January 28, 2014

January 16, 2014

Spain, 1808


Citation: Platina española para Europa en el siglo XVIII, LF Capitan Vallvey (1994) 
 
"The French invasion of 1808 causes the destruction of Madrid's Casa de Platina, the disappearance of all the metal stored there, and independence of New Granada a few years later (in 1819) leaving Spain without possession of the platina mines." 




1793

Jeannetty was paid L.T. 10.542/Ozt sometime around 1793.  Assuming his platina was 70% Pt and without calculating refining cost, 

c. 1793: 1 Troy Ounce platina (Est. 70% ore) = L.T. 10.542
c. 1793: 1 Troy Oz. Pt (.999 Ore) ~ L.T. 15.06
1793: 1 Troy Oz. Pt (Paris Labor, 1789) = L.T. 30.47 (S$ 7.92)
1793: 1 Troy Oz. Platinum (Paris First Base Cost) = L.T. 45.53 (S$ 11.83)

Although this may have been intercepted Spanish cargo (or ~two strong-boxes) of platina, it is more likely ore requested from and paid to the Casa de Platina directly @ ~3 Reals per Onza, a wholesale import European price.

 The 1795 Paris price was known to be L.T. 81.4034 ; Janetty's higher price appears to be retail.

25/5/1793 : 226.375 Marcs = 1,781.345 Ozt (55.406 Kgs.) ∴ 

Where 1 Paris Marc cost L.T. 12 (S$ 3.12) apparently from the Spanish Crown, 
226.375 Marcs (120.4425 Libras) cost L.T. 2,716.50 (5,646.76 Reales), so 
1 Libra cost 46.88 Reales (S$ 5.86 ; L.T. 22.55), or at the Spanish Onza (0.9243 Ozt), 
1 Onza cost S$ 0.3663 (2.93 Reales) x 1,927 Onzas = S$ 705.84

1793: 2.93 Reales/Onza = 46.88 Reales/Libra = S$ 5.86 at Madrid delivered to Paris.

May 1793: 1 Troy Ounce platina (Spanish Crown) = L.T. 1.525 (S$ 0.40, R. 3.17)
1793: 1 Troy Oz. Pt (Spanish Whols., intrinsic ) = L.T. 2.1785 (S$ 0.57)
1793: 1 Troy Oz. Pt (Paris Labor, 1789) = L.T. 30.47 (S$ 7.92)
1793: 1 Troy Oz. Platinum (Paris Cost) = L.T. 32.65 (S$ 8.48)

 
Citation: Oeuvres, Vol. 6; Antoine Laurent Lavoisier, France. Ministère de l'éducation nationale (18  ) p.679















 

1790

 Although not specified as such, Priestly's price-weight is entirely consistent with platina ore at avirdupois.  Where 8 ounces avd = 7.292 English Troy Ounces,

"Richard Knight and His Production of Malleable Platinum"(PMR Vol. 29, #1, 1985; p. 30)

Priestley was also sufficiently interested in platinum to purchase a modest amount; his claim for compensation after the destruction of his house and laboratory on July 14, 1791 includes the item “Half a pound of platinum £ 2 8 s. 0 d.”

c.1790/1: 1 Troy Ounce of platina (ore) = £0.33



c.1790: 1 Troy Ounce Platinum (mfg) ~ Fr 105 (USD$ )

Citation: Naturgeschichte und Technologie: für Lehrer in Schulen und für Liebhaber ...;Carl Philipp Funke (1792 ) p.673
 


"The price {of Platinum manufactures} is slightly lower than works in gold."


"Platina Gefässe in Paris von Jeanty billig zu kaufen"

You unquestionably have long known that some excellent chemical artist edit the Platina as other metals, even found time not so long ago: but that work had been so multiplied darinn now, you would think no. Meanwhile, I can still assure you that at Janety - of against very cheap prices includes snuff-boxes, watch chains, spoon, toothpick boxes, Löhtröhrchen, and everything you could want from a similar work only wishes and orders, (Marchand Orfevre, Rue de l'Arbre Sec) pure platinum, extremely clean and tastefully worked once can get. The Preiss of commodities depends, like, gold and silver, according to the severity and type.


