UK, 1901: Numismatic Value of Pt Roubles

January 1901: 1 Ozt. Platinum (London: Ingot, Mkt) = £ 3.75 (USD$ )
January 1901: 1 Ozt. Platinum (London: Mfg, Retail) = £ 3.875 (USD$ )
January 1901: 1 Ozt. Platinum (London: Fine Mfg, Ret.) = £ 4. (USD$ )

Citation: Engineering and Mining Journal, p.68(Vol. 71 (1/12/1901)


Late January 1901: 1 Ozt. Platinum (London Retail) = £ 4.20 (USD$ )

Citation: Engineering and Mining Journal, p.152(Vol. 71 (2/2/1901)


May 1901: 1 Ozt. Platinum (London: Ingot, Mkt) = £ 4.22 (USD$ )
May 1901: 1 Ozt. Platinum (London: Mfg, Retail) = £ 4.36 (USD$ )
May 1901: 1 Ozt. Platinum (London: Fine Mfg, Ret.) = £ 4.51 (USD$ )

Citation: Engineering and Mining Journal, p.636 (Vol. 71 (5/18/1901)


From February, 1898, the 1828 3-Rouble FDC rose 55%, from £ 1.13 but there was no rhyme or reason to Spink's prices based on mintage; old stock was simply reduced relative to new. 

Where the estimated difference between EF-45 and VF-35  £ 0.50, a cull 3-Rouble of 10.3 g (@ 96% purity ~ 9.88 g) estimated @£ 1.00 (USD$ 4.87) valued by weight far too low: 

August, 1901: 1 Ozt. Platinum (Numismatic) = £ 3.1456 (USD$ 15.33)

Late 1901: 1 Ozt. Platinum (US mkt, ingot) ~ £ 4.11- 4.32
Late 1901: 1 Ozt. Platinum (scrap, US Retail) ~ £ 4.474

1901: 1 Ozt. Gold ('standard' .9167) = £ 3.8521 (USD$ 18.77)
1901: 1 Ozt. Gold (Fine, mkt) = £ 4.2022 (USD$ 20.48)

The Russian Half-Imperiale (7.5 Roubles 5.999 g) was rated as currency £ 0.775 (1897) but sold in Spink's Catalogue in VF-35 for £ 0.875, a 12.90% premium over currency.

1901: 1 Ozt. Gold (Mint, foreign coin .999) = £ 4.02 (USD$ 19.58)

1901: 1 Ozt. Gold (Coin, Numismatic) = £ 4.5367 (USD$ 22.11)

1901: 1 Ozt. platina (Russian ore, Spot) = USD$ 14.12
1901: 1 Ozt. Platinum (ingot) = USD$ 18.20 - 21.

Citation: The Numismatic Circular and Catalogue of Coins, Tokens ..., Vol. 9 ;  Spink & Son p.4807 (August, 1901)





c.1901: 1 Ozt. Platinum (retail) = £ 4.00 (USD$ 19.49)

Citation: Wilson's Photographic Magazine, Vol.39 p.157



Citation: Stability of international exchange: Report on the introduction of the gold ...(1903)



5/2005: Pt Spot @
Goldberg Auctions Sale 31, Lot 1980 (Tuesday, May 31, 2005):  a Platinum 3 Rubles 1842-SPB (Fr-160; Bitkin-91; Sev-637; Cr-177. PCGS graded MS-62; The Dr. Robert D. Hesselgesser Collection.

Estimated Value $1,250 - 1,500. Realized $2,645.

UK, 1823

Paris Price in Sterling, 1823:


In 1823, Dr. Wollaston recorded Rhodium receipts of £ 10.


c.January, 1822: 1 Troy Oz. Platinum (Paris: Refined, retail) = £ 0.7138
June, 1822?: 1 Troy Oz. Platinum (Paris: Refined, retail) = £ 0.9373
August, 1822: 1 Troy Oz. Platinum (refined) = £ 1.2612
January-December, 1823: 1 Troy Oz. Platinum (refined) = £ 1.28 - £ 1.5039

Compare prices in the 1817 Accum Catalogue; in London, retail platina prices appear to have been stable 1808-21.  The Price of Platinum in Paris rose quickly in the Summer, 1822. 

Citation: An elementary introduction to the knowledge of mineralogy; William Philipps (1823)

  Given the period of his experimentation, Maceroni's price note probably situates to early 1822, well before the Russian platina discovery was confirmed (1824) and shortly after the  Colombian export ban went into effect (1821/2), still unknown to Europeans ; he mentions neither.  His cited Platinum price is too low for 1825/6; Paris Platinum prices were rising in the years before 1825, falling thereafter.  Maceroni's  qualification "even at the present price" suggests the recent price was considered exceedingly high.  

