Fake vs Real PERTH MINT Gold Bars - How To Spot The Difference!
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- เผยแพร่เมื่อ 28 ก.ย. 2024
- Learn how to tell FAKE Perth Mint gold bars from REAL ones! With the production quality of fake gold bars getting better and better as time goes by, you really need this valuable information. Buy the REAL stuff at www.bullionnow...
ANOTHER WAY to spot FAKE vs REAL Perth Mint gold bars:: • Another Way To Spot FA...
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If they were smart they would have realized that no one would let them leave a 10% deposit and take off with real gold 🤣
You do have to wonder
title should read FAKE OR REAL TH-cam video
I was OFCOURSE assuming the seller was WITH the buyer in the store ...probably innocent and himself/herself a victim...yeah because noone but a friend or something is going to let you take gold with a 10% deposit ....duhhhh
10% deposit on an ounce and a half would be around $300/400. I think they already made their profit. Good luck getting that back!! You ain't so smart after all..
@@chrismalcomson7640 online sale u can always ask it back via the website or your bank
There are fewer actual ways to verifying gold and more producers than ever before. The REAL ones look like crap with loose packaging and frankly I would have thought THOSE were the fakes.
True. But the wrapper made it look dodgy.
I don’t trust any gold that is sealed up, I want to touch my gold. Just my personal preference.
This is why I buy the Canadian Maple silver or gold. They are micro-etched as an anti counterfeit measure. Plus I buy from my local coin dealer whom I used for literally decades to buy and sell. I know their stuff is legit
Bif premium when you buy gold in the form of coins such as Maple Leaf or Double Eagle. When it comes time to sell, it;s worth no more than the gold content.
You can do some pretty neat things with microetching. Depending on the scale of it, you can get structural colour from it (ie. any surface can be made to look rainbow-like).
How can you tell if a bar doesn't have a tungsten core? Xray?
I wish I had a local bullion dealer like you guys 👏🏼
Without the XRF machine you're down to looks really. The reason the bar is thicker is it's made of a less dense filler (copper for the most part). If they're smart, that filler will be Tungsten, which has an almost identical density as Gold, and can be used to core a fake and produce an indistinguishable difference in thickness while maintaining the correct weight. So don't rely too heavily on the thickness of the bar.
Hi, I purchased a 20g Perth bar that I am trying to authenticate. Is there any way to get pics to you guys for your opinion? Thank you!
Throw up a little video of it.. they reply with the links we can all try too help 😁
Thanks for the upload, great content. I would like to see someone who can afford it, start a channel that periodically drills into a new released coin from various different mints from around the world for precious metals testing. *Keeping them honest* I could never afford to do this myself but if someone could make sense out of the initial idea, I would really be interested in this type of content.
The x-rays of this machine pentetrate the metal, not just measure the surface
I ran into this issue just last week, couldn’t sell cuz the shop didn’t have one of these...
Took it to the one that did obviously; and sold. :)
Great video
Thanks!
The XRF machine is a game changer!
The fake gold pack makers taking notes now lol
Raven M even if they did that I would still notice the serial number. I’m trained now
It's quite amazing that the packaging of the real one actually looks to be the fake one, and the fake one looks nice and neat.
There is a moral in that for life Stefan. Especially in this day and age.
Because the Mint is not selling the packaging just the product inside it, but the fraudster is all about the packaging because that's all that he has to sell.
i had few with good packaging.. now how do i know its fake or not?
@@Exialyser By checking them. Take your gold to a reputable jewelry shop and they will tell you immediately.
sounds a bit like the West vs Russia....
If you’re buying online from a big store like silvergoldbull, do you have to worry about getting a fake one?
And this is why I just buy from you guys. Not that I won't buy gold locally but definitely not until I get a metal verify machine
Thanks for all the work you put in. I'm happy to support you guys.
Thanks. We appreciate it.
I am going to be a first time investing in gold and I am so glad I saw this first before I buy my gold.
Thank you because I will going to reputable company for my purchase.
Thanks so much guys for your videos..I love you Australians I’ve learned more in the past year from you guys in Australia.. makes me want to move there .. have a great day guys and thank you
Don't move here yet. It's worse than Seattle.
