September 30, 2013

Russia: 1912

In the Age of the Telegraph, the correspondence of Platinum prices on various markets was probably consistent:

October 24, 1912
 

December 12, 1912
  


September 27, 2013

Germany, 1857

Stated at 68.4152 Loth per Kilogram, 1 Loth = 14.6166 Grams (0.47 Troy Ounce); where
31.1035 Grams/CC H
2
O
.
is a crucible (w/o lid) of 1 Ozt or 2.128 Loth weight and
Fl 12.236 for the Crucible including manufacture.

Where 1 Ozt = 2.128 Loth köln.

Where 1 Unze = 29.231 Grams (0.9398 Troy Ounces) of Water by volume, estimated correspondence for 1 English Troy Ounce (31.1035 Grams) of manufactured Platinum-ware is adjusted accordingly, because the actual weight of the item is unknown.

As reported current, Gressler's Prices (= Eduard Greßler of Erfurt, Thüringen) are identical to the 1851 Catalogue for 1-Unzen capsules; prices are therefore presumed the same.

In Germany, the retail price of manufactured Platinum was ~40% cheaper than in the USA (1857.)

1856: 1 Troy Oz. Platinum (German Refined)= Fl 14.515; Thlr. 8.29 (USD$ 5.73)

1857: 1 Troy Oz. Platinum (Trade: Refined)= Fl 11.612 ; Thlr. 6.635 (USD$ 4.59)
1857: 1 Troy Oz. Platinum (Trade: Mfg)= Fl 12.2357; Thlr. 7. (USD$ 4.83) 
1857: 1 Troy Oz. Pt (Mfg: Crucible)= Fl 0.6239 ; Thlr. 0.03604 (USD$ 0.25) 

1857: 1 Troy Oz. Platinum (Berlin: Refined, Retail)= Thlr. 12.7677 (USD$ 8.68)
  
1857: 1 Troy Oz. Platinum (Erfurt: Mfg, Trade)~ Rthlr. 8.5125 (USD$ )

1857: 1 Troy Oz. Platinum (Erfurt: semi-mfg, retail) = Thlr 11.70 ; Fl. 17.56
1857: 1 Troy Oz. Platinum (Erfurt: mfg, retail) = Thlr 12.77 ; Fl. 19.15
1857: 1 Troy Oz. Platinum (Erfurt: mfg, retail) = Thlr 15.96 ; Fl. 23.94
 
1860: 1 Troy Oz. Platinum (Intrinsic, Ret) = Thl 11.20 (USD$ 8.25)
  

Where the Loth (~68.5152 per kg.) is clearly stated at 14.61664 g.:

c.1857:  Fl.1 @ℳ 1.3919: 1 Kg.  Platinum (Unmfg) = ℳ 649.55

Platinum instrument from W. G. Heraeus in Hanau. - The owner of a refinery for platinum, palladium, gold and silver delivers crafted platinum far cheaper than was previously common in Germany, namely the Kilogram 466.66 Gulden (= 266.66 Thaler.) or Loth 6.821 Gulden (= 3.898 Thaler.); also, when ordering an entire Kilogrm. a 3% rebate is granted (for three kilos., 5%.) 

Crucibles for example, which 
contain 8 Grammes water (8 cc), weighing 0.625 Loth, Fl. 5.70 (Thlr. 3.258); 
contains 15 Gr. of water. (15 cc) weighing 1 Loth, cost Fl. 8.2667, (Thlr. 4.725)
contains water 30 Gr.* water (30 cc), weighing 2 Loth, cost Fl. 11.50 (Thlr. 6.575

*) Luhme &Co. Berlin calculated platinum crucibles and dishes excl. fashioning at 6 Thaler per Loth. In Gressler in Berlin platinum dishes cost 8 Thlr./Unze Volume (per 29.231 Grams/cc.)



Citation: Zeitschrift für die Gesammten Naturwissenschaften, Vol. 10 Naturwissenschaftlicher Verein für Sachen und Thüringen in Halle (1857) p.504-5



Where the Zollpfund was 500 grams. the new Loth (1/32) was 15.63 grams:
c.1856: 1 Troy Oz. Platinum (Mkt, Mfg) = Fl 17.79 (USD$ 7.73)

Citation: Die Natur: Ein Lesebuch für Schule und Haus. Nach dem Schwedischen des ...N. J. Berlin (1857) p.448

Mistakenly, Platinum (during the Russian coinage period) was considered four times higher than in the 1820s. On the contrary, the Price of Platinum was nearly the same in 1820 but higher in 1828. This may be a German example of vestigial misunderstanding/conflation of the the 1825 Price Spike event and the late 19th Century Gold Price equivalent.

The notably low Loth price more plausibly refers to London manufacture, circa 1813/4.

