March 25, 2014

Germany, 1887

1887: 1 Kilogram Russian Ore ~74.8% = ℳ 552.3 (304.85 руб Kr) ~ USD$ 131.63  
1887: 1 Kg. Russian Pt .999 = ℳ 738.4 ~ USD$ 176.

1887: 1 Troy Ounce Russian platina (Export) = ℳ 17.18 (USD$ 4.094 )
1887: 1 Troy Oz. Russian Pt (Export, .999) = ℳ 22.97 (USD$ 5.474) 

1887: 1 Troy Ounce Platinum (Semi-mfg, Whols.) = ℳ 31.29 (USD$ 7.458)
1887: 1 Troy Oz. Platinum (NYC: Semi-mfg, Imported) ~ ℳ 31.47 (USD$ 7.50)
1887: 1 Troy Oz. Platinum (NYC: Semi-mfg, Mkt) ~ ℳ 32.73 (USD$ 7.80)

1887: 1 Troy Oz. Pt (London: .999, Ret?) ~ ℳ 35.67 - 40.76 (£ 1.75 - £ 2.)
1887: 1 Troy Oz. Platinum (UK: Mfg, Ret) ~ ℳ 39.54 (£ 1.94)

Citation: Die Metalle: Geschichte, Vorkommen und Gewinnung, nebst ausführlicher ...Bernhard Neumann p.363


March 22, 2014

Germany, 1886

1886: 1 Troy Ounce Platinum (Germany: Mkt.) = ℳ 27.993

1886: 1 Troy Oz. Silver (Germany: Mkt.) = ℳ 4.23

1886: 1 Troy Oz. Gold (Germany: Mkt.) = ℳ 86.7787


In the spring of 1886, the prices for 1 kg of Silver was ℳ 186, Platinum ℳ 900, Gold ℳ 2,790

Citation: Encyklopädisches Handbuch der technischen Chemie, Vol.3



Increased Consumption makes the Platinum price currently rise again.  

Citation: Technisch-Chemisches Jahrbuch, Vol. 7, Ed. Rudolf Biedermann


1886: 1 Troy Oz. Platinum (Mfg, Bulk) = ℳ 32.3476 (USD$ ) 

Citation: Die Chemische Industrie, 1892 Vol. 15 (1892) p.70

 





1886: 1 Troy Ounce Platinum (USA: Semi-mfg, Whols.) ~ ℳ 31.3523 

Citation: Die Metalle: Geschichte, Vorkommen und Gewinnung, nebst ausführlicher ...Bernhard Neumann p.363


c.1885/6: Platinum capsule for Siemen's Pyrometer, ℳ 210.

Germany, 1906





...und der Preis für Platin von 2700 auf 2900 beziehungsweise  4500(Erhöhun 55% beziehungsweise 66,7%).

...and the cost of platinum of 2,700. - 2,900. or 4,500. (inflation of 55% or 66.7%).

October, 1906


Germany, 1880


"In Deutschland kostete 1 kg Platin im Jahre 1880 noch immer nur 600 Goldmark"

1880: 1 Troy Ounce Platinum (Semi-Mfg, Bulk) = 18.6621 (USD$ )

1880: 1 Troy Oz. Platinum (Semi-Mfg, Bulk) = 20.2173 (USD$ )


Citation: Deutschlands chemische Industrie, 1888-1913; Bernhard Lepsius

1880: 1 Troy Oz. Platinum (Mfg, Bulk) = 27.3711 (USD$ )


Citation: Die Chemische Industrie, 1892 Vol. 15 (1892) p.70

March 21, 2014

UK, 1896: Numismatic Prices for Pt Roubles


c.1896: 1 Troy Oz. Pt (London Mkt) = £ 1.75 - 2.25 (USD$ 8.56 - 11.)

