Late 1826:
Citation: Traité de chimie appliquée aux arts, Vol. 1; Jean-Baptiste Dumas (1827)
DSQ
1826: 1 Troy Oz platina (ore @ Chocó) = S$ 0.68 (Fr. 3.38)
c. March, 1826 : 1 Troy Oz platina (Colombia, ore, export mkt) = S$ 1.08 (Fr. 5.41)
c. June 1826: 1 Troy Ounce platina (ore @ Paris) = Fr 15.47 (USD$ 2.87)
c. June 1826: 1 Troy Oz. Platinum (intrinsic, @ 70%) ~Fr 20.32 (USD$ 3.82)
1826: 1 Troy Oz. Platinum (Breant: mfg, retail) ~Fr 49.-53.5 (USD$ 9.25 - 10.10)
July, 1826:
Dated information was always dated - whether that fact was known and understood or not.
In this updated edition, Humboldt changes the earlier higher platina rate mentioned in his first edition (ms. c.1809) without correcting his original error or addressing inconsistencies. Boussingault's major discovery (1826) and recognition of platina in the Urals (1825) are also noted. Reference to a Colombian's arrival in Paris (in October 1825) informs the author of a more 'recent' Chocó spot-price, circa 1823/4.
A German merchant then resident in Colombia cited a much higher Chocó platina price in March/April 1826 (S$10/libra.) The Livre/'Poid du Marc' corresponds to the bulk Libra rate at which platina was sold in Cartagena or Chocó. (Precious metals were not commonly priced in kilograms by merchants or goldworkers in this period; that would be an inconsistent comparison without some relevant clarification.)
The 1822 Chocó Spot-Price @ S$ 4./libra would correspond to the precious metal Poid de Marc of Fr. 10.64; where Platinum sold trade Fr. 22 per once, so a Paris Marc for Fr 176. and the Livre @ Fr. 352. (At the lowest rate, Breant retailed his Platinum @ Fr. 392/marc and Fr. 784/livre, respectively.) The Paris Price for Colombian was therefore about 3x higher than the Colombian export price, but ~6x higher than the Source Spot-Price.
Citation: Traité de chimie appliquée aux arts, Vol. 1; Jean-Baptiste Dumas (1827)
DSQ
1826: 1 Troy Oz platina (ore @ Chocó) = S$ 0.68 (Fr. 3.38)
c. March, 1826 : 1 Troy Oz platina (Colombia, ore, export mkt) = S$ 1.08 (Fr. 5.41)
c. June 1826: 1 Troy Ounce platina (ore @ Paris) = Fr 15.47 (USD$ 2.87)
c. June 1826: 1 Troy Oz. Platinum (intrinsic, @ 70%) ~Fr 20.32 (USD$ 3.82)
1826: 1 Troy Oz. Platinum (Breant: mfg, retail) ~Fr 49.-53.5 (USD$ 9.25 - 10.10)
July, 1826:
Dated information was always dated - whether that fact was known and understood or not.
In this updated edition, Humboldt changes the earlier higher platina rate mentioned in his first edition (ms. c.1809) without correcting his original error or addressing inconsistencies. Boussingault's major discovery (1826) and recognition of platina in the Urals (1825) are also noted. Reference to a Colombian's arrival in Paris (in October 1825) informs the author of a more 'recent' Chocó spot-price, circa 1823/4.
A German merchant then resident in Colombia cited a much higher Chocó platina price in March/April 1826 (S$10/libra.) The Livre/'Poid du Marc' corresponds to the bulk Libra rate at which platina was sold in Cartagena or Chocó. (Precious metals were not commonly priced in kilograms by merchants or goldworkers in this period; that would be an inconsistent comparison without some relevant clarification.)
The 1822 Chocó Spot-Price @ S$ 4./libra would correspond to the precious metal Poid de Marc of Fr. 10.64; where Platinum sold trade Fr. 22 per once, so a Paris Marc for Fr 176. and the Livre @ Fr. 352. (At the lowest rate, Breant retailed his Platinum @ Fr. 392/marc and Fr. 784/livre, respectively.) The Paris Price for Colombian was therefore about 3x higher than the Colombian export price, but ~6x higher than the Source Spot-Price.
