November 27, 2018

Colombia, 1832

A Colombian argued against the current and long-standing 'state monopoly asset price' for something closer to the local black market Bulk Spot-Price. (We can infer the largest platina producers were foward-selling at this rate.) 

The actual Black Market Export Price is unstated here, but probably 50-100% over the set rate.

1 Libra = 460.020416 Grams = 14.79 Ozt = 1.01417145 Lbs avd.

Sept, 1832: 1 Troy Ounce platina (@ Choco, Specific Gravity 22)  = C$ 0.5409

"Mi parecer es, que se deje libre la esportacion de la platina á los mismos mineros:que se ponga el precio de ocho pesos á cada libra: que se prohiba á los particulares la sompra de ella, i se verà abundar este metal, porque entónces los mineros tendrán utilidad en lavarla i escejarla, como hacen con el oro."

"My opinion is let the export of the platina by the same miners  be free; that the price  be fixed per Libra at eight pesos; that private business in its trade be forbidden to individuals, and this metal will be abundant, because then the miners will have utility in washing it and cleaning it, as they do with gold. "

Citation: Gaceta Oficial de Nueva Grenada, Supplement, No.51, 9/20/1832, p1




November 26, 2018

Colombia, 1846



An October 1846 storm hit Havana, sank a Liverpool vessel with 1,372 ounces of platina.

8/31/1846: Where 79.2 Libras (= 1,169 Ozt.) x ~C$59.66/Libra = C$ 4,725, so

8/31/1846: 1 Ozt. Pt (Tariff Export Price: Colombian ore, .999) = C$ 4.04

Citation: Gaceta oficial, (10/25/1846) Issue 828 Trm. 62: p.4

April 5, 2018

France, 1919

The actual 'value' of Platinum should be either 'Market, Unmfg.' or 'Scrap, Retail Bid'; this 1878 estimate was correct.

The New York exchange rate (Sight) at the end of January 1919 was USD $1. = Fr. 5.4625 

It appears the Paris Market for Platinum was 30.65% higher than the US Gov't price for ingot. That is consistent with a recent numismatic premium for US Gold coin in NYC.

September 1878: 1  Ozt. Platinum (Paris: Mkt) = Fr 37.32  (USD$ 7.23)
 
1878: 1 Troy Oz. Gold = Fr.106.90   (USD$ )
1878: 1 Ozt. Platinum = Fr. 35.60  (USD$ )

1/20/1919: 1  Ozt. Platinum = Fr. 641.40 - 748.30 (USD$ 117.42 - 137.)
January 1919: 1 Ozt. Platinum (Ingot @ US Govt) = USD$ 104.85

Citation: L'intermédiaire des chercheurs et curieux. (Jan.20-30,1919) No. LXXIX, No.1494, p.69
"Monnaies de platine (LXXVII; LXXVIII). - En 1877 a Cherchel et l'année suivante à Orléansville il y avait en circulation des pièces de 20 frs. en platine doré a l'effigie de Napoléon III. Les premières portaient la marque de Paris (1860); les secondes étaient au coin de l'Hôtel des monnaies de Strasbourg (1866). Le journal de pharmacie et de chimie d'avril 1878 a publié une note à ce sujet. La valeur du platine n'était alors que le tiers de celle du l'or. Elle est, aujourd'hui, 6 ou 7 fois plus élevée.      B. A." 

In Dec. 1918 in NYC, the numismatic premium for recent US Gold coin was 30%:





July 30, 2017

July 20, 2017

Netherlands: c.1850




Specific Gravity, Noble Metals

March 5, 2017

Germany, 1878


1877: 1 Troy Oz. Platinum (London: Semi-Mfg, Trade) = £ 1.65 (
34.05)

12/1878: 1 Troy Oz. Platinum (London: Semi-Mfg, Retail) = £ 1.75 (35.70)
1878: 1 Troy Oz. Platinum (Semi-Mfg)  = Fr 34.21  ( 27.37)
 

1878: 1 Troy Oz. Platinum (Trade Retail: Semi-Mfg.) = 27.99 ($ 6.66)  
1878: 1 Troy Oz. Platinum (Trade Retail: Semi-Mfg.) = Thlr. 9.33

1878: 1 Ozt. Platinum (Bid: Discount/Scrap) = 15.55 ($ 3.70
1878: 1 Ozt. Platinum (Bid: Disc/Scrap) = Thlr. 5.18


"Platinum Foil and Wire, First Quality, 0.90 per Gramm, advises H. C. Göttig, Pforzheim. For old platinum, Allow 50 Pf. per Gramm.
 
