Estimated Annual and Quarterly Price per Pure Gram and Expected Purity of Powder Cocaine (Constant 2007 Dollars) ANNUAL Retail-Level
Dealer-Level
Dealer-Level
Price
Purity (%)
Price
Purity (%)
0.1-2 Grams
0.1-2 Grams
10-50 Grams
10-50 Grams
1981
613.10
0.40
327.15
49
1982
666.87
0.43
310.97
49
1983
537.22
0.49
249.30
61
1984
456.68
0.54
197.21
67
1985
455.99
0.51
197.73
62
1986
345.00
0.61
151.04
75
1987
294.46
0.73
114.07
81
1988
250.80
0.74
85.32
80
1989
218.36
0.69
77.55
74
1990
265.09
0.58
98.13
63
1991
225.59
0.63
77.99
74
1992
177.63
0.67
72.19
73
1993
174.79
0.69
73.84
67
1994
165.90
0.67
64.46
72
1995
202.35
0.61
67.19
68
1996
164.51
0.73
58.75
70
1997
161.23
0.65
60.60
69
1998
148.63
0.69
55.02
69
1999
155.35
0.65
58.05
64
2000
186.21
0.62
63.97
58
2001
194.11
0.58
62.47
53
2002
137.09
0.70
54.90
60
2003
147.67
0.69
51.89
62
2004
134.04
0.69
48.22
66
2005
132.07
0.68
42.80
68
2006
130.38
0.74
39.11
71
2007
121.82
0.64
48.32
59
Estimated Annual and Quarterly Price pe
Price Per Pure Gram in 2007 Dollars
Period
Retail-Level
700 650 600 550 500 450 400 350 300 250 200 150 100 50 0
1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 8 8 8 8 8 8 8 8 8 9 9 9 9 9 9 Year
QUARTERLY Retail-Level
Retail-Level
Dealer-Level
Price
Purity (%)
Price
Dealer-Level Purity (%)
Period
0.1-2 Grams
0.1-2 Grams
10-50 Grams
10-50 Grams
1981Q1
727.30
0.3246
359.60
0.4664
1981Q2
630.05
0.3385
327.29
0.4997
1981Q3
494.34
0.4762
317.67
0.5032
1981Q4
602.47
0.4100
304.96
0.5078
1982Q1
673.35
0.3845
323.37
0.4841
1982Q2
761.67
0.4163
319.93
0.4595
1982Q3
583.63
0.4703
298.37
0.5000
1982Q4
653.57
0.4526
303.49
0.4981
1983Q1
652.08
0.4535
267.59
0.5850
1983Q2
535.77
0.5114
275.43
0.5529
1983Q3
484.08
0.4738
238.31
0.6234
1983Q4
479.66
0.5079
217.25
0.6656
1984Q1
425.37
0.5227
197.25
0.6867
1984Q2
497.81
0.5627
194.25
0.6868
1984Q3
453.22
0.5305
201.31
0.6534
1984Q4
452.12
0.5259
196.85
0.6471
1985Q1
520.66
0.5046
201.41
0.6207
1985Q2
432.52
0.5171
218.97
0.5691
1985Q3
456.76
0.4888
192.02
0.6315
1985Q4
416.67
0.5298
179.27
0.6677
1986Q1
350.48
0.5459
160.58
0.7251
1986Q2
379.77
0.6015
158.99
0.7304
1986Q3
354.28
0.6184
148.06
0.7531
1986Q4
296.13
0.6904
136.99
0.7737
1987Q1
368.14
0.7206
131.36
0.7980
1987Q2
320.82
0.7335
118.98
0.7904
1987Q3
246.30
0.7340
109.45
0.8057
1987Q4
242.71
0.7135
96.87
0.8299
1988Q1
228.31
0.7642
87.68
0.8361
1988Q2
239.42
0.6708
92.00
0.7769
1988Q3
301.41
0.7331
84.59
0.7812
1988Q4
235.35
0.7745
77.27
0.8191
1989Q1
213.91
0.7429
76.39
0.7971
1989Q2
216.26
0.7433
72.25
0.7442
1989Q3
236.67
0.6681
75.61
0.7363
1989Q4
207.91
0.6069
86.24
0.6877
1990Q1
241.47
0.6140
87.42
0.6564
1990Q2
260.57
0.5904
100.36
0.6001
1990Q3
310.15
0.5231
108.05
0.5989
1990Q4
249.41
0.5899
97.02
0.6632
1991Q1
221.51
0.6036
86.21
0.7024
1991Q2
219.40
0.6226
81.61
0.7252
1991Q3
247.57
0.6664
75.45
0.7556
1991Q4
215.18
0.6464
68.87
0.7796
1992Q1
178.38
0.6695
66.71
0.7551
1992Q2
178.51
0.6333
83.34
0.6639
1992Q3
168.25
0.6847
71.61
0.7305
1992Q4
186.17
0.7087
67.21
0.7534
1993Q1
176.41
0.6805
71.70
0.6796
1993Q2
204.63
0.6902
75.01
0.6705
153.75
0.6883