@@Nitrousous I lived in Seattle for almost a year ..
@@streetcopper1151 How did you fare?
@@Nitrousous I loved it the rain was more like a mist .. where I’m from we get more rain in one rain fall then Seattle get all year .. but when it’s sunny in Seattle it absolutely beautiful
@@streetcopper1151 Awesome. The only thing I know about Seattle is from the show Frasier, which I absolutely loved. Niles was the best.
Great information guys! Very helpful. Thanks 👍🏻
Our pleasure!
Great video! What is the penetration depth of the XRF?
Amazing machine! I would like to see what the mineral/metal content is of a raw gold nugget.
Don't take this as absolute fact, but I read some years ago that most raw gold is roughly 90% pure. The gold that comes from Dahlonega, Georgia however is nearly bullion grade!
would the fakes ones be magnetic? is that a solid way to tell?
Wow great video, thanks for sharing the information
How does that machine work? Does it measure the denisty of the metal?
Wow. That X Ray machine. Kickass equipment 🤑😊❤️. Thank you
Found a bunch of fake 1 ounce bars near my driveway, they have rust on them and some of the gold plating is missing.
Im about to buy a perth mint gold bar from a secondhand store, but where can i verify the bar number ?
Looks like I need to take my bar in for authentication!
Thank you!
the general rule of thumb I go by having worked at a precious metals dealer buying and selling to customers is NEVER to buy from unreputable online or in person sources. Always buy from a reputable and licensed seller of bullion and a partner of the mints. I'm not surprised these are fake because it was bought off of a random seller on a Australian version of Craigslist. Don't buy your stuff from Ebay, Craigslist, Gumtree, Kijiji etc....Always buy direct from a licensed and reputable dealer either in person or directly from their website.
Judging the package can NEVER be used to verify the authenticity of a bar. However, it can be used to identify and reject some fake bars. Every single exchange of gold should involve some kind of verification test of the gold itself.
With bitcoin you can be absolutely sure it is not counterfit.
@@ZelenoJabko Same with gold. Besides, testing gold is a lot easier than testing bitcoin. To verify bitcoin you must run your own node, ensure you are not connected to a malicious network, transfer the bitcoin and pay a fee, implement world class digital security measures to ensure your keys will not be compromised, store your keys with redundancy, be careful with how you use your keys and which computers they are entered into, etc. Then after all this, if your keys are somehow compromised then someone can steal them from anywhere in the world. And this is all to simply protect your KEYS. The bitcoin themselves are never in your custody and always have to be held by the third party network of miners and nodes. So you can’t even self custody your bitcoin.
You think that’s easier to manage and verify than a chunk of metal?
@@RedShiftedDollar you have a point and a good argument. I think I am still bitter as I held gold for the past 15 years when my friends got 5x in the stock market in the same time. Peter Schiff lied to me.
@@ZelenoJabko The US government holds more gold than anybody and they control the dollar. You’ll know gold is fairly priced when they start selling again. Their current actions indicate they think gold has been severely underpriced for the last 60 years. It’s been so underpriced that they haven’t even sold a single ounce out of their almost 300 million ounce stash. I don’t think they’ll activate the reserves until they have a really good reason to.
But when that crisis happens, I’d rather be on the same side as the government (hold gold) vs being the enemy of the government (bitcoin). In my opinion their attitude towards gold will be more favorable than their attitude towards bitcoin.
They mint gold coins as bullion using open market sourced gold. Wait until they mint gold currency coins using metal sourced from their reserves. The constitution’s weights and measures clause grants congress the power to set the price of gold to anything they want. This is why the book price is stuck at 42 bucks an ounce. Imagine if they set a high face value, mint some gold coins, and distribute them to banks for making change. Withdrawing money from the bank in gold coins would represent the purchase of that gold from the government at the face value price set by the government. This is what I mean by waiting until the government starts selling gold again. If you have money in the bank, they can literally force you to buy gold at any price they want. This is the power of the gold reserves and why they store them on a military base alongside the constitution. When they need to activate these reserves it will be a big deal.
