December 12, 2011

Germany, 1809

At a period when Napoleon's army invaded Germany, the currency price of precious metals varied - at a premium, in times of war.   Nor is it clear when refined Platinum was sold cheaply, as some contemporary French writers warned the purported article was in fact SILVER.   After Jeannetty (1800-1813), the Platinum trade of particular mention by German contemporaries  include both Wollaston's  agent in London, Wm. Carey (1805) and Bréant in Paris (1813-19.)  Presumably, both offered competitive rates.

For lack of reference, it may be presumed there were no significant German producers until 1828.  Prior to that date, manufactured Platinum sold in Germany or Austria was imported.

1800: 1 Troy Ounce Platinum = Wien. Fl. 16. (Fr. 42.31)
1809: 1 Troy Oz. Platinum (bulk, producer) = Fr 27.43 (USD$ 6.43)
1809: 1 Troy Oz. Platinum (pure, producer) = Fr 36.57 (USD$ 8.58)
1809: 1 Troy Oz. Platinum (scrap, Buyer's Price) = Fr 15.24 (USD$ 3.57)

"Der preis der platina ist bisher noch nicht fixirt gewesen, weil man von diesem herrlichen metalle noch zu wenig gebrauch machte; man hat es es daher bald theuer wie Gold, bald wohlfeil verkauft."

"the price of platina has not yet been fixed, because too little use was made of this magnificent metal; so then it's erratically dear as gold, soon to be sold cheaply." 

Citation: Oekonomische Encyclopaedie oder allgemeines System der Staats- Stadt- Haus ... ;  Johann Georg Kruenitz, Floerke (1810) p. 391

Where the Gold Price was (19.16 = @ 202.758 Rthlr.)

1809: 1 Troy Ounce Gold = 10.582 Rthlr.

Where the Gold Price was (29 Marks x 19.16 = 555.64 Troy Ounces @ 5,880 Rthlr. Preus. Cour.)  

1809: 1 Troy Ounce Gold = 10.582 Rthlr Cour.

Where the Gold Price was (19.16 @ 236.6 C.M.)  

1809: 1 Troy Ounce Gold, coined = 12.348 Fl. C.M.


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