August 27, 2013

UK, 1839

1840: 1 Troy Ounce Platinum (Semi-Mfg, Ret.) = £ 1.50 

c.1839/40:

Citation: A Manual of Chemistry: Containing the Principal Facts of the Science; John White Webster (1840)


 



William Sturgeon's Fifth Memoir was composed in 1839, so his prices must date from that year. As a Grove's Battery of 10 Elements cost £ 7.0, a single Grove's Element cost £ 0.70 w/ 1 o.5"x 4" = 2" Sq. Foil. Where 50 pairs Platinum Plates 4"(o.5"x 4" = 2" Sq., double-sided = 4" Sq.) = 100 Sq. In.; 1 Grove's Battery (10 Pair) = 20 Sq. In.; 1 Element created .5 Cu. In. gas per minute.
 
Citation: The Annals of Electricity Magnetism and Chemistry and Guardian..., Vol 5, No. 26 August 1840






c. 1839: where a Platinized Silver plate (32 sq. in. surface) sold for £ 0.30;  = 206.4 cm2, 3.808 mg. would be necessary to platinize this area/amount of Silver.

Citation: Lectures on Electricity: Comprising Galvanism, Magnetism, Electro-magnetism ...Henry Minchin Noad (1844)



1837: Platina Plate, presumably. A Britannia-Metal Tea Pot sold for £ 0.075








Hammered Platinum should have a Specific Gravity ~22.07





USA, 1833

Dr.? Erastus F. Cooke of Wethersfield, CT (close to Hartford) reported European Platinum Still prices from the Spring of 1833.

The Kepp platinum still held 136.383 liters; where boiler and syphon was £ 598.50 was taken at the USD was taken at a Silver Rate of 45.77 (USD$ 3,138.) ; at the Paper rate 54 pence, $2,660. This assumes Troy weight (495 ozt) but excludes any additional tariff, shipping & handling cost to New York.  Importation duty of boiler plates in 1833 apparently added 25%, plus any additional local delivery charges to the buyer. Unknown freight, insurance, etc: +5%?  Estimated NYC trade profit on a British still at the Paper rate, and competitive with reported French price plus duty = ~$247.50 or ~9.3% UK Price.

1833: 1 Troy Ounce Platinum (UK Mfg) = £ 1.20909 (USD$ 6.34; $5.37)  
1833: 1 Troy Ounce Platinum (NYC: Mfg +30% Cost) ~ £ 1.572 (USD$ 7.)  
1833: 1 Troy Oz. Platinum (imported Paris mfg @ NYC)  = USD$ 6.00  
1833: 1 Troy Oz. Platinum (NYC: Paris mfg still, w/duty)  = USD$ 7.50

  May, 1833:

 
Citation: The American journal of science, Vol. 26 No.1 (1834) p.211

 

Mail from London to NYC was 40-45 days, to Wethersfield CT ~48-50 days

  



F. & N.G. Carnes, of New York & Paris, established in 1820.

Francis G. Carnes of Paris. Nathaniel G. Carnes of NYC?
  

Germany, 1831

1831: 1 Troy Ounce Platinum-Black (trade) = Thr 6.38 (Fl. 9.29, M 12.92)
(£ 0.9323;  ~Fr 23.34 ; ~ руб Acc. 21.13 ; ~USD$ 4.43)

1 (Saxon?) Thaler assumed to be £ 0.1462, Fr 3.66, USD$ 0.6941 

Citation: Journal für technische und ökonomische Chemie, Vol. 10; Otto Linné Erdmann (1831) p.144  

Eine Quantität Osmium-Iridium (Rückstand von der Zerlegung des Platinerzes durch Salpetersalzsäure) von 8-10 Unzen steht zu verkaufen. Die Unze kostet 6 Thlr. Chemiker, welche davon zu besitzen wünschen, können ihre Bestellung portofrei an den Herausgeber dieses Journals gelangen lassen. 

A quantity of of 8 -10 Unzen Osmium-Iridium (residue from the reduction of platinum ore by  nitro-hydrochloric acid) is for sale. The Unze costs 6 Thaler.  Chemists who desire to purchase may order  postage free from the editor of this journal.



 
1831:

Austria, 1871

In 1871, Russian platina from Tagilsk was indicated as 75% Pt, 1.1% Pd, 3.5% Rh, 2.6% Ir, Os-Ir 0.6%, 2.3% Os, 0.4% Au (15% other) with 9.4% of the PGMs held by the refiner as cost.  Where the Zollpfund is 500 g., 1 kg Russian Pt (at purity) cost Fl 302.90 in Europe. 

1871: 1 Troy Ounce platina = Fl 7.066  (Fl. 6.90, Fr. 15.10, £ 0.566 ~ USD 3.09)
1871: 1 Troy Oz. Pt = Fl 9.42  (Fl. 9.20, Fr. 20.14, £ 0.755 ~ USD 4.12)

1871:  1 Troy Oz. Platinum (scrap, bought) ~ Fr  18.86 (USD$ 3.86)
1871: 1 Troy Oz. Platinum (Paris mfg, bulk) = Fr 23.33 (USD$ 4.77) 
  

1871: 1 Troy Oz. platina (London, bulk) ~ £ 0.925 (USD$ 5.05)
1871: 1 Troy Oz. Platinum (UK: semi-mfg, retail-trade) ~ £ 1.65 (USD$ 9.00)

1871:  1 Troy Oz. Platinum (USA: imported, mfg, trade) = $ 5.50/ USD$ 6.13
July 1871: 1 Troy Ounce Platinum (USA: semi-mfg, retail-trade) = $ 8.61/ USD$ 9.60 

 

Das rohe Platin wird von den Privaten meist nach England und Frankreich verkauft, wobei man pro Zollpfund reines Platin 151 fl. 45 kr. österr. W. zahlt; die anderen Metalle werden nicht vergütet. Die 1828 begonnene Prägung von Platinmünzen ist 1845 in Folge des bedeutend zurückgegangenen Handelswerthes des Platins eingestellt. Zur Hebung der Platinproduction hat die Regierung Erleichterungen im Raffiniren, in der Besteuerung und im Verkauf des Platins gewährt. 

