Our Curiosity of the Month for May is the 1oz Rhodium Tuvalu South Sea Dragon Coin, 2019.
This rare coin is on the Margin Scheme (VAT inclusive) and priced to sell quickly. We are very confident you won’t find a better price for this coin.
About The Coin
This one ounce Rhodium Tuvalu South Sea Dragon coin was produced by Baird & Co in London, England.
The coin contains 31.1035 grams of 999.0 fine Rhodium and is presented in good pre-owned condition.
Baird & Co is the only refinery to produce a legal tender coin made of rhodium.
The obverse of the Rhodium Tuvalu South Sea Dragon Coin features the effigy of Queen Elizabeth II by Ian Rank-Broadley along with the weight, fineness, date and “TUVALU 100 DOLLARS” around the bottom edge and is inscribed with “QUEEN ELIZABETH II” around the top edge.
The reverse of the Rhodium Tuvalu features an intricate image of the South Sea Dragon against a mirrored background.
The Tuvaluan $100 coin is similar in size to the UK’s £2 coin which also features the Queen’s head. These coins are legal tender in the South Pacific island of Tuvalu which was a member of the Commonwealth and became independent from Britain in 1978.
About Rhodium
Rhodium has rarely been considered an investment precious metal like gold, silver, platinum, and palladium. However, it is far rarer than all of these metals and may merit investment consideration.
It is a lustrous white metal that is hard and dense. It has very high reflective properties and is an excellent conductor of heat and electricity. It is one of the six Platinum Group Metals. Rhodium was discovered in 1803 by the British chemist and physicist William Hyde Wollaston.
Rhodium is used by jewellers as a coating on silver, platinum and palladium jewellery to make the items more scratch resistant and improve shine and lustre. Due to its reflective properties. rhodium is also used in high quality glass and LCD screen production.
The Price Of Rhodium
The price of rhodium has been volatile. From 2004 to 2008, it rose 2,112% from $452 per ounce to $10,000 per ounce only to fall back just below $1,000 per ounce in less than a year. Rhodium stayed near unchanged from 2012 to 2016. From 2017 to 2018, the price of rhodium rose almost 150% to nearly $2,500 per ounce.
At the end of 2019 rhodium surged to over $5,000 per ounce. Strong demand from China for auto manufacturing and lower supply from South Africa made rhodium the strongest performing commodity in Q1 of 2020. Rhodium started 2021 with a surge to an all-time high of $25,900/oz in May. Since then it has mostly declined in price and is currently trading around the $8650 per oz mark.
Economic conditions can play a significant role in determining the price of rhodium. During times of economic downturn, the demand for luxury goods, including rhodium-based jewellery, decreases. Conversely, during times of economic growth, the demand for luxury goods increases which can lead to a rise in the price of rhodium.
Rhodium is a precious metal that deserves investment consideration. By keeping an eye on supply and demand, economic conditions, geopolitical events, industrial usage, and investment trends, investors can potentially benefit from the rapid fluctuations in the price of this alluring metal.
Read '5 Interesting Facts About Investing in Rhodium'.
Here To Help
We recommend that all readers should do their own research before making any purchases, but if you’d like to speak to a member of the team for some additional guidance, we’d be delighted to hear from you at 01769 618 618, or you can email us at sales@bleyer.co.uk, and we’ll get back to you asap.
