HOW TO SPOT A FAKE 1 OZ GOLD BAR, what to look for
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- čas přidán 15. 03. 2015
- This video shows a fake 1 oz gold bar and then goes into the details of what consumers can do to help to verify authenticity. A direct comparison is made to an Englehard Gold Bar and the fake gold bar goes through several tests.
Mike - it's the same old adage "if it looks too good to be true, it probably isn't" People who buy gold on E-Bay from sellers in China "because it's much less than buying gold from a reputable dealer" almost deserve to get ripped off. Almost, but no one deserves to get ripped off. Greed comes in all shapes and sizes. An important thing is to spend time learning as much as you can before buying. I spent about a month watching, listening and reading before I made my first small silver purchase - and now I'm doing the same for gold. I can't tell you how happy I am that people like you post these videos as a public service so people like me don't buy a fugazi - thank you!
ALWAYS buy gold bars and bullion either directly from an official government mint or from a reputable gold bullion dealer.
NEVER buy off sellers on eBay.
There are legitimate sellers on EBay who have no interest in cheating people. But I'd still buy a non-encapsulated bar or coin so I could test it.
Never buy from sellers on eBay.
Yeah but I've seen fake gold come from apmex from pamp Suisse. the best way to tell if gold is real or not is to get a sigma metalytics machine which will cost you about $500, if you're buying gold you can certainly afford one. it sends radio waves through the metals to detect whether it's real silver gold Palladium or platinum and its purity
I mostly avoid buying gold from eBay, but I may however occasionally buy a 1/10th oz proof gold coin off a reputable eBay seller.
The only real mint is the US Mint. any other Mint advertised on TV with coins for sale is not in any way related to the government, they only use the word Mint to fool you like that fake bar of gold ,they are privet company's not government
The number 1 thing is to deal only with reputable dealers
I’m Swiss and i can assure you no Valcambi or any other bullion minted in Switzerland ever has the statement ‘unmistakably Swiss” written on the packaging, that alone is a red light that something is not correct.
"It's really Swiss, we swear it! Would we lie to you?"
You're right. It should say "unmistakably Israeli" !!!
oy vey
Would have been nice to see a "ping" test with genuine gold, to compare sounds.
Exactly my thoughts!
I can't rely on the ping test even for silver coins because if you ever try to get a ping from a Canadian maple leaf 1 oz round, it sounds like a dud every time.
Different coins have different geometry and higher relief or raised insignia, that is going to cause the ping to sound different. 90% Morgan's and Peace dollars should always have that 3 second perfect pinnnnnnnnnng. The sound of the ping should be absolutely the same. Even for Walking liberty and Franklin And Kennedy half dollars, they should have the same exact ping sound
Yeah like everyone has a 45,000 dollar bar lying around. ......😤😤
@@kimroberson8376 I always keep one in my back pocket ;)
Two (2) things: First, I wished that you had done the "ping" test with the true gold. I really wanted to hear the difference. Second, I wished that you had held the meter so I couldld have seen it better or read the numbers out loud. Anyway, thanks for the video. The information was very valuable to me.
Hey Mike do you know if they have been counterfeiting smaller sizes of gold marcus 1 grams 2.5 grams 5 graham
The best way to spot a fake is to first know what a real one looks like.
Lol, the combination of your name and profile pic is perfect
If you don’t know what 24k gold looks like you shouldn’t be in the market 😂
Have a real one to co.pare to.
@@patriley8750 Yeah but it still has a bit of blood on it.
But how can you know what is real?
There is one more thing I forgot to mention. The real Scotia Bank 1oz bar doesn't have a serial number on the bar itself. Only the package bares the number, exactly like the fake bar you showed. You can't compare apples and oranges. Not all mints have the same standards when it comes to packaging, securing and marking their products.
He didn`t mention what an acceptable weight is for the real thing either. Is 31.22 grams about right?
If the serial number matches it can still be a fake.
Do a density check on the bar.
@@PouchMaster .. Push the button on the scale. Then watch to see if it weighs 1.000 troy ounces. I'm a big metric fanboy, but in this case it's pretty stupid to make a judgement on the weight of an ounce by using grams.
E-Cur
Excellent video! Very clear and easy to understand.
Settings > Speed x 1.25 (You're welcome)
×2!)
