5+ Ways to Spot a FAKE vs REAL Gold Bar (PAMP Edition)
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- Опубликовано: 28 июн 2024
- FAKE vs REAL gold minted bars, and how to tell them apart:
PAMP Suisse is renowned for producing some of the world’s most exquisite and beautiful precious metal products- but how can you be sure you're not buying a cheap replica?
In this video you'll learn how to spot the difference between a fake and a real gold bar, as well as a couple of tests our staff at MyGold can run to help you on your investing journey.
From visual elements to chemical elements, it's good to know the red flags of a fake bar before you buy.
Looking to buy gold in Auckland, New Zealand? At MyGold® Gold Merchants, you can buy and sell gold bullion, gold coins, gold bars and more! Conveniently located in central Auckland, our team of professional Gold Merchants will supply you with 999.9% pure precious metals.
Moral of the story. Don’t buy gold off eBay
nightmare: unknown fake gold
worst nightmare: knowing your gold is fake after 20 years of stacking.
Still less fake than fiat
Buy only from authorised distributors with a track record and test after buying.
@@MyGoldNZ do u have any websites that u recommend purchasing the bars from?
@@Hoopla-beats yes our site, if you are local. 😊
@@MyGoldNZ damn unfortunately I’m in the US 😔
Seems that the thickness is one of the fastest and most visual ways to tell.
4:00 looks like the only really great method for ALL ingots and coins.
4:43 is not bad too., but not like 4:00
I use JM bullion. Their customer service is fantastic. They do charge a little higher premium than some others. But, I’ve never had an issue with a fake product.
Buy from reputable and authorised distributors only. 👍🏻
Do you have a website?
Excellent video!!!! I learn alot about gold thank you!!!! I Enjoyed learning from your videos thank you for making them it is greatly appreciated!!!
In ancient times the king sought out Archimedes to determine if the crown was lead or gold. He put the crown in water to determine volume and used density and mass. This is an old problem getting ripped off.
Eureka! 😆
Excellent work!
I only purchase my Gold in person from a reputable dealer and never ever online. For me its just not worth the risk.
It's more about future buyer of your ingot.
Even if you return it to the same seller where you bought it. They will use this: 4:00. And it can affect the purchase price.
I'm the opposite. I'll only buy my gold online from one of the major dealers. SD Bullion is my main place.
I trust them more than I trust some guy in a shop. That guy in the shop is more likely to be fooled or make mistakes than SD Bullion.
I've seen videos of these cheap machines test fake gold as real and real gold as fake.
SD Bullion gets their gold from the mint and the mint gets their gold from the mines and it's tested many times with higher quality machines.
Some old guy in a shop can easily have fake gold slip by and sell it on accident. And if you accidentally buy a fake gold piece, he will deny that he sold it to you. He will never own up to that type of mistake.
My gold dealer sells to Floyd Mayweather and Trax NYC. They've never done me wrong so far
Buying gold in person from a reputable dealer doesn't guarantee you won't get ripped off. You still need to know how to check for yourself. Appealing to the authority of others when you can just appeal to knowledge that you can easily learn yourself is a recipe for getting ripped off.
@@thatchinaboi1 if you deal with a reputable dealer , someone you trust, you know they are doing their due diligence…
Awesome. Thank you for the info. I appreciate it. I’m going to buy the first machine. That’s pretty good.
After discovering I bought 4 fake gold bars I invested in a Sigma Metalystics precious metal verifier.
I use it every time I buy gold or silver. And I've figured out what to do with the fake stuff... Make a "bait safe". Once installed if I get broken into they can find that safe, break it open and steal the fake stuff.
A safe is outdated tech anyway. Ever since the angle grinder was invented, no safe can survive more than about 20 minutes. You're better off just finding a better hiding place to slow people down.
@@LarsLarsen77 Soiled underwears.
🤭🙃😁😆🤣😅😂😭💀🤘🤟👍✌️💨
Don’t bury it, I’ll get my metal detector out
Even with a Sigma you have to unpackage the gold to check its weight and dimensions.
That's just great. I can see this becoming a bigger and bigger problem, too.
A cheaper authenticity verification tool would be a caliper and an Ultrasonic Thickness Meter.
Measure the physical dimensions with the caliper and then verify that with the UTM readings set to measure Ag, Au , Pd, Pt or any metals. It's very useful for big bars and thin coins. Best to probe at many different spots on the SIDES, to look for foreign base metals ie Tungsten/lead. If it's fakes such as in video, it would flag it out in seconds. I think an UTM is the best verification tool as it measures the full depth of the metal, checking for fake metal inserts.
We did a video on ultrasound testing... 😊 it's usually best applied for bigger bars it's also a lot slower than this method in our experience 🦬🚀 Thanks for your comment - nice to have experienced contributions! 👍🏻
@@MyGoldNZ Yes. I saw that video too. Yes it's slower, but best method for pure .999 metal testing, The biggest plus is that its the best uncompromised testing method for ,metal properties and yet the cheapest. It's a good tool for an average stacker that test sparingly.
@@ptaeiy actually fire assay is the best method and I'd never suggest anyone use any one method to test precious metals. Need at least two, ideally three because it's possible to fool tests on individual aspects.
@@MyGoldNZ Can't argue with a fire assay, but a UTM is still the best option for non-destructive test to an average (poor) precious stacker. I agree at least 2 verification tests. Density + ultrasonic testing should bring peace of mind to average joe. However, do you know how a forger could manipulate the celerity of a metal through alloying or otherwise?
@@MyGoldNZ ,, Osmium '' Rarest precious metal on Earth
Basic density tests combined wit XRF and Eddy Current and ultrasonic conductance tests will differentiate real vs fake. You can use XRF and eddy current tests right through the package. Eddy current is especially good since tungsten alloys are extremely resistive and gold is very conductive. A heavy plating will defeat XRF though.
Correct. Always use several methods to test. 👍🏻
@@MyGoldNZ what if someone composed a lead alloy plated with gold with the same density as gold how would you be able to detect it? The ping test is just not definitive enough for me and as stated a heavy plate will defeat eddy current test.
Is there a silver stream box for checking silver coins bars etc
Also just to mention if you buy gold buy from a reputable company/dealer. This also will insure you are not scammed.
It also looks like the size of the image stamped onto the bar differs as well since one gets closer to the perimeter than the other.
I noticed that as well. I quickly checked mine to see if it matched the real one!
Thanks for your sharing.❤
i'm interested in the gold screen box but i cannot find it on the website. Are they still offered? I live in the US.
Question: I have 2 pamp one oz bars. In one package the bar shakes (from Costco) and the other bar doesn't move in the package (local coin dealer) at all.
Does anyone know if its suppose to move or not?
Thank you for the information.
Take note! The fake bar on the left on backside at the very bottom says " Certificate Assayer" where as the real one says "Certified Assayer". The signatures on the fake isn't the same either but that signature I seen it on the 100g bar so not sure.
Good intel. That gold tester is neat. Where did you say i can get one? Thanks
Thanks! Yes, we sell the testing devices but we are not exporting to the US sorry.
Hi where can I find the testing machines. Are they portable? Please share machine names specs
I want to buy a thorough one time machine to check on small and big bars any suggestions?
Informative
VERY NICE VIDEO MY FRIEND!!! lots of good info on here. Gotta watch out for coun terfeit and fake gold bars. best thing is XRAY test like you got
XRF is only one test. You need to do multiple tests to confirm authenticity.
Thanks for the video very interesting.
Any idea about gold coins sold at MMTC PAMP?..Pl advice
does the machines work on jewelries too ??
Only buy from a reputable dealer.. Very simple advice... And common sense
Does the same go for silver?
I assume if you buy from a reputable mint or bank that a cert should accompany?
When selling, I also assume you don't allow buyer to take it out back of shop..ie not allow out of your sight?
Yes, this works for silver coins. Certificates can be easily faked so should not be relied upon.
Every little bit of info helps.
can you tell me how much price for this machine usa dollar?
Very informative appreciated
Love it. Tq so much .
Wasn't thinking about buying a gold bar but its good to know.
Great info.
Glad it was helpful!
Also on the package the dot after lamp is larger the the dot on the real bar also the D on the signature on back is different
I'm a bit confused. How does this help you when buying via internet shopping, or did I miss the point somewhere?
No do not buy from the internet only buy from a reputable bullion company. Go there in person.
Very very educated video, could you inform us more detail related to the 2 tools that you use to know the quality of the gold without open the certicard package? Thank you.
Sure, the 'GoldScreenSensor' which we sell and we will be producing more testing videos soon.
@@MyGoldNZhow much is the gold screen sensor?
Only the app is for Apple store? Will you have one for android?
Can I please ask about the app is it free or not on store ?
How do you write shapes and text?
Can you put a link to where to buy that smaller tester? Please and thank you
Sure, please contact us directly through our website for more details.
Where did you get the small Gold Screen Box??
We sell this amazing product! mygold.co.nz
nice material, thanks; but what is the approx cost of those testers?
I googled them and......they ain't cheap.
I focused on the thickness of the bar and I spotted right on that 2 bars were fake as you showed :D nevertheless thanks for good tips
There is a magnet test that will work on these bars. Many people don’t know this but gold is diamagnet. This means it interacts with magnetic fields in the exact opposite way to common ferromagnetic materials. Both the north and the south poles of the magnet will REPEL real gold. The effect is very weak though so care must be taken if you want to observe it. Hang the gold from a long string and then slowly bring the magnet to it. You will see the gold is noticeably pushed away by a very tiny but noticeable amount.
We'd always recommend at least 2 separate kinds of testing methods as they can fool single methods.
@@MyGoldNZ Two is not enough if you only use dimensions and weight. Tungsten fakes will pass. You need one more like acoustic ping, bite test for 24k, paramagnetic repulsion, or Eddy current drag. The first two require no tools. The second two are very simple and can be done with a strong magnet.
Then visual inspection is always required if you want to catch real gold counterfeits.
High grade gold alloy counterfeits like 22 or 23k can be tricky too.
Excellence I would have never known
I have 2 1oz credit suisse and dimensions are different?
Is one of them fake?
I think you already know the sad truth.
Wow thanks for this!
No problem!
They’d work great in a decoy safe tho!
Where do I buy the hand held tool he used. I can't find it on the web site he said it was on. The bigger machines are extremely expensive BUT, so us buying fake gold and stacking it for years. That tool looks to be almost a "Must have" item if you want to buy gold online. I'm still new to all this, so I'm very open to suggestions if there's a better tool that likes the tool he used in the video but a little cheaper. Thank you for this video btw. Very informative 🤘😎✌️
Thanks. If you are in Asia-Pacific we are happy to sell you the testing device shown. Unfortunately we are unable to export to the USA at this time.
I appreciate this well done video. Thanks for saving me $ on my future purchases.
Very welcome!
How do I get a gold screen box ?
link to purchase the gold tester? Ship to Canada?
We do not ship to Canada at this time sorry.
Which website do you recommend to buy real gold?
Our website.
huge bank
where can I purchase the gold screen box tester? Thx!!!
If you are in Australasia, please contact us directly via our website.
Even the crown looks different I mean if you know what your buying the thickness and the crown are 2 obvious ways to spot and scratches
3:20 how much machine like that cost ?
I noticed something on the printing that also was different to the real packaging. The ® symbol (registered) was in a thicker font on the fakes.
Good eye.
So, what if you don't have a "genuine" product to compare it with side by side.
Thank you i did not know that.🤔
thank you sir
Biggest tell is the design of the figure on the fake bar. It's different from the one on the real bar. You can tell by comparing the figure on the fake bar to the figure on its own packaging, which still has the design of the real bar.
Then what as the fakes get so good the minting is comparable? That's why at least two methods are required to test gold. 👍🏻
You would need a real one, same size/weight yo compare it with.
Especially for someone just starting
Yes, it's easy to spot and I'm just learning. about it.
May I know what the different between PAMP suisse lady fortuna gold bar and PAMP suisse gold cast bar? Why their price is different?
different premiums for bars with design, regular bullion bars have lower premiums
I want to buy a fake same bar tell me where i can get one same copy
Does Apmex sell genuine Pamp bars?
Very nice
Thanks
Great content. New subscriber
Welcome aboard!
Also, the Lady on the fake bar had a complete different profile. That was the first thing I noticed.
I understand counterfeiters will use tungsten as a core then put a coating of pure gold around the core - the weight of tungsten is very close to gold - will machines detect this?
Correct. This machine will detect most products with tungsten cores.
Reminds me of when I became an expert on counterfeit Montblanc pens after I got ripped off.
Do you know where can buy real gold in London?
Can you do please Degussa Edition Fake Vs. Real?
What about weighing the bar and the displaced water; it worked for Archimedes.
Yes, but these bars are in packets. The density of tungsten is quite close to that of gold as well.
where the heck do you find a "gold screen box" ?
Ebay is absolutely full of these, it's also full of fake Silver Bars.
You would think they would get a grip of it.
💯 Only buy from authorized distributors that have supply provenance (chain of supply directly from the mints).
Density= mass/volume use that formula
Hi Rich
Could I buy from you as I live in Scotland?
Please contact us via our website for more information.
Is the design on the real one always the same?
It's easy to spot then
And that's the reason I've switched to coins. There's so many non destructive ways to test them (not being in card etc.) that making a fake coin pass all tests the only way to make it is to make a 100% replica - which for bullion is nowhere near as bad as a non precious coin - neither is very common either as there's no business in it for counterfeiters although in history there has been states copying bullion coins in order to sell their embargoed gold. Tungsten Krugerrand you say! Well... It can't even pass the ping test so while weight and diameter can certainly be correct it's easily identified as fake.
There's one benefit over bars though and that is most of them have serial numbers where as coins do not. Whether you like that or not is ofcourse dependent on personal belief as well as where in the world you are as some countries have bad tendencies. Here round "bars" or just serialized coins could be a nice if such is made - I mean even banknotes have serial numbers. Also in the case of theft the stolen goods is easily registered in the theft register - nobody looks up unserialized coins - nor does it seldom give meaningful results. Sur metal can be melted but it's something you need to get the equipment for and if selling much melted presious metals then you might as well attract unwanted attention.
Can you explain how to test 24k and 22k gold
How to avoid these things when you're purchasing online though? Just ONLY buy from reputable dealers?
That's a good start, yes. Supply chain matters 👍🏻
The mural on left is larger.
Can the magnet test do the work or you need more proof
Copper and tungsten are non-magnetic so that won't be very helpful.
Where to Buy?
If you are in Asia Pacific, please contact us via our website.
I bought 8 oz for 1680 an once and when gold hit 2000 last summer I sold 4 back to the same local coin shop I purchased them from. I made the profit and a few days later they called me and said 2 of them were fake. I had the receipt with pictures of the day I purchased them. The employee who bought them back basically threatened me physically and I made a deal with her to return the profit but not the principal I paid for the bars. Now I have 4 more bars that are questionable and lost a long time relationship with my local coin shop...what can I do
Wow! That's an awful situation. Perhaps report them to your local Police or other agency for selling counterfeit goods. Depending where you are, that could be quite a serious situation for your LCS.
but you bought from them? How did they sell the fake one at the first start?
XRF (X-ray fluorescence) is an excellent tool as it does elemental analysis telling you exactly what the imposition is. at least on or near the surface. From what I've seen the equipment is cost-prohibitive for the average person (In the $20,000 range) and the user / owner may need special licensing / certification as it is an X-ray (ionizing radiation) source.
Checking dimensions to estimate density is a simple check but the counterfeiters will use tungsten which has the same density of gold to cheat this.
The electrical testers (such as Metalytics) check the conductivity of the sample; these are much more affordable (several hundred dollars) and can measure deep into a sample.
Yup XRF units are spendy but you can get used ones and fix them up. Older ones use nuclear sources like radioactive cadmium in them that needs periodic replacement. Newer ones use a mini x ray tube and a filter that cuts out the low energy band of x rays. They do have one major flaw though, they only scan skin deep. A while back i had a crapton of gold plated laser diode mounting blanks and the xrf said it was Au 96% and Si 4% which was only accurate for the top plating. In reality it had Cu65/W35 for the mount, a Ni layer a Cu layer an Ag20/Au80 layer and the final Au/Si layer. 🤓
There's more fine details on the fake bar, which seems really strange to me- maybe so that the assumption that the detailed one must be the real one traps more people
Thank you for this video! I've ALWAYS wanted some PAMP gold bars since I saw them on Ebay, but I didn't want to chance it being a fake. With that said, I'll got to a reputable dealer so that I KNOW it's real!
Good man! 🙌🏻
Always negotiate a price for a buy back at the time of purchase
A little bit surprised you didn't advise weighing the bar, often but not always they get the weight wrong.
That would be not too helpful, given the packet-weight would throw any weighing. It the fake is copper-filled, then a simple measurement test would easily detect the fake.
Which is the correct dimension of the bar?
Excellent video. Music was distracting though.
🤘🏻
It's very hard to tell from a photo as that only show back and front you can't tell the thickness of the bar
Yes, that's a good reason to buy from a reputable dealer and not buy from untrusted sources.
Oh crap. I just sold my house for 20 gold bars. Dang it. Third time I've done it.
Do they ship GoldScreenSensor to US?
No, we do not sorry.
hi do you have a branch in the Philippines?
No, sorry.
I like Archimedes’ method from 212 BC.
Is a Sigma Metalytics Verifier machine an XRF machine???
We are not sure sorry. XRF stands for X-ray fluorescence and is typically only seen in more advanced testing equipment.
Супер информация для Коллекционеров ,нумизматов.
Well, that was a very instructive video. Kind of turns me off the idea of buying gold. 😁😅