April 29, 2010

France, 1812: High Price Level Persists

1810: 1 Troy Oz. Platinum (manufactured, retail) ~ Fr 36.57 (~£ 1.80, USD$ 7.74)
1810: 1 Troy Oz. Platinum (UK: mfg, retail) ~ Fr 20.38 (£ 1.0)

1811: 1 Troy Oz. Platinum (Paris: unmfg) = Fr 31.1 (~£ 1.75, USD$ 6.67)
1811: 1 Troy Oz. Platinum (UK: wire) ~ Fr 22.25 (£ 0.80)

1812: 1 Troy Oz. Platinum (Paris: wire) = Fr 30.48 (~£ 1.61; USD$ 6.51)
1812: 1 Troy Oz. Platinum (UK: wire, Cary retail) = Fr 16.25
1812; 1 Troy Oz. Platinum (UK: wire, Accum retail) = Fr 20.10
1812: 1 Troy Oz Platinum (Mfg: Accum retail) = Fr. 22.96

1811/2: 1 Troy Oz. Platinum (mfg, retail) ~ Fr 36.57

1813: 1 Troy Oz. Platinum (mfg, retail) = Fr 31.103 

Dated 17 February, 1812:
Citation: Bulletin de pharmacie, Vol. 4 Université royale de France; (1812)  p.310





Platinum industrial manufactures typically sold for  Fr. 36./oz. in 1811.

1812: 
1st Vase = Fr. 2,911?
14.57 Inches Dia., 10.04 In. deep.
2.476 Kgs (79.605 Ozt.), so 3.6184 Ozt/per Litre

2nd Vase = Fr. 2,067?
12.795 Inches Dia., 9.252 In. deep.
1.758 Kgs (56.521 Ozt.), so 3.5326 Ozt/per Litre 


 
Citation: Bulletin de pharmacie, Volume 4; Vol. 1812 By Université royale de France p.310



Platinum pens sold for Fr 6. (S$ 1.14) in mid-1812:





In 1811/2, Cuoq, Courturier & Cie. imported a large quantity of platina and founded a factory with M. Bréant (employing Wollaston's refining process) to mass-produce platinum wares.  That Platinum came to market after 1813, a lag-time that was half the duration of the Wollaston effort (1800>1805.)

The French joint venture so successfully cornered the platina market that Wollaston was himself was driven out of the business by 1820. In France, this period of oversupply (1814-22) technically lasted until 1825, although other factors began elevating the French price-level c.1826.


Citation: Traité des gîtes minéraux et métallifères: recherche, étude et ..., Vol. 2, Edmond Fuchs, Louis Launay (1893), p.995


Platinum was confirmed in Brazil c. 1809, reported c. 1811 and well-known by 1812.  That discovery may have greatly diminished any speculative pressure, and encouraged Colombian hoarders to begin dumping platina. 

c.1810: 
Citation: Voyages dans l'intérieur du Brésil, particulièrement..., Vol. 2 ; John Mawe, J.-B. Benoît Eyries, G. Lemaître (1816) p.





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