1820: 1 Troy Oz. Platinum (Paris semi-mfg, German retail) = Thlr 6.38 (Fr 24.; USD$ 5.57)
1828: 1 Troy Oz. Pt (semi-mfg, whols.) = Thlr 9.57 (USD$ 6.84)

Citation: Chemie für Laien: Eine populäre Belehrung über die ..., Vol. 8, Part 2 (1862)


September 21, 2013

Germany, 1805

1805: 1 Troy Ounce platina (UK ore; whols.) ~ Fl. 1.645 (£ 0.2468)
c.1805: 1 Troy Oz. platina (Paris mkt) ~ Fl. 3.504 (Fr 9.38) 
1805: 1 Troy Oz. Platinum (French Sponge, Whols.) ~ Fl. 9.15 (Fr. 24.38)
1805: 1 Troy Oz. Platinum (French Manufacture, Whols.) ~ Fl. 11.40 (Fr. 30.48)

The Select Mineral Catalogue of Dr. Casimir Christian Seufferheld in Ansbach (Bavaria), at the Pfund of 16 Unzen, 1 Unze = 0.98625 Ozt.  The specimen rate in southern Germany appears to be nearly the same as the Paris Market price for home-manufactures but aproximately 3x higher than the Paris market-price for ore.

1805: 1 Troy Ounce platina (~70% ore? retail) = Fl. 11.153 ; Rthlr. 7.436;
 ......... ℳ 15, Fr. 28.44, £1.19



Platina {ore specimen} Unze (а 11 fl.)

Citation: Verzeichnis einer auserlesenen Mineraliensammlung (1805) p. 1. 

 

Where 5,527 English Grains Troy = 11.5146 Ozt, 1 Unze of Nuremburg weighs 0.9596 Ozt.  and where a full-weight Carolin was 115.45 Grains Troy, 88.8965 Grains Pure Au,

1805: 1 Troy Oz. platina (~70% ore? retail) = Fl. 11.4637  (1 Carolin, Gold)
............ £1.21-2, Fr. 26.95,


 

September 13, 2013

Austria, 1829

DSQ

{Beware inconsistency: although printed in Nuremburg, Bavaria, Batka's 1829 Prag Catalogue most likely cites standard Austrian Commercial (Handelgeweight) prices.  Catalogues printed for retail elsewhere may include other, different weights!}

(Austrian) Handelsgewicht Unze .........    1.12528 Ozt.
(Austrian) Handelsgewicht Loth ...........  0.56264 Ozt.
(Austrian) Handelsgewicht Drachme .... 0.14066 Ozt.
(Austrian) Handelsgewicht Gramme ....  0.03517 Ozt.
(Austrian) Handelsgewicht Gran ..........  0.00257 Ozt.

In 1829, Druggist Wholesaler W. Batka in Prague sold Platinum Wire/Sheet by the Standardized Austrian Commercial "Loth" {= 17.5 Grammes} for Gold Fl. 10, so


1829: 1 Troy Ounce Platinum (Semi-Mfg: Wire/Sheet)  Fl. 17.77 ($ 7.83)

Mid-August 1828: 1 Troy Ounce platina (@ Bogota) = Fl. 2.380/ Rh Thlr 1.587
  At Prag Retail/Ozt (Fl 632.26) 1 Kilogram Russian Ore (81% Pt, 11% Rh, 1.6% Pd) net retail value for all PGMs: ~ Fl 1,082. - 1,113. (assuming 1822 rates)

At the SPb Mint (1827 price: Fr. 623.) the same Kilogram of Ural platina cost Fl. 245, ~four times less.

26.0 Ozt Platinum = Fl 462.64
3.5 Ozt Rhodium = £ 53.0 = Fl 499.-530.5
0.5 Ozt Palladium = Fr. 304. = Fl. 119.85 

1829: 1 Troy Ounce platina (Prag: Colombian Ore) = Fl 8.863
..... £ 0.9194, Fr 22.60, ℳ 12.21, USD$ 4.36
   

1829: 1 Troy Oz. platina (Prag: Ru Ore, retail: 80%) = Fl 14.18
..... £ 1.47, Fr 36.17, ℳ 19.54, USD$ 6.97

1829: 1 Troy Oz. Platinum (Prag: Refined, retail) = Fl 17.765  
..... £ 1.843, Fr 45.31, ℳ 24.47, USD$ 8.74

1829: 1 Troy Oz. Platinum (Prag: Mfg, retail) ~ Fl 27.371
..... £ 2.853, Fr 70.14, ℳ37.88, USD$ 13.46

(Abdampfschale) - Evaporating Capsule of solid Platinum plate, reinforced with copper.   