75.34
0.6739
1993Q4
164.73
0.6839
73.41
0.6672
1994Q1
158.35
0.6998
66.45
0.7087
1994Q2
178.38
0.6344
66.28
0.7370
1994Q3
156.05
0.6407
66.02
0.7040
1994Q4
170.89
0.6856
59.22
0.7384
1995Q1
183.65
0.7056
56.29
0.7557
1995Q2
218.96
0.5278
61.13
0.7115
1995Q3
199.85
0.6124
80.58
0.5986
1995Q4
207.65
0.6021
69.90
0.6439
1996Q1
179.17
0.6798
63.93
0.6778
1996Q2
162.98
0.6890
60.44
0.6700
1996Q3
193.75
0.7030
59.19
0.6951
1996Q4
121.27
0.8338
51.61
0.7703
1997Q1
159.57
0.6863
55.45
0.7251
1997Q2
168.67
0.5911
69.04
0.6237
1997Q3
158.36
0.6531
63.95
0.6608
1997Q4
158.36
0.6853
54.09
0.7371
1998Q1
121.60
0.7533
55.13
0.6813
1998Q2
171.33
0.6745
56.13
0.7189
1998Q3
139.93
0.6320
53.76
0.7082
1998Q4
161.69
0.6923
55.17
0.6689
1999Q1
166.19
0.6193
55.70
0.6450
1999Q2
136.69
0.6145
61.33
0.6314
1999Q3
154.40
0.6742
58.38
0.6245
1999Q4
164.34
0.6968
57.03
0.6431
2000Q1
183.61
0.6350
62.61
0.5987
2000Q2
165.99
0.6231
71.48
0.5251
2000Q3
242.13
0.5839
63.53
0.6047
2000Q4
153.73
0.6177
58.55
0.5759
2001Q1
188.47
0.6038
62.32
0.5336
2001Q2
166.12
0.5522
62.94
0.5365
2001Q3
218.70
0.6391
61.57
0.5447
2001Q4
203.44
0.5205
63.30
0.5222
2002Q1
137.97
0.6519
60.78
0.5430
2002Q2
119.45
0.7066
56.15
0.5864
2002Q3
170.86
0.7466
50.92
0.6606
2002Q4
120.25
0.6760
52.05
0.6136
2003Q1
143.38
0.7163
49.66
0.6272
2003Q2
145.71
0.7290
54.27
0.5987
2003Q3
153.31
0.6225
54.27
0.6239
2003Q4
147.77
0.7003
49.61
0.6434
2004Q1
157.72
0.6737
46.33
0.6594
2004Q2
117.16
0.7111
51.00
0.6273
2004Q3
122.12
0.7299
50.12
0.6665
2004Q4
139.07
0.6332
45.59
0.6723
2005Q1
123.84
0.6715
47.40
0.6440
2005Q2
138.99
0.6563
42.49
0.6635
2005Q3
150.40
0.6430
42.51
0.6817
2005Q4
115.89
0.7361
39.26
0.7218
2006Q1
115.83
0.7791
40.37
0.6784
2006Q2
144.99
0.7021
39.92
0.7316
2006Q3
119.96
0.7531
37.88
0.7227
2006Q4
140.68
0.7243
38.51
0.6958
Price Per Gram in 2007 Dollars
1993Q3
800 750 700 650 600 550 500 450 400 350 300 250 200 150 100 50 0 1981Q1 1983Q4 1986Q3 1989Q2 1992Q1 19
Y
Column B
2007Q1
107.09
0.6947
41.89
0.6729
2007Q2
127.08
0.5855
47.73
0.5880
2007Q3
135.33
0.5809
52.91
0.5336
2007Q4
119.24
0.7213
50.22
0.5657
nnual and Quarterly Price per Gram and Expected Purity of Powder Cocaine 0.75 0.70 0.65 0.60 0.55 0.50 0.45 0.40 0.35 0.30 0.25 0.20 0.15 0.10 0.05 0.00 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 0 0 0 0 0 0 0 0 8 8 8 8 8 9 9 9 9 9 9 9 9 9 9 0 0 0 0 0 0 0 0 Year
Column B Column C
0.85 0.80 0.75 0.70 0.65 0.60 0.55 0.50 0.45 0.40 0.35 0.30 0.25 0.20 0.15 0.10 0.05 0.00
3Q4 1986Q3 1989Q2 1992Q1 1994Q4 1997Q3 2000Q2 2003Q1 2005Q4 Year
Column B
Column C
Estimated Quarterly and Annual Price per Expected Pure Gram of Crack Cocaine (Constant 2007 Dollars) ANNUAL Period
0.1-2 Grams
1-15 Grams
> 15 Grams
1986
418.44
202.65
141.81
1987
387.59
167.52
96.05
1988
270.47
125.53
82.20
1989
245.01
111.40
76.64
1990
294.66
162.01
111.71
1991
224.48
123.75
83.41
1992
247.88
117.54
76.61
1993
207.89
113.10
75.25
1994
200.87
96.55
66.23
1995
212.86
100.84
67.65
1996
187.63
91.71
61.93
1997
226.35
102.36
66.59
1998
181.38
89.20
59.63
1999
235.70
100.34
67.68
2000
252.65
111.59
72.03
2001
226.64
101.46
69.55
2002
206.63
93.18
62.33
2003
187.48
85.98
54.50
2004
178.55
83.16
50.87
2005
159.20
72.23
47.15
2006
152.58
69.64
44.43
2007
167.15
74.24
48.84
QUARTERLY Period
0.1-2 Grams
1-15 Grams
> 15 Grams
1986Q1
510.66
200.44
132.89
1986Q2
394.51
186.58
183.69
1986Q3
421.74
185.04
121.32
1986Q4
347.90
238.55
97.17
1987Q1
576.97
215.36
102.74
1987Q2
365.42
173.09
109.66
1987Q3
377.04
146.38
72.18
1987Q4
228.72
135.25
77.83
1988Q1
260.89
108.75
89.01
1988Q2
257.47
118.99
76.15
1988Q3
268.64
142.99
71.18
1988Q4
292.56
131.38
73.55
1989Q1
274.90
113.79
69.34
1989Q2
260.54
105.50
68.75
1989Q3
233.04
110.14
65.67
1989Q4
211.79
116.17
85.27
Period
0.1-2 Grams
1-15 Grams
> 15 Grams
1990Q1
247.88
142.12
98.18
1990Q2
309.48
180.82
118.91
1990Q3
329.09
170.93
115.12
1990Q4
297.55
154.18
88.81
1991Q1
252.59
146.32
84.34
1991Q2
250.30
133.64
81.49
1991Q3
226.79
110.32
78.57
1991Q4
170.97
104.72
69.93
1992Q1
224.58
101.18
66.95
1992Q2
286.93
131.44
81.56
1992Q3
257.33
119.75
74.35
1992Q4
209.28
117.80
65.92
1993Q1
208.79
111.48
68.25
1993Q2
225.13
117.88
80.55
1993Q3
190.56
119.92
69.48
1993Q4
207.92
103.10
65.38
1994Q1
211.51
93.82
63.90
1994Q2
192.83
104.28
63.98
1994Q3
199.22
97.15
62.91
1994Q4
201.08
90.96
58.92
1995Q1
192.46
90.17
58.45
1995Q2
198.08
97.92
61.01
1995Q3
207.23
115.43
68.39
1995Q4
253.34
99.82
67.19
1996Q1
177.19
93.72
60.23
1996Q2
184.46
87.76
59.31
1996Q3
194.04
91.48
56.23
1996Q4
195.48
93.86
57.76
1997Q1
189.85
91.56
56.58
1997Q2
271.72
118.82
72.56
1997Q3
224.62
103.82
65.11
1997Q4
219.74
95.22
56.87
1998Q1
187.07
86.53
57.55
1998Q2
188.14
88.60
55.16
1998Q3
166.67
90.97
53.81
1998Q4
184.11
90.69
58.31
1999Q1
285.84
111.19
72.71
1999Q2
226.79
94.89
62.91
1999Q3
206.12
92.47
60.14
1999Q4
229.47
102.80
59.49
Period
0.1-2 Grams
1-15 Grams
> 15 Grams
2000Q1
236.89
112.51
72.54
2000Q2
272.21
109.90
71.29
2000Q3
253.23
113.24
66.84
2000Q4
247.29
110.70
61.03
2001Q1
245.86
106.43
65.53
2001Q2
213.97
104.45
67.38
2001Q3
218.85
95.52
62.40
2001Q4
228.72
99.42
67.09
2002Q1
228.93
92.18
62.08
2002Q2
199.68
100.95
62.01
2002Q3
187.91
93.92
56.95
2002Q4
211.22
85.66
54.16
2003Q1
226.25
86.49
51.42
2003Q2
179.81
84.36
50.77
2003Q3
177.64
83.71
51.45
2003Q4
167.95
89.35
51.96
2004Q1
210.85
81.47
47.01
2004Q2
166.76
87.65
47.29
2004Q3
166.20
81.84
49.86
2004Q4
170.85
81.66
47.75
2005Q1
157.37
70.38
45.25
2005Q2
160.95
72.85
44.70
2005Q3
172.36
76.70
44.66
2005Q4
154.23
68.98
43.70
2006Q1
146.50
69.21
42.79
2006Q2
174.55
71.90
41.81
2006Q3
152.06
72.09
42.15
2006Q4
137.73
65.34
40.84
2007Q1
150.92
71.59
41.91
2007Q2
170.42
80.12
47.79
2007Q3
176.65
76.82
48.87
2007Q4
167.30
68.44
45.18
Annual average estimates of U.S. retail cocaine price and purity, 1981-2007 700
1.00
Price Per Pure Gram in 2007 Dollars
650
0.90
600 550
0.80
500
0.70
450
0.60
400 350
0.50
300
0.40
250 200
0.30
150
0.20
100
0.10
50
0 0.00 19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 20 20 20 20 20 20 20 20 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 Year Column B
Column C
1.00 0.90 0.80 0.70 0.60 0.50 0.40 0.30 0.20 0.10
0.00 0 20 6 07