March 10, 2014

Colombia, 1845

The value of Gold coin exported from Colombia in 1845 was at least 45x greater than platina.  In coin, the value of Gold was 20.91x greater than Platinum (Pt was ~4.78% Au export in 1845) and the value of Fine Au to to Pt was 1:3.99.

Where C$ 136 = 1 Marco coined = 7.395 Ozt, C$ 1,245,391 = 50,416 Ozt Fine Gold in coin, exported.  Where  540.5 Libras = 7,994 Ozt, C$ 27,633.65 = 5,996 Ozt Fine Platinum.

In Silver, the 1845 price of 1 Libra Colombian platina was C$ 55.312 (USD$ )

1845: 1 Troy Ounce Gold (Fine, -16%) = C$ 15.45
1845: 1 Troy Ounce Gold (Coin) = C$ 18.391
1845: 1 Troy Oz Gold (Coin @ .999) = C$ 24.70
1845: 1 Troy Oz. platina (ore, 75%) = C$ 3.457 
1845: 1 Troy Oz. Pt (Colombian ore, .999) = C$ 4.61
 





Insurance on Shipping platina from Colombia was 1.125%


c.1840? : Italian Bonolli exported a large quantity to Europe, depresses price



Citation: The Republic of Colombia: An Account of the Country, Etc...  Francis Loraine Petre (1906)

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