Impossible to determine the exact Platinum-weight of this article; the Silver 'Evaporating Boiler' (Abdampfkessel) may have been a different, heavier object; the Platinum Dish was 2.5x the Silver.  Assuming the capsule actually 6 zoll-durchmesser (Radius = 1.38197655 Zoll) or 15.8040 cm2 (Radius = 2.2428933 cm) the basin would approximate the diameter of contemporary AR Thaler of Franz II (42mm).
 
Schmelztiegel - Platinum 
Crucible with cover, Capacity : 1 Fluid Ounce ( 29.6 cc  ~25 gr.) = Fl. 25 (£ 2.79)
Crucible w/cover .....................  2 Fluid Ounce ( 59.2 cc  ~50 gr.) = Fl. 35
Crucible w/cover ...................... 3 Fluid Ounce ( 88.7 cc  ~70 gr.) = Fl. 45
Crucible w/cover ...................... 4 Fluid Ounce (118.3 cc ~100 gr.) = Fl. 55 

Tiegelchen und Schälchen zum ausglühen - Platinum 
Pots and Bowls for Refining = Fl. 10. - 12.

Löffelchen zu Löthrohrversuchen
Spoon for Blowpipe = Fl. 2.5 - 3.

Löthrohrspitze nach harkort massiv
Grand Blowpipe w/ massive stem = Fl. 2.5

Spatel (auch als zange zu gebrauchen)

Spatula (to use as pliers) = Fl. 12. - 15.
Ditto, with iron handle = Fl. 6.. 

Taschenmesser mit Platinklinge
Pocket knife with Platinum blade = Fl. 12.

Wagschalen, zu einer Granwage das Paar
Scale Balance, to a Gram weight = Fl. 8. - 10.

Platinafolie, Drath und Blech das Loth
Platinum Foil, Wire and Sheet, per Loth = Fl. 10.
c. 1829: 1 Troy Oz. Platinum (producer's mfg) = Fl C.M. 11.04 (Fr 28.44) 
March, 1829: 1 Troy Oz. Platinum (Sponge, mfg) ~ Fl 15.20 (£ 1.60)  

1835: 1 Troy Oz. Silver (Prag: Refined, retail) = Fl C.M. 3.545
..... £ 0.3697, Fr 9.137, ℳ 4.683
 
1835: 1 Troy Oz. Palladium = NA.

1835: 1 Troy Oz. Rhodium = NA.


Citation: Verzeichnis der neuesten Chemischen und Pharmaceutischen Geraethschaften: mit Abbildungen. Wenzel Batka. (1829) 

 




























Where 1 Wiener Apotheker Pfund = 5760 Gran, 1 Unze weighed 480 Gran (35 Grams) = 1.1253 English Troy Ounces; 1 Kilogram = 1,3714 Gran; 1 Ozt. =  426.5530753 Gran, 0.88865 Unze.

  



"W. Batka" = Wenzel Batka in Prague, c.1794
1802, 1811, 1814:















"W. Batka" = Johann Baptist Batka, c. 1820.


 

1824: Advertising Platinum


c.1834/5


September 11, 2013

Russia: 1830-1840?

c. 1839: U. Schödel, mécanicien à Saint-Petersbourg, apparently working with the Daguerreotype.  (The Ruble-Banco/Assignatzia, or Асигнаційного рубль, was withdrawn in 1843; the erroneous 1850 German price-quote must be dated earlier.)

1827: 1 Troy Ounce Platinum (SPb: semi-mfg) = 36.46107 руб Acc.  
~ 9.7875 руб (Ag) = £ 1.519, Fr. 24.47, ℳ 13.13
~ 10.1281 руб (Ag) = £ 1.519, Fr. 24.47, ℳ 13.13,
 

1836:  1 Troy Ounce Platinum (SPb: semi-mfg)= 21.87664 руб Acc.  
~ 5.96 руб (Ag), = £ 0.968, Fr. 24.47, ℳ 13.13,
1837 1 Troy Oz. Platinum (SPb: semi-mfg)= 21.87664 руб Acc.  
~ 5.96 руб (Ag), = £ 0.964, Fr. 24.33, ℳ 13.10,  
1838 1 Troy Oz. Platinum (SPb: semi-mfg)= 21.87664 руб Acc.  
~ 5.96 руб (Ag), = £ 0.981, Fr. 24.77, ℳ 13.33,
1839 1 Troy Oz. Platinum (SPb: semi-mfg)= 21.87664 руб Acc.  
~ 5.96 руб (Ag), = £ 1.046, Fr. 25.80, ℳ 13.94, 
1840:  1 Troy Oz. Platinum (SPb: semi-mfg)= 6.25 руб  
~  руб (Ag), = £ 0.9766, Fr. , ℳ ,
1841:  1 Troy Oz. Platinum (SPb: semi-mfg)= 6.25 руб  
~  руб (Ag), ~ £ 1.018, Fr. , ℳ ,





Random mis-dated price-currents, re-published in 1850.