Citation: Essai politique sur le royaume de la Nouvelle-Espagne, Vol. 3-4, Alexander von Humboldt p.157
1826: 1 Troy Oz. Platinum (Mkt., Average?) = Fr 27.96 (USD$ )
1826: 1 Troy Oz. platina (Ore, Retail) = Fr 20.33
1826: 1 Troy Oz. Platinum (Producer, Scrap) = Fr 20.33
1826: 1 Troy Oz. Platinum (Producer, Semi-mfg) = Fr 24.91
1826: 1 Troy Oz. Pt Labor (Producer, Mfg) = Fr 4.07
1826: 1 Troy Oz. Platinum (Producer, Mfg.) = Fr 28.97
(after the intrinsic rate) per Troy Oz. : Refining Cost = Fr 7.62 (USD$ 1.43) 1826: 1 Troy Oz. Platinum (Producer, Mfg, Retail) = Fr 32.22 (USD$ 6.06)
(after the unmanufactured rate) per Troy Oz.: Total Labor = Fr 11.91 (USD$ 2.24)
Citation: Mémoires de l'Acadêmie des sciences de l'Institut de France, Acadêmie royale des sciences p.175
1826: The French importation of platina was 259.82 Kgs (~ 8,353.4 Ozt.)
In 1826, 129 Kilograms (4,147 English Troy Ounces) of platina imported to France; at 70% purity, 90.3 Kgs (~2,900 Ozt Fine Pt) worth Fr 899/Kg = Fr 81,178.
1826: 1 Troy Oz. platina (Ore, Retail) = Fr 20.33
1826: 1 Troy Oz. Platinum (Producer, Scrap) = Fr 20.33
1826: 1 Troy Oz. Platinum (Producer, Semi-mfg) = Fr 24.91
1826: 1 Troy Oz. Pt Labor (Producer, Mfg) = Fr 4.07
1826: 1 Troy Oz. Platinum (Producer, Mfg.) = Fr 28.97
(after the intrinsic rate) per Troy Oz. : Refining Cost = Fr 7.62 (USD$ 1.43) 1826: 1 Troy Oz. Platinum (Producer, Mfg, Retail) = Fr 32.22 (USD$ 6.06)
(after the unmanufactured rate) per Troy Oz.: Total Labor = Fr 11.91 (USD$ 2.24)
Citation: Mémoires de l'Acadêmie des sciences de l'Institut de France, Acadêmie royale des sciences p.175
1826: The French importation of platina was 259.82 Kgs (~ 8,353.4 Ozt.)
In 1826, 129 Kilograms (4,147 English Troy Ounces) of platina imported to France; at 70% purity, 90.3 Kgs (~2,900 Ozt Fine Pt) worth Fr 899/Kg = Fr 81,178.
Where 1 Preuss. Thaler = Fl 1.7208 - 1.7333 and 1 Loth = 0.4701568 Ozt.,
1826: 1 Troy Oz. Pt (Paris Mkt, Retail) ~Fr 54.20 - 55.20 (Pr. Thlr 14.89)
1826: 1 Troy Oz. Pt (Paris Mkt, Retail) ~Fr 53.20 - 54.24 (Pr. Thlr 14.623)
1826: 1 Troy Oz. Pt (Paris Mkt, Retail) ~Fr 52.25 - 53.25 (Pr. Thlr 14.357)
1826: 1 Troy Oz. Pt (Paris Mkt, Retail) ~Fr 50.31 - 51.30 (Pr. Thlr 13.825)
Heinrich Quiring?
"Denn 1826/27 notierte in London russisches Rohplatin 146,65 s; columbianisches Rohplatin 199,4 s, Reinplatin 429,7 s je kg. Paris nahm eine Zwischenstellung ein (Rohplatin 200 Frcs, Reinplatin 690 Frcs je kg)..."
Boussingault's major platina discovery in Antioquia was widely reported by Summer, 1826, and the St. Petersburg price had fallen since the Winter of 1825 (December, 1825):
This sparse summary of the Platinum market is informative. After record yields in 1825-6 at newly discovered Russian platina tracers mines in the Urals, the Colombian platina price in Paris fell by ~ -50%. Then, with the Russian government's announcement (1828) to coin Platinum Roubles, Colombian platina rose again to an intrinsic price close to the Russian coin-rate (1832.)
Citation: Annuaire historique universel pour 1832 (1834) p. 174
By 1826, massive quantities of platina from recent Uralian placer discoveries (1824) began accumulating in Russia. Despite a Russian government monopoly, smuggled Russian platina surely reached the Paris market, which explains the falling price.
Villefosse's study of metal production and prices in France was presented in April 1827; the Gold and Platinum data was likely late 1826 or very early 1827.
