Actual yield more than 100% higher than official
mmmm
In 1966, an ultra rarity numismatic item sold at 7.3x the Platinum Spot.
1965-6: 1 Troy Oz. Platinum (Bulk) = $100.
Duvivier Campo-Formio Medallion:
Diameter 3.5 cm
Weight: 2.50 Ozt, 77.76 g.
Weight: 2.35 Ozt, 73.1 g.
Citation: Catalogue
of the First Portion of Greek, Roman, and Foreign Medieval Coins and
medals collected during the last 50 years by the late Thomas Thomas
Esq., Sotheby & Co. Auction 7/8/1845
"a recent sale at Christie's (23 July 1965 or 1 March, 1966) ,
when Lord Margadale sold the coins and medals collected by his
grandfather, Alfred Morrison, there is no less interest in commemorative
medals of the past. Fig.3 for instance, a platinum medal dated the year
6 of the Revolution showing Napoleon as General-in-Chief of the army in
Italy and commemorating the peace in that year, made £ 650. {USD$ 233. - 231.73}
The artist is Duvivier. The reverse, the mounted conqueror crowned with
a laurel wreath by, I presume, Victory, is no doubt banal enough in its severe neo-classic manner; it is interesting though, that, according to the inscription, it is not the nation which is expressing its thanks, but "Les Sciences et Les Arts Reconnaissants..."
7/24/1965-3/1/1966: 1 Troy Oz. Platinum (Numismatic Rarity) = $ 725.45 - 729.29
Resrepo (1886) assumes the Colombian Gold Yield, converted from 21/24 to .999, should be be C$ 21.032/Ozt. Therefore, 122,995 Ozt./3,825.6 Kg @ C$676.20 in Fine Gold.
1882: Colombian Gold Yield, .999: 146,375 Ozt., USD$ 21.03/Ozt
1882: Colombian Gold Yield, .9167: 186,500 Ozt., USD$ 20.675/Ozt
Citation: Consular Reports: Commerce, manufactures, etc, Vol. 24, Issues 85-87
US statisticians estimated Colombia produced 186,538.6 Ozt Fine Gold in 1882, presumably an error (not factoring fineness as stated by the Colombia source.)
Citation: Congressional Serial Set (1886) "XXVI Worlds Production of Gold & Silver" p.256
In 1877-8, Mexico (re-)exported 24.09 Kilograms = 774.51 Ozt. platina ore for M$ 2,505.88: per Kilogram (32.15 Ozt) M$ 104. (C$ 95.68)
1877/8: 1 Troy Ounce platina (Ore, imported) = M$ 3.2355 (USD$ 3.23)
1877/8: 1 Ozt. Pt (~75% Ore, imp.@ .999) ~ M$ 4.31 (USD$ 4.31)
1877-8: Platina (re-)export to USA,
1879: 1 Troy Oz. Platinum (Mfg, Bulk) = ℳ 27.99 (USD$ 6.68)
Citation: Die Chemische Industrie, 1892 Vol. 15 (1892) p.70
Citation: Die Chemische Industrie, 1892 Vol. 15 (1892) p.70
The Double Louis officially weighed 15.297 g. (236 English Grains Troy, 1.376 m.) @.900 Fine, 212.46 grains Fine Gold.
Citation: Traité des monnaies d'or et d'argent qui circulent chez les différents peuples...; Pierre-Frédéric Bonneville
c.1829:
c.1844: 236 grains =15.293 g.; 212.3 grains = 13.757 g. Fine Gold
Citation: Bankers' Magazine, Journal of the Money Market..., Vol. 1-2 (1845)
c.1834: Actual Circulated Coin 232 grains =15.03 g.; ~209 grains = 13.528 g. Fine Gold
In ~45 years, the standard Double Louis in circulation lost 4.1 grains.
Although finer examples weigh 15.29, this Double-Louis dated 1786 reportedly weighed 15.31 g. (236.27 grains), showing wear.
Platinum Counterfeit, without gilding: stated as 15.13 g. (0.48644 Ozt) Diameter: 28.5 mm
Counterfeit Double Louis Gold Coins (c. "1787"):
{After December 1801} To start a new job, {Louis} Sénot bought {Francois}Roy two lots or forty-two marcs platina
ore, which he gave to {Pierre-Joseph} Brasseur. At the latter's abode,
they formed planchets, which were struck at Passy, and produced 350 Double Louis. In March thru June 1802, {Aubin} Quartier sold them to Vigie,who passed on to Dumont and Poulareau.
