#1 Rhodium Coins Buyer in Las Vegas
Do you know that rhodium is one of the rarest metals in the world? Bring your rhodium coins to Nevada Coin Mart today for a free verbal appraisal and evaluation! Nevada Coin Mart uses an X-Ray Spectrometer that tells the exact amount of rhodium in your coin before it is weighed and paid according to rhodium’s spot value.
Rhodium Coins We Buy
- Black Proof Incuse Silver Maple Leaf, 2020
- 5oz Silver UNESCO, 2016
- Cooks Islands Predator-Prey Collection, 2014-2017
- 5oz Silver UNESCO, 2017
- Cook Islands 3-Coin Silver Desert Heat Scarab Set, 2017
Background of Rhodium
Rhodium is one of the world’s most expensive metals – treated as even more precious than the highly valued gold and silver. This crisp, glittery and reflective material resistant to corrosion can be found only in small amounts within platinum and nickel. The isolation process between rhodium and other metals is complicated, the reason for its high price.
Since rhodium is found only in small amounts and is difficult to mine, it is marked as a metal with six times more value than gold. As proof, South Africa provides 80% of the total rhodium supply of the world. With high value and meager supply, rhodium coins are far more precious than any other coins.
In the past, rhodium was not considered as an investment. But due to its rarity, it is now recommended for collectors who can afford such an expensive metal. Rhodium coins are available in the market but are far more costly than rhodium bars because of the more rigid minting process.
Serious investors with a considerable capital would often include rhodium coins and bars to their portfolio.
History of Rhodium
In 1803, alchemist William Hyde Wollaston discovered rhodium after only a year of discovering palladium. William successfully isolated palladium and rhodium during a process and found out that rhodium is hard, highly reflective and corrosion-resistant. In addition, this metal also has a higher melting point than platinum and other hard metals.
William attributed this discovery to Hippolyte-Victor Collet-Descotils, another notable alchemist, who told him that the dark red substance in platinum salt may be something valuable to consider. It was then discovered as rhodium and has since then been used in many countries.