May 14, 2010

France, c.1843: Platinum Price

The exceeding low price of Iridium in 1843 (100 Fr, kg) appears to be an error


c.1843: 1 Troy Ounce Platinum (mkt) = Fr  30.48 (USD$ 5.76)

Citation: Politische arithmetik By Leopold Carl Bleibtreu, P. N. Rosenstein-Rodan (1845) pp. 49-50


c.1843/4: 1 Troy Oz. Platinum (refined, mfg) = Fr  31.1 (USD$ 5.88)

Citation: Encyclopédie technologique: Dictionnaire des arts et manufactures ..., Volume 2 By Ch Laboulaye, Charles Pierre Lefebvre de Laboulaye (1845)

1843: 1 Troy Oz. Silver (pure) = Fr   (USD$ )
c.1839-43: 1 Troy Oz. Platinum (intrinsic) = Fr   (USD$ )
c.1843
Citation: Éléments de l'économie politique, By Joseph Garnier (1846) p.140


c.1843: 1 Troy Oz. Platinum-Black = Fr  3.11 (USD$ 0.60)
Citation: Rapport du Jury Central sur les Produits de l'Agriculture et de l'Industrie ... Jury Central sur les Produits de l'Agriculture et de l'Industrie (1849) p.837

1843: 1 Troy Oz. Iridium (Paris retail) ~ Fr 640  (USD$ 118.60)
1843: 1 Troy Ounce Iridium (refined) ~ Fr 622  (Credit Roubles 157.67)

The French once poids de marc contained 8 drachmes (1 gros = 3.824 g) or 24 scruples (deniers) or 576 grains (30.594 g)

122 Фунт was  1,606 English Troy Ounces; at a "million French Francs" 253,216 CR



Konitsky reported in 1843: During nine months of 1843 I obtained from the insoluble residues, as well as from the iron {byproduct}, 122 Funt of iridium oxide, ie, for the sum of 1 million Francs (after Paris Price-current of 80 Francs pr. Drachma). The St. Petersburg Mint is now provided with a so far rare and precious metal in Europe.
 
1842/3: 1 Troy Ounce Iridium (refined) ~ Fr 650.  (USD$ 120.50)


Citation: Записки Всесоюзного минералогического общества; Всесоюзное минералогическое общество, Минералогическое общество (Сайнт Петерсбург, Руссия) Российское минералогическое общество (1843) p. 189


Citation: Handbuch der Mineralogie; Friedrich August Quenstedt  (1877) p.708

According to House of Commons estimation (1843), the French tariffed rate was Fr. 93.30 per Troy Ounce. This was not the market price, however.

Amount of platina imported to France, 1843: 9,359.87 Troy Ounces or 291.13 kg Pt
Citation: "Tables of Revenue, Population, Commerce, Etc. Supplement to Part XIV (Statements Relating to Foreign Countries) "  House of Commons papers, Vol. 53  House of Commons (1849)   p.203; p.8

Amount of platina produced in Russia, 1843



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