October 3, 2012

USA, 1883


1883: 1 Troy Oz. platina (Paris: Colombia; 83% ore) = USD$ 4.46 

1883: 1 Troy Oz. Pt (Paris: Colombian ore, .999) = USD$ 5.37  


Oct. 1883: 1 Troy Oz. Platinum (Germ.: Mfg, Ret.) ~USD$ 7.82 ( 32.9163)

1883: 1 Troy Oz. Platinum (NYC: Imported, Unmfg.) = USD$ 6.50 - 7.50
1883: 1 Troy Oz. Platinum (NYC: Imp., Unmfg.) = USD$ 6.80

Late 1883: 1 Troy Oz Platinum (Semi-Mfg, Whols.) > USD$ 7.
1883: 1 Troy Oz Platinum (Wire, Whols.) =USD$ 7.35

1883: 1 Troy Oz. Platinumware (Phila.: Producer, Whols/Ret.) ~ USD$ 11.40
1883: 1 Troy Oz. Platinumware (NYC: Producer, Whols/Ret.) ~ USD$ 11.92

Summer, 1883: Heavy Wire?


1883: 1 Troy Oz. Platinum (CA: Wire/Foil, Retail) =USD$ 12.44



October, 1883: Where 3 Sq. In. (19.3548 cm2) weighs 2.13 - 2.322 Grams, the spatula weighed ~ 18.552 Grams. We may tentatively assume USD$ 0.15 per foot (12 inches of Fine Pt Wire = 5 Grains) at $ 0.45/Gram, Foil at $ 0.44/Gram and Spatula at $ 0.43/Gram.

1883: 1 Troy Oz. Platinum (Assorted, Retail) =USD$ 13.26
1883: 1 Troy Oz. Platinum (CA: Mfg, Retail) =USD$ 13.37
1883: 1 Troy Oz. Platinum (CA: Foil, Retail) =USD$ 12.44
1883: 1 Troy Oz. Platinum (CA: Fine Wire, Retail) =USD$ 14.93


 










Assuming a Scrap Rate of ~$0.275 Paid, for Export.

1883: 1 Troy Oz. Platinum (NYC: Export, Ore @.999) = USD$ 5.49

Citation: Mineral resources of the United States, Vol. 6 (18 ) p.166




Late April 1893, reflecting on '1883 prices' :

1883: 1 Troy Oz Platinum (semi-mfg, whols.) ~/>USD$ 7.

1883: 1 Troy Oz Platinum (wire, whols.) =USD$ 7.35



1883: 1 Troy Oz. platina (NYC: CA ore, ~39% Pt) ~ USD$ 2. 
1883: 1 Troy Oz. Pt (NYC: CA ore, .999 Pt) ~ USD$ 5.16
1883: 1 Troy Oz. platina (NYC: CA ore, ~52% Pt) ~ USD$ 3. 
1883: 1 Troy Oz. Pt (NYC: CA ore, .999 Pt) ~ USD$ 5.77 
1883: 1 Troy Oz. Platinum (Ore, at purity) =USD$ 5.49

c.1882/3: 1 Troy Oz. platina (California: Spot, ~52-60% Pt) = USD$ 0.75
c.1882/3: 1 Troy Oz. platina (California: Spot, Intrinsic) = USD$ 1.25 - 1.44 
1883: 1 Troy Oz. platina (CA ore ~52-60%, NY Spot) ~ USD$ 2. - 3.
1883: 1 Troy Oz. platina (CA ore Intrinsic, NY Spot) ~ USD$ 3.33 - 5.77

1883: 1 Troy Oz. platina (Export: CA ore, ~52% Pt) ~ USD$ 2. - 3.
1883: 1 Troy Oz. platina (Export: CA ore, .999 Pt) ~ USD$ 3.85 - 5.77

c.1882/3: 1 Troy Oz. platina (CA: Spot, ~21% Pt, 73.5% Os-Ir) = USD$ 0.75
1883: 1 Troy Oz. Ir (NYC: CA ore, Ir 50%) ~ USD$ 4.08
1883: 1 Troy Oz. Os (NYC: CA ore, Os 23.5%) ~ USD$ 12.77
1883: 1 Troy Oz. Pt (Export: CA ore, .999) ~ USD$ 8.33 - 12.
 
California platina were recorded as low as 19-28% Pt, though some 'poor samples' may have included 30-52% Iridium (both Pt &amp; Ir have relatively high specific gravities, 'poor samples' probably meant < 54% of either)  Platina from Trinity River, for example was ~ 21-29% Pt.   Considering all the PGMs present in California ore, where Platinum sold commercially for $6.50, Iridium $18., Osmium $45. and Rhodium $40. the true intrinsic value of a kilogram of a 'less pure' sample California platina  may be seen.

45% Pt, 25% Ir, 22% Os, 8% Rh:


California Spot (CA platina) =  $24. per kilogram
New York Spot (Export: CA platina) = $64. - 96. per kg.



New York Spot (Imported Refined PGMs) = $660.

1883: 1 Troy Oz. Platinum (NYC: imported,unmfg) = USD$ 6.50 - 7.50

1884: 1 Troy Oz. platina (NYC: US crude) ~ USD$ 4.00

1884: 1 Troy Oz. platina (NYC: US crude, Export) = USD$ 5.00
1884: 1 Troy Oz. Platinum (Scrap, Bought) = £ 1.10 (USD$ 5.34)


 

The very low quality of Northwest platina, noted. 

Citation: Index to the Executive Documents of the House of Representatives




Citation: Mineral resources of the United States, Vol. 2 US Geological Survey p.577




In the pre-War period, refiners typically did not compensate platina sellers (miners or source middle-men) for other PGMs.


Citation: Engineering and Mining Journal, Vol. 82 (10/20/1906) p.745





From The Fourth Annual Report of the State Minerologist 1884 (California), the high cost of mining and low return on platina explains local disinterest.

Reported in 1884. c.1883/4?:
Citation: The Chemical News and Journal of Physical Science, Vol. 52 (July 3,1885) p.10


New York: Platinum Wire, 1883-1898

1883: 1 Troy Oz Platinum (Wire, Whols.) =USD$ 7.35

Citation: Journal of the Franklin Institute, Vol. 146 ; Franklin Institute (Philadelphia, Pa.: 1898) p.210.



January, 1883: 


November, 1882: 12-Rouble (Avg?) = USD$ 22.50
January, 1883: 12-Rouble (Avg?) = USD$ 14.75

'Numismatic' was merely double the Bulk Scrap Bid.

January 1883: 1 Troy Oz. Platinum (Coin: Numismatic) = $ 11.08

 

1883: 1 Troy Ounce Iridium (NYC: Refined, Imported) = USD$ 18.

Citation: The Annual Statistician and Economist, Vol. 13, Part 1889 ; Louis Philippe McCarty p. 179






1883/4: Bishop 

1883: 1 Troy Oz Platinum (PA: Mfg., Ret.) = USD$ 11.40
 


1883/4 Raynor

1883: 1 Troy Oz Platinum (NYC: Mfg., Ret.) = USD$ 11.92



US Imports:
 

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