Citation: Western druggist, Vol. 18 (1896) p.413


1896: 1 Ozt. Platinum (UK: Semi-Mfg) = £ 2.25 (USD$ 10.96)



Where a 3-Platinum coin weighed 10.35 Grams, .975 Pure Pt, the following 'Ask' prices likely exceed numismatic market prices. Avg Numismatic Ask: £ 4.75/Ozt;

3/1896: 1 Ozt. Pt Coin (Numismatic: 12-руб, Au-50) = £ 5.78 (USD$ 28.15)
3/1896: 1 Ozt. Pt Coin (Numismatic: 6-руб, Au-50) = £ 3.85 (USD$ 18.77)
3/1896: 1 Ozt. Pt Coin (Numismatic: 3-руб, MS-70) = £ 4.62 (USD$ 22.50)
  
March 1896:
Citation: The Numismatic Circular, Volumes 2-4 Apr. 1896 p.1654


10/1896: 1 Ozt. Pt Coin (Numismatic: 12-руб, Au-50) = £ 5.0 (USD$ 24.36)
10/1896: 1 Ozt. Pt Coin (Numismatic: 6-руб, Au-50) = £ 3.85 (USD$ 18.77)
10/1896: 1 Ozt. Pt Coin (Numismatic: 3-руб, MS-70) = £ 4.62 (USD$ 22.50)
10/1896: 1 Ozt. Pt Coin (Numismatic: 3-руб, MS-60) = £ 3.47 (USD$ 16.90)

October 1896:
Citation: The Numismatic Circular, Volumes 2-4 Nov. 1896 p.1970



Australia:




Assuming 76.90% Pt ore, w/ 5% Shipping and £ 0.0625 Refining Cost @ London:

1896: 1 Ozt. platina (UK: NSW.769) = £ 1.427
1896: 1 Ozt. platina (UK: NSW.769, net S/H) ~ £ 1.355
1896: 1 Ozt. Pt (UK: NSW.999) = £ 1.763
1896: 1 Ozt. Platinum (UK: NSW.999, net S/H, refined) = £ 1.825

1896: 1 Ozt. Platinum (Producer Cost: NSW Ore, Ref.) ~ £ 1.92


 




Australia, 1897


1897: 1 Troy Ounce Platinum (UK: Mkt, Refined) = £ 2.75 (USD$ 13.37) 

 
 Where Australia produced 1,966 Ozt  (61.15 Kgs) worth £2,949

1897: 1 Troy Ounce Platinum (Australia: Ore, Spot) = £ 1.50

Citation: Annual Report - New South Wales Department of Mines (1896-8) p.69

 

 
1897: 1 Troy Ounce Platinum (Australia: Spot, .999) = £ 1.75 - 2. 
1897: 1 Troy Ounce Platinum (Australia: ore 70% - 85% ) = £ 1.40 - 1.50
 

 

Australia:

Assuming 76.90% Pt ore, w/ 5% Shipping and £ 0.0625 Refining Cost @ London:

1897: 1 Ozt. platina (UK: NSW.769) = £ 1.
1897: 1 Ozt. platina (UK: NSW.769, net S/H) ~ £ 1.
1897: 1 Ozt. Pt (UK: NSW.999) = £ 1.
1897: 1 Ozt. Platinum (UK: NSW.999, net S/H, refined) = £ 1.

189: 1 Ozt. Platinum (Producer Cost: NSW Ore, Ref.) ~ £ 1.


 








Russia, 1911


June 1911: 1 Troy Ounce platina (83% Ore, Ural Spot)=  руб 67.45 ($34.71)
June 1911: 1 Troy Oz. Pt (Ural Spot, .999)=  руб 81.26 ($41.81)
 

Citation: The Russian Year-book, Vol. 2 (1912) p.188


1911: 1 Troy Oz. platina (SPb: Russian ore) = USD$ 35.19
1911: 1 Troy Oz. Pt (SPb: Russian ore @.999) = USD$ 42.40

Citation: The Mineral Industry, Vol. 20 (1912) p.604




November 1911: 1 Troy Oz. Pt (Ural Spot, .999) ~  руб 89.65 ($46.13)


11/1911: 1 Troy Ounce platina (Ural Spot: 83%) = руб 73.28-74.37 ($37.71-38.27)
11/1911: 1 Troy Oz. Pt (Ural Spot, .999)=  руб 88.29-89.61 ($45.43-46.11)

Citation: Mining and Scientific Press, Volume 103 (11/25/1911) p.686

March 20, 2014

Germany, 1910



1910: 1 Troy Oz Platinum (Mkt) ~ ℳ
1910: 1 Troy Oz Palladium (Mkt) = ℳ 119.75 (USD$ 28.50)
1910: 1 Troy Oz Rhodium (Mkt) = ℳ 497.66 (USD$ 118.44
1910: 1 Troy Oz Iridium (Mkt) = ℳ 152.41 (USD$ 36.27
1910: 1 Troy Oz Osmium (Mkt) = ℳ 118.19 (USD$ 28.13)
1910: 1 Troy Oz Ruthenium (Mkt) = ℳ 245.72 (USD$ 58.48)