I'm working on getting better, guys. Thanks for the feedback
😁😁😁
@@MarketHarmony Does this hurt your viewing hours? For instance, does it matter if we watch at 2X speed or 1X speed if we still watch the whole video? Heard a big part of CZcamsrs income opportunity is relative to the number of hours watched per week/mo/yr/etc. Just curious. (I often watch in 2X speed, but never really considered this until now). Thanks for the video!
@@DonnieDouglas I don't know. Even if it did reduce the revenue, I wouldn't mind. I really just want people to get the information. I did not create the video for the ad revenue (though it doesn't hurt). I wish that there never was a fake ever made so that this video wouldn't have even been possible!
in short if it is too big then it means it is not dense enough to be real gold
hi - where can i get a tester like that? i can't find any precious metals detector to let me know it's not counterfeit. i got one and it beeps for ALL METALS (stove, purse, etc.) so it's useless. I need a counterfiet detector that's not too costly for precious metals if anyone can help! thanks
I just made a video about Fakes! People need to be made aware! Thanks MH, we need more videos like this!
The first thing I noticed was the poor print job on the label.
6:46 @Market Harmony, please tell us where we can get that xRF surface test device.
Thank you for posting this!
Thank you so much. I just started collecting gold bars and coins. This was very helpful
hey mike ive alway wanted to get into collecting gold, and im still doing research,and learning. how much does ine of those bars shown on this video go for?
Jose Sanchez - 1oz bars are about $1,280-$1,320 right now. You should start with 1g bars, about $50-$70 each depending on the brand, security features, buy-back option, etc. I prefer Pamp Suisse, UBS Kinebar, Karatbars, and APMEX.
The Gold Haven 1 gram bars? That’s pretty bad advice...better off saving up the cost of at least a 1 Troy ounce bar.
Buying grams would incur a shitload of premium.
at comparing thicknes scene at 5:15 it looks like that the edge pattern is like after laser cut vs. smooth genuine gold.
Certainly looks real out of the package. Unfortunately, most people won’t take the time to look that carefully and the bar will end up sitting in a safe deposit box for years as other people also get ripped off. So sad there are so many crooks in the world.
Thank you for this video.
so which is easier to fake the bars or the round eagles?
Nice video Mike.. I still have some of your poured silver bars in my collection.
I have a gold AE and want to know they are all real weighs 1.0909, are the fakes able to get the weight down to the 100th of a oz
I got my gold bar from my LCD. I got it home and upon close examination I see tiny grayish/black dots that appear to be "chipped" gold plating. I cant really tell because of course the plastic won't move. Everything else looks spot on, but now I am really worried. What would you do? Thank you.
Did you take it back?
What is the xrf gadget you used here?
how much was your xray gun? why not use the precious metals verifier?
a simple specific gravity test, given that an el-cheapo scale is available, would do wonders as well.
the thickness tells it all
Where can I get that machine that measures metals? And how much for those?
Thank you for helping this. Good to help stackers.
This video is what we need great explanations sir very well spoken
I wonder how many mugs are sat with bars of tungsten in their safes lmao.
bxz44 they can be so made when the dealer says that shit is fake after they invested into it 10yrs ago or more
Kinda like fort Knox?
If got real gold for sale I can proof it for you just sent me your money no fake notes now I sent be 1st class post
How do you compare using a different brand? Shouldn't use the same brand?
Excellent video. Thanks.
I bought a real 1 kilo gold bar in Chinatown for 60 bucks.
mach sure it is radioactive
You are god.
You should have bought 5
Hahahaha!
Hello Mike. My name is Kris, I have recently come across some pieces I would like your opinion on, please. Some small gold bars that say Mot Luong 37.5 grams at 24 Karats. How can I trust a dealer, buyer? In terms of the value?
question; with a fake bullion or coin that is gold plated (Au = 10% still!)..and a precise weight....does that mean that the acid surface test (scratching a little over a file stone) mistakenly will attest that it is pure gold ?!?!?
Would like to see an density test of actual bar.
Great video but as I’m sure others suggested. Should have did a ping test with actual gold. Still great vid🤗
Should every silver one ounce bar or any bar in weight have a serial number to be certified as real?
what is the name of the instrument that you use to tell the purity of the object in question?
The one he used in the video I believe is the Thermo Scientific Niton XL2100G General Metal Analyzer - they cost around $1500
Thanks... Very informative
To me, Scotia (the reverse logo)is one of the 7 canadian banks. Its a well known Canadian name... but they say it's swiss :/
I'm still waiting for the adoption certificate for the snow leopard that I adopted.
Pourquoi vous ne présente pas à l'écran le résultat de l'analyse ?
Thank. You. Great. Demonstration
Thank you, very good presentation. One of the best tests is weight. This is why I will never buy any slabbed coins or bars.
Nice looking Englehard bar. I love the ring of pure gold and silver. I only ever got ripped off by my local dealer. Fake Morgan’s didn’t look right so I weighed them. 2 grams off. They’re losing about $15k a year from me alone . Great video, thanks for your honestly .
What do you mean theyre losing 15k off you a year
@@user-lq1dk6gr3p
He may buy that much in gold or silver a year.
Wait, wat? Do all assay card open like that? Or just fakes?
Thanks for your video. It is helpful.
What are you doing with counter fit gold?
I know this is old but it's 'counterfeit'...
I'm looking to purchase valcambi 2.5 gram gold
mike, I'm pretty sure that size has nothing to do with it. I had a 1oz credit swiss and a 1oz NTR and the NTR looked much larger than the credit swiss, when I sold them the buyer x rayed them both, they were real. Thoughts?
+philip lippens
Different manufacturers have different sizing specifications. Bars that are longer / wider are going to be thinner than a bar that is shorter / narrow. And a bar that is short / narrow will be thicker. Density never changes, but dimensions can. As long as 2 different 1 oz bars weigh the same and displace the same 3 dimensional volume, then they can be considered to be of the same singular element.
Richard Driskill
Thank you Sir,
For your time and the education too.
I truly appreciate your help.
*****
Thank you Mike.
+philip lippens If 1 bar is wider and longer, it MUST be thinner. Gold must have the same density in all 1oz bars. Usually the variations are minute, most 1 oz bars look identical.
Thank you all, I'm glad I sold them when I did though. I lost about $200.00 on each one, today it is worth even less. I guess it's not for me, I'm to old to buy and wait and I think it's only going lower in the future.
cool, best regards from Germany! Schmidt, Würzburg
Hello, where can I get on of this THERMO SCIENTIFIC metal analizer that you are using in the video, and what is the price?
Look for portable XRF Analyzers. With Gold analysis (costs extra) you easily pay 10000Dollar maybe 20000.
thanks for the info 👍
Thanks dude 👍😎
Is apmex safe to buy from in terms of gold
Hugo Stiglitz from what I’ve heard it’s extremely trusted. I just bought some coins from them. I’d for sure buy from them instead of eBay
How much does one of those testers cost?
So is anybody familiar with Acre gold bars please lmk they are selling 2.5 gram pure gold bars for 30 but i do not see any serial num. On it
Thanks for the video 👍
Very educational and nicely presented-thank you!
Please buy my cheese, it smells very nice, and it is wart free.
Good Job!!!!
Thank You!!!!
With nothing to compare it too, it would be tough to tell. Would have been perfect if you had an open gold bar ready to compare properly including the ping test and proper dimensions back to back. Like many counterfeit products it’s so hard to tell without something to compare it to and here very costly mistake to make.
I could hear the Pittsburgh in your voice in the first 5 words of your intro. LOL.
how the gold plated bar can be heavier than the gold one? and what would stop the crooks to follow the details?
If people fall for a call from the IRS...people will always fall for these bars.
Its a sad thing, that people would knowingly and willingly rip off other people, or steal from others that dont deserve it.
What are thoughts on purchasing precious metals from APMEX?
Good company but also try JM Bullion and Provident Metals and Modern Coin Mart all really good legit companies. To be truly safe stay away from 1 troy ounce offers from unknown mints close to the region of China. To many fakes. Find reputable Bullion dealer who buy directly from the Mints. If you live US best to stick with North American coins Gold Eagles or Maple Leafs of course IMO.
About buy gold and silver coins company? I heard is number one and jm bullion number two
Thanks Mike, however, I would have liked to hear the sound test with a genuine gold bar... ;-)
just flip a gold and silver coin in the air, they both ring like a bell ,other metals wont hold the sound like they do ,you wont forget it
How much for the gold identifier?
Moving a strong magnet near the surface of diamagnetic materials such as gold, silver, copper, zinc and lead will produce a repulsive force which is easily detected but no so easily calibrated . . . however, it is a quick way to reject a specimen which does not exhibit diamagnetic properties.
OK I'm wondering how do you go about buying gold and knowing that your buying real gold and not fake
buy coins and educate yourself on how they look and feel.
thank you for makingetting this video & im Very sorry for the unfortunate Experience you've had with this paticular company I Hope you Got Refunded ,god bless
What is the best place buy gold from
Bullion Exchanges, so far haven't found a more reliable and cheaper way to buy gold! bullionexchanges.com/buy-gold
Also you can buy directly from some of the mints... Like Scottsdale
Me on ebay
ok good presentation
Copper is a relatively heavy metal, but nowhere near as dense as gold. What else is in there? Lead? Tungsten?
Tungsten
Tungsten costs $1 per ounce, the same density as Gold. The NY Federal Reserve shipped Gold plated Tungsten bars to China and Germany.
Remember, the bar was thicker, taller and wider - so it didn't have to be as dense to weigh more.
i have a 24k 10 gram has a buffalo on it could that be real
If you pretty much know it's fake, you can wrap it in a thin plastic so that it keeps the shape of the bar (make it waterproof) and drop it into a container of water that has a hole on the side (make sure the container is as full as possible). Collect the water that spills out. There should be around 31 milliliters of water that spills out. Gold has a specific density. So it should have the proper weight AND volume. Looks like they tried to get close to the right weight as that's the easiest thing to test. But they failed miserably on the volume.
edit: As others have said, there are other metals that has similar density to gold. So it's not full proof. But it gives you something to try that's easy to do. If it doesn't match, it's fake.
I bought a fake omega watch and before that I was going to buy gold on eBay now I'm not after watching this to much fake shit online gets me so mad well now thank you very much for this video
i always thought troy ounces is 31.x grams and a regular ounce is only 28 grams. Most gold bullion does not say troy ounces on it so why would it weight 31.x grams?
In bullion it’s generally assumed to be Troy ounces
Where is the best place to buy Gold then ? I'm looking at Apmex and most of the 10 gm an 5 gm Gold bar don't have Certificate number on them
A local coin shop is a good place to start. Just be sure of the person with whom you are dealing. Character and reputation is paramount to a quality dealer.
Apmex is good. Buy government issue coins from big dealers and you won’t have to worry about the fakes. Bars are too easy to fake
Wow & congrats!
hi Mike, one more thing they printed a swissflag wrong. Have a look at a real swissflag and see the difference.
In my country, "old", poured, 1kg silver bars are really popular. New ones have 21% VAT, but old ones can be had at spot plus a minor premium. Short supply only. NEVER does anyone see a drill-tested low cost kilo bar. And even if they knew how to test silver with a magnet (most private investors actually have no clue at all), a silver sized kilo bar to my knowledge is too thick to know whether of not there is a copper or brass core inside.
Can gold be tested, even to a degree, with a magnet?
for pure gold nitric acid is good tester working at a pawn shop guy brought in some small 5 gram gold plated coins we cut into one of hem an it failed the nitric acid test
Cut into the coin?
Nice video. Want me one of those magic wand analyzers but my god are they expensive. Even used they're like $16,000
Will that electronic device determine if silver is fake? If so where can I get one.
Yes it can. Google "Thermo Scientific Niton Precious Metals"
Great video thanks
Womble stacker uk
Subbed
Good luck with your channel
Thank you sir
@6:27 How does your magic wand know the elements inside the bar if it is gold plated? How does it see through the gold plating to see copper?
It passes a wave throughthe thing measuring resistance
this is a hand-held unit and the depth of investigation for X-rays cannot be greater than a few microns, essentially gives you the surface composition of the tested material.
But don't bars from different mints have different dimensions? I have silver bars, and none of them match at all if they are from different manufacturers...some are thicker than others which changes the dimensions.
How do people on eBay sell fake bars for 99 cents including shipping, and still make a profit. Does it only take a drop of gold to plate it? Like 19 cents worth of gold to plate or what?
Even less than that i bet. Look up electrolysis
Where was the Fake sold at?
If you find chocolate inside does that mean its fake?
Is there a serial number registry for the credit suisse 1oz ? I was given one as a gift and was wondering if it was real.
i dont think there is unless its veriscan which still has fakes on the market . can you see the thickness of the bar this is the quickest way to tell
Wow, that's quite a gift!! Nice
It is going to take determining physical properties of gold by electronic means not by sight only.
what about magnet test ??
Moving a strong magnet near the surface of diamagnetic materials such as gold, silver, copper, zinc and lead will produce a repulsive force which is easily detected but no so easily calibrated . . . however, it is a quick way to reject a specimen which does not exhibit diamagnetic properties.
Thanks for pointing my mistakes . I will fake them better from now on .