September 10, 2013

Austria, 1835

Although the Unze Symbol (1 Apotheker Unze = 1.12554726 Ozt.; 35.0084326 Grammes) is indicated, it's impossible that Wholesaler Wenzel Batka sold pure Silver below market rates; by reasonable presumption, the PRAGUE COMMERCIAL LOTH was meant. 

This assumption is consistent with his 1832 Catalogue,   

1835: 1 Troy Oz. Silver (Prag: Refined, Retail) = Fl. 7.7404 ($ 1.88)
1835: 1 Ozt. Platinum (Prag: Refined, Ret.) = Fl. 23.2212 ($ 5.64)
1835: 1 Ozt. Palladium (Prag: 50% Alloy? Ret.) = Fl. 23.2212 ($ 5.64)




 
1835: 1 Ozt. Gold (Prag: Refined, Ret.) = Fl. Fl. 42.6459 ($ 36.00)




1835: 1 Ozt. platina (Prag: Colombian Ore, Ret.)  = Fl. 49.7536 ($ 6.30) 

1835: 1 Ozt. platina (Prag: Russian Ore, Ret.)  = Fl. 56.8612 ($ 7.20)

1835: 1 Ozt. Iridosmine (Prag: Russian Ore, Ret.) = Fl. 42.6459 ($ 5.40)

Assuming the Austrian Apothecary Pfund (12 Unze, 8 Drachmen) of 421.1287 Grams.  The Vienna Mark was 9.238 Ozt.  Curiously, Gold in Prag was considerably cheaper than coin (proximity to the mines?) The PMs traded at a rate of 1:3:10, where Au was only 3.33x more expensive than Pt, retail.

Iridium was only 4x more expensive than Platinum, retail.  Compared to Davy's 1835 Catalogue, Iridium in Prag was ~1/8th the UK price, Palladium 1/2 the UK price, platina was 10% cheaper, irismodine was 1/15th the UK price, etc. 

From 1829 - 1835 in Prag, the retail Platinum price fell -40%; the retail Russian ore price fell -50% and the Colombian ore price fell -40%.


1835: 1 Troy Ounce iridosmine (Prag: Russian Ore, retail) = Fl C.M. 5.3177
..... £ 0.5545, Fr 13.705, ℳ 7.025 ;  3.46 руб Ag / 12.71 руб Acc. 

Assuming Osmirdium 20% Ir,

1835: 1 Troy Ounce iridosmine (Ru Os-Ir Ore, at purity) ~ Fl C.M. 26.59


1829: 1 Troy Oz. platina (Prag: Colombian Ore, 70%? retail) = Fl 8.863


1835: 1 Troy Oz. platina (Prag: Colombian Ore, retail) = Fl C.M. 6.2040
..... £ 0.6469, Fr 16., ℳ 8.1296


1835: 1 Troy Oz. Pt (Prag: Colombian Ore, at purity) ~ Fl C.M. 8.86 


1829: 1 Troy Oz. platina (Prag: Ru Ore, retail: 80%) = Fl 14.18
 
1835: 1 Troy Oz. platina (Russian Ore, retail) = Fl C.M. 7.0903
..... £ 0.73934, Fr 18.27, ℳ 9.366

1835: 1 Troy Oz. Pt (Ru Ore, at purity) = Fl C.M. 8.86
  

1829: 1 Troy Oz. Platinum (Retail: Refined) = Fl C.M. 17.765 

 

1835: 1 Troy Oz. Platinum (Retail: Refined) = Fl C.M. 10.6355
..... £ 1.109, Fr 27.41, ℳ 14.05

1835: 1 Troy Oz. Silver (Retail: Refined) = Fl C.M. 3.545
..... £ 0.3697, Fr 9.137, ℳ 4.683

 

1835: 1 Troy Oz. Gold (Retail: Refined) = Fl C.M. 35.4516
..... £ 3.697, Fr 91.37, ℳ 46.83

1834: 1 Troy Oz. Gold (Coined) = Fl C.M. 40.6176
..... £ 4.235, Fr 104.68, ℳ 53.656

1835: 1 Troy Oz. Palladium (alloy "for dentists") = Fl C.M. 10.6355
..... £ 1.109, Fr 27.41, ℳ 14.05
 
1835: 1 Troy Oz. Palladium (Paris: alloy "for dentists") = Fr 28.44  (USD$ 5.22) 
 
1835: 1 Troy Oz. Iridium (Refined) = Fl C.M. 42.5419
..... £ 4.4361, Fr 109.64, ℳ 56.20

Citation: Archiv Der Pharmazie: Zweite reihe. III Band. Dritte Abtheilung (Sept.? 1835) p.328
















 

Austrian Weight: