UK, 1896: Numismatic Prices for Pt Roubles

c.1896: 1 Troy Oz. Pt (London Mkt) = £ 1.75 - 2.25 (USD$ 8.56 - 11.)

Citation: Western druggist, Vol. 18 (1896) p.413


1896: 1 Ozt. Platinum (UK: Semi-Mfg) = £ 2.25 (USD$ 10.96)



Where a 3-Platinum coin weighed 10.35 Grams, .975 Pure Pt, the following 'Ask' prices likely exceed numismatic market prices. Avg Numismatic Ask: £ 4.75/Ozt;

3/1896: 1 Ozt. Pt Coin (Numismatic: 12-руб, Au-50) = £ 5.78 (USD$ 28.15)
3/1896: 1 Ozt. Pt Coin (Numismatic: 6-руб, Au-50) = £ 3.85 (USD$ 18.77)
3/1896: 1 Ozt. Pt Coin (Numismatic: 3-руб, MS-70) = £ 4.62 (USD$ 22.50)
  
March 1896:
Citation: The Numismatic Circular, Volumes 2-4 Apr. 1896 p.1654


10/1896: 1 Ozt. Pt Coin (Numismatic: 12-руб, Au-50) = £ 5.0 (USD$ 24.36)
10/1896: 1 Ozt. Pt Coin (Numismatic: 6-руб, Au-50) = £ 3.85 (USD$ 18.77)
10/1896: 1 Ozt. Pt Coin (Numismatic: 3-руб, MS-70) = £ 4.62 (USD$ 22.50)
10/1896: 1 Ozt. Pt Coin (Numismatic: 3-руб, MS-60) = £ 3.47 (USD$ 16.90)

October 1896:
Citation: The Numismatic Circular, Volumes 2-4 Nov. 1896 p.1970



Australia:




Assuming 76.90% Pt ore, w/ 5% Shipping and £ 0.0625 Refining Cost @ London:

1896: 1 Ozt. platina (UK: NSW.769) = £ 1.427
1896: 1 Ozt. platina (UK: NSW.769, net S/H) ~ £ 1.355
1896: 1 Ozt. Pt (UK: NSW.999) = £ 1.763
1896: 1 Ozt. Platinum (UK: NSW.999, net S/H, refined) = £ 1.825

1896: 1 Ozt. Platinum (Producer Cost: NSW Ore, Ref.) ~ £ 1.92


 

Platinum Wire, Weight By Inch

1898, Platinum Wire: Diameter .0127 In, 0.6076 g./Foot


1896, Platinum Wire:


June, 1909:

USA, 1827

1826/7:  US textbooks did not mention the Russian platina discovery of 1824

In the USA, Platinum was no longer scarce by late 1827.  Also, news from Cartagena reached New York in five weeks.

In October 1827,  a The Christian Advocate of Philadelphia reported news of large masses of Ural platina.  This accurately presupposes the falling price of the (formerly) rare commodity; implicit to "the first instance" comment is that Platinum was still sold at a high price in New York in late 1827.

Citation: The Christian Advocate, Vol. 5  (Oct. 1827) ; Ashbel Green

The Boston Medical Intelligencer (November, 1827) advertised "platina in wire & grains" from Samuel N. Brewer & Brothers, Druggists & Chemists at 90-92 Washington Street, Boston.

Gold premium, 1827:

New York to Liverpool: 25 days, +3 days to London
Liverpool to New York: 45 days, +3 days from London

USA, 1817

In 1817, but not in 1818, Dr. Wollaston was able to acquire bulk platina (>100 lbs) from Vaughan in Philadelphia; his own Bid (London Scrap Rate) appears unchanged.


1817: 1 Troy Ounce platina (USA: PA, Bulk) = USD$ 0.41143 (£ 0.0911) 
1817: 1  Ozt. Pt (USA: PA, Bulk) = USD$ 0.5486 (£ 0.1215) 
1817: 1  Ozt. Pt (USA: PA, Labor) = USD$ 0.48 (£ 0.1063)
1817: 1 Ozt. Platinum (USA: 1st Cost, Phila., Bulk) = USD$ 1.03 (£ 0.2278) 
   
As an entrepreneur, Bollman retailed manufactured Platinum for $60/lb. avd, a 300% markup (4x) on the First Base Cost; hypothetically, the manufacture of stamped Pt planchets without 'retail profit' might only be ~200% markup.  

