silverman47
Active Member
1/4 Oz rhodium bar $2100
Will include registered post with insurance
Will include registered post with insurance
1/4oz rhodium bullion Baird and co
- Thread starter silverman47
- Start date
SilverMatt
Active Member
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.
In August 2019 when listed for sale it was a high price (but not ridiculous) hope the OP kept it
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
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
You're selling these in wrong country... lil' Kimmy is looking for these... he'll pay spot!
Scottspurs
Active Member
I just sold 1/10 to Goldstackers. 10% less than spot. I bought for $290 4 years ago or so.
Bought it for $215 two years ago. so I made a profit but looks like I missed out too. bugger.
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.