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<p>[QUOTE=&quot;Juan Blanco, post: 1652295, member: 41665&quot;]Who made these 3 ozt bars (Baker&amp;Co?) and what is the collector premium for a 1936 ingot now? Does anyone here have any info?</p><p><br /></p><p>From <u>The Minerals Yearbook 1936</u> p.751 &#039;Platinum and Allied Metals&#039; by H.W. Davis reported: &quot;<b>Refined Platinum in 3-ounce bars was made available for speculative and investment buying in 1936. </b>Chiefly because of such speculative flurry and improvement in the world demand, the <b>price of Platinum advanced from $33 an ounce in April to $70 an ounce in September</b>, but towards the end of the year it dropped to $48 an ounce. The price of Iridium rose from $55 to $175 during the period of heavy demand.&quot;</p><p><br /></p><p>The New York Price of Platinum had actually risen from $26.81 (in late March 1936) to $70. or 161% in just 7 months .... annualized, that&#039;s ~352%. </p><p>The Platinum Price retracement was ~-31.4%, September to December..... annualized, ~-74.7% decline. </p><p><br /></p><p>On the chart below, the Pt spike looks small (compared to Iridium) but Platinum went from &#039;cheaper than Gold&#039; to &#039;double the price of Gold&#039; in just a few days. (Could it happen again? That is the sort of event Bullion Bugs today dream of.) </p><p><br /></p><p><u>The Minerals Yearbook 1936</u> p.752 shows a refined Pt consumption chart. Most industrial consumers&#039; demand increased 49% - 60% (chemical, electrical &amp; dental) ; the major sector, jewelry demand (64%) for Pt curiously fell -9%, while jewelry demand for Pd rose +13.4%</p><p><br /></p><p>There&#039;s no &#039;Investment&#039; category but the &quot;Miscellaneous and Undistributed&quot; exploded from 2,505 ozt &gt; 16,288 ozt ... 550% gain. If Miscellaneous had only grown as much as most sectors 1935-6 (~55%, unweight avg) to 3,888 ozt, we can see the Undistributed (marginal &amp; additional) increase was 12,400 ozt. Presumably, most of that went to jewelry production anyway.</p><p><br /></p><p>If all 12,400 ozt of this hypothetical Undistributed increase had been 3-ounce ingots, as many as 4,133 Platinum bars may have been produced. </p><p>I don&#039;t think so. Presume jewelry demand (the largest sector) actually rose about as much as others; true &#039;Investment/Speculation&#039; portion of &quot;Miscellaneous&quot; was probably about 3,511 ozt, a more modest increase of about 1,000 ozt. </p><p><br /></p><p>So my best guess is <b>probably ~&lt;330 of these 3-Ozt bars .999 Pt</b> <b>were manufactured in 1936. </b></p><p><b><br /></b></p><p><b></b>I don&#039;t know IF the September 1936 Pt price spike was related to the issue of investment/speculation bars or the &#039;recorded decline&#039; in jewelry demand for the metal. I suppose it was a very short-lived cornered market, readjusting to a higher price level. I have no further info or background on the 1936 Pt Price Spike.</p><p><br /></p><p>[ATTACH]241124.vB[/ATTACH]</p><p><br /></p><p>The 1936 average New York Refined Platinum Price rose +28.1% (same source)</p><p>The 1936 average Australian (intrinsic) Platinum Price rose +31.72%. (<u>Official Year Book of the Commonwealth of Australia</u> 1939 No. 32 , p.549) </p><p><br /></p><p>fwiw, the (adjusted .999 Fine) Silver Price in London rose 9.87% in 1936, ~9.5% in the 7mo period. </p><p>Same time-frame, the Gold Price appears to be flat. </p><p><br /></p><p>The USD-Sterling rate fell slightly, the Dollar weakening &lt;-2% March-Sept., with some recovery by year end.[/QUOTE]</p><p><br /></p>

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