1 Ounce Rhodium Bar Coming Soon!! (1 oz rhodium bar)MARCH 16, 2010 UPDATE: Sorry guys, I lied. These 1 ounce bars are not available and have for nearly a year said "coming soon." I'm sorry to disappoint everyone with the following article.
That's right, folks, our friends over at Cohen Mint are planning to release a 1 oz rhodium bar within the next month!
Cohen Mint is by far the front runner in the rhodium coin market. In fact, the company has no rivals. If you're looking to invest in rhodium you either invest in stocks of a nickel mining company that has palladium, platinum, and rhodium as by-products, or you invest in a company like Stillwater Palladium Mining or Impala Platinum which also pulls some rhodium out of the ground, but neither of which focuses on rhodium (note: I haven't researched how to invest in stock of companies that mine rhodium, so understand that there may be more ways than I mention).
But, in the spring of 2009 Cohen Mint started producing one gram rhodium coins! Now, we're going to get a quarter of 1 ounce rhodium coins and 1 ounce rhodium bars! Here are a few photos of the current 1 gram rhodium bullion coins.
have been available most of 2009, click here.
One Ounce Rhodium Bullion Bar
The new Cohen Mint 1 Ounce Rhodium bar will have a small stamp showing Eitan Cohen's design of a night on the horse. This is a good choice because it's the same design that's on the front of the one gram rhodium coins. As you can see in the photo the proposed stamp will also state the chemical symbol of rhodium, RH, "Cohen Mint," "1 OUNCE TROY," and "RHODIUM .999 FINE."
Quarter of 1 Ounce Rhodium Coin (1/4 oz Rhodium Coin)When you hear the Cohen Mint is going to make a 1 ounce rhodium bullion bar, you're excited. But when you go the site, there's a surprise waiting for you: the Cohen Mint will also make a 1/4 ounce rhodium coin!
The 1/4 ounce rhodium bullion coin will look similar to the 1 gram rhodium bullion coin pictured above, however, since the coin is about seven times the weight it will have approximately twice the surface area of the 1 gram coins. To put this into perspective, if the one gram rhodium coin is a dime, the 1/4 ounce will be a quarter (no, that isn't the exact size, but similar).
And below you can see the proposed design. Very nice looking coins. We're hoping these will have less of a premium for fabrication costs because, it takes approximately as much work to make a 1 gram coin as it takes to make a quarter ounce rhodium coin or a 1 troy ounce rhodium bar.
1 oz Rhodium Bar PricingI haven't contacted Eitan Cohen about pricing. He is, as you can guess, a very busy man! When the 1 gram rhodium bullion coins came out they were priced at $90 when rhodium was around $1500. Now that rhodium is around $2300, the coins are selling for $125.
For my prediction, I'm guessing the 1 ounce bars will be around $2900 with rhodium at the price its at today. I would say the 1/4 coins will be around $800. Now don't quote me or plan on these prices. These are my guesses and I wouldn't be shocked if I were off by as much as 20%.
UPDATE: the 1/4 ounce rhodium coins are selling for around $880 and the 1 ounce bars are $3300.