USA, 1862

1862: 1 Troy Oz. Platinum (UK: Semi-mfg, Trade) = £ 1.35 ($ 6.58)

1861/2: 1 Troy Ounce Platinum (Wire: Wholesale) = £ 1.225 ($ 5.95; USD$ 5.95 - 6.06)
1862/3: 1 Troy Oz. Platinum (Wire: Wholesale) = £ 1.2087 ($ 5.89 ; USD$ 6.03 - 9.39) 
1862/3: 1 Troy Ounce Platinum (Wire: Wholesale) = £ 1.201 ($ 5.85 ; USD$ 6.76 - 9.39)



in August 1862, Platinum crucibles became more expensive, after the 1862 tariff hike.

Published prices appear consistent, but large premiums and Gold-rate inflation occurred 1862-4.

February, 1862:

1861/62: 1 Troy Oz. Silver-Platinum Alloy (French Import, Trade) = USD$ 6.50

1861/62: 1 Troy Ounce Gold (presumed, whols.) = USD$ 22.

Citation: New York Dental Journal, Vol.5 (March, 1862) p. 107

February, 1862: 1 Troy Oz. Silver-Platinum Alloy (Dental Trade) ~ $ 7. ; USD$ 7.25

Citation: Hettingers Dental News, Vol, 1-6 (February, 1862) p. 16

Citation: New York Dental Journal, Vol. 5 (July?1862) p.64

Platinum became war-materiel in 1862; scarcity was noted in the South.

Judging from European prices, the US Market Platinum Low may have occured in 1862/3?

Citation: Dental office and laboratory, Vol. 5, No. 3 (1891) p.

Where 879 Pounds Avd. is understood to be 12,818.75 Ozt,
 
1861/2: 1 Ozt. Platinum (Plate: Whols., Import.) = $ 5.2797




Where 11 Pounds Avd. is understood to be 160 Ozt,
 
1861/2: 1 Ozt. Platinum (Plate: Whols., Import.) = $ 5.2488 
 
Where 897 Pounds Avd. is understood to be 13,081 Ozt,
 
1861/2: 1 Ozt. Platinum (Plate: Whols., Import.) = $ 5.2818

Germany (UK), 1862

Indicating 1 Reichsthaler =  £ 0.15 and where 1 Ozt = 2.128 Loth köln.

1862: 1 Troy Oz. Platinum (Berlin: Semi-Mfg, Bulk) ~ Thl 9.
1862: 1 Troy Oz. Platinum (Berlin: Mfg, Retail) = Thl 12.77 

18) Ten platinum dishes and crucibles with lids and tubes. Platinum-weight 12 Lth. à Loth 6 Th.

Citation: Special-Catalog der gewerblichen Ausstellung des Zollvereins (1862)
 



Where weights calculated by the 'new' Pfund of 30 Loths (500 Grammes) 1 Loth = 0.5359 Troy Ounce (new 1 Unze = 1.07 English Troy Ounces), but the weight-price of Johnson & Matthey's exhibit in London is as likely to be English Troy Ounce. Shipping and insurance costs are not factored.

German prices at the 1862 London Exhibition show a competitive devaluation in Platinum prices was well underway, from 1857.

1862: 1 Troy Oz. Platinum (Eng. Mfg, Producer, pre-import) = Thl 8.41 - 9.35

1862: 1 Troy Oz. Platinum (Eng. Mfg, bulk, pre-import) ~ Thl 9. - 10.

