With the price of silver and what he paid he should of gone back in to the coin shop. I'm surprised to hear a fake bar coming out of a coin shop. They always test stuff before they buy it usually. Makes me wonder about this coin shop. Feel bad for the guy. I'd be super p****d!
A couple weeks ago, I had a couple silver rounds that I bought from my LCS that I had some doubts about. I do not have a Sigma machine, but the rounds came up heavy (one was 0.7 g over, one was nearly 0.9 g over). I went back and expressed my concerns. They told me that they were X-ray certified by their wholesaler before they got them, but they checked them again while I was watching. They tested good, just heavy. They told me that if I was still concerned, they would switch them for other rounds. That is the kind of service that keeps my custom with their shop.
Every LCS should have one of those analyzers sitting on their counter for both the owner and buyers to use. It might also deter any sellers of knowingly passing fake silver to the LCS. They'd see it and think they could get caught. I'd bet a lot of this fake silver comes from Ebay-type venues (faceless, anonymous entities).
Speg, a couple of days ago I finally received my Sigma Metalytics Precious Metal Verifier that I ordered two months ago (they have a backlog of orders). Man, I love this device! Thank you for the heads up. I got the same one you show in this video. Over the past two days, I have tested every piece of silver I own, with the exception of a big bag of junk silver. I've only found two "questionable" pieces, so far. One was a 1oz silver round that was given to me by my employer, back in 2008. It was a special round made for the company, and even has the company name on one side, and an eagle and ".999 fine silver one ounce trade unit" on the other. When I set the Sigma unit to 99.9 Pure silver, the reading is off the scale, to the right (right arrow indicated). The round also slides noticeably faster down my magnet ramp than a silver eagle. Completely fake. Not silver at all. My company got hoodooed, lol. The second "questionable" result is an old Englehard 10 oz silver bar that I bought a couple of years ago from either APMEX or JM (I forget). This is a "vintage" bar, from probably the 1960s or 70s, and is thicker, but with smaller length and width dimensions, than most modern 10 oz silver bars. It is stamped .999 fine silver, but when I place it on the Sigma detector, the bar is just outside the bracket, to the right. When I set the Sigma to Sterling Silver or 90% silver, the bar reads inside the bracket. I'm guessing the purity of this bar, being vintage, may not be quite up to modern standards, but it is still at least 90% silver, probably in the 95% range. Quite interesting.
+1 show your process. No narrative necessary. What precautions do you take to capture filings/dust in case it is genuine? What do you suggest be done with genuine bullion that has been subjected to destructive testing? What you do show is fascinating. Thank you for sharing your knowledge.
The specific gravity test is a very strong proof for PM authenticity. I didn’t want to part with hundreds of dollars for a store-bought model so I researched, designed and built an apparatus to conduct specific gravity tests of 1 ozt. rounds. The test is super sensitive and must be rigorously carried out in order to derive accurate results. Excluding the electronic scale, construction materials amounted to less than US $20. Don’t forget the substantial value of the specific gravity test.
I've purchased a good deal from JM/Apmex/SDB etc, the only issue I've ever come across was when I purchased $50(FV) of 90% silver coins. When they arrived I was $0.25 short, and one of the quarters I got was 1972. I sent an email, and the next day had two replacement quarters sent my way, no questions asked.
Take it back and get a refund. Ask them to buy the tools to measure the true content and weight of the items they sell! Thanks for taking me through the explanation! I enjoyed your video!
I went in to a pawn shop by me and the guy showed me some fake eagles and Morgan’s someone brought, he said the owner ended up buying them and didn’t know they were fake, thought to myself how do you not test coins that come in.
Just push it into an ice cube, if it instantly cuts it in half it’s silver. Hard to fake that sort of thermal conductivity unless it is solid copper and there’s a 10% difference in density between the two so you would spot that by eye.
Bummer. Must have been East Dallas shop. Knew 3 or 4 ppl who got fake stuff from East Dallas shops. They usually scrap any gold or silver rhey take in but if they get a fake they will try to resell about 10% below spot and act like they are incompetent
As always a great video and very educational. You are correct a coin shop should have a testing machine or some other method of testing what they are buying and selling.