1817: 1 Ozt. Platinum (USA: Semi-Mfg, Wholesale) = USD$ 3.09 (£ 0.6835) 

Dr. Robert Hare purchased imported Platinum wire c.1817.  It is unclear if this was by catalogue or a Philadelphia vendor:

c.1818:
Mock Gold: Thomas Cooper, of University of Pennsylvania

Citation: A system of chemistry: in four volumes, Vol. 2 (1818) Thomas Thomson, Thomas Cooper
 


Indicating standard forex of $ 4.4444/ £ 1., one 'Book of Leaf Gold' cost the trade $ 0.45, after the 15% tariff.


1817: 1 Packet/20 Books Gold Leaf (Trade) = $ 9.
1817: 1 Packet/20 Books Gold Leaf (European Import) = $ 7.65

Assuming 6 English Troy Grains per Sheet/Book:

1817: 1 Ozt Gold Leaf (Trade) = $ 36.
1817: 1 Ozt Gold Leaf (European Import) = $ 30.60
 


1 Gold-Leaf = 0.192 Grains of 10.89 Sq. In; 1 Book of Leaf-Gold = 4.8 Grains (4.725 Fine Au)

1 Gold-Leaf would cover just over 3 8-Escudos; assuming 1/3rd wastage however, it would take 140-145 Leaves per coin to add 6.84 Grains in mass to a 8-Escudo Pt Counterfeit, ~ 6 Books per Pt Counterfeit: (NYC) Trade Cost = $ 2.70, without factoring any other materials or labor.

1817: 1 Ozt. Platinum (USA: Semi-Mfg, Wholesale) = USD$ 3.09 (£ 0.6835) 
1817: 1 Ozt. Gilded Platinum (USA: Est. Material Cost) = USD$ 5.79 (£ 1.28) 
    




1817 Exchange: the 8-Escudo's value given at $15.506

USA, 1888: Queen's Catalogue (Philadelphia)

1888: 1 Troy Ounce Platinum (Phila. Mkt: Semi-Mfg, Wire) = USD$ 7.65

1888: 1 Troy Oz. Platinum (USA: Semi-mfg, Retail) = USD$ 9. 

What is the price of platinum, such as used in wire, etc. is it used as coin in some countries?  A. $9.00 an ounce. It has been used in Russia for coinage.
 
Citation: Scientific American, Vol.59 No. 16 10/20/1888 p.251



The 18th Edition (n.d.) of Bullock & Crenshaw's Catalogue of Chemical, Physical, and Pharmaceutical Apparatus (c. 1888) lists Platinumware (pp. 120-2) from Joaquim Bishop & Co. at a standard rate $14.40/oz troy. Foil & wire was $12.

1888: 1 Troy Oz. Platinum (Semi-Mfg, Whols.) = USD$ 12.
1888: 1 Troy Oz. Platinum (Mfg, Whols.) = USD$ 14.40

Elsewhere, recorded prices are slightly higher.

1888: 1 Troy Oz. Platinum (Semi-Mfg, Whols.) = USD$ 10.89
1888: 1 Troy Oz. Platinum (Mfg, Whols.) = USD$ 12.44 - 23.33

1888: 1 Troy Oz. Platinum (Mfg, Whols.) = USD$ 13.66 - 15.55

1888: 1 Troy Ounce Platinum (Scrap, Bid) ~USD$ 4.25

1888: 1 Troy Ounce platina (Ore) = USD$ 6.80


Queen's 1888 Catalogue listed a great variety of Platinumware at $12.44-13.06/oz troy "approximate only." Higher priced gauze $15.55 - 23.33/oz.

1888: 1 Troy Oz. Platinum (Wire, Ret.) = USD$ 8.48 - 11.41
1888: 1 Troy Oz. Platinumware (Mfg, Ret.) = USD$ 13.06
1888: 1 Troy Oz. Platinum (Mfg, Ret.) = USD$ 15.55

The expense accounts of Chemistry Departments show prices paid ; universities were exempt from taxes and tariffs on Platinumware.

1888: 1 Troy Oz. Platinum (Scrap, Ret./Disc.) = USD$ 9.88
1888: 1 Troy Oz. Platinum (Semi-mfg, Ret./Disc.) = USD$ 12.34
1888: 1 Troy Oz. Palladium (Semi-mfg, Ret./Disc.) = USD$ 124.40

Credit for Platinum taken in?