c. 1917 anecdote. A full-weight 1789 2-Escudo weighs 6.76 g., .8985 Fine Au



The Specific Gravity for an older true 2-Escudo should have been 17.655, or 17.18 for a coin just .875 Fine Au.  Also, given the loss of weight from wear, the original Platinum forgery 'new' likewise should have had a Specific Gravity ~19. At this SG, the counterfeit would likely have been approx. 5% Au (Surface), 90% Pt and 5% Cu




January 15, 2014

January 14, 2014

France, 1801


1793: 1 Troy Oz. Platinum (Paris First Base Cost) = L.T. 45.53 (S$ 11.83)

Fall 1795 - Fall 1801: 1 Troy Oz. Pt (Mfg Cost, Estimate) = Fr. 15.2361 / 15.238

Fall 1795 - Fall 1801: 1 Troy Oz. Pt (Mfg: Actual Cost) = Fr. 31.102
 
The total weight of the final delivered Platinum product (4 Meters, 4 Kilograms) should have been ~416.603 Ozt (~12.96 Kgs) ; the weight of Kilogram known, the Meter is presumed 72 Ozt. 

Jannetti was actually paid Fr. 12,922.10 for the eight (8) items.

1.The first Meter & Kilogram required 136.846 Ozt Platinum (Assume: for the Metre ~92.25 Ozt, for the Kilogram 44.6 Ozt) (~28.13% wastage on the Meter; ~38.72% wastage on Kg.)
2. Second Meter required 90.08 Ozt (~25.11% wastage on 2nd Meter)
3. The first Meter was reworked, + 8.861 Ozt (~40.43% wastage on 1st Meter
4. Second Kilogram required ~36.92 Ozt (~14.83% wastage)
5. Third Kilogram required ~37.90 Ozt (~17.89% wastage)
6. Third Meter required 85.406 Ozt (~18.62% wastage)
7. A Kilogram was reworked, ~44.303 Ozt (~37.8% wastage)
8. Fourth Meter required 80.85 Ozt (~12.3% wastage)

Citation: Annales de chimie et de physique, 1882
 







c.1799: by fusing with metallic arsenic, Jeannetty's Platinum was probably ~1% metallic Arsenic, 7.2% Iridium and 91.8% Platinum or 1.10% As, 13.8% Ir and 85.10% Pt

 



1801: 1 Troy Oz. platina (Estimated: Cartagena Mkt) ~ Fr. 2.37
1801: 1 Troy Oz. platina (Estimated: Jamaica Mkt, 25% higher) ~ Fr. 2.95
 

1796

The French Government requested and presumably paid the 1795 Spanish Crown rate for 115 Kgs (3,697 Ozt.) @ S$ 0.541 (L.T. 2.069) per Ozt: S$ 8,000 or L.T. 30,602.50

1796: 1 Kilogram platina (~70% ore, wholesale) = L.T. 266.1085 
1796: 1 Kg. Pt (.999, whols) =L.T. 380.1551 = 7.92 Double Louis= 3.508 Ozt .999 Au
1796: 1 Kg. Pt (Labor) =32.686 Once* L.T. 45.= L.T. 1,471= 30.64 D.-L. = 13.57 Ozt .999 Au
1796: 1 Kg. Platinum (Producer's Price, Retail) = L.T. 1,851 = 17.08 Ozt .999 Au  

 
Aerometer, Fr 18.

c.1796:
 

Platina noted in Hispanola, July 1796:


At the 1896 average Gold Price (USD$ 20.70) 1 Kg. "1796 Pt" cost USD$ 665.52 ;
the 1896 average Platinum Price was USD$ 500.
 
At the 1996 average Gold Price (USD$ 387.88) 1 Kg. "1796 Pt" cost USD$ 6,625. ;
the 1996 average Platinum Price was USD$ $ 12,768.

At the 2006 avg. Au Price (USD$ 601.) 1 Kg. "1796 Pt" cost USD$ 10,265.;
the 2006 average Platinum Price was USD$ $ 36,726.

At the 2009-13 avg. Au Price (USD$ 1,369.) 1 Kg. "1796 Pt" cost USD$ 44,015.;
the 2009-13 average Platinum Price was ~USD$ 48,693.50