Spot price for 1/4 oz Rhodium is $4477 AUD. IF this bar is real - it is an ultra bargain. Seller has low rating though.
Tip on anyone wanting to buy Rhodium, ring your local dealers and ask how much they will buy back at....some might say no or offer very low price.
Few people asked why.... The market for the rhodium is tight industrially, it about 5% of the palladium and platinum market combined, and less than 1% of the size of the gold market in industry. In Jewellery market only 0.01% of annual tonnage is used for plating rings or bullion. There are only about handful of industrial buyers of raw sponge rhodium unlike other noble metals and not one of them wants metallic rhodium. For a small time collector in ounce forms the buy back price is should be market value not the spot price
Perth Bullion used to offer spot, but they aren't around anymore and not sure they would have done the same at current prices.
I just sold 1/10 oz Rhodium bar on Ebay for $920 after calling about 20 dealers. I could not get anyone to offer me more than $650 for it. Bloody tight market for Rhodium, I dont think I will bother playing with it again. $2100 for this 1/4 oz is probably market value in reality but I would guess Silverman47 has probably worked that out after getting low ball offers from LCS.
yikes 50% off spot. 21/02/2020 Rhodium Spot USD $12,000 per ounce = 1/10 oz $1,200 USD = $AUD 1,800 for 1/10 ounce rhodium at spot. Hopefully you bought it year ago
Well that would have been nice to know a while ago. I did have it for sale on this site for a month or so but no offers at all were sent so I assumed no one was interested at all.