Citation: Die Lagerstätten der nutzbaren Mineralien und Gesteine nach Form..., Vol. 2; Franz Beyschlag, Paul Krusch (1913) p.702  


1/1910: 1 Troy Ounce platina (Ru Ore 83%, Mkt) = ℳ 83.98
1/1910: 1 Troy Oz Pt (Ru Ore 83%, Mkt) = ℳ 101.18

12/1910: 1 Troy Oz. platina (Ru Ore 83%, Mkt) = ℳ 129.70
12/1910: 1 Troy Oz Pt (Ru Ore 83%, Mkt) = ℳ 156.27

 
Suspect republication 

March 19, 2014

France, 1893


Davy's Lamp, Fr. 6.

Citation: Catalogue des instruments de précision de E. Ducretet & L. Lejeune, Part 1;  E. Ducretet (1893)
 



Wire

March 15, 2014

Russia, 1850

'Bulk Scrap' was the Poud Rate of ~16.4 Kg; the Kilogram Rate is seen to be ~18.5% higher.

1849: 1 Ozt. Platinum (Coin @ StPb, .970) = Fr 26.593 (USD$ 5.00)

1850: 1 Troy Oz. Platinum (SPb: Bulk Scrap ~.970 Fine)= 5.84 руб (Fr. 22.34)
1850: 1 Ozt. Pt (SPb: Bulk Scrap ~.999 Fine)= 5.757 руб (Fr. 23.03)

Assuming the prior Russian Mint Refining Rate (1836) of Fr. 2.734 per Ozt:
1850: 1 Ozt. Platinum (SPb: Base Cost ~.999 Fine) = 6.44 руб (Fr. 25.76; USD$ 5.13)

Assuming the Paris 'Wet Refining' Rate (for profit, 1857) of Fr. 7.88 per Ozt:
1850: 1 Ozt. Platinum (Paris: Producer Base +Profit) = 7.70 руб (Fr. 30.807; USD$ 6.14)


1850: 1 Troy Oz. Platinum (Bulk Scrap, SPb Mkt Price)= 5.84 руб (USD$ 4.45)

Citation: Journal of the Society of Chemical Industry, Vol.  23; Society of Chemical Industry (Great Britain) 5/31/1904 p.568

March 12, 2014

Platinum Wire, Weight By Inch

1898, Platinum Wire: Diameter .0127 In, 0.6076 g./Foot


1896, Platinum Wire:


June, 1909:




March 11, 2014

UK, 1846



In 1845, refined & manufactured Platinum retailed 4x higher than refined Silver and 1/6 the Price of Fine Gold. The wholesale ratio Pt & Ag appears the same.

1843: 1 Troy Oz. Platinum (semi-mfg, whols.) = £ 1.20 - 1.75 (USD$ 5.76 - 8.38)


1845: 1 Troy Oz. Platinum (UK Mkt: 75%) = £ 1.125 (USD$ 5.47)
1845: 1 Troy Oz. Platinum (UK Mkt: 75%) = £ 1.125 (USD$ 5.47)


1846: 1 Troy Oz. Platinum (StPb: Refined, Mint) = £ 1.1051 - 1.1052
 
1846: 1 Troy Oz. Platinum (UK Mkt: Intrinsic) = £ 1.50 (USD$ 7.294)
1846: 1 Troy Oz. Platinum (UK Mkt: Intrinsic) = £ 1.60 (USD$ 7.78)

1846: 1 Troy Oz. Platinum (UK Semi-Mfg, Whols.) = £ 1.75 (USD$ 8.51)
1846: 1 Troy Oz. Platinum (UK Mfg, Whols) = £ 2.10 (USD$ 10.21)
 
1846: 1 Troy Oz. Platinum (UK Semi-Mfg, Ret.) ~ £ 1.85 (USD$ 9.)
1846: 1 Troy Oz. Platinum (UK Mfg, Ret.) ~ £ 2.35 (USD$ 11.42)

1846: 1 Troy Oz. Silver (Sterling) = £ 0.25
1846: 1 Troy Oz. Silver (pure) = £ 0.28
1846: 1 Troy Oz. Silver (mfg, retail) = £ 0.45


Citation: The British quarterly review, Vol. 4 ; Robert Vaughan (1846) p.91





Refined Platinum was sold 6x higher than Silver ore.




