July 27, 2011

Germany, 1829: Russia's Platinum Coinage Discussed

The Southern German and Austrian 10-Cruetzer weighed 3.89 grams (.583 Fine) and was 24 mm in diameter.  Combining Specific Gravities for Ag & Cu, 1 cc of Creutzer alloy should weigh 9.84 g.  Where 1 cc (Russian-refined, 1828) Platinum weighed 20.7 g, the imagined 2-Gulden(Fl.) piece ought to weigh ~9.3 g by this Summer 1829 estimation (excluding minting cost.)  In fact, the Platinum 3-Rouble weighed 10.35 g.

1829: 1 Troy Oz. Platinum (Hypothetical Coined Rate) ~ Fl 6.91
1829: 1 Troy Oz. Silver (Frankfurt market) = Fl 3.2262

As shown previously in Article X, the consideration of coining Platinum may come too soon.  It is not improbable that the Russian Platinum ducats will also go to Western Europe, but at first they will, like historic medallions, be eagerly bought.  For the time being it is not to be expected that platinum coins would be minted in Germany, as long as that Russian coin is good and of constant quality, and not be made more expensive than the raw metal by the minting costs.  Otherwise, there is a recommendation in the hardness as well as in the higher price; a 2 Gulden coin would, in platinum, not be bigger than a half Kopfstück**

1829: Presumably, a used Platinum battery was selling at a similar rate to the 1825 unit.

(Commissions -. Sale) (which was on June 21, 1826 confer a privilege to eight years) from the known platinum ignition of machinery mechanic Joseph Boschl in Wurzburg, is a parcel of tin-sale commission exists, and the prices of ("11 fl "and" 6 fl ") the right of dahi. - Also, incandescent - lamp to "1 fl 45 kr." and platinum sponge to "15 kr." the pieces are, namely, the maker exists.

Citation:Intelligenz-Blatt und wöchentlicher Anzeiger der königlich baierischen Stadt ... Augsburg (1829) p.457


In the 1850s, where Platinum cost $10./ozt and a Platinum Sponge $0.25, there were 40 pieces per ozt, hence 0.7776 g per piece.

March, 1829: 1 Troy Oz. Platinum (Sponge, semi-mfg) ~ Fl 10. (£ 1.05)
March, 1829: 1 Troy Oz. Platinum (Sponge, mfg) ~ Fl 15.20 (£ 1.60)
c.1850s USA

The Eagle was 247.5 fine grains of Gold; the Dollar 371.25 fine grains of Silver. At the stated values in Thaler, the intrinsic rate in English Troy Ounces is evident:

1828: 1 Troy Ounce Gold (US coin, in Gold Thaler) = Thl 26.23
1828: 1 Troy Oz. Silver (US coin, Silver coin rate) = Thl 1.86
1828: 1 Troy Oz. Silver =  Thlr 1.97
1828: 1 Troy Oz. Silver =  C.M. Thlr 1.77
1828: 1 Troy Oz. Silver =  C.M. Fl 
1828: 1 Troy Oz. Silver =  Rh Fl  

1828:  1 Troy Ounce Platinum (intrinsic rate, Frankfurt est.) ~ Thl 9.

At the apparent Cologne Marc weight (8 Unzen) for Gold, Silver and Platina, the Unze (= 29.2213 grammes  = 0.9395 English Troy Ounce)

The Platinum Rouble Rate, c. 1829:
c. Late 1828: 1 Troy Oz. Platinum (Silver Rouble Rate) = Thlr 10.27

Citation: Vollständiges handbuch der münzen, masse und gewicht aller länder der erde. ; Johann Friedrich Krüger ...By Johann Ludwig Klüber (1828) pp.

Where 1 Silver Rouble was 278.1 grains fine Silver the estimations for Rouble & Thaler follow

1 Troy Oz. Silver =  руб 1.73 (Silver Rouble Rate)
1 Troy Oz. Silver =  Thlr 1.97 (Silver Rouble Rate)
1 Troy Oz. Silver =  C.M. Thlr 1.76 (Silver Rouble Rate) 
1 Troy Oz. Silver =  C.M. Fl 2.66 (Silver Rouble Rate) 
1 Troy Oz. Silver =  Rh Fl 3.19 (Silver Rouble Rate) 

Citation: Jahrbücher der Geschichte und Staatskunst [afterw.] Jahrbücher der ... Ed. Karl Heinrich L. Pölitz (1830) p.36

No comments:

Post a Comment