Citation: Recueil des causes célèbres, et des arrêts qui les ont décidées, Vol. 4, Door Maurice Méjan
Where the Paris Marc (0.24475 Kg) = 7.86889533 Ozt., 42 Marcs = 10.28 Kg or ~330.5 Ozt.
Assuming Abraham L. Breuget purchased and re-sold better quality platina, 75% Pt purity, 42 Marcs should have produced ~248 Ozt Fine Pt. ; 80% Pt produced ~278 Ozt.
In Gold-alloy, 350 Double-Louis weighed true at ~172.1 Ozt, with 155. Ozt Fine Au. However, 1801 manufactured counterfeits of 14+ year old (1788) coins should have appeared neither suspiciously new nor full weight; average weight for 350 1788 Double Louis might be 170.64 Ozt, ~153.6 Ozt.
The
first stage of the operation (refining) appears grossly inefficient,
unless the platina was of exceedingly very poor grade (~47% Pt.)
Alternately, ~60 - 76 Ozt otherwise remained or 'disappeared' (sold as
scrap to market, unaccounted for in the criminal report.) Another theory makes sense: Sénot
agreed to refine the platina for Breuget, providing the Paris
watch-maker with about half the Fine Platinum (~143 Ozt, or 9 Livres) at no cost a month or so later.
The
coins were discounted at least 10.42% below nominal value and perhaps
significantly below market value for true Double-Louis at the time.
Unknown,
the cost of the platina and the expense for the manufacture of blanks
would establish the profitability of the enterprise.
If 330.5 Ozt platina ~ 155 Ozt = Fr. 15,050 - 16,800,
By reasonable timeline,
In 5-6 months, three counterfeiters refined and produced 350 Platinum-Gold coins.
1 coin per day?
Paris Counterfeiters purchase massive quantities: ~2,408 Ozt total: at 70% Pt ~ 1,685 Ozt.
QUARTIER purchased an additional 300 Marcs from England, plus 6 Marcs from Janetty (late 1802?) at unknown price.
p.355
282 Single Louis d'or = ~62.44 Ozt Pt
"These pieces are made of platinum covered with gold, of which they contain three francs worth at the very best."
Fine Gold = 0.86 g., 13.3 Grains
1801: 1 Troy Ounce Platinum (Coined, Counterfeit Fr.) = Fr. 97.084 - 108.3725
Les
premiers faux double Louis de 48 livres en platine doré seront
découverts dans un atelier clandestin de la Creuse fin 1804. Pourtant,
un autre rapport du 4 avril 1805, indique que les premières fausses
monnaies en platine semblent être des Louis de 24 livres, fabriqués par
un certain Miot et par un Orfèvre de Troyes nommé Guérin. (?)
The
first dual fake Louis 48 pounds in gold plate will be discovered in a
sweatshop Creuse end of 1804. Yet another report of April 4, 1805,
indicates that the first fake currencies platinum seem to be Louis 24
books, produced by a Miot and a goldsmith named Troyes Guerin. (?)
See also:
Numismatique & Change, "Mystère autour du faux double louis en platine 1787 BB" : 65 (43), 70 (24).
Platine. 15,11 g. 28,5 mm.
This copy is a fake Double Louis in gilded platinum, see note 117) F. Droulers in his Encyclopédie,
tome III, p.149 and an article of the same Numismatique et Change in
October 2000 that indicate these Double Louis would have been made
during the Restoration. The same author had already studied these fake
Louis in platinum from Strasbourg and Orleans in Numismatique et Change
of July 1978 et dans le BSFN of January 1979. Technically, the striking
of counterfeits could only have occurred only from the Empire Period.
Errors are detected, the date in 1787 when Strasbourg was closed; as for
Orléans the workshop was not allowed to strike gold and the different
use on counterfeits only appeared in 1788. This beautiful specimen is
struck with edges made very property. Even wear indicates average circulation. Interesting example.
1009. ROYALE FRANCE
, Louis XVI (1774-1793), Double Louis d'or with bare head, BB 1787,
Strasbourg. Contemporary counterfeit in gilded Platinum. Right: Bare
head left, long hair. Different: heart (Jean-Louis Beyerle). Reverse:
Multiple ecus of France and Navarre under a crown. Different: Toothed
Edge (John Guerin). Ref .: Dupl 1706 var.; Ci, 2182 var.; Gad. 363; Dr.,
614 (listed only 6 copies). 15,27 g. Extremely Rare. Flawed planchet
and the assayer's test on the edge.
Counterfeit Double Louis "1788" (but produced at an unknown date):
Where the 1785-91
Double Louis weighed 15.2970 Grams with a Specific Gravity ~18.7, the
False Double Louis should have had a Specific Gravity of ~15.35.
The False Double Louis had ~ 4 Grams
.999 Au and 11.2 Grams .98 Pt. Silver was presumably some part of the
solder, an unknown alloy. Aqua regia would rapidly dissolve Copper and
and because the dissolution had a greenish tint, Copper was quite
possibly omitted from the analysis, in error.
Factoring alloy-solder (90% Au, 8.34% Cu, 16.67% Ag) with Fine Gold, it seems about 1.5 grains Troy were lost and the full solder weight
should have been 1.21 Grams: about 7.8% of the circulated counterfeit's
absolute weight. Deducting also the Platinum planchet (11.2 g), the
Fine Gold gilding (shell) then appears to have been 3 g.
Two problems arise: what was the presumed loss of
Copper, and what was the 'wear rate' (to calculate the original total
weight) ?
Assuming
the Double Louis should weigh 15.297 at full Mint weight new, and a
constant wear-rate, the ordinary Double Louis in 1835 weighing 15.25 g
had lost 1.5 mg or ~0.02315 Grain Troy per 5 years. Assuming the rarity
of an intact counterfeit implied a circulation rate half the norm, full
weight of the counterfeit may have been as high as 15.471 g.
Given the gilding weight remaining, the intact
shell should have weighed 3.3%, in the correct alloy proportion with
French coin in 1788. (Copper Loss: 0.3 g.)
The
coin was 0.13 cm thick and the circumference was 7.288 cm, so the 'area
of the circumference' (approximate value of the edge) was 0.94744 cm2. The diameter was unstated but correct at 23.2 mm, so the area was 5.3824 cm2 per face. The entire surface should have 11.715 cm2 of Fine Gold, factoring minor wear.
ANALYSE DE FAUX DOUBLE-LOUIS EN PLATINE PLAQUES D'OR.
Les
faux double louis sur lesquels nous avons expérimenté nous ont été
remis par un changeur du Palais-Royal qui désirait connaître quelle
était la proportion exacte d'or qu'ils contenaient.
Ces
faux louis, au millésime de 1788, paraissent avoir été fabriqués avec
une lame de platine plaquée d'or sur ses deux faces , et qui aurait été
ensuite frappée. Leur épaisseur était de 0,0013 ; leur densité à +10 = 20.135.
Leur
poids absolu était un peu plus fort que celui des double-louis
ordinaires , car un de ces faux louis pesait 15.450, au lieu de 15.250
que pèse le double louis ordinaire.
Un
de ces faux louis , brisé en quatre morceaux , a été traité à l'aide
d'une douce chaleur, par un mélange de trois parties d'acide
hydrochlorique et d'une partie d'acide nitrique étendu du quart de son
poids d'eau; au bout de dix minutes environ, tout l'or qui était à la
surface des morceaux de platine avait été dissous; on a décanté la
liqueur, qui avait une belle couleur jaune orangé, et on a lavé à l'eau
distillée les morceaux de platine, qui avaient alors une belle couleur
blanche argentine et portaient encore l'empreinte des reliefs qui
existaient sur la pièce.
La
dissolution a été étendue d'eau pour recueillir un précipité blanc
floconneux qui s'y était formé parle refroidissement. Ce précipité a été
reconnu pour du chlorure d'argent qu'on a aisément réduit au chalumeau
avec un peu de carbonate de soude. Le globule d'argent obtenu et séparé
de la scorie pesait = 0,201.
Après
avoir séparé le chlorure d'argent, on a projeté peu à peu dans la
dissolution du protosulfute de fer pulvérisé jusqu'à ce que la liqueur
cessât de se troubler, il s'est formé un précipité brun verdâtre d'or
très-divisé qui a été recueilli par décantation, lavé d'abord à l'eau
acidulée par l'acide hydrochlorique et ensuite à l'eau chaude; ce
précipité d'or, séché et calciné au rouge, a pris la couleur de l'or
mat; son poids était de 4,050.
