Kaiser,

The “Arsenic and Old Lace” modus operandi…

NumisdudeTX

Kaiser,

I bet Mike Mezack is working with the so-called “Fiji Mint” to produce a “Farewell to Tuvalu” commemorative rhodium coin for when the tiny country disappears due to global warming/climate change.

NumisdudeTX

CaliSkier,

You got it right for sure! We have always known that Russia & South Africa have, from mines & still in mines there, about 75% of the platinum group metals on Earth that we know about. Rhodium is still the only kind of “mysterious” precious metal for some strange reason… manipulation of the market by someone/some companies/some countries for Rhodium seems to be plausible, since it went from low to high, & then from the highest value to today’s comparatively “low” value compared to the 2021 price…

NumisdudeTX

CaliSkier,

I posted a comment in response to your & Craig’s comments. It is below…
I have the same questions about this subject that you both have.

NumisdudeTX

Craig, I’m guessing you transposed the numbers? Rhodium currently at $5,250 versus $2,500. Apparently, no futures market, automobile industry demand and and outstripped global supply, in addition to production in South Africa coming to a standstill, more or less. South Africa and Russia, dominate global supply. IMO the price on Rhodium is currently being suppressed or manipulated in order to penalize or at least not let Russia capitalize? Strictly a gut/hunch with zero facts to back this up! The “Train has definitely, left the station!

Craig,

From what I can tell, the rhodium craze was mostly a fad that was fueled by the fact that it is so much more rare than any coinage metal. It is used mostly to plate items like jewelry, aerospace components & computer hardware circuits, among other uses. But it only takes a tiny, thin plating to serve those purposes. Baird & Company in London, England U.K. produced 1 oz. pure rhodium ingots that for some reason became popular, especially since the London Bullion Market Association (LBMA) that sets precious metals spot prices for the whole world is headquartered in London also. The price started going up & more news was published about it & more people bought it, causing a rapid rise in its value. Then the bubble broke after it’s high price in 2021 & now it’s about $5,250 an ounce today. They hype period is over now.
Like you, I too wonder who sold those 2018 legal tender pure 1 oz. rhodium coins, when they sold them & if not when it reached almost $30,000 an ounce, why didn’t owners of that coin sell??!!
I still haven’t seen one offered for sale…maybe you have? Let me know please. Thanks Craig!

NumisdudeTX

I have to admit that I never knew about coins being minted with rhodium. I see that rhodium is trading around $2500 oz. now, and wonder what created the big spike in spot price for it to $30k. Hell, I thought silver jumping to almost $50/oz. was a big spike that seems quite hard to duplicate in todays environment. If those lucky collectors & investors didn’t sell when rhodium was near $30k, well that train apparently has left the station.

Seth, I can only imagine what those who didn’t sell a peak Rhodium price must be thinking now? It would be interesting to know how many who picked these up originally, sold at or near peak? Also would be interesting to know how many also held onto these, hoping for an even greater return at some point? Kind of a “My Precious affect” if you will? With my financial situation being what it is, the coin wouldn’t have stood a chance remaining/staying in my collection when the price skyrocketed! I’d have cashed out for sure! Wonder how many dealers are sitting on these, completely upside down, under water, wishing they never bought in?

Kaiser,

Can you even imagine how much money The Eagles made off that one album & the t-shirt & poster sales, not to mention the 20-marks concert ticket price I paid around 1977 when they played at the 1972 Olympics stadium arena in Munich when I lived about 60 kilometers south from there. We always had the German motor pool bus driver stop at the Munich McDonald’s to get burgers, fries & milkshakes after the concert. McDonalds & Baskin Robbins were the only USA chain restaurants in Munich at the time I lived there 1976-79, & Harry’s New York Bar where we went for drinks after the Junior-Senior Prom in 1979! Lol.

NumisdudeTX

Craig,

Yes, good advice for sure! Mercury can also get in the pores of your skin by touching it, my high school chemistry teacher said. But, I’m not sure how much exposure to it over time would cause a major health problem.
I loved looking at it in chemistry class because it is so shiny & liquid at room temperature & it moves around in a strange way when you move the glass petrie dish holding it.

NumisdudeTX