Showing posts with label 1817. Show all posts
Showing posts with label 1817. Show all posts

July 26, 2013

UK, 1817

October 1805-16: 1 Troy Oz. Platinum (Scrap, Trade)  = £ 0.25 (USD$ 1.00)
1816: 1 Troy Oz. Platinum (Scrap, Trade)  = £ 0.5641 (USD$ )

1816: 1 Troy Ounce Platinum (Cary, retail)  = £ 0.8751 (Fr 21.70) 


 Wollaston sold ~3,250 Ozt (~101.1 kgs) Platinum in 1817.   


Chaldecott (1979) presumes the 1817 expense £ 220. for 1,400 ozt of Bollman's platina; another scholar cites 2,084 Ozt. for £ 298., or very nearly £ 4.60 per Kg. ore [Platinum Metals Rev., 1979, 23, (3), p.115] ~ £ 6.13 per Kg. Pt intrinsic

1817: 1 Troy Oz. platina (Bollman contract, London)  = £ 0.1430  

1817: 1 Troy Oz. platina (Vaughan of Phila.)  = £ 0.1082 
1817: 1 Troy Oz. platina (London: Thom. Coutts & Co)  = £ 0.1571

 1817: 1 Troy Oz Platinum (London: Sponge) ~ £ 0.55 (12s.)


March, 1817: 1 Troy Oz. Platinum (Cuoq & Courturier) = £ 0.5932
March, 1817: 1 Troy Oz. Platinum (fully mfg still) = £ 0.7360
   
News from the April 1817 meeting of the Societe D'Encourgement Pour L'Industrie Nationale was published in London that June.

Citation: Philosophical Magazine, Vol. 49 N. 230 (June, 1817) p.463
 

Citation: Bulletin de la Societe D'Encourgement Pour L'Industrie Nationale April 1817




2) Dated information appears in US Congressional documents.  (Wholesale abroad, without duty, transport nor profit.)  Secretary of State John Q. Adams' 1821 report cited an earlier common price for refined Platinum, c. 1819? John Q. Adams was Ambassador in London through the Summer of 1817.

c.1817: 1 Troy Oz. Platinum (Paris: Sponge) ~ USD$ 2.50 (Fr. 13.43)
c.1817: 1 Troy Oz. Platinum (London: Sponge) ~ USD$ 2.50 (£ 0.5703) 

This 1824 report appeared as the Platinum price was peaking, 1821-5; Colombian platina was trading at very high premium, and British and French (erroneously) reported the Russian Mint was paying the equivalent of $ 7. -10.

The Paris price for worked Platinum is known, from the dentist, Maury.  In 1820 - 21, the average low price for worked Platinum in both London & Paris appears to be ~ $ 4.00, far above "$2.50." 

 c.1817: 1 Troy Oz Platinum (London: Sponge) ~ £ 0.55 (12s.)

The cost of importing and manuafacturing European metal would have added considerably to the price.

Citation: Two tracts: on the proposed alteration of the tariff; and on weights ... Thomas Cooper, United States. 18th Cong., 1st sess., 1823-1824, London (England) p.41



c.1816/7: Mock Gold, alloy of John Thomas Cooper:
Citation: The Quarterly Journal of Science and the Arts, Vol. 3 (1817)







July 19, 2012

Russia, 1817

The famous blind traveler Holman describes the area around Ekaterinbourg, and the estate of the extraordinary Englishman, Joseph Major.

After involvement with a number of steam-engine and pump-related projects (and a large galvanic battery, in 1801) Major had worked at the St. Petersburg Bank Mint (Cyrillic initials "O.M." on Gold 5-Rouble Coins, 1797-1800) before settling in Siberia circa 1803. He built a steam-engine for A. Knauf's copper-smelter (1804) and with with son Alexander had an enterprise for the mass-production of engines.

Gold from his property was scant, a few pounds per year, but Major certainly had familiarity with Platinum, having employed it in his various professions.

He was murdered on his estate by Gold thieves in 1833.

From/to the Urals, news to/from St. Petersburg was 17-23 days delayed.

1817: 1 Troy Ounce Fine Gold (High Cost) = 72.910 руб Banco (26.513 руб Silver) £2.89 1817: 1 Troy Oz. Fine Gold (Low Cost) = 21.873 руб Banco ( 7.954 руб Silver) ; £ 0.87

Citation: Travels through Russia, Siberia, Poland, Austria, Saxony, Prussia ..., Vol.1; James Holman (18 ) pp.





