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 World's First Rhodium Bullion Coin - Update 07-30
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n/a
deleted



478 Posts

Posted - 07/23/2009 :  15:40:18  Show Profile Send n/a a Private Message
I just ordered two of them. Paid with paypal so a refund should not be a problem. The reciept said they ship in 2 to 5 days. I'll let you know when/if they arrive. The FAQ at Cohen Mint says the following about shipping delays:

You must be logged in to see this link.

Q: HOW LONG IS IT GOING TO TAKE FOR ME TO GET MY ORDER?

A: WE TRY AND KEEP MOST ITEMS IN STOCK, AND WHATEVER WE DON'T HAVE ON
HAND CAN BE MANUFACTURED FAIRLY QUICKLY. OCCASIONALLY DURING TIMES OF
HIGH DEMAND WE CAN RUN LOW ON RAW MATERIALS. PLEASE REMEMBER YOU ARE
ORDERING DIRECTLY FROM THE MINTING FACILITY, WE DO NOT OFFER LIGHTNING
QUICK SHIPPING. MOST ORDERS ARE FILLED WITHIN TWO WEEKS, WITH SOME ORDERS
RARELY TAKING AS LONG AS 4 WEEKS.

Edited by - n/a on 07/23/2009 16:08:29
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n/a
deleted



478 Posts

Posted - 07/23/2009 :  17:47:41  Show Profile Send n/a a Private Message
UPDATE: Nobody is answering the phone at Cohen Mint and the message box says FULL. Either they are real busy or...........

I'll give it a week and then ask for a paypal refund.
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natsb88
Administrator



USA
1850 Posts

Posted - 07/23/2009 :  18:07:25  Show Profile Send natsb88 a Private Message
How many people are still looking to buy these? I have the owner's personal email address from previous dealings, I can try to contact him that way to see what's up.

Nate
The Copper Cave

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n/a
deleted



478 Posts

Posted - 07/23/2009 :  18:23:37  Show Profile Send n/a a Private Message
quote:
Originally posted by natsb88

How many people are still looking to buy these? I have the owner's personal email address from previous dealings, I can try to contact him that way to see what's up.



I'd appreciate it if you would. Both the 800 number and the local phone number at Cohen Mint says the answering machine is full and not taking any messages.

Cohen Mint Contact Link You must be logged in to see this link.

I tried calling after hearing about non-delivery of Rhodium coins here and elsewhere. My order status link they provided is BLANK. Tracking number is BLANK. My paypal status to Cohen Mint is marked PAID. I emailed also. Thanks for any help. I'll give it a week.

The BBB rating has one complaint (resolved) on file for Cohen Mint. It's for "delivery issues".

You must be logged in to see this link.

Edited by - n/a on 07/23/2009 18:54:11
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natsb88
Administrator



USA
1850 Posts

Posted - 07/23/2009 :  19:11:06  Show Profile Send natsb88 a Private Message
I sent him an email. I'll post here if/when I hear back.

Nate
The Copper Cave

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Copper Catcher
Administrator



USA
2092 Posts

Posted - 07/25/2009 :  15:32:31  Show Profile Send Copper Catcher a Private Message
Update!! I got mine in the mail this weekend! I guess AMEX was able to get up with him when I was not. The coins look nice and I'm glad they arrived.







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Neckro
1000+ Penny Miser Member



Saudi Arabia
2080 Posts

Posted - 07/25/2009 :  15:39:17  Show Profile  Send Neckro an AOL message  Click to see Neckro's MSN Messenger address  Send Neckro a Yahoo! Message Send Neckro a Private Message
Now the question is. Is that really Rhodium!

Trolling is an art.
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n/a
deleted



478 Posts

Posted - 07/26/2009 :  16:50:47  Show Profile Send n/a a Private Message
quote:
Originally posted by Copper Catcher

Update!! I got mine in the mail this weekend! I guess AMEX was able to get up with him when I was not. The coins look nice and I'm glad they arrived.




So I assume you meant APMEX rather than AMEX? Can you elaborate on how long it took to get them or what you had to do to get them? These have to be the most unique bullion coins on the planet. I'm also slightly paranoid about how to tell if these are really rhodium but for the price of two of them, I'm willing to take a chance. I don't see these being made in large numbers or much longer for that matter.

You must be logged in to see this link.
Photo is from the link above.

I'm willing to GUESS how they are made. Powdered Rhodium compressed under extreme pressure. Powdered Metallurgy according to wiki:

You must be logged in to see this link.
Powder metallurgy is a forming and fabrication technique consisting of three major processing stages. First, the primary material is physically powdered, divided into many small individual particles. Next, the powder is injected into a mold or passed through a die to produce a weakly cohesive structure (via cold welding) very near the dimensions of the object ultimately to be manufactured. Pressures of 10-50 tons per square inch are commonly used. Also, to attain the same compression ratio across more complex pieces, it is often necessary to use lower punches as well as an upper punch. Finally, the end part is formed by applying pressure, high temperature, long setting times (during which self-welding occurs), or any combination thereof.
Just a total guess on my part. I've worked with difficult metals over the years and this would seem to be the logical route.


Edited by - n/a on 07/26/2009 19:14:42
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Neckro
1000+ Penny Miser Member



Saudi Arabia
2080 Posts

Posted - 07/26/2009 :  17:02:14  Show Profile  Send Neckro an AOL message  Click to see Neckro's MSN Messenger address  Send Neckro a Yahoo! Message Send Neckro a Private Message
Amex is a credit card company.

Trolling is an art.
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n/a
deleted



478 Posts

Posted - 07/26/2009 :  17:10:17  Show Profile Send n/a a Private Message
quote:
Originally posted by Neckro

Amex is a credit card company.



AMEX is also a stock exchange:) APMEX is a precious metal company:)

Edited by - n/a on 07/26/2009 20:17:36
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NDFARMER
1000+ Penny Miser Member



USA
1197 Posts

Posted - 07/26/2009 :  21:35:03  Show Profile Send NDFARMER a Private Message
quote:
Originally posted by Copper Catcher

Yes...I have several on order. I will end up giving them to my nephews...I figure by the time they are my age rhodium will be worth $$,$$$.



Hey "UNCLE" John just wondering if you still had my address? LOL

COPPER - the "poormans" precious metal!!!

SELLING - $100.00 face copper shipped to you for $189.00 machine rolled or bagged - PM me if your interested.
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n/a
deleted



478 Posts

Posted - 07/27/2009 :  16:14:03  Show Profile Send n/a a Private Message
Rhodium had a 5% jump today.
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GA-Silver
Penny Pincher Member



USA
238 Posts

Posted - 07/30/2009 :  09:12:05  Show Profile Send GA-Silver a Private Message
quote:
Originally posted by Cupronickel

The niobium and tantalum coins are interesting as well. I agree that the price is too high on the rhodium coin, but I imagine it is being marketed strictly as a curiosity/collector item.



Has anyone bought one of the niobium or tanaalum coins?
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Copper Catcher
Administrator



USA
2092 Posts

Posted - 07/30/2009 :  15:20:12  Show Profile Send Copper Catcher a Private Message
A recap: I paid by PayPal but charged it to my American Express Card.
When the bullion did not arrive I called American Express and they quickly took off the charge on my bill and then they contacted PayPal for me, and I assume eventually Cohen Mint to get this resolved.

Again, I ordered three of these bullion pieces on June 1st and finally got the order on July 25th.

Sorry NDFARMER unless you are willing to share in your corn, cotton and copper I am going to have to keep the rhodium.
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barrytrot
Administrator



USA
721 Posts

Posted - 07/30/2009 :  15:41:59  Show Profile Send barrytrot a Private Message
I just bought one of each of the "weird" metals. :)
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n/a
deleted



478 Posts

Posted - 07/30/2009 :  21:10:13  Show Profile Send n/a a Private Message
I just inquired with Paypal about shipping policy. They "require" a seller who uses Paypal to ship within seven days of receiving payment. The next paragraph says that I can't open a dispute until 45 days after payment has been sent. Now I know why everyone hates paypal and the parent company Ebay. How this outfit gets away with this double speak is beyond me.

In the meantime my credit card has been charged BEFORE the item has shipped. How these PM dealers also get away with this is beyond me.

