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The maritime fur trade was a ship-based fur trade system that focused on acquiring furs of sea otters and other animals from the indigenous peoples of the Pacific Northwest Coast and natives of Alaska. The furs were mostly traded in China for tea, silks, porcelain, and other Chinese goods, which were then sold in Europe and the United States.
They were highest in the 1920s and 1930s, when average prices were about US$100. [6] In 1936, pelts were being offered for sale in New York City for $450–750 per pelt. [72] Prices declined through the 1960s, but picked up again in the late 1970s. In 1979, the Hudson's Bay Company paid $410 for one female pelt. [72]
Modern fur trapping and trading in North America is part of a wider $15 billion global fur industry where wild animal pelts make up only 15 percent of total fur output. In 2008, the global recession hit the fur industry and trappers especially hard with greatly depressed fur prices thanks to a drop in the sale of expensive fur coats and hats.
All local furs were sold to the state fur company in Irkutsk or Tobolsk, two of the largest fur trading centers in Siberia. [12] A first-grade fox pelt was sold the state trading center in Irkutsk for 108 rubles – approximately $18 in 1990. That same fur was then sold in Anchorage, Alaska for over $150, or about 4,779 rubles.
The price corresponds with the upper coat's abundance of glossy blackness. [10] Sable fur has been a highly valued item in the fur trade since the early Middle Ages, and is generally considered to have the most beautiful and richly tinted pelt among martens. Sable fur is unique because it retains its smoothness in every direction it is stroked.
This makes all the fur on the pelt of equal length and incredibly soft to the touch. While the pelts of regular rabbits are often used in utilitarian garments for warmth, rex rabbits are made into higher grade garments and accessories. Rabbit is the least durable of all furs, scoring 5/100 on the Austin chart of durability.
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In the 1970s, the price of raccoon pelts rose again to a high of 25 to 30 dollars each, and some people made their entire income from coon hunting. It was possible to catch ten raccoons per night in well-populated areas, with good dogs. [8] One outdoors writer estimated that in 1985 there were 30 to 40 thousand coon hunters in Michigan alone. [31]