DSQ
Assuming estimated total PM yield was consistent (16.0408% platina), the Total Colombian Platina Yield was 1,067.5 Libras (taxed) + 1,067.5 Libras (untaxed) = 2,135 Libras.
1845: Where 1,067.50 Libras (= 15,755.33 Ozt.) x C$40./Libra = C$42,700., so
1845: 1 Troy Oz. Pt (Local Spot: Colombian ore, .999) = C$ 2.71
1845: 1 Ozt. Au (Colombian ore, .999) = C$ 16.09178
Industria.—... Apesar del mal estado del ramo i de la imperfeccion de los trabajos, la produccion ha sido en el último año de 941 libras 3 castellanos 6 tomines de oro i de 1,067.50 libras de platina, que al precio actual de 237 pesos 4 reales el oro, i de 40 pesos la platina, hacen la cantidad de 266.195 pesos 1 reales. Agregándose la estraccion clandestina del oro, cuyo minimum se calcula prudencialmente en el diplo de la cantidad espresada, i la de la platina, para la que no es forzoso ni jeneral sacar guia; puede asegurarse que realmente hai una produccion anual de 532.390 pesos 2.5 reales. Con el objeto de fomentar la mineria indica el Gobernadora la Cámara la conveniencia de que solicite de la Lejislatura algunas esenciones, como la de la conscripcion para el ejèrcito a todos los individuos que se dediquen a esta profesion, i la de con los empresilures se concierten precisamente El comercio con el estranjero ha aeca … siderablemente por la preferencia que se ha dado al transito por Panamá para las introducciones al Cauca por el puerto de Buenaventura; pero el Gobernador abriga la esperanza de que, abierto el camino de Tamanà i compuesto el del Istmo de San Pablo hasta la boca de la quebrada de Rapadura, vuelva el comercio al pie floreciente que àntes tenia.
Despite the poor state of the branch and the imperfection of the works, the production has been in the last year of 941.0375 Libras of Gold, and 1,067.50 Libras of platina, that at the current gold price of C$237.50/Libra, and of C$40/Libra for platina, amounts to C$ 266,195.125. Adding the clandestine extraction of gold, whose minimum is calculated prudentially in the amount of the expressed quantity, and that of the platina, for which it is not necessary nor general to draw a guide; you can make sure that there really is an annual production of C$532,390.3125. In order to promote mining the Governor indicates the convenience of requesting from the Legislature some exemptions, such as the conscription for the army to all the individuals who dedicate themselves to this profession, and that of the entrepreneurs Precisely Trade with the foreigner has taken place ... considerably due to the preference that has been given to transit through Panama for introductions to Cauca through the port of Buenaventura; but the Governor hopes that, open the path of Tamanà and composed that of the Isthmus of San Pablo until the mouth of the ravine of Rapadura, return the trade to the flowering foot that before had.
Citation: Gaceta oficial, (1/25/1846) Issue 778 Trm. 58:
1845/6: Where 744.55 Libras (= 10,988.88 Ozt.) x C$ 50./Libra = C$37,227.50, so
1845/6: 1 Troy Oz. Pt (Black Mkt Export: Colombian ore, .999) ~ C$ 3.39
1845/6: 1 Ozt. Au (Colombian ore, .999) = C$ 16.092
Industria y comercio—La industria progresa; {July 1845-June 1846} ... Se han fundido en las respectivas oficinas 1,032 libras 58 castellanos 5 tomines de oro, que valen, segun lo calcula el Gobernador, 245,239 pesos, 1.75 reales, calculando tambien que alcanza á doble cantidad el extraido furtivamente para el extranjero, de manera que se hn sacado del pais, por contrabando, mui cerca de medio millon de pesos en oro, indemas el valor de 744 libras 55 castellanos de platina, que se estima en cincuenta pesos cada libra.
The industry progresses; ... They have melted in the respective offices 1,032.58125 Libras of gold, that are worth, according to calculates the Governor, C$ 245,239.21875, calculating also that it reaches to double quantity the extracted furtively for the foreigner, so that have been taken out of the country, for contraband, very close to half a million pesos in gold, indems the value of 744.55 Libras of platina, estimated at C$ 50./ per Libra.
