July 1, 2010

France, 1836: Platinum Price Drops, 1826-35

1836: 1 Troy Oz. Platinum (London: Semi-Mfg, Retail)  = Fr 30.72 (£ 1.20)

In 1835, the official price of Platinum and many manufactured goods was far above the market price: Platinum (Fr 24./oz.) was worth one-third it's official rate (Fr 93./oz) in 1826.

It's not at all clear the tariffed 'official rate' was ever the market price; that rate is probably superfluous to the price history.

1836: 1 Troy Ounce Platinum (Intrinsic) ~ Fr 24.88 (USD$ 4.69)
1836: 1 Troy Oz. Palladium (mkt) ~ Fr 248.83 (USD$ 46.95) 
 
Citation: Le Magasin pittoresque, Vol. 4 (1836) p. 165  



1835: 1 Troy Ounce Platinum  = Fr 29.55 - 31.10 (USD$ 5.65 - 5.94)

Citation: Revue mensuelle d'économie politique, Volumes 4-5  Ed. Théodore Fix (1835), pp. 441-3

c.1833: The Russian labor rate was Fr 1.80 (USD$ 0.34) but the quality of SPB ingots was poor and required secondary refinement.


Importation, 1836:

Citation: Dictionnaire du commerce et des marchandises, Vol. 2;  Antoine Andraud (1852) p.1207



Citation: Allgemeines Organ für Handel und Gewerbe und damit verwandte ..., Vol. 2 (1836) p.210

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