La
petite quantité de platine qui a été dissoute en même temps que l'or
par l'eau régale, a été isolée en concentrant la liqueur d'où ce dernier
métal avait été précipité, et en y ajoutant une solution saturée
d'hydrochlorate d'ammoniaque.
Le précipité d'hydrochlorate de platine et d'ammoniaque recueilli et
lavé à l'eau alcoolisée a fourni par la calcination 0,56 de mousse de
platine qu'on a réunie aux morceaux de platine restés insolubles dans
l'eau régale.
Il résulte des essais entrepris sur ces faux doublelouif, qu'ils sont formés de:
La
petite quantité d'argent que contiennent ces fausses pièces de monnaie
a-t-elle été introduite pour souder l'or au platine? ou bien
existait-elle dans l'or qu'on a employé pour les fabriquer? C'est ce
qu'il n'est pas possible de décider positivement; cependant, comme on
n'a trouvé aucun autre métal servant d'intermède comme on n'a trouvé
aucun autre métal servant d'intermède à l'union de ces deux métaux, nous
serions assez disposé à admettre la première hypothèse.
J. S. Lassaigne
ANALYSIS OF FALSE DOUBLE-LOUIS IN PLATINUM, PLATED WITH GOLD .
The
fake Double Louis on which we have experimented were given to us by a
Palais-Royal money changer who wanted to know the exact proportion of
gold they contained.
These
fake Louis, dated to 1788, appear to have been made of a platinum
lamina heavily plated with gold on both sides which was then struck.
Their thickness was 1.3 mm; density at +10 = 20.135.
Their
total weight was a bit heavier than the ordinary Double Louis, because
one of those fake Louis weighed 15.450 instead of 15.250, the weight of a
typical Double Louis.
One of
these fake Louis, broken into four pieces, was treated with a gentle
heat, with a mixture of three parts hydrochloric acid and nitric acid
portion extended a quarter of its weight water; after about ten minutes,
all the gold that had been on the of the surface of the platinum pieces
had been dissolved; the liquid was decanted, which had a strong
orange-yellow color, and the platinum pieces, after washing with
distilled water, then had a fine silver-white color which still bore the
relief imprints of that had existed on the coin.
Dissolution
had been diluted with water to collect a flaky white precipitate which
had formed on the so-called cooling. This precipitate was recognized for
Silver Chloride that was easily reduced by blowtorch with a small
amount of Sodium Carbonate. The globule of silver obtained and separated
from the slag weighed = 0.201 g.
After
having separated the Silver Chloride, powdered iron protosulfute was
gradually added to the liquification until the liquid stopped bubbling, a
greenish-brown precipitate of finely divided gold formed which was collected
by decantation, washed first with water acidified by hydrochloric acid
and then and then by hot water; this gold precipitate, dried and
calcined to a red heat, took the color of dull gold; its weight was
4.050 g.
The small amount of Platinum which had been dissolved
together with the Gold by aqua regia was isolated by concentrating the
liquid in which the latter metal was precipitated by adding a saturated
solution of Ammonia Hydrochlorate. The precipitate of Platinum
Hydrochlorate and Muriate of Ammonia was collected and washed in
alcoholic water, allowed for the calcination of 0.56 g. of Platinum
sponge joined to the remaining pieces of Platinum insoluble in aqua
regia.
The result of the tests undertaken on these fake Double Louis produce:
Gold ................... 4.050 g.
Silver ................. 0.201 g.
Platinum ........... 11.200 g.
15.451 g.
Was
the small amount of Silver that these counterfeit coins contain
introduced to solder the gold to the platinum? Or did it come from the
gold that used to make them? That's what it is not possible to decide
positively; however, as we found no other metal serving as an
intermediary to the union of these two metals, we would be quite willing
to admit the first hypothesis.
Jean-Louis
Lassaigne (had worked in the laboratory under Louis Nicolas Vauquelin,
by the early 1830s a leading chemist in Paris.)
Citation: Journal de chimie médicale, de pharmacie et de toxicologie..., Vol. 1 (1835)
Of the "Trésor de Calavados" discovered in Caen, 1997 a false Louis (Gold gilded Platinum) weighed 7.64 g.