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<p>[QUOTE=&quot;Juan Blanco, post: 1625625, member: 41665&quot;]I only corrected this, because the &quot;3 рубли на серебро&quot; was valued in PAPER ROUBLES at a fluctuating agio for Platinum against Paper, until 1832/3. </p><p><br /></p><p>In 1828, &quot;3 рубли на серебро&quot; (10.34 g; 0.3324 ozt.) = £0.475 (late 1828 - February 1829: &quot;nearly ten shillings in silver&quot;) ~ 11 рубли (Assignat/Paper). </p><p>The market price for Platinum Roubles fell after the Winter 1830/1831, it appears. Merchant handbooks warned (foreigners) not to take them in exchange !</p><p><br /></p><p>In Early (April?) 1831, the American minerologist James Dickson of New Brunswick NJ reported on Platinum production to date: &quot;Though many hundred pounds weight of platina are coined monthly, into <b>pieces of 11 and 22 rubles </b>{3- and 6-Rouble Coins} they disappear rapidly from the circulation. They may be met with occasionally, and a few at a time, in the hands of the brokers. I consider their price much above the London price of malleable platina, which is at present about 25 shillings English per ounce : considering that the crude platina is the produce of the country, the Russian price for malleable platina, which is about 28s., is too extravagant; and yet this does not arise from the expense of manufacturing, but from the cost of the material itself, which is far higher than the platina of South America.&quot; </p><p><br /></p><p>Dickson also cited the (crude) platina price at &quot;~£ 1.00/ozt&quot; (£ 0.9489/ozt) </p><p><br /></p><p>But<b> by 1832/3 the scrap price in St. Peterburg had fallen to £ 0.3189/ozt.</b> The Silver Rouble was 1: 3.6775 in Paper (3-Roubles in Silver = 11.03 рубли Paper) so intrinsically, the Platinum 3-Rouble (2.41 рубли Paper) <b>= 0.65 рубли Silver.</b></p><p><b><br /></b></p><p><b><u>This is significant because it might be THE ONLY TIME (in recorded history) WHEN A PRECIOUS METAL MONEY WAS REJECTED for Fiat Paper, &#039;more valuable&#039; by preference &amp; generally.</u></b></p><p><b><u><br /></u></b></p><p><b><u></u></b>A very, very extraordinary situation... and probably <i>only in Russia</i>.[/QUOTE]</p><p><br /></p>

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