Refined Platinum was sold retail about half the 'common price' of Gold:

Citation: A technological dictionary: explaining the terms of the arts, sciences ...W. M. Buchanan (1846) p.572




1845: 1 Troy Oz. Platinum (semi-mfg, Retail) = £ 2.00 (USD$ 9.74)
1845: 1 Troy Oz. Silver (semi-mfg, Retail) = £ 0.50 (USD$ 2.44)
1845: 1 Troy Oz. Gold (semi-mfg, Retail) = £ 12.00 (USD$ 58.32)

Citation: A treatise on optical drawing instruments. Also A method of preserving... Charles Varley (1845) pp. 96,101








Artinsal platino-silver vase, c.1844: exorbitant rate or weight.


Newman's 1845 listed no price for Platinum, but the Platinum blowpipe was 2.78x more expensive than the Silver. It would be a mistake to think these different PM items were the same size or weight. Adjusting for mass/weight (2.05x greater for Pt) Silver = 10.49 grams per cubic centimeter and Platinum = 21.5 grams per cubic centimeter.

Less volatile manufactured Silver prices known, the Silver blowpipe weighed <56 grams (to perhaps an ounce and a half, troy) and the Platinum 'Wollaston's Pocket blowpipe' likely weighed <37 grams (to a troy ounce or so.)

1845: 1 Troy Oz. Platinum (mfg, whols) = £ 2.10
1845: 1 Troy Oz. Silver (mfg, 9s. 9d. Stowe's Catalogue price) = £ 0.50

Citation: A treatise on optical drawing instruments. Also A method of preserving, (1845) pp. 96,101



Newman's 1852 & 1856 Catalogues had identical prices for "Platinum Plates"; likewise estimated, ~ 2 troy oz. or less.

1856: 1 Troy Oz. Platinum (semi-mfg, whols.) ~ £ 1.60

Assuming Grove's Sheet Battery, ea.: Pt 9.41 Grams/ 145.2 Grains Troy = £ 0.55 (USD$ 2.70), nearly the same price as 1853 elsewhere. 

1852: 




















c. 1845/6:

In 1846 Nicholas J. Callan published a paper entitled On a new voltaic battery;  in a Grove's Battery, he replaced a Platinum Foil with a piece of lead (0.15875 cm x 5.08 cm x 7.62 cm = 6.14515 cm³) "the same size." The Platinum Foil at 6.14515 cm³ and a presumed density of 21.37 (21.37 Grams per cm³), the "same size" foil should weigh ~ 131.3218 Grams or 4.22 Ozt. At B.P.G. 18, 2" x 3" Platinum should weigh 4.15 Ozt.

For "nearly £ 3." this amount of Platinum was excessively "cheap" and probably far too thick for typical Battery use. Instead, the foil might be half as thin and weigh 2.11 ozt.

1846: 1Troy Oz. Platinum (Foil, Estimate) ~ £ 1.60


Citation: The Farmer and Mechanic, Vol. 1; Ed. William Holt Starr 10/21/1847 p.507
 

"One square foot" is normally understood to mean 144 square inches (Sq In) : as the double-sided area of a single foil would be 72 sq. in. per side = 8.45" x 8.45", 6" x 12", etc.

Assuming 'Thin Foil', a 12" x 12" Sheet (144 Sq. In.) would weigh 57.60 Grams (1.852 Ozt)

In the correct calculation however, "12 Square Inches" of area (or 6 sq.in. per side) should be a foil 3.464" x 3.464", 2" x 3", etc.


Grove's Battery, 1840s?



Colombia, 1836






1836: Estimated Colombian platina yield ~ 1,479 - 1,774.8 Ozt.
460 Grammes = 1 Libra = 46 Kilograms = 1,479 Ozt.


Choco Gold, according to information provided to me about it by Boussingault, contains an average of 5% Platinum, and as the gold minted at Popayan comes from Choco washings, this results in adding to the amount that is provided there each year, one-fifth the value of that exported by smuggling, we will have, in taking 5%, very roughly approximate the amount of platinum provided by the platina ores of Choco, which can be evaluated at 10 or 12 quintals. Anyway, you can wear at least double platinum supplied by Russia, the quantity produced by different parts of America, that amount will increase with the more general use of this metal, who will find over the care of exploiters.