@@ZelenoJabko last 20 years gold is up 411%, last 5 years up 60%, last year 12%, 6 months 5.5% ~ average 12% PA. You can dump your house into gold and not worry, try that with a rug pull coin haha Stock market is pretty solid for some stuff like NVDA or AMD once ryzen 1 was released
With the ability to buy from either Bullion Now, or dare I say, directly from Perth Mint. I find it staggering that people still buy these bars.Maybe that’s just me.
Totally agree. Have to be completely nuts to buy Gold bars of Ebay!! Second hand books, DVDs, ok.
Can you do a video that doesn't have the jostling that this video has. Hard to actually follow and notice/compare the differences with the lighting, angles, and depth constantly changing.
It seems that gold is a race to the bottom the pumpers keep talking it will be , but meantime it just drops, kicking the can down the road springs to mind ?
Great video guys! Greetings from Poland. All the best to you.
Oooh, the peeling effect is the protective film. Nice
Great video! so useful and great level of information. Didn't actually weight the fake. What would it weight compared to real gold?
They make them to weigh the same, but in doing so you see the difference in thickness between the real and fake. Fake are thicker.
Apmex has that labeling on the packaging that you said was only on the green bars. Just an observation
Hey Bullion Now! Thank you very much for your videos!
I have a question: do you know from which year on the Australian kangaroo coins are in the round coin capsules like the ones today? Was it from 2009 or from 2010 on?
Thank you very much for your answer and have a nice weekend!
1999 was the first year of the round capsule I believe
How do you detect Tungsten?
That's why I don't buy ANY bars, to easy to fake. Coins are way harder to fake.
Why are coins harder to fake?
You will get scammed there are hundreds of millions of fake gold and silver coins out there. I'm a stacker and coin collector trust me.
Does it matter if I removed my gold bars from their Assay cards? I’d like to fondle it. Lol
Save the packaging, They are your gold bars, do with them as you please, at the end of the day,
Your AU will always test positive for real gold with ALL test, however you should save the assay cards, When you go to unload your bars, I believe you will see a bit more if you have them, if you took them out hopefully have not thrown out the assay cards, they have a serial # and other desired info.
I was thinking the same thing, I want to stack these or have a bunch of them in my hands instead of having them in plastic
It won't matter, it's the gold that has value not the packaging. It can always be melted back down and repackaged.
@M T not to mention the air around the gold might have some residual gold particles, and if you open it, you might lose them. talk about throwing money down the drain!
@@robertoh.20 If unopened, they can never be unopened again, but can always be opened in the future. Mine remain sealed.
Just like a cleaned coin cannot be uncleaned, but an uncleaned coin can always be cleaned in the future, if desirable.
Take a vernier caliper, calculate the volume and then calculate the density and compare that with pure gold density
just buy them directly from perth mint. problem solved
😂
Problem solved for the buyer, but not the poor soul that is trying to sell his gold. In other words, if everyone follows your recommendation, you will never be able to sell your bars (since your advice is to only buy from Perth Mint, and well, you aren't the Perth Mint). Much better advice would be to purchase a Sigma Metalyatics tester if investing in Gold or Silver and simply test the bars.
@@jamesvelvet3612 I'll stick with bitcoin
@@jamesvelvet3612
Sell to Perth Mint? No?
I'm asking.
@@الهجرةلاستراليا-الحلمالاسترالي No. Perth Mint does not buy back your coins.
Buying gold on craigslist! That's your sign!!!!!
Not a great idea!
Me salvaron de comprar una falsificación. GRACIAS POR EL VIDEO !!!!
I bought one of your silver Darth Vader coins! Would have loved the gold one but it was 2.5k (out of my budget range!)
I am looking to buy a small bullion next week and maybe a coin or 2 weekly to have a collection!
Thanks for the video guys!
No worries
Can you compare the weight?
XRF = X ray fluorescence spectroscopy. Just looked it up, never heard of it.
Amazing tech, they even have hand helds about size of a taser with a display screen! 😮
We have one, they're awesome!
How much does that XRF machine cost and does it require Win10 PC? or does it come with its own LCD screen as well?
Comes with own screen. Cost $27,000 AUD.
Awesome video. Thanks for the education
I pay off a soldier guarding Fort Knox and get a pick up load a month ..... should I get it tested ?
😂😂😂😂😂😂😂😂
i have some bars i got for pretty cheap and they passed the magnet test, is the magnet test useless?
It's not useless, but getting them tested with an XRF would be a great idea, IF you're at all suspicious.
@@BullionNow im loooking into getting them looked at at a refinery
Hello does the x-ray work on the gold coated tungsten bars ?
Yes - but it sometimes indicates further investigation required
La luz de la camara daña todo el contenido de la grabación, puesto que no permite ver bien las barras.
would you know, who would have an xrf machine on the Gold Coast, thank you in advance, all the best to you guys
Try Gold Bullion Australia
Try shaking the camera around a little bit more. I love getting dizzy.
Try these: amzn.to/2U07FUU
Their (Chinese, but not only) counterfeits are getting better and better, such as valuable Roman coins. They even sell graded coins, very rare coins - indistinguishable to a layman, and even to a person who knows each other. This is a huge problem.
Is the Perth mint the only one being forged? Are they forging silver?
There are many different fakes from around the world. They seem to go in phases. We had some fake RCMs through recently
@@BullionNow since watching this video I have been watching many others. I am now solidly convinced that I will not buy precious metals from any individuals. Sorry folks, I buy silver but I’m not getting ripped off. Reputable shops only for me.
Hi, I bought a Perth Mint 20g bar from JM bullion web site.
is this site legit?..
I have a magnet so I did magnetic test and it looks good.
JM Bullion are legit. No worries there.
@@BullionNow thank you
Packaging looks niceer on the fake ones lol
Are bullion companies like Jagards in Sydney safe
Any company that deals with secondhand bullion it doesn't hurt to periodically get them to check the bars they're selling! That being said, well known bullion dealers reputations are very important to them and they hold onto that by not letting fakes slip through the cracks.
I can’t find your website, bullion.com. I’d like to purchase
www.bullionnow.com.au
Can someone explain to me why you would buy a branded piece of 24k gold instead of 24k scrap? Gold is gold, right?
The sell back price you would receive, depending on who you sell to. In general, scrap gold gets you less money vs bullion.
Amazing video, really helpful you guys are the best, would love more videos like this,, stay safe 🙏 xx
You're welcome
Can someone explain one some mint brand products cost more than others? I mean it's all the same 1 oz for example. Is it because of the refinement? But it's all 9999 Fine.
There is a variety of reasons. Brand name, freight costs, limited editions, higher cost base, packaging, etc etc. The list could go on and on.
That’s why I only buy straight from the Perth mint ,,,
Exactly. That or ABC
matt tastic
eBay has gone bad over last few years , definitely wouldn’t buy any gold or diamonds precious metals etc of it ,, even the quality of there goods is going south ,,,
Great video! Thanks
Sweet video thanks guys.
thanks for the education guys
If you are told you have a fake tell them to use the element Mercury it will dissolve the gold in seconds I know for a fact if there are any metals that make look gold it won't melt with Mercury and if you have a bigger piece but it's gold it will still dissolve the gold it will just take more time
wanna sort that focus out mate
Why would you purchase gold/silver from anywhere but a reputable shopfront. I get my metals from Ainslie and I have piece of mind.
Interseting info though, thanks.
Any idea why don't they fake it with Tungsten instead of copper ?
Because Tungsten density is very similar to gold, while copper is way less dense and is easy to identify as fake.
I got burned on a fake 5 gram Perth a couple years ago. At least it was nothing larger. Lesson learned.
Did you get even or just take it laying down like a bitch?
@@dougiequick1 , his word against mine. Pointless. I just ceased doing business with him. He lost more long term than his short term gain. Actually, he did me a favor. I got off cheap for the lesson.
I'd just get the 1 O coins (i.e., Kruggerand, Eagle, Maple Leaf) that can be verified by a "Ping Test" with resonance frequencies confirmed with a Smartphone running a "Ping Test" App. If you have also confirmed the dameter, weight and thickness of the coin, then there is aabout a 100% probability that the coin is gold once it passes the "Ping Test" (which also verifies that the mettalic composition is right for the coin).
I trust this method (weight+thickness+diameter + Ping Test) much more than I would trust an XRF. In lieu of the Ping Test, I would gladly substitute a resistivity test done by a "Sigma Metalitics" - however, it's really notneeded ig you'vedone the Ping Test and the Sigma is pretty expensive.
Fake one has a very harsh color, looks like any fake gold jewelry, real one is very nice muted gold.
Its hard to tell. I go for smaller fractionals gold bars.
Wow that was gold, who would of thought shiny is not away good, well done Perth mint ,I think too make that Matt finished they used hydrofluoric acid , not be confused with hydrochloce acid say from school, the former acid is deadly
The problem is that the bars are always held in packets. We cant feel or hold our own gold. its always preserved in bloody plastic.
open the packet..........there fixed your problem.
That Xray spectrometter shoud be used with a lead cover. Such lead covers are sold by that machine manufacturer. That bullion seller is risking his health.
Good is dense always weigh it and check size to weight
If the (real) gold was removed from the tamper proof protective plastic card would it diminish the value of the item.
Asking for a friend.....😁
Depends on your plan for selling it back! Back to a bullion dealer (or at least us, it's hard to speak for everyone) it's still worth 1oz of gold packing or not! On the second hand market though, it may not be as attractive to everyone, but that's where it comes down to more personal preference. We see some people take it out of the card as soon as they get it to touch it. We'll still buy it back for the same price :)
I got a real one hm are they going
Now, what are you guys doing with fake gold bars in YOUR packaging ???
We have gumtree in the UK.
Be careful!
I love your vodeo. I just wished the lighting was a little better so I could compare the kangaroos side by side. The overhead light made it so hard to see and the moving of the camera in that position made my eyes go crossed. But again thank you guy's. I'll be subscribing to your channel for now on. I look forward to more educational videos from you.
Thanks for the feedback and thanks for subscribing!
This is why I only buy from reputable gold dealers and stick with the 1 ounce to 5 gram bullion measurements. The bigger the gold bar gets the easier it is to load with lead or tungsten metal.
can you see. maybe if you lighting was working
Why don't the producers add a rfid chip for extra security ?
Why, they aren't gold plated tungsten?
2:05.....Gumtree is not "private"...it belongs to Ebay ......
Great video
That would never happen to me since I can't afford them
Excellent video .
Thank you.
never buy gold online or Amazon ....they can send u anything.. .
not sure in america, in asia I can buy gold by just walk in the bank and sell back to the bank as long the seal is closed and u have the receipt.....so if they sell u fake one, u can sue the bank...
few tips
Left obviously, gold is more dense than silver. Gold 1 oz is always smaller than silver 1 oz
Liked and subscribed because this literally just saved me money.
5 stars guys!!
- Fred the Newbie
Thanks!!
The corners are always smaller radius of bevel on the Chinese fake bars silver and gold dont ask me why.
Thanks so much
Easy to tell the difference: the original packaging is much more sh*tty than the fake one!!! 😂
And the kangeroos on the back is good, but not as good as the real ones!
@@_robert_the_bruce Nah, the back is what sets it apart. Like they OP of the video said, it's hard to remake those kangeroos. He is right, you can tell the difference of a real and fake one by just that. Also the other tell tale sign, is if you have a bigger piece of gold with the same weight, yes, the bigger piece is fake, since they have to mix in more metals to compensate the weight. Real gold has a huge mass and thin. That by there, you can't fake it. Also, the last part, that is if you buy perth mint gold, the finish matte is also an indication, as gold plated can't achieve that.
So 3 pointers. I would say in general, the thickness of the bar with the same weight is the most general point to spot fake or real gold.
😁
6:40 Fake bar says "assayer and certified" which is a typo. Real bar says "assayed and certified"
speaking of the packaging, have you seen the US Mints new packaging? ( straight garbage )
So basically an XRF machine is the only safest way in protecting yourself from fraud.
@@manatutormtg but it has no intrinsic value and speculators are propping up the price.
@@manatutormtg Bitcoin's price is supported by counterfeited Tethers. When Tether goes boom, so does bitcoin.
@@manatutormtg bitcoin is dollar and dollar on the way out bitcoin will follow
Or buying from a reputable dealer who offers a guarantee.
One could still try to counterfeit part of the gold bar by putting real solid gold to the center that is likely to be x-rayed but make all the edges from cheap metal. Is it worth the hassle, i hope not.