Assuming estimated total PM yield was consistent (16.0408% platina), the Total Colombian Platina Yield was 1,067.5 Libras (taxed) + 1,067.5 Libras (untaxed) = 2,135 Libras.
1845: Where 1,067.50 Libras (= 15,755.33 Ozt.) x C$40./Libra = C$42,700., so
1845: 1 Troy Oz. Pt (Local Spot: Colombian ore, .999) = C$ 2.71
1845: 1 Ozt. Au (Colombian ore, .999) = C$ 16.09178
Industria.—... Apesar del mal estado del ramo i de la imperfeccion de los trabajos, la produccion ha sido en el último año de 941 libras 3 castellanos 6 tomines de oro i de 1,067.50 libras de platina, que al precio actual de 237 pesos 4 reales el oro, i de 40 pesos la platina, hacen la cantidad de 266.195 pesos 1 reales. Agregándose la estraccion clandestina del oro, cuyo minimum se calcula prudencialmente en el diplo de la cantidad espresada, i la de la platina, para la que no es forzoso ni jeneral sacar guia; puede asegurarse que realmente hai una produccion anual de 532.390 pesos 2.5 reales. Con el objeto de fomentar la mineria indica el Gobernadora la Cámara la conveniencia de que solicite de la Lejislatura algunas esenciones, como la de la conscripcion para el ejèrcito a todos los individuos que se dediquen a esta profesion, i la de con los empresilures se concierten precisamente El comercio con el estranjero ha aeca … siderablemente por la preferencia que se ha dado al transito por Panamá para las introducciones al Cauca por el puerto de Buenaventura; pero el Gobernador abriga la esperanza de que, abierto el camino de Tamanà i compuesto el del Istmo de San Pablo hasta la boca de la quebrada de Rapadura, vuelva el comercio al pie floreciente que àntes tenia.
Despite the poor state of the branch and the imperfection of the works, the production has been in the last year of 941.0375 Libras of Gold, and 1,067.50 Libras of platina, that at the current gold price of C$237.50/Libra, and of C$40/Libra for platina, amounts to C$ 266,195.125. Adding the clandestine extraction of gold, whose minimum is calculated prudentially in the amount of the expressed quantity, and that of the platina, for which it is not necessary nor general to draw a guide; you can make sure that there really is an annual production of C$532,390.3125. In order to promote mining the Governor indicates the convenience of requesting from the Legislature some exemptions, such as the conscription for the army to all the individuals who dedicate themselves to this profession, and that of the entrepreneurs Precisely Trade with the foreigner has taken place ... considerably due to the preference that has been given to transit through Panama for introductions to Cauca through the port of Buenaventura; but the Governor hopes that, open the path of Tamanà and composed that of the Isthmus of San Pablo until the mouth of the ravine of Rapadura, return the trade to the flowering foot that before had.
Citation: Gaceta oficial, (1/25/1846) Issue 778 Trm. 58:
1845/6: Where 744.55 Libras (= 10,988.88 Ozt.) x C$ 50./Libra = C$37,227.50, so
1845/6: 1 Troy Oz. Pt (Black Mkt Export: Colombian ore, .999) ~ C$ 3.39
1845/6: 1 Ozt. Au (Colombian ore, .999) = C$ 16.092
Industria y comercio—La industria progresa; {July 1845-June 1846} ... Se han fundido en las respectivas oficinas 1,032 libras 58 castellanos 5 tomines de oro, que valen, segun lo calcula el Gobernador, 245,239 pesos, 1.75 reales, calculando tambien que alcanza á doble cantidad el extraido furtivamente para el extranjero, de manera que se hn sacado del pais, por contrabando, mui cerca de medio millon de pesos en oro, indemas el valor de 744 libras 55 castellanos de platina, que se estima en cincuenta pesos cada libra.
The industry progresses; ... They have melted in the respective offices 1,032.58125 Libras of gold, that are worth, according to calculates the Governor, C$ 245,239.21875, calculating also that it reaches to double quantity the extracted furtively for the foreigner, so that have been taken out of the country, for contraband, very close to half a million pesos in gold, indems the value of 744.55 Libras of platina, estimated at C$ 50./ per Libra.
