Germany, 1864: PGMs

Presumably, Heraeus was marketing to the Continent and the French PGM market.  Scrap was presumably taken in exchange for manufacturers only, a loss-leader for the business.

1864: 1 Troy Oz. Platinum (refined, unmanufactured) = Fr 31.10 (~USD$ 15.61)

1864: 1 Ozt. Platinum (refined, unmfg.) = Thl 8.29 (~USD$ 12.84)

1864: 1 Ozt. Platinum (Scrap/ bought) ~ Fr 24.88 (~USD$ 12.49)

1864: 1 Ozt. Platinum (Scrap/ bought) = Thl 6.64 (~USD$ 10.27)

1864: 1 Ozt. Palladium (pure) = Fr 186.60 (~USD$ 93.66)

1864: 1 Ozt. Iridium (pure) = Fr 124.40 (~USD$ 62.44)

1864: 1 Ozt. Rhodium (pure) = Fr 279.90 (~USD$ 140.5)

1864: 1 Ozt. Ruthenium (pure) = Fr 373.20 (~USD$ 187.32)

Citation: Journal für praktische Chemie, Vol. 91-92; Otto Linné Erdmann, Chemische Gesellschaft in der Deutschen Demokratischen Republik (1864) p. 256

Assuming a commercial weight Bavarian Loth weighing 0.5627 Ozt, 

1864: 1 Ozt. Platinum (Mfg.) ~ Fl. 17.77 (~USD$ )





1863: 1 Ozt. Platinum (refined, mkt) = Thl 9.33 (~ USD$ 10.64)

c.1863

Specific Gravity of PGMs

Iridium (Ir): Specific Gravity = 22.65
Osmium (Ir): Specific Gravity = 22.6
Platinum (Pt): Specific Gravity = 21.45
Gold (Au): Specific Gravity = 19.32
Ruthenium (Ru): Specific Gravity = 16.7
Rhodium (Rh): Specific Gravity = 12.44
Palladium (Pd): Specific Gravity = 12.0



Iridium Coin: Ir450/Pt550 = 22.0  (Tin White)
Platinum Coin: Pt 850/Pd150 = 20.0
Ruthenium Coin: Ru750/Pd200/Ir50 = 16.0

Rhodium Coin Rh500/Pd250/Au250 = 14.
Palladium Coin: Pd950/Ru50 = 12.0

 

circa 1819: 

USA, 1900: PGM Prices, Cited by Colorado Assayist

1/4/1900:

1900: 1 Troy Ounce platina (SF: Ore, Spot) = USD$ 14.00

Citation: Mining and Scientific Press, Vol. 79-80 1/6/1900 p.17


1900: 1 Ozt. Platinum (NYC: Imported Ore, Spot) = USD$ 17.75
December 1900: 1 Ozt. Platinum (NYC: Imported Ore, Spot) = USD$ 18.20
 
Citation: Engineering and Mining Journal, p.826, Vol. 71 (6/29/1901)


The sudden rise of Platinum must have alarmed many dentists and suppliers, but the spread between wholesale product was significant. On 1900, Platinum was about 36% more expensive than Gold and 3,058% more expensive than Silver.

1900: 1 Ozt. Platinum (NYC: Imported Ingot, Mkt Avg.) = USD$ 18.09

Citation: Engineering and Mining Journal, Vol. 112, #12 ; American Institute of Mining Engineers (1921), p.478


1900: 1 Ozt. platina (NYC: Imported Ore, Spot) = USD$ 18.35

1900: 1 Ozt. Platinum (NYC: Refined, Avg.) = USD$ 21.77

1900: 1 Ozt. Platinum (Trade: Mfg.) = USD$ 23.15

1900: 1 Ozt. Platinum (Trade: Bid, Scrap) = USD$ 15.
1900: 1 Ozt. Platinum (Trade: Dental, Mfg.) ~ USD$ 22.
1900: 1 Ozt. Platinum (Trade: Dental, Mfg.) ~ USD$ 30.

??: 1 Ozt. Platinum (SF, Trade: Semi-Mfg.) = USD$ 14.00
 April? 1900: 1 Ozt. Platinum (SF, Trade: Semi-Mfg.) = USD$ 24.88

c. April, 1900:

Citation: In Yellowest Jaunia and the Way Out: Or, "Sound Money" Versus Self Money; Alfred Emerson (1901) p.20

Citation: The Dental Cosmos, Edward C. Kirk, 1900, p.5

In 2010, Platinum (POP avg $ 1,609.) was +31% more than Gold (POG avg $ 1,225.) and +7,945% more than Silver (POP avg $ 20.)

As a reference, Scientific American reprinted data in 1903, apparently from the same news source, with other metals and including some German prices in USD$ (below.)

1900: 1 Ozt. Platinum (NYC: Imported Ingot, Spot) = USD$ 18.50
1900: 1 Ozt. Platinum (NYC: Imported Mfg, Whols.) = USD$ 22.39

1900: 1 Ozt. Palladium (Semi-Mfg, mkt) = USD$ 46.65

1900: 1 Ozt. Iridium (Ore) = USD$ 15.55

1900: 1 Ozt. Iridium (Refined) = USD$ 33.28

1900: 1 Ozt. Osmium (Refined, Mkt) = USD$ 62.20

1900: 1 Ozt. Rhodium (Refined, Mkt) = USD$ 101.08

1900: 1 Ozt. Ruthenium (Refined, Mkt) = USD$49.76

Citation: Analysis, detection and commercial value of the rare metals: A treatise ... Julius Ohly (1903) pp.58, 80








 

December 1900: 
December 1900: 1 Ozt. Platinum (NYC Mkt: Ingot, .999) = USD$ 18.20-18.50
December 1900: 1 Ozt. Platinum (NYC Retail Ware) = USD$ 22.395
Citation: Engineering and Mining Journal, p.21 (Vol. 71 (1/5/1901)


In San Francisco, the refined Platinum price had nearly doubled in 1900.

1898/9: 1 Ozt. Platinum (semi-mfg, SF mkt) = USD$ 14.
Early 1900: 1 Ozt. Platinum (CA: semi-mfg, trade) = USD$ 24.88

Citation: In yellowest jaunia and the way out: or, "Sound money" versus self money ;  Alfred Emerson p.21 
 


Citation: Scientific American reference book (1903) pp.447-8

1900-1:

1900:

1900: 1 Troy Oz. platina (US ore, NYC Spot: intrinsic?) = USD$ 18.00

Citation: The Mineral Industry, Vol. 9 p.5

Edison's Lamp Filament 3.47 Grains Troy

USA, 1905: Catalogue (Denver Fire & Clay)

Cited as 'recent' but not absolute Platinum High.

1905: 1 Troy Ounce platina (NYC: Ore, 80%) = USD$ 14.40 - 15.20
1905: 1 Troy Oz. Pt (Ore @ .999) = USD$ 18. - 19.

1905: 1 Troy Oz. Platinum (semi-refined, whols.) = USD$ 20.
1905: 1 Troy Oz. Platinum (refined, retail) = USD$ 20.25 - 20.50
1905: 1 Troy Oz. Platinum (manufactured, retail) = USD$ 24.50

Citation: Mineral resources of the United States (1905) p.360


September, 1905: 1 Troy Oz. Platinum (Mkt) = $ 20.50
September, 1905: 1 Troy Oz. Platinum (Semi-mfg, Whols.) = $23.

1905: 1 Troy Oz. Ruthenium = $ 155.50

1905: 1 Troy Oz. Palladium = $ 46.65

1905: 1 Troy Oz. Iridium = $ 77.75

1905: 1 Troy Oz. Silver (market) = $ 0.6221
1905: 1 Troy Oz. Silver (refined, semi-mfg) = $ 1.00

1905: 1 Troy Oz. Gold (Mkt) = $ 20.67
1905: 1 Troy Oz. Gold (Chemically Refined) = $54.43

July, 1905:


Late August 1905 news:


Citation: Illustrated and priced catalogue of assayers' and chemists' supplies By Denver Fire Clay Company (1905)

General Summary, 1905-7:

1905: 1 Troy Ounce Palladium = USD$ 30. - 35.

1908: 1 Troy Ounce Palladium = USD$ 40.

1902-04: 1 Troy Ounce Palladium (ore) = CDN$ 21.40

1902 - 04:

Citation: Annual report on the mineral production of Canada; Dominion Bureau of Statistics, Geological Survey of Canada p.149

1905:

Citation: Platers' guide: with which is combined brass world, Vol. 1 (1905)p.414

1908:

Citation: Business aid, Vol. 2 (1909) p.189

1901-14: Spot Prices for Russian platina, in Russia

1905: 1 Troy Ounce platina (Russian ore, Spot) = USD$ 17.03

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

UK, 1877: PGMs in Griffin's Catalogue

1877:

Griffin's 1877 Catalogue shows an older, erroneous Platinum Price. Assuming the same 5s. per Ozt charge on manufacture of simple Platinumware, the correct Platinum Price may be ascertained.

1877: 1 Ozt. Platinum (Semi-Mfg, Error: Old Price!) = £ 1.65 (USD$ 8.51)
1877: 1 Ozt. Platinum (Unmfg) = £ 2.35 (USD$ 12.12)
1877: 1 Ozt. Platinum (Mfg: Spatula) = £ 2.60 (USD$ 13.67)

Citation: Chemical handicraft: A classified and descriptive catalogue of chemical ... John Joseph Griffin (1877), p.460

1877: 1 Ozt. Platinum (UK Mfg, Crucibles) = £ 2.65 (USD$ 13.67)

Labor for UK Platinumware, charged retail in 1877, was probably 5s 6d./Ozt.


1877: *(Gold $ 8.03; Merchant Bill $ 8.08; Value: *USD$ 8.5517)

Citation: Chemical Handicraft: A Classified and Descriptive Catalogue &c.; John Joseph Griffin(1877) 



Citation: Chemical Handicraft: A Classified and Descriptive Catalogue &c.; John Joseph Griffin(1877)






Assuming a 5s. 6d. per manufacture charge on basic Platinumware, the correct Platinum Price may be correctly ascertained. Platinumware prices were not updated accurately.

Crucible w/cover:

Where a Crucible 1/2 Imperial Fluid Oz. (14.2065 cc) weighed 0.5833 Ozt (18.1437 g.), ∴
1877: 1 Ozt. Platinum (UK Mfg, Crucible: 15cc Rate) = £ 2.57 (*USD$ 13.33)

Presume a Crucible 1 Imperial Fluid Oz. (28.4131 cc) weighed 1.109 Ozt (34.4922 g.), ∴
30 cc Crucible =  35.51 g./ 1.1416 Ozt. = £ 2.8766
1877: 1 Ozt. Platinum (UK Mfg, Crucible: 30cc Rate) = £ 2.51  (*USD$ 13.02)

1877: 1 Ozt. Platinum (UK Mfg, Crucible: 30cc Rate) = £ 2.50  (*USD$ 13.00)

Capsule:
Where a Capsule 1 Imperial Fluid Oz. (28.4131 cc) weighed 0.75 Ozt (23.3276 g.), ∴
30 cc Crucible =  24.63 g./ 0.792 Ozt (30cc Crucible =£1.95; 30cc Rate/Ozt : £ 2.51)

1877: 1 Ozt. Platinum (UK Mfg, Capsules; Catalogue) = £ 2.65 (USD$ 13.67)



The German Mark was conveniently assumed to be equal to 1 English Shilling, therefore:

1877: 1 Kilogram platina (Russia: 74.8% ore) ~ £ 10.50 (95.71 / 84. - 112. руб)

1877: 1 Troy Ounce platina (Ru: Contract 74.8% ore) ~ £ 0.3266 (USD$ 1.659)
1877: 1 Ozt. Pt (Ru: Intrinsic) ~ £ 0.4366 (USD$ 2.218)
 

In 1867-77, the firm of Johnson Matthey & Co. paid ℳ 210/kg. for the unprocessed ore, and after 1877, ℳ 315/kg.  In 1895/6,  ℳ958/kg.


Rhodium, Osmium, Ruthenium & Iridium were not listed in the 1866 edition. Palladium was out of stock. Silver, Platinum and Platinized Silver were listed at identical prices in both 1866 & 1877 catalogues.

1877: 1 Ozt. Ruthenium = £ 18.00 (USD$ 91.44)

1877: 1 Ozt.  Rhodium = £ 6.40 (USD$ 32.51)

1877: 1 Ozt. Iridium = £ 3.20 (USD$ 16.26)

1877: 1 Ozt. Osmium= £ 8.00 (USD$ 40.64)

1877: 1 Ozt. Palladium = £ 6.40 (USD$ 32.51)
1877: 1 Ozt. Platinum = £ 1.65 (USD$ 8.38)


1877: 1 Ozt. Pure Silver = £ 0.50 (USD$ 2.54)
1877: 1 Ozt. Platinized Silver = £ 0.60 (USD$ 3.05)
1877: 1 Ozt. Pure Gold= £ 4.80 (USD$ 24.38)