The
Platinum coinage in Russia provided a coherent valuation, even if it
quickly proved overvalued and likely destabilized the open market for a
time.
The cause for the depreciation of Platinum Mony comes first from the depreciation of the metal itself, and its standard of monetary use, but also that, from the outset, it was taxed on a basis that was entirely wrong and too high.
Citation: Esprit de l'économie politique; Ivan Golovin (1843) p.225
The cause for the depreciation of Platinum Mony comes first from the depreciation of the metal itself, and its standard of monetary use, but also that, from the outset, it was taxed on a basis that was entirely wrong and too high.
Citation: Esprit de l'économie politique; Ivan Golovin (1843) p.225
c.1843/4: 1 Troy Oz. Platinum (refined, unmfg) Fr 31.10 (USD$ 5.88)
Citation: Encyclopédie technologique: Dictionnaire des arts et manufactures ..., Volume 2, ByCharles Pierre Lefebvre de Laboulaye (1847) p.2994
1827 -44: 1 Troy Oz. Platinum (coined Rouble) Fr . 36.06 (USD$ 6.60 - 7.05)
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