1862: 1 Troy Oz. Platinum (semi-mfg, whols./ret.) ~ Thl 11.20 (USD$ 9.37)

UK, 1862:

At the 1862 London Exhibition, the Berlin agent for Luhme offered Platinum ware for 6 Thalers per Loth, lower than the Berlin price in 1859/60. Presuming a same rate for the semi-manufactured Platinum applied (above):

Where 1 Loth = 0.469 Ozt, 

1862: 1 Troy Oz. Platinum (Berlin: Mfg, Retail) = Thlr. 12.785 (£ 1.90)  

Citation: The illustrated catalogue of the industrial department;  International exhibition, 1862 p.79

1862: 1 Troy Oz. Platinum (UK: Semi-mfg, Trade) = £ 1.35 (Thlr. 9; $ 6.58)
1862: 1 Troy Oz. Platinum (UK: Mfg, Trade) = £ 1.35 - 1.50 (Thlr. 9 -10.)
1862: 1 Troy Oz. Platinum (Mfg, Berlin Retail) = Thlr. 12.7683 (£ 1.915)


Citation: Fortschritte und Leistungen der chemischen ..., Vol. 8 (1862)


1862: (same prices as 1860)

Where the Loth was 14.40 g., the Quentchen ~1.6g.


1862: 1 Ounce Chlor-Gold (Photo. Chemical, Retail) = Thlr. 25.9196
1862: 1 Ounce Chlor-Platin (Photo. Chemical, Ret.) = Thlr. 9.72 





The 1826 Coronation Medal of Nicholas I (issued at varying weights: the maximum 15.6 g)  sold for Thlr. 138. ($ 109.50) ; this medallion was sent to von Humboldt by Count Kankrin in 1827. (See Im Ural und Altai: Briefwechsel zwischen Alexander von Humboldt und Graf Cancrin [1859] p. 5: "Nr. 8. Die große Krönungsmedaille.") It should be assumed .970 Fine Pt., but this size was (perhaps then known to be) exceedingly rare. 

The 1862 numismatic premium was 2,957% the price of manufactured Platinum.

1862: 1 Troy Oz. Platinum (Numismatic Value) = Thl 275.15 (~£ 20.5)
.... USD$ 218.22
 





Assuming 54 Grains Troy per ducat, a "98 Ducat" coin weighed 11.025 Ozt Fine Gold and sold for $ 119.59

{In Silver (75.2 x 5.6 mm)The Commemoration of the visit of Louis-Philippe, Queen Marie-Amélie and the Royal children to the Mint, 1833 medallion by Jean-Jacques Barre}

Medals offered to Humboldt by several sovereign and scholarly institutions, including six gold medals worth 670.75 ducats, seven in platinum, twenty-three silver medals and 100 bronze medals. Part of the gold medals were withdrawn from sale because it does not appear that purchasers desired give a price higher than intrinsic value. We noticed in particular octagon gold medal representing the Gate Moscow, worth Thlr. 300 ; the gold medal offered by Humboldt listeners at the end of his course in 1828, worth Thlr. 225; gold medal Pfeuffer, bringing the bust of Sophocles, Thlr. 250 - Gold Medal offered in 1833 by the King Louis-Philippe, souvenir of a visit to the Paris Mint: the law, the king and queen of French; the back nine princes and princesses of the Orleans family. This medal, the weight of 98 ducats, was sold Thlr. 293 - The same silver Thlr. 34 - Platinum Medal, struck the coronation of Emperor Nicolas in 1826, Thlr. 138 - Memorial Gold Medal for the completion of Smolus convent in St. Petersburg in 1835, Thlr. 190 th. - Gold Medal by Mr. Kin, price of the Mining Institute in Russia, worth 62 1/2 ducats. - Gold Medal, Tolstoy's portrait of Princess Helene, 77 thlr.- Medal associate member of the Institute of France, 40 thlr, etc., etc.


Citation: Gazette des beaux-arts, 1863; Vol. 1; Vols. 7-8 p.367

Russia, 1862: Johnson & Matthey's Purchase

1862:  1 Troy Ounce Platinum (SPb: Scrap .95 Pt, Lg. Bulk) = 6.1842 руб Ag. (£ 0.8947)  

Citation:  Platinmetalle von Heinrich Quiring (1962) p. 72
After technological attempts to exploit the recalled Platinum coinage from the State coffers had been abandoned - for a Russian industry for Platinum manufactures did not exist - in 1857 654.4 kilograms (of Platinum, as Scrap) were sold for 215 Roubles per kg to the Paris refinery of Desmoutis.  In 1862, Johnson, Matthey & Co. of London took a further 11,800 kg at the price of 199 Roubles per kg. With this large supply, the English company was able to secure a world monopoly of trade for many years.  Prices for Russian crude platina, the refined metal and other PGMs hereafter rose or  fell according to the English market.

