In Paris in 1827/8, the Platinum Price fell nearly 50%. A British traveler in St.Petersburg notes the 'extravagant price' of the Russian metal in 1829/30.
The coinage was apparently a source of some speculation or even arbitrage. Refined Platinum was at least +10% more expensive in Russia, reportedly due to inefficiencies at the Mint, taxes & platina theft: the State monopoly.
The coinage was apparently a source of some speculation or even arbitrage. Refined Platinum was at least +10% more expensive in Russia, reportedly due to inefficiencies at the Mint, taxes & platina theft: the State monopoly.
1828/9: 1 Troy Ounce Platinum (manufactured, export) = Fr 31.1 (USD$ 6.10)
1830/1: 1 Troy Oz. Platinum (ingot?) = Fr 15.- 18. (USD$ 2.88 - 3.45)
1831: 1 Troy Ounce Platinum (ingot?) = Fr. 16. -24. (USD$ 3.07 - 4.60)
1829: Referring to Breant's 1827 prices, for Platinum stills
Citation: Gill's technological [afterw.] Gill's scientific, technological ..., Vol.5, By Gill's scientific, technological and microscopic repository, p.286
c. 1829/30: noting variable price, an estimated average for refined Platinum
Citation: L'art de l'essayeur; Laurent Jean Chaudet (1832) p.289
Citation: L'art de l'essayeur; Laurent Jean Chaudet (1832) p.289
c.1832:
1830: 1 Troy Ounce Platinum: 21.87 руб (Paper Roubles = USD$ 4.42)
1830: 1 Troy Ounce Gold: 94.95 руб (Paper Roubles = USD$ 25.64)
Citation: A manual of mineralogy: comprehending the more recent discoveries in the ... By Robert Allan (1834) p.247
No comments:
Post a Comment