November 25, 2013

Canada, 1886

1885/6: 1 Troy Ounce platina (Canada: BC 70.6% Ore Spot) = CAD$ 0.50
1885/6: 1 Ozt. Pt (Canada: BC Ore, .999) = CAD$ 0.71

1885/6: 1 Ozt. platina (BC 70.6% Ore, London Mkt) = CAD$ 2.50
1885/6: 1 Ozt platina (London Shipping Cost) = CAD$ 0.25
1885/6: 1 Ozt. Pt (Canada: Ore @ .999?) ~ CAD$ 6.

1885/6: 1 Ozt Pt (Mkt: BC Ore, .999, Net UK Shipping Cost) = CAD$ 5.43

1886: 1 Troy Oz. Pt (US Ore, .999) = $ 6.43
December 1886:
Citation: Annual Report of the Minister of Mines for the Year Ending ...British Columbia. Minister of Mines' Office (1887)

Citation: White Gold and Black Diamonds: The History of Granite Creek and Coalmont... Ed.Bob Sterne (2011)

Dr. Hugh B. Cameron (in Granite in 1885) was the first man to find platinum on the creek. Other miners, not knowing what it was, were said to have regularly picked it out of their pans and tossed the annoying stuff back into the river. “When a miner brought his gold in to a dealer the dealer would empty the poke out on the counter, brush the...(white gold) out of it on the floor, and of course a little gold would go with it but what was a little gold in those days! Miners who knew its value would separate themselves before bringing their gold in, and save it for a possible market.”18 The Chinese and an infamous Scandinavian prospector named Johanssen decided to keep their “white gold” just in case one day it might have some value. Legend has it that Johanssen collected about 25 pounds of it in a bucket near his cabin at Granite Creek. Other miners laughed at him and tossed any they had into his pail as they went past. Johanssen left Granite Creek in 1907, but because his bucket of “white gold” was too heavy for his pack, he supposedly buried it near his cabin door. He never returned. Late in 1885 Dr. G.M. Dawson, assistant director of the Geological Survey of Canada, decided to test the substance. He suspected it was platinum, iridium or a mixture of the two. Three smart businessmen, Cook, Rabbitt and Blair wisely purchased quantities of the metal for 50¢ per pound. Indeed, it was determined that the mineral was platinum. Dr. Cameron said he sent his samples to Paris for testing and they also proved to be genuine.  Foxcrowle Cook shipped 1,000 ounces of platinum to England for a mere 25¢ per ounce. This barely covered the shipping costs. ... In 1887 the Victoria Daily Colonist reported about the platinum at Granite Creek. They wrote that platinum “is found among the gold and when cleaned out, used to be thrown away, but it will not be thrown away any more, for it is worth about as much as gold, perhaps more.


c.1886: 1 Ozt. platina (BC 70.6% Ore, London Mkt) = CAD$ 3.
c.1886: 1 Ozt platina (London Shipping Cost) = CAD$ 0.25
c.1886: 1 Ozt. Pt (Canada: Ore @ .999?) ~ CAD$ 7.72

c.1886: 1 Ozt Pt (Mkt: BC Ore, .999, Net UK Shipping Cost) = CAD$ 6.63

Citation: Bulletin of the United States Geological Survey, Issue 41 (1902)

Canadian platina, 72% Pt

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