December 18, 2013

Russia, 1857


1857: 1 Troy Oz platina (Cartagena: Choco ore) ~ Fr 21.77  (USD $ 4.25)


1859: 1 Troy Oz. platina (Cartagena: ore) = C$ 5.19 (S$ 4.15 ; USD$ 3.99)


 1857: 1 Troy Oz platina (SPb: 78.4% Ore) ~ 5.25 руб Kr. (Fr 20.57; USD $ 4.84)  
1857: 1 Troy Oz Platinum (SPb: Bulk, Scrap .95 Pt) = 6.687 руб Kr. 
.... (Fr 26.204; USD $ 6.17)  
1857: 1 Troy Oz Platinum (SPb: Scrap .900 Pt) = 7.04 руб Kr. 
.... (Fr 27.58; USD $ 6.49) 


Citation:  Platinmetalle von Heinrich Quiring (1962) p. 72
After technological attempts to exploit the recalled Platinum coinage from the State coffers had been abandoned - for a Russian industry for Platinum manufactures did not exist - in 1857 654.4 kilograms (of Platinum, as Scrap) were sold for 215 Roubles per kg to the Paris refinery of Desmoutis.  In 1862, Johnson, Matthey & Co. of London took a further 11,800 kg at the price of 199 Roubles per kg. With this large supply, the English company was able to secure a world monopoly of trade for many years.  Prices for Russian crude platina, the refined metal and other PGMs hereafter rose or  fell according to the English market.


In excess of the Ru Pt Yield (~25%?), Johnson & Matthey's import was probably a combination of Russian ore 75% @£ 0.728 and Russian Mint Scrap @£ 0.9707.  

UK, 1857: Platinum Import from Russia was 5,315 Ozt (165.3 Kgs)

1857 Platina Yield: 7.66 Poud = 306.46 Funt = 4,034.85 Ozt. = 125.5 Kgs
1857 Gold Yield: 1,623.67 Poud = 64,946.78 Funt = 855,097 Ozt. = 26,596.5 Kgs



7.1717 Poud Thlr 25,282

1857: 1 Troy Oz Platinum (SPb: Bulk, Scrap .95 Pt) = 6.2208 руб Kr.
 
Citation: Der Berggeist: Zeitung für Berg-, Hüttenwesen u. Industrie (1860) p.549



1857 Platina Yield: 7.72 Poud = 308.75 Funt = 4,065 Ozt. = 126.44 Kgs
1857 Gold Yield: 1,733.586 Poud = 69,3435 Funt = 912,984 Ozt. = 28,397 Kgs

Citation: The Journal of Industrial and Engineering Chemistry, Vol 10, 1918

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