1862 Platina Yield: 142.025 Poud = 5,681 Funt = 74,796.72 Ozt. = 2,326.44 Kgs.
1862 Platina Export: 49 Poud = 1,960 Funt = 25,806 Ozt. = 802.65 Kgs.

  Citation: A Treatise on Chemistry: Metals; Henry Enfield Roscoe, Carl Schorlemmer (1879)


Platina export:


Sellon's purchase in 1862:

1862: "about 1860" (1902)

Important Summary of Platinum Production: The Journal of industrial and engineering chemistry, Volume 10, American Chemical Society, 1918

USA, 1859-63: NY Chemist Prices ... "Economize Your Platina!"

Although prices had dropped in the mid-1850s (increased domestic refining & the global proce decline) Platinum prices in New York catalogues appear fairly stable just before the Civil War (1859-1862.)

1859: 1 Troy Ounce Silver-Platinum Alloy (French Import, Trade) = USD$ 6.50

Late 1862: 1 Troy Oz. Silver-Platinum Alloy (French import) = USD$ 7.50

Late 1863-1864: 1 Troy Oz. Platinum (whols.) = Market Price of Gold

Citation: New York Dental Journal, Vol. 1-2 (July 1859) p.299

Citation: New York Dental Journal, Vol. 1-2 (December 1858) p.61

November 1862: 1 Troy Oz. Platinum (Wire: Semi-mfg, Trade) = $ 8.

November 1862: 1 Troy Oz. Silver-Platinum (French import, Trade) = $ 7.

Citation: Hettingers Dental News, Volumes 1-6 (December 1862) pp. 16;73

Counterfeiting US Gold coin with platina indicates ready-access to the metal, but the (Philadelphia) price cited is far below NY catalogues. It is therefore presumed platina (ore), in some alloy (proportion) and by some manufacture (unstated.)



These prices may have been moot by the price hikes, after going-to-press.

1863: 1 Troy Oz. Gold (whols.) = USD$ 22.
1863: 1 Troy Oz. Silver-Platinum (French import, Trade) = USD$ 7.50

Citation: New York Dental Journal, Vol. 5 (Sept. 1863) p.131

February 1862: 1 Troy Oz. Platinum (Wire: Semi-mfg, Trade) = $ 8.
February 1862: 1 Troy Oz. Silver-Platinum (French import, Trade) = $ 7.

1861-2: 1 Troy Ounce Platinum (semi-mfg, whols.) = USD$ 7. - 8.

Citation: Hettingers Dental News, Volumes 1-6 (March 1862) p.16

1864: 1 Troy Ounce Platinum (semi-mfg, whols.) = USD$ 53.41

Citation: New York Dental Journal, Vol. 5 (May 1864), p.323

Citation: Hettingers Dental News, Volumes 1-6 (Dec. 1864) p.16

Citation: Hettingers Dental News, Vol. 4 No.4 (Dec. 1865) p.287

Citation: Hettingers Dental News, Vol. 4 No.4 (Dec. 1865)

Citation: New York Dental Journal, Vol. 3 (December 1866) p.199

These recollections are probably of a time after 1863, when Platinum prices in Greenbacks had already begun rising. The late Sixties witnessed the lowest prices, according to several sources.



In 1918, the US Mint sold off a small number of false US Eagles and Half Eagles that dated from the 1850s/60s, counterfeits that had apparently been struck on the West Coast at a time when PGMs were almost worthless locally.

