May 13, 2014

France, 1813

Spring (c. April) 1813: 

c. March 1813: 1 Troy Oz. Platinum (Wire/Sheet, Retail) = Fr 30.50
c. March 1813: 1 Troy Oz. Platinum (Mfg, Retail) = Fr 34.56

In einigen französischen Druck- und Färberei - Manufakturen soll mau sich zu den benadelten und fein gezeichneten Formen des Platinadrahtes bedienen. In dem Magazin des Hrn. Jeanetty in Paris sind zu diesem Behufe sowohl blech & draht, die unze zu 30 Franken zu haben.*

Available at Mr. Jeanetty's Paris storehouse in Paris are both sheet & wire, for Fr. 30. per Once.

Citation: Journal für Chemie und Physik, Vol. 9; Johann Salomo Christoph Schweigger (1812) p.112
 

June/July? 1813: 1 Troy Oz. Platinum (Wire/Sheet, Retail) = Fr 27.93?
July? 1813: 1 Troy Oz. Platinum (Mfg, Retail) = Fr 31.103


Citation: Annales de chimie ou Recueil de mémoires concernant la chimie et ..., Vol. 85; Antoine Lavoisier, Louis-Bernard Guyton de Morveau (1813) p.6



Janetty had a near monopoly, prior to a large importation in 1813:


Citation: Bulletin de la Société d'encouragement pour l'industrie nationale (1888) p.425





USA, 1815: US Coin

c.1815:
Bollman provided Philadelphia (and other USA?) chemists the Platinum Chloride Salt

 




To actually produce Platinum coinage, the US Mint at Philadelphia would have had to purchase bulk platina at market-rates.  For context, to produce a negligible 20,000 $1 Platinum Coins at the Experimental Coin's Weight would have required in 14,362 Ozt (446.72 Kgs) Platinum or ~ 638 Kgs of ~70% Ore.  To produce 40,000-80,000 $2.50 coins would have required 1,276 - 2,553 Kgs: an impossible quantity, given the actual Colombian yield.

(The Pattern was likely produced from useless residue on hand at no further cost/loss to the Mint, slag from Colombian Gold.  It is unknown how much Platinum accumulated at the US Mint, or what the secondary market was for however many ounces per year.)


1814: 1 Troy Ounce Platinum (Small Producer Cost, $15./lb avd) = $1.02857


1814: Intrinsic Value of the 1814 Pt Coin, Small Producer rate: $ 0.7386
1814: Intrinsic Value of the 1814 Pt Coin, $ 0. (Fr. ) 


Weight: 344.7 Grains Troy (0.718 Ozt ; 22.3362 Gr)
Specific gravity: 20.9
Diameter: 32.6 mm.


The 1860 intrinsic value shows:

1860: 1 Troy Oz. Platinum (Scrap: US Coin, intrinsic) = USD$ 7.66


Citation: A Description of Ancient and Modern Coins; United States Bureau of the Mint, James Ross Snowden (1860)






 Charles Link acquired the coin for $138,000 at the Heritage Auctions Chicago auction in August 2011




May 1, 2014

Russia, 1916



June, 1916: 1 Troy Oz. platina (Ural Spot: 83% Ore) = руб 128.33 ($ 39.14)
June, 1916: 1 Troy Oz. Pt (Ural Spot: .999) = руб 154.61 ($ 47.16)

June, 1916: 1 Troy Oz. Platinum (NYC: Ingot, .999) =  руб 256.16 ($ 78.13)
 

As reported 7/1916:

Citation: The Americas, Vol. 2 No. 12; National City Bank of New York



January 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 204.83 ($ 61.10)
January 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 246.78 ($ 73.61)

February 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 203.13 ($ 62.625)
February 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 244.74 ($ 75.45)
 
March 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 198.89 ($ 63.15)
March 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 239.62 ($ 76.08)
 
April 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 205.48 ($ 63.70)
April 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 247.57 ($ 76.75)
 
May 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 214.37 ($ 65.92)
May 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 258.28 ($ 79.42)

June 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 209.23 ($ 63.92)
June 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 252.09 ($ 77.01)

July 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 209.16 ($ 63.92)
July 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 252.0 ($ 77.01)

August 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 207.17 ($ 66.45)
August 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 249.60 ($ 80.06)
 
September 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 204.46 ($ 66.45)
September 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 246.34 ($ 80.06)
 
October 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 228.97 ($ 71.44)
October 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 275.87 ($ 86.07)
 
November 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 267.53 ($ 80.59)
November 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 322.33 ($ 97.10)

December 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 232.23 ($ 69.15)
December 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 279.80 ($ 83.31)









mmmmm