1888: 1 Troy Oz. Platinum (Scrap? Bid) = USD$ 7.07
1888: 1 Troy Oz. Platinum (Scrap? Bid) = USD$ 7.63
 
Citation: The report of the Secretary to the Regents of the University of California (1888-9) p. 86

c. May 1888: 1 Troy Oz. Platinum (CA: Scrap, Sold) = USD$ 9.88

Citation: Journal of the Senate and Assembly During the ... Session of the ..., Vol. 2;  California Legislature, Senate () p.167
Citation: The report of the Secretary to the Regents of the University of California (1888-9) p. 209

Citation: The report of the Secretary to the Regents of the University of California (1888-9) pp.





1888: 1 Troy Oz. Platinum (CA: Foil?, Sold) = USD$ 12.13











c.June, 1888:
 1888: 1 Troy Oz. Platinum (CA: Mfg) = USD$ 13.37
 
Citation: Journal of the Senate and Assembly During the ... Session of the ..., Vol. 2;  California Legislature, Senate () p.167



Where 1 in² = 6.4516 cm² cost USD$ 0.67, 144 in² = 929.03 cm² cost USD$ 96.

Where 1 in² (0.005) weighs 1.8 Grams,

1887/8: 1 Troy Ounce Platinum (Sheet: Semi-Mfg, Ret.) = USD$ 11.52

Where 1 inch (Gauge 22: 0.66 mm) "Medium Wire" cost USD$ 0.0833, 1 Yard cost $3.00; 1 Meter cost $3.281

1887/8: 1 Troy Ounce Platinum (Wire: Semi-Mfg, Ret.) = USD$ 13.52

Citation: Mineral resources of the United States, Vol. 5 , US Bureau of Mines, Geological Survey (1888)

Numismatic value of 1831 12-Rouble, citing 1882 sale:







1888: US Metals Production, high-grade slag and low-grade ore






Platinum Chloride was $6.10 oz. (fluid; 10%?)




Platinum needles 75% the price of Gold needles.


1888: impure alloy, mostly Tin.


New York: Platinum Wire, 1883-1898

Citation: Journal of the Franklin Institute, Volume 146 By Franklin Institute (Philadelphia, Pa.: 1898) p.210.

USA, 1889: Merck's Catalogue

DSQ 

Prices cited in Engineering and Mining Journal, Vol. 47, presumably avoirdupois.

January, 1889: 1 Troy Ounce Platinum (Mkt.) = USD$ 8.78
February, 1889: 1 Ozt Platinum (Mkt.) = USD$ 8.91
March-June, 1889: 1 Ozt Platinum (Mkt.) = USD$ 9.60

January, 1889:



February, 1889:


March, 1889:



1889: 1 Troy Ounce Platinum (Fran.: Wholesale Cost, Bulk) ~ USD$ 5.42 (Fr 27.99)

1889: 1 Troy Oz. Platinum (Fran.: Wholesale Cost, Bulk) ~ USD$ 6.62 (Fr 34.21) 


Jan. 1889: 1 Troy Oz. Platinum (Mkt) ~USD$ 7.347 (ℳ 31.104)
Feb. 1889: 1 Troy Oz. Platinum (Mkt) ~USD$ 7.347 (ℳ 31.104)
Mar. 1889: 1 Troy Oz. Platinum (Mkt) ~USD$ 8.081 (ℳ 34.214)
Apr. 1889: 1 Troy Oz. Platinum (Mkt) ~USD$ 8.081 (ℳ 34.214)
May 1889: 1 Troy Oz. Platinum (Mkt) ~USD$ 8.081 (ℳ 34.214)
Jun. 1889: 1 Troy Oz. Platinum (Mkt) ~USD$ 8.081 (ℳ 34.214)
Jul. 1889: 1 Troy Oz. Platinum (Mkt) ~USD$ 8.081 (ℳ 34.214)
Aug. 1889: 1 Troy Oz. Platinum (Mkt) ~USD$ 7.714 (ℳ 32.66)
Sep. 1889: 1 Troy Oz. Platinum (Mkt) ~USD$ 7.714 (ℳ 32.66)
Oct. 1889: 1 Troy Oz. Platinum (Mkt) ~USD$ 7.347 (ℳ 31.104)
Nov. 1889: 1 Troy Oz. Platinum (Mkt) ~USD$ 7.898 (ℳ 33.436)
Dec. 1889: 1 Troy Oz. Platinum (Mkt) ~USD$ 8.816 (ℳ 37.324)

