May 1, 2010

Post 2 France, 1835: Platinum's Relative Value Evaluated Post 2



1835:  1 Troy    Ounce  Platinum     (pure, coined, mkt price) = Fr. 27.99 (USD$ 5.23)


It's almost inconceivable in this age of simulacra that once upon a time, a gold medal was  actually made of real gold. (The Olympic Gold isn't: it's lightly plated silver.)  Where "prix" is both PRICE & PRIZE, the intrinsic value of a medal's metal is significant.  

The relation of Platinum to Silver and Gold was a persistent question throughout the 19th C., from 1802 to 1900. At the time when Russia had monetized Platinum in proportion to Silver & Gold, the weight, size & value of a Platinum medallion was evaluated in France:




Citation: Bulletin de la Société d'encouragement pour l'industrie nationale, Volume 21, By Société d'encouragement pour l'industrie nationale (1835) p.353-4
 


Citation: Le prompt Calculateur: contenant: 1. les principes du Calcul decimal. 2. un ... By J. L. Suret  (1837), p.12

Where a 40 Fr. silver medal (6.43  Troy Ounces) has a volume of 753.67 mill and Platinum is 1.9417 times heavier, the weight the same sized Platinum medallion would be 388.34 grams or 12.49 Troy Ounces (@ Fr. 349.52)  

In 1832/3,  the quoted retail price for large platinum manufactures   was $ 6. - 6.25./oz., so the price was stable. 

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