c. 1848: 1 Troy Oz. Platinum (NYC: Scrap, Bid) = $ 6.70
Citation: Merchants' Magazine and Commercial Review, Vol. 20, No.2; Freeman Hunt, p.230
1846: Fine Horse, $20. News of Gold Discovery, mid-February 1848. Breakfast in San Francisco $0.25
April-June, 1848: California inflation of Gold-yield instruments, 10x
Gold-Dust $3./ozt at the mines; $16./ozt at Monterrey& towns Gold-Dust $12./ozt; $16./trade; Specimen Gold $10./ozt @ mines
September, 1848: Average Yield = 1ozt. Gold-Dust/day; Breakfast @ boarding, $21.50;
breakfast at mines $5.
Sept. 1848: Flour, $36/bbl; pick, pan & shovel $50. ; Horse $200. -400.
Serapes: $60.-100. ; calico $100./yard
Mid-September $100 pick-axe
October-November, 1848: Gold-Dust $0.50-1./ozt at the mines
Late 1848-Early 1849: Gold-Dust $6./trade
Early 1848, $4. - 5./ozt. at the mines, $6.- 8./ozt in the towns
Late 1848, $6./ozt. at the mines, $8./ozt in the towns1849, $10./ozt at the mines, $14./ozt. in the towns; other wages, $16. - $40./day
Doctor's visit ~4 ozt.; Quinine $10./grain
Coins: premium of 15%-20%
Waiters paid $4.77-5.41/day; clerks ~$8./day
1852: $16./ozt at the mines; $18. at the Mint
1848: 1 Troy Oz. Fine Gold (Coined?) = $ 20.75
Circa 1847-8, California Gold was so plentiful and material so scarce that absurd prices (in gold) for everyday commodities appeared in mining communities of the hinterlands.
These circumstance were almost identical to travelers' reports of ridiculously high prices in Choco, Colombia. In both locales, platina was often thrown away.
Citation: The Rambler: a catholic journal and review of home and foreign literature (1849)
Citation: Chambers's journal, Vols 11-12; William Chambers, Robert Chambers
Citation: Niles' Weekly Register, Vol. 74 December 1848 p.411
December 1848: 1 Troy Oz. Fine Gold (Bullion, bar) = $ 18.4910
Citation: The Bankers Magazine, Vol. 3
c. 1848/9: Platinum Coins grossly overvalued.
Passage from UK to USA: 2 weeks