1826: 1 Troy Oz. Fine Gold (Mint: Official Price) = Fr. 107.13 (USD$ )
Where 1 Kg. .840 Gold (Mfg: Watch-case) was Fr. 4,123.82, 1 Kg. Fine Gold was Fr. 4,909.31
1826: 1 Troy Oz. Fine Gold (Mfg: Complex) = Fr. 152.70 (USD$ )
Where 1 Kg. .750 Gold (Mfg: Watch-chain, etc.) was Fr. 4,085.63, 1 Kg. Fine Gold was Fr. 5,447.51; where 1 Kg. .750 Gold (Mfg: Snuff-Box, etc.) was Fr. 4,157.11, 1 Kg. Fine Gold was Fr. 5,542.82;
1826: 1 Troy Oz. Fine Gold (Mfg: Simple) = Fr. 169.44 (USD$ )
1826: 1 Troy Oz. Fine Gold (Mfg: Complex) = Fr. 172.40 (USD$ )
Citation: Recherches statistiques sur les métaux en France; Héron de Villefosse (1827)
1826? Price for Bréant's Platinum Still, boiler for 300 kg acid:
1827: Old price?
1826: 1 Troy Ounce Platinum (mkt) = Fr 27.94 (USD$ 5.26)
1826: 1 Troy Oz. Fine Gold (Mint: Official Price) = Fr. 107.13 (USD$ )
Where 1 Kg. .840 Gold (Mfg: Watch-case) was Fr. 4,123.82, 1 Kg. Fine Gold was Fr. 4,909.31
1826: 1 Troy Oz. Fine Gold (Mfg: Complex) = Fr. 152.70 (USD$ )
Where 1 Kg. .750 Gold (Mfg: Watch-chain, etc.) was Fr. 4,085.63, 1 Kg. Fine Gold was Fr. 5,447.51; where 1 Kg. .750 Gold (Mfg: Snuff-Box, etc.) was Fr. 4,157.11, 1 Kg. Fine Gold was Fr. 5,542.82;
1826: 1 Troy Oz. Fine Gold (Mfg: Simple) = Fr. 169.44 (USD$ )
1826: 1 Troy Oz. Fine Gold (Mfg: Complex) = Fr. 172.40 (USD$ )
Citation: Recherches statistiques sur les métaux en France; Héron de Villefosse (1827)
1826? Price for Bréant's Platinum Still, boiler for 300 kg acid:
Citation: Bulletin, Vol. 26 Société d'encouragement pour l'industrie nationale (1827)
1826: 1 Troy Ounce Platinum (mkt) = Fr 27.94 (USD$ 5.26)
1826: 1 Troy Ounce Platinum (estimated, pure) = Fr 28. (USD$ 5.30)
1826: 1 Troy Ounce Platinum (mfg, whols.?) = Fr 28.97 (USD$ 5.45)
1827: 1 Troy Ounce Platinum (Producer, pure ingot) = Fr 26.72 (USD$ 5.13)
Citation: Annales des mines ou Recueil de mémoires sur l'exploitation des ..., Vol. 2 (1827) p.432-3
Summer, 1827:
Citation: Im Ural und Altai: Briefwechsel zwischen Alexander von Humboldt und Graf ...; A. von Humboldt, Egor F. Kankrin (1869) p.
1826:
Citation: Traité complet de l'art du dentiste d'après l'état actuel des connaissances...; F. Maury (1828) p.429
A short-lived dramatic collapse of the Paris Platinum Price occured 1826-8; the 'earlier cost' @ ~ Fr 30. was 1826. Against export producers (within a four-year term) the tariffed rate was 3x times higher.
1827: 1 Troy Oz. platina (Paris: Ore, whols.) = Fr 6.22 (USD$ 1.19)
1826: 1 Troy Oz. Platinum (intrinsic) = Fr 27.96 (USD$ 5.26)
1826: 1 Troy Ounce Platinum (high?, mfg?, whols.) = Fr 32.22 (USD$ 6.06)
1826: 1 Troy Ounce Platinum (mfg, whols.?) = Fr 28.97 (USD$ 5.45)
c. Feb. 1827: 1 Troy Oz. Platinum (Producer, pure ingot) = Fr 26.72 (USD$ 5.13)
1827: 1 Troy Oz. Platinum (Paris: refined, whols.) = Fr 21.46 (USD$ 4.12)
Adjusting for Real Inflation since 1827 (9,616%) we can extrapolate a long term wholesale price for Paris refined Platinum to be $ 519. (in 2009 USD$.)
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