Exchanged for jewels

[chalkoutline]

The decoded Cipher 2 message indicates they exchanged for jewels valued at $13000 in st louis.
How much weight did they save?

In 1820 the price of gold was $19.39/Oz or $310/lbs.
42lbs x $310 = $13000.
So they saved 42lbs.

They stashed 1907lbs so they saved 2%.
That's not much of a saving considering the longest part of the journey was behind them.

 

[johnnyrev]

And Silver?

 

[chalkoutline]

And Silver?

Couldn't find a 1820 price of silver

 

[robertk]

Couldn't find a 1820 price of silver

In 1820, in the US, coins were still silver and gold under the Coinage act of 1792, which set the dollar as 0.7734 ounces of silver. So if you want to think of that as "price", then silver would have been $1.29 per troy ounce.

 

[chalkoutline]

In 1820, in the US, coins were still silver and gold under the Coinage act of 1792, which set the dollar as 0.7734 ounces of silver. So if you want to think of that as "price", then silver would have been $1.29 per troy ounce.

Thanks.
Using the Troy ounce, 630lbs of silver equals $13,000.
Saving 630lbs makes alot more sense

 

[Carl-NC]

There are 12 troy ounces per pound, not 16, so the weight savings would be 56 lbs (gold) or 840 lbs (silver).

 

[souce19]

The decoded Cipher 2 message indicates they exchanged for jewels valued at $13000 in st louis.
How much weight did they save?

In 1820 the price of gold was $19.39/Oz or $310/lbs.
42lbs x $310 = $13000.
So they saved 42lbs.

They stashed 1907lbs so they saved 2%.
That's not much of a saving considering the longest part of the journey was behind them.

I pulled this from the Filson Museum. It discussed letters they have regarding Norburne Beall in Kentucky. March of 1820, they had a mortgage deed going to the Bank of the U.S. for $13,000. May not be related, but I find it interesting to say the least.