Pforzheim, Baden-Württemberg, c.March 1878: 


Citation: Deutsche Vierteljahrsschrift für Zahnheilkunde, Vol. 18 (1878), p.472


Apparently,
for the Battery for Stöhrer's Inductionsapparate, the Chemitz Retail Unit Price was 10. / ℳ 20. higher than Berlin, ~6.5% to 16.65% higher.
 
Stöhrer's Inductionsapparate ... 75. ... 115. ... ℳ 140. (=Thlr. 25. ... Thlr. 38.33 ... Thlr. 46.66



 

Stöhrer's Inductionsapparate (Berlin Price, 1872)





1878: 1 Ozt. Platinum (German Mfg.,Trade Bulk; Boiler) = 31.10
1878: 1 Ozt. Platinum (London Mfg.,Trade Bulk; Boiler) = 31.10
1878: 1 Ozt. Platinum (French Mfg.,Trade Bulk; Boiler) = 29.16

The boiler had previously used at a weight of

70-80 kg, Production of 7,500 kg, Cost 75,000 Mark,
59-62 kg, Production of 6,000 kg, Cost 60,000 Mark,
38-40 kg, Production of 3,000 kg, Cost 38,000 Mark,
27-30 kg, Production of 2,000 kg, Cost 27 000 Mark,
19 -20 kg Production of 1,000 kg, Cost 19,000 Mark,
 

On the other hand, Paris can provide a 32 kg apparatus without cooler, Production 6,000 kg, Cost 30,000 Mark, and London offers a 16 kg apparatus without cooler, Production 5,000 kg, Cost 16,000 Mark.

Citation: Chemie-Arbeit in Werk und Labor, Vol. 1 4/1878 p.144





December 14, 2016

Austria, 1838

DSQ
Advertised at Gold Coin Rates; adjust to Paper Rates as necessary. 

1833: 1 Troy Oz. Platinum (London Mfg, Ret.) = Fl. 14.37  (£ 1.50
1836: 1 Ozt. Platinum (London: Fine Wire Ret.) = Fl. 16.68 (£ 1.75
c.1839: 1 Ozt. Platinum (Paris Mfg, Bulk) = Fl. 11.20 (Fr 30.48
1838:  1 Ozt. Platinum (USA: Semi-Mfg, Imp.) =  Fl. 20.785 (USD$ 10.)

1837:  1 Ozt. Platinum (SPb: Coined, Silver Rate) = Thlr. 6.91 (~$ 6.72) 
1838:  1 Ozt. Platinum (SPb: Coined, Silver Rate) = Fl. 13.82 ($7.02)

1833: 1 Ozt. Pt (SPb: Coined, Silver Rate) ~ Fl. 10.60 


1836/7: 1 Ozt. Platinum (Germany: Intrinsic, Retail) =  (Thlr. 11.70) 

Identical prices for some Platinum-Ware (See 'Evaporating-Basin') in the 1832 Batka Catalogue suggest stable retail prices.   Platinum-ware was ~6x more expensive than Silver-ware.

Taking the Unze (2x Loth @16.07719 Gr. =) @32.1544 Grams; (106.) Sheet and Wire,

1838: 1 Ozt. Platinum (Prag: Semi-Mfg) = Fl. 14.51 (£ 1.5158)
($ 7.07-7.29; Avg. $7.17; 7.00)  

Abfälle zum Auflösen 11 fl. die Unze (Scrap Sold for Fl. 11./Unze)

1837: 1 Ozt. Platinum (Scrap: Sold) = Fl. 10.64 (5.47/ $5.34) (£ 1.1115)
1838: 1 Ozt. Platinum (Scrap: Sold) = Fl. 10.64 ($5.1926; £ 1.1115)
($ 5.18-5.35; 5.26/ $5.13

(1069.) Crucibles, of every type and mode, Fl. .50/Gram
1838: 1 Ozt. Platinum (Mfg : Crucible, Ret.) = Fl. 15.5517 ($7.589; £ 1.6246
(USD$ 7.39-7.63; 7.69/ $7.50

Citation: Annalen der Pharmacie, Vol. 27 (1838), pp.