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Bullion Question

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Pennypusher's Avatar
United States
486 Posts
 Posted 07/15/2008  4:37 pm Show Profile   Bookmark this topic Add Pennypusher to your friends list Get a Link to this Message Number of Subscribers
Where can you buy Rhodium? -PP
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Pennypusher's Avatar
United States
486 Posts
 Posted 07/15/2008  5:29 pm  Show Profile   Bookmark this reply Add Pennypusher to your friends list Get a Link to this Reply
Also, are ther any ancient coins made out of Rhodium?
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jbuck's Avatar
United States
188046 Posts
 Posted 07/15/2008  5:40 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I Googled "buy rhodium" and got many links asking the same question you are asking! I tried to follow a few that seemed promising, but they kept linking to other pages with more links! Frustrating! I gave up after a while, so I don't have an answer for you.

Anyone?
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eaglefoot's Avatar
United States
6326 Posts
 Posted 07/15/2008  6:07 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
Rhodium can be found in the dirt following a rodeo. If it's a big rodeo, many specimens may be found here. Rhodium is the film or coagulate remaining after dozens of broncos or bulls have run around the large event enclosure. It is, in fact, originally a by-product derivative of several basic compounds.
However, it can contain impure products such as sweat, blood, urine, and/or feces....both human and animal. When you've obtained the aforementioned "coagulate", you can then begin a simple "smelting process" to derive a more pure sample.


Hope this helps....
Sincerely,
Darren




ahhhhhh just kiddn' !! .....
I don't have the slightest clue about "Rhodium" not in it's origins or the purchasing of .......
Edited by eaglefoot
07/15/2008 6:15 pm
Rest in Peace
COINAHOLIC's Avatar
United States
1501 Posts
 Posted 07/15/2008  6:12 pm  Show Profile   Bookmark this reply Add COINAHOLIC to your friends list Get a Link to this Reply





Was beginning to wonder perhaps rodeogum?
Edited by COINAHOLIC
07/15/2008 6:20 pm
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Coinwhiz1776's Avatar
United States
100 Posts
 Posted 07/15/2008  7:06 pm  Show Profile   Bookmark this reply Add Coinwhiz1776 to your friends list Get a Link to this Reply
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
Valued Member
Pennypusher's Avatar
United States
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 Posted 07/15/2008  7:38 pm  Show Profile   Bookmark this reply Add Pennypusher to your friends list Get a Link to this Reply
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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Peter THOMAS's Avatar
Australia
2830 Posts
 Posted 07/15/2008  7:53 pm  Show Profile   Bookmark this reply Add Peter THOMAS to your friends list Get a Link to this Reply
G'day,
discovered 1803; see - http://en.wikipedia.org/wiki/Rhodium

If 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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Coinwhiz1776's Avatar
United States
100 Posts
 Posted 07/15/2008  8:15 pm  Show Profile   Bookmark this reply Add Coinwhiz1776 to your friends list Get a Link to this Reply
Wouldn't it be nice to dig out a nice hunk of Rhodium weighing out at 2 pounds?
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ChristinaM's Avatar
United States
547 Posts
 Posted 07/15/2008  8:45 pm  Show Profile   Bookmark this reply Add ChristinaM to your friends list Get a Link to this Reply
You can invest in Rhodium with a Kitco pool account:

https://online.kitco.com/bullion/completelist.html

Scroll down to the bottom of the screen and it lists the pool accounts for precious metals...
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Pennypusher's Avatar
United States
486 Posts
 Posted 07/15/2008  8:50 pm  Show Profile   Bookmark this reply Add Pennypusher to your friends list Get a Link to this Reply
How does the pool account work? -PP
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Pennypusher's Avatar
United States
486 Posts
 Posted 07/15/2008  8:55 pm  Show Profile   Bookmark this reply Add Pennypusher to your friends list Get a Link to this Reply
Do you receive physical bullion for that price?
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Kabiye_Lady's Avatar
United States
581 Posts
 Posted 07/16/2008  03:01 am  Show Profile   Bookmark this reply Add Kabiye_Lady to your friends list Get a Link to this Reply
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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neversuited1's Avatar
United States
1121 Posts
 Posted 07/16/2008  08:42 am  Show Profile   Bookmark this reply Add neversuited1 to your friends list Get a Link to this Reply
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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ChristinaM's Avatar
United States
547 Posts
 Posted 07/16/2008  11:13 am  Show Profile   Bookmark this reply Add ChristinaM to your friends list Get a Link to this Reply

Quote:
How does the pool account work? -PP


This should explain it for you:
https://online.kitco.com/poolaccount.html
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1sikevo's Avatar
United States
1130 Posts
 Posted 07/16/2008  11:23 am  Show Profile   Bookmark this reply Add 1sikevo to your friends list Get a Link to this Reply
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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