Also, any inference that refined ingots originated in Colombia is mistaken. Any ingot were likely ~85% pure, shaped residue of Gold processing.  Although its author was an expert, this particular historical table isn't sourced. It may show market platina prices in Great Britain or may otherwise present an erroneous forex estimation (Banco Roubles.)




Dubious price (unreferenced)

Estimation only:

c.1823/4 : 1 Troy Ounce Platinum (refined ingot) ~ £ 1.0 (USD$ 4.83)

c.1822: 1 Troy Oz. Platinum (proposed Colombian coin rate) ~ USD$ 4.

c.1826: 1 Troy Oz. Platinum (proposed coin & export rate) ~ USD$ 6.

c.1824 : 1 Troy Oz. platina (London Price, retail?) = £ 1.05 (USD$ 5.07)

Citation: The Naval and military magazine, Vol. 1 (1827), p.360

Citation: Memoirs of the life and adventures of Colonel Maceroni, Vol. 2, Francis Maceroni(1833) p.vii

 

 
Where the 1824 Vienna Exchange was £ 1. = Fl. C.M. 13.33, the equivalent 1 Ozt price for ingot in Paris was: 

 c.1819?: 1 Troy Oz. Platinum (Paris ingot) ~ £0.5498 
c. Early-1823: 1 Troy Oz. Platinum (Paris ingot) ~ £0.63

Colombia, 1921

Jan. - Sept. 1921: 1 Troy Oz. platina (Cartagena mkt: 82% ore) = USD$ 59.42
1921: 1 Troy Oz. Platinum (US import: all) = USD$ 66.44

Citation: The Jewelers' Circular, Vol. 85, Issue 2 (11/1/1922) p.77


Citation: The Jewelers' Circular, Vol. 85, Issue 2 (10/18/1922) p.83

Russia, 1921: Price Collapse

January 1920: 1 Troy Oz. platina (Ural@ Copenhagen) ~ £ 42. (USD$ 148.26)
January 1920: 1 Troy Oz. Platinum (NYC mkt) = USD$ 160.
c.July? 1921: 1 Troy Oz. platina (Ural ore at Copenhagen) ~ £ 15. (USD$ 66.39)
July 1921: 1 Troy Oz. Platinum (NYC mkt) = USD$ 80.

Mid-January, 1920 the USD/Rouble exchange rate was 1: 200 officially.
Late January, 1920 the USD/Rouble exchange rate was 1:1,200.
February?, 1920 the USD/Rouble exchange rate was 1:2,400.
August, 1920 the USD/Rouble exchange rate was 1:4,000.
September, 1920 the USD/Rouble exchange rate was 1:5,000.
February, 1921: a 1 Rouble Gold was worth 10,000 Soviet Roubles

April, 1921: the USD/Rouble exchange rate was 1:15,000.
Mid-May 1921, the USD/Ru was 1:20,000
June, 1921, the USD/Ru was 1:25,000
July 1921, the USD/Ru was 1:40,000
August 1921, the USD/Ru was 1:45,000
November 1921, the USD/Ru was 1:120,000
January, 1922: the USD/Ru 1:151,200.
April 1922, the USD/Ru was 1:2,000,000
c.May, 1922: a 10 Rouble Gold Coin was worth 24,000,000 Soviet Roubles
May 1922, the USD/Ru was 1:4,000,000
July 1922, the USD/Ru was 1:3,800,000

April 1922, the (official? new?) USD/Ru was 1:100,000 The Russian Price Index rose from 1 in 1913/4 to 3,400 in January, 1920.; to 9,390 in July 1920 ; to 20,339 in January, 1921 ; and 70,021 in July 1921.

January 30, 1920, the USD/GBP was 3.53:1

Mid-July 1921, the USD/GBP was 4.43:1




May, 1921: 1 Troy Ounce Gold (London) = £ 5.133 
May, 1921: 1 Troy Ounce Silver (London) = £ 0.1396 

May 1921:






1921:







July 1922:

Russia, 1854

Presumably at market in St. Petersburg, Platinum was valued 4x less than Gold.  The exchange with Madrid was 1 peso of 20 reales (23.36 grams of Fine Ag) for 1.32 Roubles.
Madrid was 1 peso duro for Fr 5.29 or £ 0.212 (4.725 pesos per £) =



Citation: Manual del banquero, del agente de bolsa y del corredor de cambios ; Angel Henry (1855) p.71


The Paper-Gold Rouble exchange was considered stable, at par:


The price of bar-iron in the Urals, a product exported: