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 Replies: 18 / Views: 2,024 |
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Rest in Peace
United States
1501 Posts |
Edited by COINAHOLIC
07/15/2008 6:20 pm
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Valued Member
United States
100 Posts |
I have absolutely no idea where you can buy it, but let me tell you this. We studied metals this past year and rhodium is probably the MOST EXPENSIVE and one the RAREST metals out there (in the pure state). It's very similar to platinum except it is less dense, harder, and shinier. Rhodium looks similar to a mirror when it is processed. The price for an ounce of Rhodium is about $9,500 dollars. That is about 10 times the price of gold!
In my opinion, it is possible that coins could have been minted out of rhodium, but it is more likely to have been used in jewelry and stuff like that. Good luck finding some!
Edited by Coinwhiz1776
07/15/2008 7:40 pm
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Valued Member
 United States
486 Posts |
It is so extremely rare that Gold is 1 tenth the price of rhodium, but finding an ounce of rhodium in nearly impossible compared to how easy it is to find gold for sale. When you think of how hard it is to obtain rhodium you really realize its rarity. -PP
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Pillar of the Community
Australia
2830 Posts |
G'day, discovered 1803; see - http://en.wikipedia.org/wiki/RhodiumIf I recall correctly, there was a thread about a month ago about privately-minted "coins" composed of the various metallic elements. Peter in Oz |
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Valued Member
United States
100 Posts |
Wouldn't it be nice to dig out a nice hunk of Rhodium weighing out at 2 pounds?
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Pillar of the Community
United States
547 Posts |
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Valued Member
United States
486 Posts |
How does the pool account work? -PP
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Valued Member
United States
486 Posts |
Do you receive physical bullion for that price?
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Pillar of the Community
United States
581 Posts |
If you're looking at investment possibilities, then I think you're answering your own question. If you can't find anyplace to buy it, how will you ever sell it, if you want/need to?
Rarity. Hmmm. I'm guessing the microphone for a 1977 Cobra CB Radio is pretty hard to find and I bet you can even google it and not find it. Rare? Yes. Good Investment? You fill in the blank.
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Pillar of the Community
United States
1121 Posts |
IMO if this metal is so rare then it would be a great investment, asuming there is a demand for it. As with almost everything that is hard to find or scarce, there is someone out there willing to pay for it, even if it means paying beyond its true market value. Just my Two Cent (common dates of course). lol. |
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Pillar of the Community
United States
547 Posts |
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Pillar of the Community
United States
1130 Posts |
Rhodium was only $400 an oz six years ago. Prices spiked up amid supply concerns.
I would stay away from investing in that metal. There is not much of a market to buy and sell that metal outside the industrial/wholesale level. Platinum and gold are better choices, plus you can buy these bullion guaranteed by the US gov't in the form of American Eagle coins.
As for ancient coins, I doubt that any coins will contain any significant amount since they were not able to isolate this element until recently.
Edited by 1sikevo
07/16/2008 11:28 am
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Valued Member
United States
486 Posts |
The reason it is so hard to find Rhodium for sale is because its demand is well exceeding the supply. Just because it has a price tag of $9,500 doesn't mean it will be easy to get at that price. Think of how easy it is to buy 10 ounces of gold on ebay a coinshop kitco or wherever. When looking for an ounce of pure rhodium for about the same price as 10 ounces of gold you will have a very tough time finding it especially for near spot price. There is plenty of gold to go around but when it comes to Rhodium the same cannot be said. -PP |
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Pillar of the Community
United States
581 Posts |
Based on what you have said, I would definitely stay away from it. If you can't buy it at the "market" price, then you make it sound like a collectable. I don't care if it's $9500 or a million dollars, if that is the market price then you should be able to buy/sell around that. If you can't, you had better be on the "inside" or have your buyer/seller be on the inside.
Bring on the 10 foot barge poles!
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Moderator
 Australia
16831 Posts |
Quote:
Pennypusher asked:
Also, are ther any ancient coins made out of Rhodium? As has already been answered, no. Rhodium was only discovered in recent times, and no known ancient coins were "accidentally" made with anything more than minute trace amounts of rhodium. I don't think anybody's made rhodium coins yet. Quote:
Peter THOMAS said:
If I recall correctly, there was a thread about a month ago about privately-minted "coins" composed of the various metallic elements. Yep. This was the site in question. They sell just about any element you care to name, and many of them in "coin" form. With it's high price, rhodium isn't one of the ones they currently coin, or have plans to do so, but if you feel the need to hold a piece of the most valuable bullion metal in the world, they will sell you 1 gram pellets (6mm diameter, ball bearing sized) of 99.9% pure rhodium at market rates. Personally, I think investors should steer clear from such "utilitarian" precious metals. Investors merely drive the price up, and their holdings deprive the world of pieces of metal that could otherwise be put to productive use. Secondly, the market is highly speculative. Scientists may develop new, cheaper substitutes for rhodium in the various applications where it's necessary, and geologists may find rich new sources of the metal - both of which could cause the price to collapse. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Posted 07/15/2008 7:06 pm
