[SOLD]Will you be the first to buy Rhodium for Bitcoin and be a part of history?

the joint

legendary

Activity: 1834

Merit: 1020

Just posting to state that my rhodium coin arrived Cheesy

It was packaged beautifully, the coin came in an airtight case, and TECSHARE included two certificates of authenticity (one from the mint, another providing documentation of the first Bitcoin/Rhodium transaction).

Honestly, this is probably one of the coolest things I've ever purchased with bitcoins. Thanks, TECSHARE!

underminer

full member

Activity: 210

Merit: 100

Not for hire.

I'm shocked. Good job Tecshare!

TECSHARE

legendary

Activity: 3318

Merit: 1958

First Exclusion Ever

Quote from: the joint on November 04, 2012, 03:48:48 AM

I'd do 9 BTC shipped to USA. I know it's half of what you want, but it's twice what I'd ordinarily be willing to pay Cheesy

I just think the coin is so damn cool! Let me know, this is a serious offer.

The Joint is officially the first person to buy Rhodium bullion for Bitcoin! Will include a COA with the bullion to verify this is the one sold here if he ever trades it. Thank you and congratulations!

the joint

legendary

Activity: 1834

Merit: 1020

I'd do 9 BTC shipped to USA. I know it's half of what you want, but it's twice what I'd ordinarily be willing to pay Cheesy

I just think the coin is so damn cool! Let me know, this is a serious offer.

J.Socal

hero member

Activity: 495

Merit: 500

lol..

TECSHARE

legendary

Activity: 3318

Merit: 1958

First Exclusion Ever

Quote from: Qoheleth on September 27, 2012, 05:14:35 PM

Quote from: TECSHARE on September 27, 2012, 03:22:43 PM

Quote from: Dalkore on September 27, 2012, 03:12:02 PM

I would be interested if I could get a more reasonable pricing structure in my opinion. I understand how the physical market works on these things. Your pricing is still out of line even for such a rare material.

Find me one cheaper than mine that you can pay for with electronic payment and I will consider it.

Does wire transfer count as "electronic"?

Edit: Because I can go on Cohen Mint's own website and buy a 1g rhodium coin for 110$, including wire transfer fees and shipping.

You can order a 2012 issue, not a 1st year issue, and you will wait 3-4 weeks.

Dalkore

legendary

Activity: 1330

Merit: 1026

Mining since 2010 & Hosting since 2012

Quote from: TECSHARE on September 27, 2012, 03:22:43 PM

Quote from: Dalkore on September 27, 2012, 03:12:02 PM

I would be interested if I could get a more reasonable pricing structure in my opinion. I understand how the physical market works on these things. Your pricing is still out of line even for such a rare material.

Find me one cheaper than mine that you can pay for with electronic payment and I will consider it.

Ok, that is a valid challenge. Let me see if I can provide you an example. Just for the record, you can consider me a potential customer. I just have some experience with these types of purchases and understand how the back-office works and what happens usually when you buy from a dealer and why they are their fees.

Qoheleth

legendary

Activity: 960

Merit: 1028

Spurn wild goose chases. Seek that which endures.

Quote from: TECSHARE on September 27, 2012, 03:22:43 PM

Quote from: Dalkore on September 27, 2012, 03:12:02 PM

I would be interested if I could get a more reasonable pricing structure in my opinion. I understand how the physical market works on these things. Your pricing is still out of line even for such a rare material.

Find me one cheaper than mine that you can pay for with electronic payment and I will consider it.

Does wire transfer count as "electronic"?

Edit: Because I can go on Cohen Mint's own website and buy a 1g rhodium coin for 110$, including wire transfer fees and shipping.

TECSHARE

legendary

Activity: 3318

Merit: 1958

First Exclusion Ever

Quote from: Dalkore on September 27, 2012, 03:12:02 PM

I would be interested if I could get a more reasonable pricing structure in my opinion. I understand how the physical market works on these things. Your pricing is still out of line even for such a rare material.

Find me one cheaper than mine that you can pay for with electronic payment and I will consider it.

Dalkore

legendary

Activity: 1330

Merit: 1026

Mining since 2010 & Hosting since 2012

I would be interested if I could get a more reasonable pricing structure in my opinion. I understand how the physical market works on these things. Your pricing is still out of line even for such a rare material.

Inaba

legendary

Activity: 1260

Merit: 1000

I already bought this coin from him, traveled back in time and sold it back to him at a premium and he's selling it now. Don't be fooled!

misterbigg

legendary

Activity: 1064

Merit: 1001

Physical delivery for Rhodium is always in the powdered form, for industrial usage. The advent of coins and bullion is mostly a retail market phenomenon after the closing of the gold window and the end of Bretton Woods.

