On Platina.: Germany, 1832

An identical price range might suggest republished data, but various queries from potential Platinum buyers in 1833 - and quite approximate quotes for Platinum stills in that year - probably indicate prices were accurate, rising, and not just 'advertising hype.'

This was not the first crash for manufactured Platinum prices, considering the introduction of Wollaston's product in 1805, and Cuoq & Courturier's expanded production in 1814. Much higher prices had preceded those events (in 1800, 1802, 1820-5) so wiser, experienced consumers might have known to wait and buy at lower prices later.

The demand for Platinum apparatus was just beginning, and 1832 may have marked the Low for manufactured bulk Platinum.

UK prices show a Low for 1831/2, also.

c.1832: 1 Troy Ounce platina (ore, Paris) = Fr 5. (USD$ 0.96)

1830: 1 Troy Oz. Platinum (mkt) = Fr 15.24 (USD$ 2.92)

1831: 1 Troy Oz. Platinum (mkt) = Fr 16.25 (USD$ 3.12)
1832: 1 Troy Oz. Platinum (mkt) = Fr 20.32 (USD$ 3.95)

1833: 1 Troy Oz. Platinum (mkt) = Fr 23.33 (USD$ 4.39)

1832: 1 Troy Oz. Platinum (refined) = Fr 22.35 (USD$ 4.21)

1832: 1 Troy Oz. Platinum (intrinsic) = Rthr 6.65 (USD$ 4.62)

c.1832: 1 Troy Oz. Platinum (re: Russian production) = Fr 24.57. (USD$ 4.75)

By 1832, Colombian platina rose again to an intrinsic price close to the Russian coin-rate (1832.) This was likely caused by increased demand from the USA, with the lifting of the 15% tariff on both platina & manufactured Platinum.

February, 1832: Platinum coinage had begun four years before this St. Petersbourg opinion.

Citation: Annuaire historique universel pour 1832 (1834) p. 174