UK, 1860s: Platinum Price

In the early part of the 1860s, the British price continued a steady decline, and Refined Platinum may have dropped 20% in 1861 following Deville's famous paper.

1859/60: 1 Troy Ounce Platinum (ore, at purity) = £ 1.20 (USD$ 5.82)

1859/60: 1 Troy Ounce Platinum (refined, retail) = £ 1.60 (USD$ 7.11)

1860: 1 Troy Ounce Platinum (refined, wholesale?) = £ 1.50 (USD$ 7.28)

1861: 1 Troy Ounce Platinum (refined, wholesale?) = £ 1.23 (USD$ 5.84)

1862: 1 Troy Ounce Platinum (refined, whols.) = £ 1.20 (USD$ 6.67)

1860-3: Military School expenditure

UK, 1862: Johnson & Matthey Ingot; Hunt's Handbook to the International Exhibition

1860/1: 1 Troy Oz. Platinum (Wire: Retail) = £ 1.50 (USD$ 7.28)  


1861/2: 1 Troy Ounce Platinum (Wire: Wholesale) = £ 1.225 (USD$ 5.97)
1862/3: 1 Ozt. Platinum (Wire: Wholesale) = £ 1.201 (USD$ 5.97) 

1860- 1863: Military School expenditure

Citation : Accounts and papers of the House of Commons, Vol. 35, 4/2-29/7/1864, p.134



Where  210.375 Ozt = £ 254.2875: ~24s. 2d

1862/3: 1 Ozt. Platinum (Wire: Wholesale) = £ 1.2087 ($ 5.87)

Citation: Accounts and Papers of the House of Commons;  Great Britain. Vol. 35, 4/2-29/7/1864, p.134




1862: 1 Ozt. Platinum (Ingot) = £ 1.19 ($ 5.82)
1862: 1 Ozt. Platinum (Whols., Wire) = £ 1.23 ($ 5.97)
1862: 1 Ozt. Platinum (Mfg, Bulk unit) = £ 1.321 ($ 6.41)
1862: 1 Ozt. Platinum (Mfg, Small unit) = £ 1.35 ($ 6.58)

1862: 1 Ozt. Platinum (Whols., Wire) = £ 1.23 ($ 5.97) 



Cast during the London Exhibition of 1862, the ingot was 3,215 Troy Ounces and contemporary valuations were estimated at £ 3,840/Fr. 96,000.

1862: 1 Ozt. Platinum (Ingot, Producer) = £ 1.19 ($ 5.82)
1862: 1 Ozt. Platinum (Mfg, Producer) = £ 1.35 ($ 6.58) 
1862: 1 Ozt. PALLADIUM (Whols.) = £ 8.40 - £ 10.50 (USD$ 46.70 - 58.38)
1862: 1 Ozt. IRIDIUM (Whols.) = £ 6.5 (USD$ 36.15)

Citation: Handbook to the industrial department of the International exhibition, 1862, Robert Hunt, pp. 21-23.




1862, UK Platinum Boiler:




1862: 1 Ozt. Platinum (UK: Ingot, Mkt) = £ 1.19 (Fr 29.86)


Citation: The London review and weekly journal of politics, literature, art ...,Vol. 4 (1862) p.490






1862: 1 Ozt. Platinum (Mfg, Producer) = £ 1.321 ($ 6.41)

c.1862

Circa June-July 1862 (citing Berg- und hüttenmännische Zeitung, Vol. 21 No.33)

1862: 1 Ozt. Platinum (Semi-Mfg, Wire, Producer) = £ 1.35 ($ )
1862: 1 Ozt. Platinum (Semi-Mfg Fine Wire, Producer) = £ 1.50 ($ ) 

Citation: Berg- und hüttenmännische Zeitung (1862: Vol. 21, No.33 8/13/1862) p.290


Citation: Polytechnisches Centralblatt 1862: 24 (12/15/1862) p.1658




1862: 1 Lb. Colombian Balsam (Bulk, Trade) = £ 0.25