I want to Buy Rhodium Coins!
Many people ask about buying rhodium coins or rhodium bullion. To make the answer short: there are no rhodium coins or bullion. This is not to say you can't invest rhodium, but it's not as easy as gold or even palladium.
Sheet Rhodium
There are a few reasons why they don't make rhodium coins or rhodium bullion:
- Rhodium: rare. There are only 25 tons of it mined per year
- Rhodium: brittle. If it were in coin or bullion form, it could easily break.
- Rhodium: expensive. An ounce it would costs thousands of dollars. Rhodium reached $10,000 for 1 oz this year, I'd imagine that a coin would have had a 10% premium. It is only $1300 for 1 oz now, but if they had them, they wouldn't be selling for any less than $3000
- Rhodium: popular. No one really knows what rhodium is. If governments were to make a coin with 90-some percent rhodium, there would be very little interest.
Pure Rhodium
Uses for Rhodium, What Uses Rhodium?
What uses rhodium? Rhodium is a good conductor and catylist. Rhodium used in special types of wire and is mixed in most catalytic converters in cars. In fact, it can be salvaged from these catalytic converters and sold, if you can find a buyer. Jewelry makers use rhodium. Rhodium coating on jewelry makes cheap jewelry shine as well as platinum or palladium jewelry. Rhodium is expensive, but they use such a fine coat if it that it's worth next to nothing. TIP: put Windex on a paper towel and rub it on some cheap rhodium-coated jewelry. You'll see rhodium on the paper towel!
I added a few rhodium pictures to this page. The top picture shows you the white, silvery shine of a sheet of rhodium. The next picture is pure rhodium in it's raw, but non-powder form. Below you have rhodium wire, and rhodium-plated ring. There is a lot of rhodium-plated jewelry. I ring or a necklace can be a cheap rhodium as $5.00. You won't get much rhodium off it though!
Rhodium Pictures: I want Rhodium Photos!
I added a few rhodium pictures to this page. The top picture shows you the white, silvery shine of a sheet of rhodium. The next picture is pure rhodium in it's raw, but non-powder form. Below you have rhodium wire, and rhodium-plated ring. There is a lot of rhodium-plated jewelry. I ring or a necklace can be a cheap rhodium as $5.00. You won't get much rhodium off it though!
Rhodium Wire
Rhodium-Plated Ring
There are in fact rhodium coins being made by savvy refiners who are trying to solidify their sales a bit in the face of the global slowdown.
ReplyDeleteI am in the process of securing a minimum of 500 @ 1 oz/each, and based on initial discussions the coins will be around $1450 per coin. The coins are sealed with some process that was explained but I can't properly convey, as untreated they would be somewhat more pliable than gold coins...
I have requested a quote at 1/2 ounce if that is logistically feasible, and hope to split the order evenly between full ounce and 1/2 ounce quantity by weight.
If anyone has interest, email me at mty@circpros.com and I'll keep you posted on a date I can have then in hand. The producer talked like they only make these for special orders, with a turnaround of 3-4 weeks. If we get the details worked out, I'll be ordering this week.
cheers, Micah
You can purchase Rhodium Coins in 1 grams increments from American Elements Mint at http://www.americanelements.com/rhmbcn.html They're not cheap! But one gram increments make them reasonable.
ReplyDeleteE Cohen Mint may be selling 1 gram rhodium in the near future.
ReplyDeletehttp://www.goldfortomorrow.com/
Cohen Mint is a scam. Read up on the complaints about them.
Deletebought Pd. now im thinkin obout selling but value keeps goin up
ReplyDeleteWHAT TO DO!!
want to buy PD. please contact grewal@mailcity.com
ReplyDeleteAnother TIP, If you have a high palladium white gold jewelry piece like a rope chain for example & do the Windex on it to see if its rhodium plated, odds are it may not be. But if it is, you won't see much difference in the appearance. Chances are, the metal underneath can be just as bright & white as the rhodium if it does happen to be rhodium plated at all.
ReplyDelete