 



General knowledge in Russia of PGMs, c.1817

October 14, 2011

France, 1817

Assuming the Kilogram 32.68387 Paris Onces
Pd.M. Rate is Fr.64.- 80. ; Kg Rate is Fr. 130.-165.


c.1817: 1 Troy Oz. platina (Common Ore, Paris Spot) = Fr 5. (£ )

Citation: Nouveau dictionnaire d'histoire naturelle..., Vol. 26 (1818) p.583


Possibly Late 1816 news, reported by C.L. Cadet.
 

c. February, 1817:
Citation: Journal de pharmacie et des sciences accessoires, No.3, March 1817 p.242



c. March, 1817: 
March, 1817: 1 Troy Ounce Platinum (refined) = Fr 13.76 (£ 0.554)
March, 1817: 1 Troy Oz. Platinum (semi-mfg) = Fr 14.74 (£ 0.593) 
March, 1817: 1 Troy Oz. Platinum (assembly) ~ Fr 2.54 (£ 0.102)
March, 1817: 1 Troy Oz. Platinum (fully mfg still) = Fr 18.29 (£ 0.7360)

1817: 20 Kilograms Platinum Ingot > 15.5 Kilogram Platinum Still of 162 Litres

Citation: Bulletin de la Societe D'Encourgement Pour L'Industrie Nationale (1817) p.68
 





March 1817: reporting, with errors!


April, 1817: 1 Troy Oz. Platinum (Refined) = Fr 13.76 (£ 0.5651)
April, 1817: 1 Troy Oz. Platinum (Semi-Mfg) = Fr 14.74 (£ 0.6053)
April, 1817: 1 Troy Oz. Platinum (Assembly) ~ Fr 2.54 (£ 0.102)
April, 1817: 1 Troy Oz. Platinum (Fully Mfg Still) = Fr 17.28 (£ 0.7097)


(Apparently written with great detail & expansive knowledge, after 1815 and the Mint's acquisition of the famous 1816 Jeanetty boiler.)

Platina grains were sold by the lot, sorted and sight-graded by size and apparent purity; no reference to specific gravity.  This Paris Price was 33% - 54% higher than Wollaston's cost, suggesting a trade rate.

c.1818?: 1 Troy Ounce platina (Paris, trade) = Fr 4.06 - 5.08 (USD$ 0.93)

Citation: Nouveau dictionnaire d'histoire naturelle, appliquée aux arts..., Vol. 26; Charles S. Sonnini (1818)



 

The key was to simplify the processing and it is this simplification, it is above all the company made ​​more than had great yet been done, which determined a reduction by half in the price of platinum, for the ore has increased rather. 

One can hardly boast of a further decline before a very great abundance of ore and considerable demands require to deal with at once larger quantities, and your Committee believes that the price of Fr. 15 - 18. an ounce, which is now reduced, making it accessible to many manufacturers. In this respect, MM. Cuoq and Couturier have done a great service to the arts, they would make even more if they could lower their prices.

You, gentlemen, on many occasions, encouraged Mr. Jannety, you constantly applauded his success, and you are always willing to assist his efforts and perseverance in working platinum.


July 16, 1817: Albert Gallatin recommends a Platinum metre manufactured by Fortin for the cost of £ 105.  The Platinum metre received was 125 cm3 (5 mm * 25 mm * 1,000 mm)
at a presumed density of 20.5487 (c.1873: noting the arsenical alloy) a total weight of ~ 2.57 Kgs or 82.58 Ozt. for the French Unit.

July, 1817: 1 Troy Oz. Platinum (Paris: Mfg) ~ £ 1.2715 (Fr. 30.963) 




March, 1818: 1 Troy Oz. Platinum-Clad Copper (Semi-Mfg) = Fr 2.86 




1817: Bréant of Paris produced a Platinum still of 162-litres weighing 15.5 kg for Cuoq & Couturier's 1816/7, the weight per Litre was 3.076 Troy Ounces; the amount of Litres contained per Troy Ounce was 0.3251 Litres.






July 22, 2011

Russia: Rouble Value 1816-1830

1812-18:



1816:



1816-18:


1817:


c.1817:


c.1817:


1818:




1818:


c.1818, in Pence Sterling


1818:



1818?


1817/8?


1817-19: Export of Gold & Silver depleted Russia



1819:





1819:




c.1819?:





c.1820






1820: US estimations on 4 bourse, averaged:




1820:


1820:



Rouble in fine Silver:







1820:


1820:


1805, 1817 & 1821:


1822:



1822/3: 9.5-10.5 Pence







1822-4:



1822-4: Gold in Paper (?)Roubles


1822-4?


c.1824:


1824:





1825:


c.1826 ?:






c.1827?

Odessa:

1827:

1827?

c.1827:

1828:




1828:






1829:

c.1828/9:



1829:

c. 1830:


c. 1830/1:

c.1830:



1830/1:
,,,