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. It is the same story…listed on Craigslist…inherited and selling well below spot. There are a number of ways to spot these fake bars. 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. Fake ---> A quick guide for 1oz Sunshine Mint Silver Eagle Bars. JobIII, Sep 4, 2014 #1 + Quote Reply. Fortunately, our vigorous testing found the bars out to be fake – silver on the outside and copper in the middle. Learning how to spot these frauds was an important step in my education of becoming a wise businessman in currency and precious metals. Bronze silver and gold plated counterfeits are more commonplace… while hollowed out bars have been sold as recent as 2012 in New York’s famous diamond district. Look for silver plating that failed to fill into tiny spots and crevices. but it says one three ounces nine nine. You can imagine how he felt when we showed him that the bar he bought off Craigslist was fake! Most pieces of real gold, including coins, bars and jewelry, should have a stamp that shows the purity of the gold. One relatively easy and fun way to test your silver bars and coins is to place a cube of ice on them. This is an extremely common fake. Silver tarnishes extremely quickly when exposed to an oxidizing agent such as bleach. The fake gold bars danger is very real now. 1 If they say 1 ounce on them, then they should weigh 1 ounce. Fake Silver Bar - How to Spot. 1984 1oz Silver Prospector: This is a more realistic fake than the one above (although this one weighed 21.2g). When inspecting gold and silver bars, rounds or coins, the first details you should examine are their markings. We opened one up and the weight was off and when acid testing it just disappeared with 10kt acid. How to Spot and Test Fake Silver Bullion. If you’re not sure how to spot fake gold, check the piece for a stamp, which will typically be on the clasp, or inside the band if it’s a ring. Posted by 6 years ago. Silver Art Bar collecting goes back over 50 years. 02:34. Silver bullion is a popular investment not only because the metal itself is aesthetically pleasing, but because it can act as a hedge against inflation. 06:17. While it is not a big as before, it is still alive and well. Fake bars can be harder to spot this way. So, when a customer of ours came across some, we were interested. The bleach test is recommended by some as a way to spot fake silver coins. Also, each alloy makes a certain type of sound when you flip it up in the air or move it around. Here we have compared the first generation counterfeit Silvertowne bar to three known versions of genuine Silvertowne bars. Slide the magnet down it. With the bars themselves, we also believe the fake exhibits a discernible drop in ‘strike’ quality demonstrated by fuzziness to the Perth Mint logo and specifications. The downside to this is, of course, that you’ll lose any numismatic value in that coin if it is real and you tarnish the surface with bleach. Counterfeit Silver Bullion Bars - How to Spot a Fake. That is why it is important to have a known good example with you. Buffalo Replicas are a popular recognizable design and at the 5 Ounce Bar Sizes premiums are lower. Archived. Please consider sharing this with your friends: Tweet. No palladium at all. Hopefully this video will help people spot fake bullion, before buying them. However, upon receiving a sample, it turned out not to be made of silver, and is most likely lead. How to Test for Fake Gold and Silver. If you are testing silver bars, there is another way you can use a magnet to see if your silver is real or not. The counterfeit is missing a small … Hi, everyone. Sorry this took me a long time to put out. The text on the front of the bar is thinner on the counterfeit. One small droplet of bleach will tell you immediately if you have a real or fake product. Continue reading at 'All About Silver' Related: How to Spot a Fake Gold Bar With Ultrasound; Fake Gold Bars In Fort Knox - Bob Chapman Implicates Robert Rubin & Larry Summers Angle one of your silver bars so that it is at a 45 degree angle. The usual formulation is 60% copper, 20% nickel and 20% zinc. If you are even remotely suspicious about a Kangaroo Minted Gold Bar seen advertised for sale, our advice is to leave it well alone however tempting the asking price – there is no-knowing what the actual bar is made of! Shady dealers have been peddling fake silver because it is easy for them to make cheaper metals appear genuine. I used to have 1000 of them and sold them all, along with my Franklin Mint stuff, years ago on eBay. Look at the edge of the coin to see if the plating is visible where the rim meets the side; also look between the reeding . Another buyer messaged me when he saw I'd bought a couple & told me they were gonna NOT pass the "ping" test. High net worth individuals using silver bullion as part of their asset protection portfolio need to make sure their bullion is genuine. Please Share this Image On Your Site Also make sure to view the instructional video below, which explains each test in greater detail and shows actual testing of a real vs. fake American Silver Eagle coin. Fake ---> A quick guide for 1oz Sunshine Mint Silver Eagle Bars . Note: experienced metal handlers could probably spot a fake silver bar quickly, even without taking precise measurements. Warning … (He'd also had received some) He was correct! YouTube Playlist on How to Spot Fake Silver (Morgans and filled bars) April 17, 2012 by SchiffGold 0 0. Who would have known that someone would take the time to arrange a slew of videos that can help you learn how to spot fake silver. One person was cheated by someone who sold him a fake PAMP gold bar. While it weighed 1 troy oz, you can see here that its size was closer to a silver bar than a gold bar. I ended up touching on this topic in another post and it seemed to garner some interest. Not just through fake gold bars or banknotes, but through other methods such as fake checks, and using foreign pennies that had the same size and dimensions as dimes in turnstiles in the US. If the piece is real gold, the stamp should bear a manufacturer’s mark and a karat marking, such as 14K or 24K. It is important to know that there are no fake silver bars, coins, or other products that can fake industry-standard silver alloys. A real palladium bar will weigh exactly … Two people living in Ocean View, Delaware were arrested this week for selling over 38000.00 in fake gold bars. How to Spot Fake Gold. Some examples include: German (Nickel) Silver: This is a copper alloy with nickel and often zinc. Older silver bars were poured into a mold to produce a loaf shape. Test Method #1: Silver Melts Ice. A danger with silver, however, is in fakes. Genuine Version #1. Notable Differences. Fake gold may bear a karat mark, but will not have a manufacturer’s mark. All you have to do is weigh it. How to spot fake gold when buying from local dealers If you’d like to buy from a local dealer, despite the risks associated with taking possession of gold, make sure that … 13. Hello guys, Last week I received a package from a trustable Dutch Bullion dealer (what I avoid to say the name for now as I am in negotiations with them about this), On that packages I received 30 1 0z Silver coins,1 swiss Pamp gold bar 1 0z and a Perth mint also 1 … Here is a link to the full article ~JobIII Last edited: Sep 4, 2014. 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