Avg. German Price, 1889:  1 Troy Oz. Platinum (Mkt) = USD$ 7.90 

January, 1889: 1 Troy Ounce Platinum (Market) = USD$ 8.00
1889: 1 Troy Oz. Platinum (Mkt: Semi-Mfg.) = USD$ 8.50
December, 1889: 1 Troy Oz. Platinum (Import: Semi-Mfg.) = USD$ 10.00 November, 1889: 1 Troy Oz. Platinum (Scrap: Bid) = USD$ 14.00
December, 1889: 1 Troy Oz. Platinum (Mkt.) ~ USD$ 14.


Citation: The Manufacturer and Builder, Vol. 23, Ed. Peter Henri V. Weyde, William H. Wahl (1891)
 
 
Report on mineral industries in the United States at the eleventh census, 1890 ;  David Day


Citation: Congressional Edition, Vol. 2775 p.166



Citation: Mineral resources of the United States, Vol. 7 US Geological Survey p.144



January, 1889: Merck's trade prices (in US apothecary grains, not grammes) are extraordinarily high, but the quality control was superior.

Wire & sheet sold at the same price in 1889.

1889: 1 Troy Oz. Platinum (Merck's Index; wire/sheet) = USD$ 16.
1889: 1 Troy Oz. Palladium (Merck's Index) = USD$ 64.

1889: 1 Troy Oz. Iridium (Merck's Index) = USD$64.

1889: 1 Troy Oz. Osmium (Merck's Index) = USD$ 96.

1889: 1 Troy Oz. Rhodium (Merck's Index) = USD$ 176.

1889: 1 Troy Oz. Ruthenium (Merck's Index) = USD$ 160.

1889: 1 Troy Oz. Silver (Merck's Index) = USD$4.

1889: 1 Troy Oz. Gold (Merck's Index) = USD$ 56.

c.1889: 1 Troy Oz. Osmium (ore?, whols.) = USD$ 35. - 40.

1890:

The original source was a July 1889 journal.  The US and German Platinum Prices in June 1889 are identical.

January, 1888: 1 Troy Oz. Platinum (ingot, 85%, mkt) = USD$ 6.
June, 1889: 1 Troy Oz. Platinum (ingot, 85%, mkt) = USD$ 8.

Citation: American journal of dental science, Vol. 23, American Society of Dental Surgeons, Florida Dental Society, Georgia Dental Association, South Carolina Dental Association (1890) p.225



October 1889: September 1889 News, August hike? Error in price rise.

Gideon Sibley Platinum Pins were first advertised c.1879-80. An 80% price hike

1879: 1 Troy Oz. Platinum (London, Trade) = $   (£ 1.50)
August, 1889: 1 Troy Oz. Platinum (London, Trade) = $   (£ 2.70)


 
 



c.1889: 6-Roubles weighed 20.7066 Grams, .970 Fine Pt, so the Platinum Rouble was only 18% more valuable than the Silver Rouble, but Dickerman's cites the pre-1886 Russian Silver rate.

c.1889: 1 Troy Oz. Platinum (Coined Rouble, Scrap?) = $ 6.91 

Citation: Dickerman's United States Treasury Counterfeit Detector (1890)



George Tieman & Co.'s Catalogue (1889) records Platinum spoons @ USD$ 4. per; Blowpipe w/ platinum point $3.

February, 1889:
Citation: Congressional serial set: Report of the Secretary of the Navy; United States. p.738

1889/90: US tax on foreign Platinum added significantly to the retail cost.

November, 1889: 1 Troy Oz. Platinum (Scrap: Bid, Barter) = USD$ 14.00




Rhodio-Platinum Wire:
 

New York: Platinum Wire, 1883-1898

Citation: Journal of the Franklin Institute, Vol. 146 Franklin Institute (Philadelphia, Pa.: 1898) p.210.
 
French dental "platina" actually a Silver Alloy: 83/17 Ag-Pt to 65/35 Ag-Pt
  

These are industrial or market prices, mid 1889?