June 2, 2010

Russia, 1847: Production & Price

Assuming the Poud at SG 21.5 cost 3,392 руб Kr.

1846: 1 Troy Oz. Platinum (StPb rate: SG 21.5) = 6.44 руб Kr
1846: 1 Ozt Pt (+Assumed Refined Cost руб Kr. 1.1156) = 7.55 руб Kr.

c.1847? Germany : by context, Russian Weight/Price, expressed in Gulden. 
Fl 200./Thlr 114.286 per Funt (=13.1661178 Ozt.) = 4,248 руб Ag/4,471 руб Kr. per Poud.


1847: 1 Troy Oz. Platinum (Stuttgart Price: Wire) = Fl. 15.191 / Thlr. 8.68  
= 8.066 руб Ag /  8.49 руб Kr.

1847: 1 Ozt. Platina (Ural Production, Ore at SG 21.5) = Fl. 1.519 / Thlr. 0.868
0.807 руб Ag / 0.8495 руб Kr.

In 1822 similar platinum sands were discovered in the Ural Mountains, and now this delivers up to 8 times more platina (at 4,000 Pfund) than America. Also, the refining is very easy. Unfortunately, these pits are a owner (Demidoff), so that the price can still be kept quite  excessively high. The production costs are coming down to Fl. 20 per Pfund, while the cost for Platinum wire is hardly Fl. 200 per Pfund; until recently, most Russian {Pt} was coined.

Citation: Technologische Hand-Encyklopädie; Christoph Bernoulli (1850), p.154



https://www.e-rara.ch/zut/content/pageview/14154010?query=platina
 
In an 1851 ms., this 1847 platina data was based on an "old price" so an over-estimation.
Where 1 Zolotnik = 96 Dolyas ; 65.8239 English Grains Troy, 92 Zolotniks = 12.62 English Troy Ounces and 1 English Troy Pound = 1.095 Russian Funts. 18 Funt = 237 English Troy Ounces, so 18 Funts, 92 Zolotnik = 249.61 ozt.

1847 Platina Yield: 0.474 Poud = 18.9583 Funt = 249.61 Ozt. = 7.764 Kgs

For 1847, an erroneous estimated 'old Price' for platina (Ore, 75%) was 289.75 руб Kr./Kg. (or 4,746 руб Kr./Poud) :  Fr. 1,159, or ~Fr 1,635 for Fine Pt.


1834 ("old price?") : 1 Troy Ounce platina (ore) = 9.01 руб (Silver Roubles?)
1847: 1 Troy Oz. Platinum = 9. руб (Effective Roubles) = Fr 36.81
....~USD$ 6.94

1851: 1 Troy Oz. Platinum (intrinsic, mkt) = Fr 28.
1851: 1 Troy Oz. platina (ore) = 6.84 руб = Fr 27.58

Citation: Commentaries On the Productive Forces of Russia, Vol. 1;  Ludwik Tęgoborski (1855)







Citation: La Lumière électrique, Volume 42, p.164




1851:




1847 Gold Yield:

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