Thanks SpegTacular for the heads up on the ZUYTDORP coin. Got it in the mail last night. It looks beautiful, and thanks for the promo code saved a couple of bucks. THANKS VERY MUCH.
My opion if the coin shop or LCS doesn't have a sigma or some kind of verifier then I wouldn't buy from that establishment it's now become a must that all LCS and metals.shops carry use and test ur metals ur buying without any care and if they get mad or refuse or don't have any verifier then nope not buying
Yes!!! In Austin and bought one like that from a pawn shop. Got home, did my tests and it was deff fake. When I returned it's he didn't even put up a fight or argue. I'm assuming he sells fake stuff more than not, how do you report something like that?
Agree, some time the verifier the shop have may have defective and pass off as real silver but we never know. I be bringing my verifier with me when I buy so I don’t have to drive back for refund.
PM's are still relatively cheap, even with the crazy dealer premiums. But hey some of us love rolling the dice at rinky dink shops in search of a deal🤷♂️
Was thinking you'd do the tap test. When I was child my father was big into coins and numismatic news and all that stuff and his favorite coin like it was the silver half dollar. He used to show us that by balancing the coin on the tip of your finger you could tap it with another coin on the edge and you could hear the distant sound the higher content silver coins made. Thought that was interesting to share as I'm sure the pure silver bars you get would do the same thing.
I wish had a reliable source for cheap fakes....Building a decoy box for would be thieves.... I just leave my 40% stuff in the open for now....Great content !
Had a fake apmex bar bought off ebay. It was In a capsule, and slightly scuffed to hide the misspelling "precious metals ESCHANGE" LOL! failed all tests available to me. Acid, ping, size and and ice test.
This was a couple years ago I bought a $50 bag of halfs mostly Kennedy's and 10 of them where 40 percenters. I know the coin shop is reputable and I didn't catch it until I went through the bag at home so of course I don't have much recourse I did tell him about it though and look through quickly everything and every subsequent bag of junk I've purchased but the coin dealer really upped his game Too I think at the time silver was selling for nine or ten bucks an ounce so it wasn't much of a loss
Being very new to the space this concerns me. I just recently my first coins from local coin shops. I assume they are legit coins. The shops have been in business here for years and had good reviews.
In addition, you can buy testing kit from ebay that costs about $15. The challenge was for me is: how to use the acids. But hey, everything on TH-cam for you to learn, and it saved me money by not buying a fake items. Also, practice more than few times will help to identify plated, coated gold and silver. One more thing is a small, round file that can scratch surface of an object to see what under and put some acid in it.
Great video; thanks for sharing. But just FYI, unless you're considering 3 dimensions, the size of the bar, height & width, don't tell you a thing. All that matters is weight and volume, from which you get density. So that the fake bar varies in size from a bar from another supplier, APMex in your case, doesn't tell anything.
I have a few of these I purchase on eBay when I first got into silver that I believe are fake and the seller had real good feed back but now has been removed from eBay I would like to send to you for testing and destroying if fails
Found a couple of listings on eBay for silver bars/rounds that were priced under spot. I knew something was up, but I attempted to purchase them. Both had the same warning come up that the seller was not able to sell items at this time. Is that eBay putting a stop to people selling fakes? Or is that the seller, keeping their products advertised for sale, but not sellable because of spot change? Strange. Thanks for sharing Speg!
I started accum'ing silver in 2001...actually started in 1965 when I spent my lunch money on silver coins the gals at the school cafeteria registers would save for me....In 2022 I am not that much into buying or selling at the moment, these $3-$4-$5 premiums completely pi** me off. Looks to me like the days of "a buck (or 69 cents) over spot" may be gone forever on generic forms. But I can tell you that there is no way in the known universe I would be active in the physical metals market without a Sigma machine. Yeah, it's a $700+ machine, but how many fake gold Eagles would you have to buy to pay for it? The fakes have only gotten better, better, better over time; in silver dollars they are ghastly good. And nobody is ever prosecuted for counterfeiting even Silver Eagles, so it's just open season on fraud.
Last week I came very close to buying a 10oz Northwest Territorial Mint bar on ebay. The bidding went beyond my budget and I dropped out of the bidding. Perhaps this was a narrow escape?
