Australia, 1906

1905: 1 Troy Ounce Platinum (London: Bulk, Mkt) = £ 4.5167 (USD$ 21.99)



Citation: E/MJ, Engineering and Mining Journal, Vol. 83 (5/11/1907) p.907

Germany, 1906

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

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

October, 1906

Russia, 1906

1906: 1 Troy Ounce Platinum (SPb Refined, Mkt)= 79.75 руб (USD$ 40.56)




1906: 1 Troy Oz. platina (Mkt)= 32.28 руб (USD$ 16.42)
1906: 1 Troy Oz. platina (Mkt)= 64.56 руб (USD$ 32.83)
  


Citation: Board of Trade Journal, Vol. 54 (1906) p.476

1906	руб/Poud	руб/Ozt.	руб/Ozt.	руб-$/Ozt.	USD$/Ozt
	-82%	-82%	-0.999	-0.999	(Ingot)
Jan	22,000.00	41.7739	50.9438	$24.99	$20.50
Feb	22,000.00	41.7739	50.9438	$24.99	$25.00
Mar	22,000.00	41.7739	50.9438	$24.99	$25.00
Apr	22,000.00	41.7739	50.9438	$24.99	$25.00
May	22,000.00	41.7739	50.9438	$24.99	$25.00
Jun	22,000.00	41.7739	50.9438	$24.99	$25.40
Jul	23,000.00	43.6727	53.2594	$26.13	$26.00
Aug	23,000.00	43.6727	53.2594	$26.13	$26.00
Sep	28,250.00	53.6415	65.4164	$32.10	$32.10
Oct	34,000.00	64.5597	78.7313	$38.63	$33.00
Nov	31,000.00	58.8632	71.7844	$35.22	$35.50
Dec	33,000.00	62.6608	76.4157	$37.49	$38.00

1906: 1 Troy Ounce platina (Ural Cost)= £ 2.552 (24.44 руб; USD$ 12.43)
1906: 1 Troy Oz. platina (SPb Mkt)= £ 3.828 (36.66 руб; USD$ 18.65)  
1906: 1 Troy Oz. Platinum (SPb Mkt)= 33.09 - 64.56 руб (£ 3.46 -6.74)

January 1906: 1 Troy Oz. Platinum (ingot at purity) ~ £ 5.60 (USD$ 27.25)
October, 1906: 1 Troy Oz. Platinum (ingot, mkt) = £ 7.98 (USD$ 38.83)
October, 1906: 1 Troy Oz. Platinum (ingot at purity) ~ £ 9.39 (USD$ 45.69)

1906:

Recently, we used excavators, which are much more advantageous, and by which a Poud of Platinum will cost at most 4,000 Roubles. {...}  The price that is paid for the Stareitely, varies between 1.50 Rouble and 2.50 Roubles per Zolotnik. When using their own workers extracting the metal costs more. {...} therefore a 1.90 Roubles per Zolotnik or 4,000-7,200 Roubles per Poud {...} The average daily wage salary for a worker in the summer is R. 0.75 to 1 Rouble, the highest about 1.75 Rouble. 

A larger number of the largest mine owners are bound by 10-year contract; regardless of the global price at the major refineries,  their product must be delivered at a fixed rate of 10,000-11,500 Roubles per Poud. 

Citation: Die Untersuchung und Bewertung von Erzlagerstätten;  Paul Krusch (1907)


Citation: Industrial & Mining Standard, Vol. 38 11/13/1907, p.450


Citation: Queensland Government Mining Journal, Volume 8 (Jan 1907) p.56


Maximum ore price, to date:




35% of global production recycled Pt:


Osmiridium smuggled out of Russia?

Colombia, 1906

1906: 1 Troy Ounce platina (Colombian ore, Spot, Est. 80%) = USD$ 18.
1906: 1 Troy Oz. Pt (Colombian export, .999) = USD$ 22.50

1906: 1 Troy Ounce Platinum (NYC: Refined, Spot) = USD$ 28.21

1906: 1 Troy Oz. Platinum (NYC Bid: Scrap) = USD$ 22.

Citation: The Jewelers' Circular, Vol. 81, Issue 2 p.89 (9/3/1920)


In 1906, Colombia reportedly exported 211.205 Kgs. platina



1906-7 Price Spike: 

Citation: Mining American, Vol. 56, 11/14/1907 p.449
 

 
In 1906 (as 100 years before) free negroes were still bartering platina for presumably poor-quality and overpriced clothes and cheap trinkets. "They sometimes received money."

Citation: Mineral resources of the United States, Part 1 ; Geological Survey p.545


In 1906, the gold-platina yield was only ~10% platina.



The placer mining technology was still pre-Colombian.



Platina had been worthless for hundreds of years; even in periods of 19th Century European demand is was not aggressively sought after.

USA, 1906: US Monthly Prices, Russian Platina High

New York Monthly Prices & Scrap Rate

1906: 1 Troy Ounce Platinum (Refined, Spot) = USD$ 28.21

1906: 1 Troy Oz. Platinum (Bid: Scrap) = USD$ 22.

Citation: The Mineral Industry, Vol. 15 (1906) p.653


Where Platinum Foil was sold at $10./oz, an Ounce of Platinum Chloride was nearly double the price.  But these trade prices seem impossibly low, half the market-price for Platinum ingot and below the Russian source prices.