The crude platinum is sold by the private sector, mostly to England and France, paid at the rate of 151.45 Florins Austrian W. per Zollpfund of pure platinum; the other metals will not be reimbursed. The coining of platinum began in 1828 and ended in 1845, as a result of significantly lower trading valency of platinum.  A rising standard of platinum production, the government has granted concessions in the refining, taxation and sale of platinum. 

Citation: Dingler's Polytechnisches Journal, Vo. 203, (1872) p.153




August 26, 2013

Germany, 1847

Directory of chemical apparatus, reagents, minerals, Eduard Greßler of Erfurt, Johannsstraße Nro. 1167.

At 30 Groschen per Thaler, minimum 3 gl (Thlr. 0.10) of presumably 5 Gran-weight, and where 1 Preuss.Loth = 14.616 g or ~0.47 Troy Ounce:

c.1846/7: 1 Troy Oz. Platinum (Wire: Semi-Mfg, Retail) = Thlr. 9.60 / Fl 16.62
c.1846/7: 1 Ozt. Platinum (Wire: Fine, Ret.) = Thlr. 12.80 / Fl 22.40

c.1846/7: 1 Ozt. Gold (Wire: Fine, Ret.) = Thlr. 32. / Fl 56. ?

1847: 1 Ozt. Platinum (SPb mkt: Wire) = Thlr. 8.68 / Fl. 15.191

1847: 1 Ozt. Platinum (Paris: Semi-Mfg, Ret.) = Thlr. 10.043 
1847: 1 Ozt. Platinum (UK: Semi-mfg, Ret.)  = Thlr. 10.385
1847: 1 Ozt. Platinum (NYC: Semi-mfg, Ret.)  = Thlr. 15.67 
1849: 1 Ozt. Platinum (Ask: Scrap) = Thlr 9.05 ; Fl. 13.57  
 
1846/7: Gressler's Catalogue, dated?

Preliminary note: The prices that I give are taken from the following books, which anyone who wants more information can easily buy himself:

Directory chemical equipment, reagents, minerals, Eduard Greßler of Erfurt, Johannisstraße No. 1167.

Directory of Mining Academy's Mineral Dealership of Freiberg. - It is intended for the administration thereof. Drug-tax for the Duchy of Gotha.

Gr. means Greßler; Fr.  Mineral Dealership of Freiberg; Ap. Pharmacy.

Citation: Die Löthrohrschule, Harald Othmar Lenz (1848)







Dubious, dated price?
c.1847: 1 Troy Ounce platina (Ore: 85.9% Pt)= Fl 9.9815 (Thlr. 5.70; ℳ 11.27,
c.1847: 1 Ozt. Pt (at purity) = Fl 11.62 (Thlr. 6.64; ℳ 13.12)

Enhanced treatment for processed platinum is so difficult the refined price is double raw platina. But it costs a pound of raw platinum approximately Fl. 180 and the values ​​of silver, platinum and gold behave almost as 1: 3: 5 Besides the chemical-ware, jars, bowls, retorts and distillery apparatus for sulfuric acid plants...

Citation: Skizzen aus dem Steinreiche: geschrieben für die gebildete Gesellschaft, Franz von Kobell (1850)




 

August 25, 2013

UK, 1898: Numismatic value of Early 19th C. Russian Coin & Medal

DSQ

1898: 1 Troy Oz. Platinum (NYC: Ingot, Mkt Avg.) = £ 2.64 (USD$ 12.79)


August 1898: 1 Troy Oz. Platinum (Mkt) = £ 2.50 - 2.80
September 1898: 1 Troy Oz. Platinum (Mkt) = £ 2.80

Citation: The Electrical Review, Vol. 43 pp.



































c.1897/8: 1 Troy Ounce Platinum (Scrap) = £ 1.99 

Citation: The Electrical Journal, Vol. 41 6/3/1898 p.189


1898: 1 Ozt. Platinum (Ingot, Mkt) = £ 3.675
 
Citation: Engineering and Mining Journal, Vol. 83 6/1/1907 p.1040





c. February 1898: Platinum Price Range?


April, 1898: Platinum Still



Where the estimated value of Platinum was half the Price of Dental Gold,


Where the February 1898 estimated value of a 3-Platinum coin (10.35 Grams, .975 Pure Pt) was £ 1.1250

February 1898: 1 Troy Oz. Platinum (Coin, Numismatic) = £ 3.38



1898: 1 Troy Oz. Platinum (Mkt: Intrinsic) = £ 3.0 (USD$ 14.56) 

circa December 31, 1898:




1898: 1 Troy Oz. Platinum (Mkt: Intrinsic) = £ 3.68 (USD$ 17.84) 


 

Factoring London refining cost (£ 0.0625):

1898: 1 Troy Oz. platina (Australia: Ore, 76.9% Pt) = £ 1.6496 (USD$ 8.00)
1898: 1 Ozt. Pt (Australia: NSW Ore, .999 Pt) = £ 2.145 (USD$ 10.40) 
1898: 1 Ozt. Platinum (Australia: NSW Ore, .999 Pt) = £ 2.21 (USD$ 10.70)

Citation: The Wealth and Progress of New South Wales, 1898-9;Sir Timothy Augustine Coghlan  p.389



Dental Platinum Pin weight:  ~0.02274 g. = ~0.351 grain troy