Precious metal coins, Rhodium included, always trade at a premium to the spot price. Platinum and Rhodium in particular, being difficult metals to work with (requiring a high temperature to melt and special tools) trade at a larger premium over spot than gold or silver. Considering that the supply of Rhodium coins is extremely small, the premium over spot for Rhodium specie is the highest of all the precious metals.

TL;DR version: An offer of 2% over spot is unreasonable.

TECSHARE

legendary

Activity: 3318

Merit: 1958

First Exclusion Ever

Quote from: ?? on ??

I'll buy the coin at 2% over spot(spot is how much the metal itself is traded at) shipped to Europe.
Let me know

No.
I would also be interested to see this mythical place where you claim you can buy physical rhodium bullion in a gram quantity at 2% over spot. People don't seem to understand the concept that the value of the spot market and the value of the physical metal are not the same thing. To save some time you can refrain from spot or just over spot offers because it isn't happening.

misterbigg

legendary

Activity: 1064

Merit: 1001

I believe Rhodium Sponge is a moniker given to the powdered form of Rhodium, there's no actual sponge.

Regardless, this is cool.

SaltySpitoon

legendary

Activity: 2590

Merit: 2154

Welcome to the SaltySpitoon, how Tough are ya?

Quote from: BurntSnow on September 18, 2012, 09:18:51 PM

Quote from: TECSHARE on September 18, 2012, 04:36:58 PM

Still available.

I'm not surprised.

I am, you need 1 gram of Rhodium to time travel, I'm surprised some scientist hasn't snatched this up yet.

BurntSnow

sr. member

Activity: 462

Merit: 250

GET IN - Smart Ticket Protocol - Live in market!

Quote from: TECSHARE on September 18, 2012, 04:36:58 PM

Still available.

I'm not surprised.

TECSHARE

legendary

Activity: 3318

Merit: 1958

First Exclusion Ever

Still available.

tenakha

hero member

Activity: 1470

Merit: 509

The coin looks nice...

I was wondering .. as you deal in rare metals.... I've been after a first issue coin of Unobtainium ....

TECSHARE

legendary

Activity: 3318

Merit: 1958

First Exclusion Ever

Quote from: sunnankar on September 11, 2012, 02:05:38 PM

Quote from: TECSHARE on September 11, 2012, 03:01:22 AM

Quote from: sunnankar on September 11, 2012, 02:57:57 AM

Quote from: TECSHARE on September 10, 2012, 03:30:15 AM

I am selling a 1 gram 2009 Cohen Mint .999 rhodium bullion for

shipped insured to the USA.

Rhodium spot price is $1,150 per ounce with 1 ounce Cohen Mint rhodium coins selling for $1,405 or $45.18 per gram or 4.07 BTC per gram. Thus, the premium including shipping is about 445%.

I would be interested in this but would need a more competitive price. Perhaps 5 BTC shipped via Fedex?

Find me some one retailing bullion at that price.

Did you fail to click on the link? 1 ounce Cohen Mint rhodium coins selling for $1,405

You clearly have no concept of how bulk purchases work. That price is for an ounce.

Current rates from Cohen Mint's website with a 3-4 week delivery time, plus shipping costs, no credit cards excepted for MODERN versions of the 1 gram issue, not the original issue...

1-49 coins 71.56 each
50 - 99 Coins 67.56 each
100 + Coins 64.56 each

To sum it up for you, you are ignoring minting premiums for smaller pieces, retail cost, actual retail rates for current issues, as well as collector value, difficulty in obtaining more from Cohen, as well as ease of conversion from BTC. Any other minor points you would like to gloss over?

Dalkore

legendary

Activity: 1330

Merit: 1026

Mining since 2010 & Hosting since 2012

Quote from: TECSHARE on September 11, 2012, 03:01:22 AM

Quote from: sunnankar on September 11, 2012, 02:57:57 AM

Quote from: TECSHARE on September 10, 2012, 03:30:15 AM

I am selling a 1 gram 2009 Cohen Mint .999 rhodium bullion for

shipped insured to the USA.

Rhodium spot price is $1,150 per ounce with 1 ounce Cohen Mint rhodium coins selling for $1,405 or $45.18 per gram or 4.07 BTC per gram. Thus, the premium including shipping is about 445%.

I would be interested in this but would need a more competitive price. Perhaps 5 BTC shipped via Fedex?

Find me some one retailing bullion at that price. Additionally this has collector value because it is the first year issue, not to mention it will be the first rhodium bullion sold for BTC. Will sign a C.O.A. if the buyer likes verifying its historical value.

Does that still make it worth a premium 4 times the spot price? I was interested when I read your headline but geez man, your aren't selling rare dimes.

Topic: [SOLD]Will you be the first to buy Rhodium for Bitcoin and be a part of history? (Read 5623 times)