November, 1906: 1 Troy Oz. Platinum (Semi-Mfg, Foil, 50%?) = USD$ 10. -16.

November, 1906: 1 Troy Oz. Platinum Chloride (PtCl₂, 29%? Ret.) = USD$ 18.50

Citation: Prices Current, Drugs Chemicals & Oils; Fuller & Fuller Co., Chicago (Nov. 1906)

 

 

1906-08:

Citation: The Mineral Industry, Vol. 17 (1912) p.711

 

June/July, 1906:

June-July, 1906: 1 Troy Oz. Platinum (85%, NY Spot) = USD$ 25.50 - 26. 

June-July, 1906: 1 Troy Oz. Platinum ('hard' ingot, NY Spot) = USD$ 27.50 - 28.

June-July, 1906: 1 Troy Oz. Platinum (Scrap, NY Spot) = USD$ 18.50 - 20.

Citation: Electrical Review, Vol. 51 11/23/1907:

1906: 1 Troy Oz. platina (Russian ore, Spot) = USD$ 17.04 - 33.25

1906: 1 Troy Oz. Platinum (85% ingot, NY Spot) = USD$ 20.50 - 38.

September 1906: 1 Troy Oz. Platinum = USD$ 34.

1906 (?): 1 Troy Oz. Osmium = USD$ 21.

Citation: Tables of Minerals: Including the Uses of Minerals and Statistics... Samuel Lewis Penfield

October, 1906: 1 Troy Oz. Platinum (refined, semi-mfg, whols.) = £ 9.39 (USD$ 45.55)

Citation: Bulletin of the Pan American Union, Vol. 45 (1917) p.618

The intrinsic value of the US Silver Dollar was only worth about $ 0.50 in New York & London.

UK, 1906

January, 1906: 1 Troy Ounce Platinum (ingot, 85%, mkt) = £ 4.76 (USD$ 23.17)
January, 1906: 1 Troy Oz. Platinum (ingot at purity) ~ £ 5.60 (USD$ 27.25)


October, 1906: 1 Troy Oz. Platinum (ingot, mkt) = £ 7.98 (USD$ 38.83)
October, 1906: 1 Troy Oz. Platinum (ingot at purity) ~ £ 9.39 (USD$ 45.69)

Citation: The Mineral Industry, Vol. 17, 1909 p.314

March 1906:

September 1906:

Late Sept. 1906:


November 1906:



Dec. 1906:
Citation: Pharmaceutical Journal, Vol. 78? (1/12/1907) p.45



Dec. 1906?:
Dec. 1906?: 1 Ozt. Pt (Scrap, Bid) = £ 6.50 (USD$ 31.45)
Dec. 1906?: 1 Ozt. Platinum (Refined, Retail) = £ 8.50 (USD$ 41.12)

Citation: The British Journal of Photography, Vol. 54, 2/2/1907 p.78 







An article that was re-published in the USA in August (July, to printers) first appeared in an English journal in April/May; the price data was February-March, 1906. It is mentioned that Hopkins & Williams, Ltd. of London published a chemical catalogue in 1906 (?) but recorded no prices.

Platinum scrap was bought at 77% the retail price for refined sheet/wire Platinum.

February, 1906: 1 Troy Oz. Platinum (scrap, bought) = £ 4.25 (USD$ 20.68)
February, 1906: 1 Troy Oz. Pt (semi-mfg, retail) ~£ 5.-6. (USD$ 20.43-29.20)
c. June, 1906: 1 Troy Oz. Platinum (mfg, retail) ~ £ 6.50 (USD$ 31.63)

Citation: The American amateur photographer, Vol. 18, August 1906, pp.390-1



This article appeared in an Boston (USA) journal from December 1906, referencing a UK advertisement placed in September, 1906. The Price Spike was blamed on two key factors with allusion to a third, and to which we add the obvious fourth:

1) Marginal supply disruption: Transvaal Mines, inoperable since 1900?
2) Russian Revolution of 1905 prevented increased output
3) German and other nations began strategically stockpiling/hording
4) Speculation (advertisements) occurred among key players and in the broader market

Platinum scrap was bought for 65% the average retail price for refined, (manufactured?) Platinum.

Late Sept. 1906: 1 Troy Oz. Platinum (scrap, bought) = £ 5.5 (USD$ 26.77)
Sept./Oct. 1906: 1 Troy Oz. Pt (semi-mfg, retail) ~ £ 7.15 (USD$ 34.80)
Sept./Oct. 1906: 1 Troy Oz. Pt (mfg, retail) ~ £ 8. - 9. (USD$ 38.93-43.80)

Citation: Photo-era magazine, Vol.17 Ed. Juan C. Abel, Thomas Harrison Cummings, et al. (1906) p.396.


Where a 'Young Head' Full Sovereign of Queen Victoria weighted 7.98 g (7.315 g pure Gold) we may assume 7.3 g of pure Platinum valued at £ 2. intrinsic at the money-changers.

c. October, 1906: 1 Troy Oz. Platinum (London, scrap) ~ £ 8.52 (USD$ 41.47)

Citation: American Journal of Numismatics, Vols 42-43 Ed. Charles Edward Anthon



Sextant, in Platinum or Silver