Well. I have most of my silver from my LCS... hopefully they didn't sell me fakes. They don't test your silver when you sell to them. So I'm not sure if they test before they sell to you.
SpegTacular thx what is the make and model please I will try and track one down. I bought a 1oz pamp gold fake bar on eBay a couple of weeks ago but luckily I already owned a real one so noticed it was thicker than my one but even the code worked on the back of the packaging and I was refunded immediately but he wouldn’t give me the return address to send it back so I still have it
I bought on eBay from what seemed to be a reputable seller with good reviews. I got two peace dollars one in a cardboard holder the other in an air tight. The carboard one real, the air tight looked small and I had doubts instantly as soon as I felt it I knewit was fake. The ping test was off, I weighed it and immediately contacted the seller just to inform them and present pictures of it on the scale and next to the first which was obviously a larger coin. I didn't accuse the seller and gave him the benefit. He did refund me for it but asked for it back so I cut into it with a dremel so he couldn't sell it again. I really did not want to send it back in fear someone would not notice it was a fake but I insured that but cutting it and making the brass visible
@@marcelojuarez3344 Morgan dollars and peace dollars yeah, and those have a high premiums anyways. Halves, quarters and dimes? I've never heard or any faked for their silver content. a few for super rare numismatic value maybe but are people really faking them for their silver content? I can't find anyone who's ever posted they got a fake. please share if you have it would be much appreciated!
@@marcelojuarez3344 Actually never mind. I looked more into it and wow yeah those can be faked too. More rare but I guess I got the idea no one was faking them from some youtube videos and coin shops that talked about how they never get fakes. I'm gonna magnet and ping test my bags here in a minute. thanks for bringing this to my attention. They even fake mercury dimes. I found a chinese website selling them too. funny thing is they're selling them for more than what a silver dime is worth. so why are people buying fakes when the real ones are less?
5:00 You should have showed that your other one ounce bars lined up together, all with the same dimensions, if that is what you are trying to show. I don't see a problem, as the suspect bar has more bulk on the corners, and the good bar has more bulk on the sides. 5:15 See what I mean? Even your known good bars have different dimensions.
This doesn’t surprise me at all. I asked my lcs how do they know it’s real and they said they just know.🧐 and one day I went in to sell and they didn’t even test it.
So, I have been wanting to, finally, start buying silver. Now I'm more worried. How do I protect myself with no solid knowledge on this? Maybe buy silver dollars straight from the mint?
The good thing is 1 oz and not 10 oz or 100 oz lol but damn I have to check my silver bars now, I have 1.2.3.5.6.10 oz silver bars 5 of each one now im thinking if I have a fake one there 😐😖
With the price of silver and what he paid he should of gone back in to the coin shop. I'm surprised to hear a fake bar coming out of a coin shop. They always test stuff before they buy it usually. Makes me wonder about this coin shop. Feel bad for the guy. I'd be super p****d!
Great testing and grinding!! Wise words to be aware of the fakes out there. We're gonna see more of them as the prices go back up!
A couple weeks ago, I had a couple silver rounds that I bought from my LCS that I had some doubts about. I do not have a Sigma machine, but the rounds came up heavy (one was 0.7 g over, one was nearly 0.9 g over). I went back and expressed my concerns. They told me that they were X-ray certified by their wholesaler before they got them, but they checked them again while I was watching. They tested good, just heavy. They told me that if I was still concerned, they would switch them for other rounds. That is the kind of service that keeps my custom with their shop.
Every LCS should have one of those analyzers sitting on their counter for both the owner and buyers to use. It might also deter any sellers of knowingly passing fake silver to the LCS. They'd see it and think they could get caught. I'd bet a lot of this fake silver comes from Ebay-type venues (faceless, anonymous entities).
If they don’t have analyzer then we can bring out own if they allow us to used our analyzers to test it if not walk away.
Amazon is allowing fake bullion to be sold under sponsored adds. If you leave a bad review to warn people they will take it down.
