Colombia, 1864

Given the unknown trade-price realized by merchant cartels on credit terms, the Spot-Price at Chocó and elsewhere for precious metals is unrecorded.

In 1858, the Cartagena Spot-Price Ratio (Au/Pt) was 1: 3906.  Assuming this ratio six years later, the importer's cost and duty was ~28% higher.

1864: 1 Troy Ounce platina (Colombia: Spot-price) = £ 0.8549

1864: 1 Troy Ounce platina (Caribbean: UK tariffed) = £ 1.0923

Citation : Ure's dictionary of arts, manufactures and mines, Vol. 3 (1867) p.443


Where the libra of 100 castellanos was estimated at £ 50.,

1864: 1 Troy Oz. Gold (Colombia: Spot-price, Spot .91633 Fine) = £ 3.3396
1864: 1 Troy Oz. Gold (Colombia: Spot-price, .9999) = £ 3.4848

Citation: East India (chinchona plant). House of Commons (1864)



Voyage from Liverpool UK to Santa Martha Colombia: ~24 days
Transport of Goods to Medellin Antioquia: ~90 - 120 Days
Voyage from Santa Martha Colombia to Liverpool UK: ~25 days

 

1864/5;