Edited by - n/a on 07/30/2009 21:11:29
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NotABigDeal
1000+ Penny Miser Member



USA
3890 Posts

Posted - 07/31/2009 :  06:21:37  Show Profile Send NotABigDeal a Private Message
Maybe I don't get it. All this hassel for a 1 gram coin? I mean, 90 f'n dollars for one gram? Where do you resell? My local dealer isn't buying those. Between the high prices, and the horrid communication/shipping policies, I've seen and heard all I need....

Deal

Live free or die.
Plain and simple.

"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams
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barrytrot
Administrator



USA
721 Posts

Posted - 07/31/2009 :  09:56:27  Show Profile Send barrytrot a Private Message
Deal: Not everything has to be for profit does it? Don't you have anything for the conversation/kitsch value?

Most of us, well some anyway, have a "real job" where we turn our profit into coins to look at :)
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NotABigDeal
1000+ Penny Miser Member



USA
3890 Posts

Posted - 07/31/2009 :  17:39:22  Show Profile Send NotABigDeal a Private Message
quote:
Originally posted by barrytrot

Deal: Not everything has to be for profit does it? Don't you have anything for the conversation/kitsch value?

Most of us, well some anyway, have a "real job" where we turn our profit into coins to look at :)


Not all about profit, it's about liquidity in case I need the funds. Plain and simple. It seems like you are taking it personal. Don't. It isn't.

If someone wants these, fine by me. Just saying they are not for me. They look neat even. The shipping problems have really turned me off.

I have a "real job". Not sure what you ment by that though....


Deal

Live free or die.
Plain and simple.

"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams
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highroller4321
1000+ Penny Miser Member



USA
2648 Posts

Posted - 07/31/2009 :  21:49:46  Show Profile Send highroller4321 a Private Message
I'm with Deal on this one! Liquidability is the #1 turn off to me. Shipping issues is the #2 turn off to me. I thought about buying one just for show and tell, but I hate tieing up money if I could never resell the coin.

Copper Penny Investing
www.portlandmint.com
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n/a
deleted



478 Posts

Posted - 07/31/2009 :  23:26:29  Show Profile Send n/a a Private Message
Selling the coins is not the issue. Buying them is the hard part! Supply and demand is what will make these valuable. Have you seen the number of views on this topic? Over 840 as of now. That shows there is huge interest in these coins. Cohen Mint can't make enough of them and are backlogged for weeks if not months. The rare metal content of Rhodium is only a small part of the value. Liquidity is hardly a concern unless you are buying large numbers of these. I bet these sell for big dollars in a few years, regardless of the price of Rhodium.

Edited by - n/a on 07/31/2009 23:31:52
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jonflyfish
Penny Hoarding Member



USA
693 Posts

Posted - 08/01/2009 :  00:11:38  Show Profile  Send jonflyfish a Yahoo! Message Send jonflyfish a Private Message
quote:
Originally posted by CuproNickle

...I bet these sell for big dollars in a few years, regardless of the price of Rhodium.



Yep. Will take BIG dollars to keep pace with inflation...

The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities.
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Silver Surfer
Penny Pincher Member



USA
148 Posts

Posted - 08/01/2009 :  10:14:52  Show Profile Send Silver Surfer a Private Message
As long as there are coin and bullion collectors, there should be buyers for this coin. If there are no dealers willing to pay for it, the odds should be in favor of there being new collectors/investors bitten hard by the precious metals bug with varying degrees of interest in owning such a coin. And, of course, as always with anything, it is a given that there are no guarantees.

"Of all tyrannies, a tyranny exercised for the good of it's victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busy-bodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience." - C.S. Lewis

Edited by - Silver Surfer on 08/01/2009 10:18:53
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n/a
deleted



478 Posts

Posted - 08/01/2009 :  22:17:02  Show Profile Send n/a a Private Message
There are ZERO Rhodium coins/bullion items on Ebay now. I'd love to see a Cohen Mint 1 Gram Rhodium coin come up on Ebay. Say a 10 day auction? With some chat board hype? I bet it would sell for lots more than $89.00!
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Neckro
1000+ Penny Miser Member



Saudi Arabia
2080 Posts

Posted - 08/01/2009 :  22:26:09  Show Profile  Send Neckro an AOL message  Click to see Neckro's MSN Messenger address  Send Neckro a Yahoo! Message Send Neckro a Private Message
Or most people will just google the Cohen Mint, and buy it directly for their asking price?

Trolling is an art.
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