However, some gold bars are plated with a thick layer of real gold, so just because the gold is not shaded, it still could be a fake. Learning how to test if a gold bar is real starts with markings. Fake gold is, though. This incredible system details the surface data (topography) of each bar while they're still in the production line, analyzing each bar's microscopic topography—essentially like its fingerprint. Knowing your Silver and Gold dealer can go a long way in identifying Gold and Silver counterfeit products. That should not be a real issue other than you will only get prices from dealers that have had a chance to inspect the coins. If the coin is too large or too thick, it’s almost certain the coin is a fake gold product. You can put a magnetic to the bar and if it sticks then your gold is in fact an alloy. As a general rule, fake gold is a product that is marketed as gold but is in fact made of another cheaper metal, is a gold-plated version of another metal, or has a purity too low to be sold as gold. Had a fake Perth Mint bill of sale. If you’d like to buy from a local dealer, despite the risks associated with taking possession of gold, make sure that you check the dealer’s reputation or get recommendations. If a magnet is attracted to what you’ve been told is a gold bar or coin, then it’s not .999 fine gold (or 99.9-percent pure). Counterfeit products exist in almost all industries, and precious metals are no exception. We opened one up and the weight was off and when acid testing it just disappeared with 10kt acid. Buy at the lowest price guaranteed! • The fake product is encased in an … Performing Acid Testing Buy an acid testing kit for a more precise estimate of gold karat purity. If it’s a ping, you have the real thing. ALL Perth Mint gold bars [2.5, 5, 10, 20, 1 oz.] Traditional non-destructive silver and gold test methods by density and X-ray spectrometry are incapable of detecting fake bullion and bars with thick gold or silver plating. As long as your bullion stays in the custody of LBMA-approved vendors and vaults, there is no question about the authenticity of your metals. Larger bars will have a larger difference in weight of course and smaller bars, a lesser difference in weight. They have over 150 members from 30 countries, among which are the biggest banks and financial institutions. The fake gold bars listed by starpower18 [sitting in my addidas shoe box next to me] sold within 5 hours for $1,249. Check the MarkingsMuch like an original painting, an authentic bar of gold will have unique engravings from its producer. It takes experience to spot plating, but once you sort out your colors in your mind it's like spotting emeralds and diamonds; it becomes a split-second decision. This new wand will penetrate the surface of gold and silver bars to a depth of 2 mm (.08 in). If it’s a well-known producer, you can compare the marks on your bar with others. This is the reason all gold bullion at the Hard Assets Alliance comes from LBMA-approved mints and refineries. The 1 ounce bar in plastic should weigh about 38 gram (31 gram for gold and about 7 gram for plastic). If there is any abnormality you are … There are coins like the American Gold Eagle and the Gold Krugerrand that are made of 22-karat gold (.9167 fine) and weigh more than one troy ounce (they contain one ounce of pure gold with some alloys to increase strength. Author has 124 answers and 153.1K answer views If you are talking about a Credit Suisse gold bar it should have a serial number on it that you can look up, a small scratch on the back should show only gold. With the overall increase in demand for physical Gold and Silver we wanted to provide an update so that CelticGold readers understand the basics of how to identify counterfeit products. If there is any abnormality you are likely holding a counterfeit in your hands.The ‘Ping’ TestGenuine gold will make a resounding ping sound when it comes in contact with another metal. If they start making the bars of proper thickness, they will err on weight. Highly accurate – reads underneath coating and plating, with a new 2mm depth measurement. Remember that precious metals are weighed in troy ounces. Pay special attention to any slight inconsistencies across the entire bar that are at odds with the producer’s style.Weight is a Huge IndicatorA common counterfeit maneuver is to fill a gold bar with tungsten or some less valuable metal. We’ve all heard stock market sob stories... A friend of a friend tried investing $1000 in a penny stock because they thought it would make them millions. If you follow this advice, you should not really worry about counterfeit gold products. In the case of gold for example, tungsten is often used to make fake gold bars because the density (aka weight for a given size) of tungsten is 19.25 times that of water which is very close to gold… First of all, if you are buying from a reputable gold bullion supplier, you have little to worry about. It’s highly unlikely that a trustworthy dealer would offer you a counterfeit product, but knowing how to inspect gold bars or coins won’t hurt. So it does happen! It is the same story…listed on Craigslist…inherited and selling well below spot. How to Spot Fake Gold In a moment we will look at ways that you can test your gold to determine if it is real, but you can also simply look at it, searching for specific marks and stamps. HOW TO SPOT A FAKE 1 OZ GOLD BAR, what to look for - YouTube In a 1kg gold bar the difference will be about 2 grams. As noted, just recently the Royal Canadian Mint came under suspicion for a fake 1 oz gold wafer. Put simply: the geometrical properties of pure gold will have a specific vibration reaction, and any change to the internal structure of the metal will be revealed in a different vibrational pattern. Can also detect counterfeit silver, platinum and palladium bullion. Universal solution – can detect fake gold bars and coins. In identifying fake gold, an important starting point is to gain knowledge about the different types of gold jewelries. You can measure the height and width of a gold bar with the use of a caliper, a professional tool that can be purchased online for $25 USD. This procedure takes advantage of gold high melting point (1,064 celsius) to test its purity.Vibrations?There is increasing evidence that the vibrational force of gold can help determine the level of purity. Test and detect the purity of gold and silver coins and bars with our advanced precious metal scanning machine to detect fake or counterfeit coins. It is much safer than storing at home or in a bank vault, and your bullion is available for delivery at all times. Perspiration on the skin creates a chemical reaction with the gold. As consumers, it’s important we remember that coming across counterfeit bars is extremely rare. LBMA is an international organization that sets standards for precious metals trading all around the world. I hope this helps you make the right decision and invest in precious metals safely. Buying counterfeit bullion is one of these risks. At APMEX there is a team of seasoned numismatists with over 100 years … Susan Headly recently published an article on the topic, shedding light on the fact that a lot of fake bullion comes from illegal Chinese operations. Pay attention to price. You may opt-out by. Bring a digital scale to a local shop where you would like to buy gold. Read about the exciting and surprising news about gold and silver that made headlines in 2020. Secondly, as this Wikihow article points out, there are a number of DIY tests you can use to ensure you have the real thing.How Should I Invest in Gold Bars?Gold Bullion Suppliers works with customers and industry to improve how to test if a gold bar is real, impure gold, and potential abnormalities in production. Fake 1 oz Gold Bar. Read this post to find out. The great thing is: it’s easier than before to learn how to test if a gold bar is real. How you can make money selling gold bullion, How the 2020 presidential election could influence the price of gold. The best way to ensure the authenticity of gold products is buying gold bars and coins strictly from LBMA (the London Bullion Market) approved dealers, mints and refineries. All gold bars are pressed in exact dimensions with a machine by the producer. How can you make money during these tough economic times by selling your gold bullion? This piece of advice is more suited to government-minted bullion coins (the only kind of coins you should consider), as they have standard dimensions. The same is true if you buy sealed bars from LBMA-listed refineries. You … They are as exact as can be. Silver and gold are not magnetic, but a lot of other metals are. If the dealer sells you gold at or below spot, they either have hidden fees to make up for losses or are selling fake gold. Buying Gold Ask for the item’s melt value. in green assay CERTICARD security case are counterfeit if They waited around for a year before checking the stock. Gold and Silver counterfeit products are damaging to the industry. And the weight just enough to reach the core a gold bar was not. Require any specialized skills to print something than a random ETF, it is still how to detect fake gold bars to some risks. 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