 Fr.), platinum-plated copper crucibles (by weights for around half the price of platinum dishes)

Citation: Bericht über die Welt-Ausstellung zu Paris im Jahre ..., Volumes 2-3; Volume 6  Universal Exhibition (1867, Paris) p.264




Platinum instruments were twice the price of Silver and half the Price of Gold.

Citation: L. Mathieu, fabricant d'instruments de chirurgie &c;  L. Mathieu (1867)
 





At Trade-Retail, intrinsic Platinum was 4.286x the Price of Commercial Silver.  The manufacturing price was additional ("façon en sus" = additional charge, unstated.) 

1867: 1 Ozt. Platinum (Semi-Mfg, Trade-Retail)  = Fr 46.66 (USD$ 12.49)
1867: 1 Ozt. Silver (Semi-Mfg, Trade-Retail)  = Fr 10.886 (USD$ 2.91)  

Citation: Catalogue et prix des instruments de physique, de chimie, d'optique, de ... M Breton (1867), pp.















1867: 1 Troy Oz. platina (ore, whols.)  = 2.67 руб (Gold $ 2.00 Gold; $2.77) 
1867: 1 Troy Oz. Platinum (semi-mfg, whols.)  = 3.97 руб (Gold $ 2.98; $ 4.12)

Citation: Catalogue special de la section russe la l"exposition universelle ..., Vol. 1 (1867) (1867), p. 129



1867:  1 Ingot = 13,000 Francs





Possibly dated UK price, dubious.

Citation: Leçons élémentaires de chimie, Part 2;  Faustino Giovita Mariano Malaguti (1868) p.573

"Le platine coûte à peu près 27 francs les 31 grammes"

Belgium:

Resale of an 1861 Platinum Boiler (28.26 Kgs, 908.6 Ozt) by
Vander Elst, a sulphuric acid manufacturer.




Paris Exhibition, 1867: Ruthenium Ingot, 2kgs

1867: 1 Troy Ounce Ruthenium (Paris: Rh .999) = Fr. 622.07




July, 1867: French Platinum Coinage idea rejected.

Platinum Foreign Manufactures, 20% Tariff

October 9, 2012

USA: New York Silver Market, 1865 - 1921



Citation: The Mineral Industry -1921 , Vol. 30 (1922) p.247


Citation: Series M268-270: Historical statistics of the United States, colonial times to 1970, Part 1 ; Bureau of the Census, US Congress

"Equivalent" equals estimation!





October 5, 2012

USA, 1876: Dental Prices (Trade)

1876: 1 Troy Ounce Platinum (Semi-Mfg: Sheet, Retail) = USD$ 9.



Presumably at the same rate, 1 Inch = $0.6059 or 14.87 Inches per Ozt.
 


A major vendor of Platinum, S.S. White Co. announced a (specie) price reduction in 1875, then another to currency rates (Greenbacks) in 1876.  

The wholesale premium for pure Silver was >75% ; for pure Gold (@ $1.20 per pennyweight) the wholesale premium was


1877: 1 Troy Oz. Platinum (Semi-Mfg, sheet, Retail) = USD$ 11.88
1876: 1 Troy Oz. Platinum (Semi-Mfg, sheet, Trade) = USD$ 8.50
1876: 1 Troy Oz. Silver (Pure, Trade) = USD$ 2. / $ 2.30
1876: 1 Troy Oz. Gold (Pure, Trade) = USD$ 24. / $ 26.76

Citation: The Dental Cosmos, A Monthly Record of Dental Science; James A. White (1876) p. 709

Citation: Samuel S. White Catalogue of Dental Instruments and Equipment ; Samuel Stockton White, Audrey B. Davis (1876) p. 269
 



1877/8: an imported French Gramme weight set cost $ 9.51
 
 Citation: The Metric Bulletin, Dec. 1876


1876: 1 Troy Oz. Platinum (Mfg, Ret.) = USD$ 46.66 ($ 41.85) 



1877/8:  a Gramme weight set @ Fr. 5.14375 cost $ 3.89





1856:  a Gramme weight set @ Fr. 5.40  cost USD$ 4.63
  


US Imports:


Poorly understood valuation crisis in Russian Platinum coin, by Senator John P. Jones (R-NV, and owner of the Crown Point Mine)