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 Replies: 10 / Views: 5,746 |
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Pillar of the Community
United States
2269 Posts |
Recently I did a search on the internet to try and find any countries that produce Rhodium Bullion. I know that the metal is very difficult to mint into a physical form. I remember a few years ago Rhodium was hovering around $10,000 an ounce, before it fell to the current level. This got me thinking about the possibility of owning some. Finding that no countries are issuing any Rhodium bullion, I found a mint in Brooklyn, New York that produces anything from 1 gram to an ounce of it. The name of the Mint is called the Cohen Mint. It puzzles me that since the price is far less than what it was years ago, why more mints are not considering producing any rhodium bullion. I am certainly interested in owning a small amount and I assume others would also be interested.
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Pillar of the Community
United States
1454 Posts |
I believe I've seen a few countries that have used rhodium as plating over silver but I don't think I've ever seen an actual coin made wholly from rhodium. It would be pretty cool, though!
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Pillar of the Community
 United States
2269 Posts |
Traevin, I saw those too, but an actual Rhodium coin doesn't appear to exhist. I did place an order from the Cohen Mint for the one gram piece. I prefer to have Bullion produced by a government mint, but a private mint example will have to do. I also think having one is pretty cool to own. That was one of the reasons why I own an electrum coin.
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Pillar of the Community
United States
2589 Posts |
So long as there's a recession/economic woes the price of rhodium will stay low, though there is a real possibility of someone cornering the market since production is so low. Kitco sells rhodium in sponge form which is powder precipitate. http://www.kitco.com/rhodium/ |
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Pillar of the Community
United States
2269 Posts |
I am hoping someone comes to the market. You mentioned Kitco selling rhodium in a sponge form. I remember when Rhodium was valued around $10,000 they only had pool accounts available, I guess they saw a market for selling rhodium in some form, hopefully others will follow.
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Pillar of the Community
United States
3670 Posts |
Hard to find, high dollar, not many collectors of it. But its scarcity out weighs its lack of interested collectors I figure (could be wrong of course) which should make it a sound investment.... Just like platinum, but on a smaller scale perhaps.... I have seen a few Rhodium coins on ebay, an often they were like 200 bucks for a gram to gram in a half or so seems like. Those prices an lack of selection made me quickly come to the conclusion with my limited funding that I was not going to add any of it, for the time being anyhow.... Edited by Silverhawk74
05/11/2012 11:39 pm
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Pillar of the Community
United States
4008 Posts |
My employer once looked at using a rhodium catalyst for some chemical reactions that we wanted to try but lab results showed that the benefits of using Rh were not sufficient to over-come the high cost involved. Even with good recycle methods, it was still too expensive. We ended up using a mixed catalyst containing Pd, Cu, and Cr on carbon granules. That worked reasonably well and was about 1/10th the cost of the slightly more reactive Rh catalyst.
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Pillar of the Community
United States
5855 Posts |
Quote:
I know that the metal is very difficult to mint into a physical form I think you just answered your own question... |
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Pillar of the Community
United States
2224 Posts |
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Pillar of the Community
United States
2269 Posts |
Coppernickeldaddy,
Wow, you're not kidding. They produce every metal I ever heard of and some I didn't even know existed.
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Pillar of the Community
United States
4008 Posts |
Did you guys spot the palladium 1/10th oz. coin for $100? Paying $1000 an oz. for Pd seems a little on the steep side. Personally, I am waiting for the radium coin. Yeah, it may well be too hot to handle but at around $10,000 per gram it would be a pretty unique holding. Hope that it comes in a lead box.  |
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Replies: 10 / Views: 5,746 |
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Posted 05/11/2012 10:26 pm