Citation: Gaceta oficial, (11/6/1846) Issue 830 Trm. 62, p.43:
An October 1846 storm hit Havana, sank a Liverpool vessel with 1,372 ounces of platina.
8/31/1846: Where 79.2 Libras (= 1,169 Ozt.) x ~C$59.66/Libra = C$ 4,725, so
8/31/1846: 1 Ozt. Pt (Tariff Export Price: Colombian ore, .999) = C$ 4.04
Where 6,272.32 Troy Ounces were valued at S$ 29,440,
"...for 29,440 pesos silver ore for 18,264 pesos platinum (424 lbs 98 Castellanos)."
Where 424.98 Libras =7,765 Ozt @ C$ 18,264.8125
1843: 1 Troy Oz. platina (ore, 75%) = C$ 2.3524
1843: 1 Troy Oz. Pt (Colombian ore, .999) = C$ 3.1365
1843: Republishing US data (not a German marc weight)
Where (£ = $6.25) C$ 1,473,906 was £ 235,825 at £ 4.2477 per ozt Fine Au, the Colombian Gold Yield was 55,518 ozt (~1,727 kgs) - therefore, platina was ~ 11.30% the Gold Yield.
Citation: Handbuch der erdkunde: Th. Handbuch der Lhander- und Staatenkunde von Asien ... Gustav Adolph von Kloeden (1846)p.958
In 1844, the Cartagena forex was £ 1. = C$ 5.30 - 5.40 & USD$ 4.80; US Federal Money was 10% more valuable than C$. (There also appeared to be a huge discrepancy between the intrinsic value of local Gold Dust and foreign coin.) The libra was 14.792 troy ounces, so in 1844, 6,271.81 English Troy Ounces were exported ; in 1845, 7,995 English Troy Ounces were exported. The export price had risen 18.68% in one year.
1844: 1 Troy Ounce platina (Cartagena: ore) = C$ 2.91 (USD$ 2.64; £ 0.55)
1845: 1 Troy Oz platina (Cartagena:ore) = C$ 3.46 (USD$ 3.13; £ 0.65)
1844: 1 Troy Oz. platina (intrinsic) ~ C$ 3.64 (USD$ 3.30; £ 0.69)
1845: 1 Troy Oz platina (intrinsic) ~ C$ 4.32 (USD$ 3.91 ; £ 0.82)
17,304.3 troy ounces of Silver ore were exported at ~ USD$ 0.54 per oz., less than half the US Mint rate for assayed pure metal.
Citation: Commercial tariffs and regulations: resource and trade, of the ..., Parts 16-19; John Macgregor (1846) p.323
The USD$ apparently traded w/ 3-4% premium over the Colombian Silver Peso rate.
1843: 1 Troy Oz. Gold (Cartagena: Dust) = C$ 16.90 - 17.71
1843: 1 Troy Oz. Gold (Cartagena: Dust) = £ 3.38 - 3.58 (USD$ 16.22 - 17.20)
1843: Instability of platina price.
1843: Extensive contraband trade may have depressed platina prices.
1837:
1845: in exchange with the Belgian Franc, the value of the Colombian piastre/peso
1845: in exchange with the French Franc, the intrinsic value of the piastre/peso fuerte
1840: 1 Troy Oz. Gold (Colombia: Coined) = USD$ 18.00
1840: 1 Troy Oz. Silver (Colombia: Coined) = USD$ 1.158
1840: 1 Troy Oz. Silver (Colombia: Coined) = USD$ 1.158
Citation: A Treatise on Currency and Banking ; Condy Raguet (1840) p.179
Circa 1848/9, perhaps earlier: In Leipzig Pfund/Center, where Colombia & Brazil annually produced 9,021 English Troy Ounces, Russia yielded 6.5x more platina.
Where 18,000 Spanish marcos = 9,000 libras and "years of peace" (1843-1825=18), the estimated annual Gold production of "New Granada" was 500 libras.
Rainy/Dry Seasons:
