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Rhodium

ajmanajman Posts: 1,359 ✭✭✭
in Precious Metals
Hey guys, check this website out about rhodium.

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Comments

  • ProofCollectionProofCollection Posts: 7,706 ✭✭✭✭✭
    Cool, but those premiums are stupid-high and the designs are uninspiring. Look at their gold and silver coins too... same thing. High priced and poor designs. I wonder how many they actually sell?
  • WeissWeiss Posts: 9,942 ✭✭✭✭✭
    Cohen mint has a tiny niche market. Who else makes 1 grain gold coins!

    And if they're to believed, they really have been the first and maybe the only to develop the ability to mint rhodium.

    We've had a couple threads about them before. A 1-gram coin is about 1/30th of an ounce.

    If they would make a 1/10th ounce, 1/4 oz, 1/2 oz, or a 1-ounce rhodium coin, I think they'd be on their way to a very successful private mint rather than a novelty mint.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    whats rhodium used for and is there even a market for it?
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  • CiccioCiccio Posts: 1,405 ✭


    << <i>
    If they would make a 1/10th ounce, 1/4 oz, 1/2 oz, or a 1-ounce rhodium coin, I think they'd be on their way to a very successful private mint rather than a novelty mint. >>



    They are now making 1/4 oz coin and 1 oz bar but the premium is too high, IMO.
    The 1/4 oz goes for $903 while the melt is $650.
    Would you buy a 13mm coin for $1400 if rhodium goes again to 10k? image
  • WeissWeiss Posts: 9,942 ✭✭✭✭✭


    << <i>

    They are now making 1/4 oz coin and 1 oz bar but the premium is too high, IMO.
    The 1/4 oz goes for $903 while the melt is $650.
    Would you buy a 13mm coin for $1400 if rhodium goes again to 10k? image >>



    Wow. I just saw that. Says December is the date--wonder if that means they're shipping now? And those premiums are just a little high!
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • OPAOPA Posts: 17,160 ✭✭✭✭✭


    << <i>Who else makes 1 grain gold coins! >>



    You need a super magnifying glass to be able to see one .... 480 grains = 1 toz.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • NitroCruiserNitroCruiser Posts: 654
    Despite the high premium, I feel the liquidity of this metal is a turn off to most. Another silvery metal... we all ready have silver and platinum (which have a large market base) with palladium as a niche metal (maybe if the US Mint makes a coin, more interest will occur). No offense to palladium or rhodium collectors, but you are a unique group.

    As for the Cohen Mint, I really believe they need a make over on their design (rounds). The line design might keep things simple, but offers little inspiration IMO. Pieces should be a miniature work of art or just stamp the metal, fineness, and weight on the thing.
  • ProofCollectionProofCollection Posts: 7,706 ✭✭✭✭✭
    The one advantage they have is that they are the only rhodium coins I know of, so when you're a sole source for something, you can charge what you want.
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