Speg, a couple of days ago I finally received my Sigma Metalytics Precious Metal Verifier that I ordered two months ago (they have a backlog of orders). Man, I love this device! Thank you for the heads up. I got the same one you show in this video. Over the past two days, I have tested every piece of silver I own, with the exception of a big bag of junk silver. I've only found two "questionable" pieces, so far. One was a 1oz silver round that was given to me by my employer, back in 2008. It was a special round made for the company, and even has the company name on one side, and an eagle and ".999 fine silver one ounce trade unit" on the other. When I set the Sigma unit to 99.9 Pure silver, the reading is off the scale, to the right (right arrow indicated). The round also slides noticeably faster down my magnet ramp than a silver eagle. Completely fake. Not silver at all. My company got hoodooed, lol.
The second "questionable" result is an old Englehard 10 oz silver bar that I bought a couple of years ago from either APMEX or JM (I forget). This is a "vintage" bar, from probably the 1960s or 70s, and is thicker, but with smaller length and width dimensions, than most modern 10 oz silver bars. It is stamped .999 fine silver, but when I place it on the Sigma detector, the bar is just outside the bracket, to the right. When I set the Sigma to Sterling Silver or 90% silver, the bar reads inside the bracket. I'm guessing the purity of this bar, being vintage, may not be quite up to modern standards, but it is still at least 90% silver, probably in the 95% range. Quite interesting.
Thank you for helping to keep our community informed and safe.
You gotta show the grinding!!! the suspense was built up but the reveal was weak. still love your stuff.
Truth be told.. that bit flew off /broke and I had to scrape it with sandpaper ... hahaha
+1 show your process. No narrative necessary. What precautions do you take to capture filings/dust in case it is genuine? What do you suggest be done with genuine bullion that has been subjected to destructive testing? What you do show is fascinating. Thank you for sharing your knowledge.
@@macoppy6571
LoL.. "Capture .7 cents of dust from Silver!" (xD)
@@Spegtacular oh mannnn ,that would have been cool to see.💯 Funny too. I agree on the grinding, would be cool to see. I'll still watch either way👍
"Probably not the most accurate scale". Proceeds to slam bars down one after the other😂😂😂
The specific gravity test is a very strong proof for PM authenticity. I didn’t want to part with hundreds of dollars for a store-bought model so I researched, designed and built an apparatus to conduct specific gravity tests of 1 ozt. rounds. The test is super sensitive and must be rigorously carried out in order to derive accurate results. Excluding the electronic scale, construction materials amounted to less than US $20. Don’t forget the substantial value of the specific gravity test.
When buying from bullion outlets online like Ampex or JM Bullion, are those pretty safe when it comes to avoiding fakes?
Yes.
I've purchased a good deal from JM/Apmex/SDB etc, the only issue I've ever come across was when I purchased $50(FV) of 90% silver coins. When they arrived I was $0.25 short, and one of the quarters I got was 1972.
I sent an email, and the next day had two replacement quarters sent my way, no questions asked.
My reloading scales will work for my GOLD AND silver.
Say it isn't so. Fake silver from Texas? You could get shot for something like that. I don't mean you personally, you are famous.
Take it back and get a refund. Ask them to buy the tools to measure the true content and weight of the items they sell! Thanks for taking me through the explanation! I enjoyed your video!
very cool, I always like looking at the fakes that are out there, staying aware of all the different kinds.
I went in to a pawn shop by me and the guy showed me some fake eagles and Morgan’s someone brought, he said the owner ended up buying them and didn’t know they were fake, thought to myself how do you not test coins that come in.
Just push it into an ice cube, if it instantly cuts it in half it’s silver. Hard to fake that sort of thermal conductivity unless it is solid copper and there’s a 10% difference in density between the two so you would spot that by eye.
You should make a video of that technique.
That poured stack video was a tear jerker
Bummer. Must have been East Dallas shop. Knew 3 or 4 ppl who got fake stuff from East Dallas shops. They usually scrap any gold or silver rhey take in but if they get a fake they will try to resell about 10% below spot and act like they are incompetent
Bought most of mine from SD Bullion. I’m going to a coin show on the August 28th. Hoping to buy some testing equipment to make sure I don’t get had
As always a great video and very educational. You are correct a coin shop should have a testing machine or some other method of testing what they are buying and selling.
Thanks SpegTacular for the heads up on the ZUYTDORP coin. Got it in the mail last night. It looks beautiful, and thanks for the promo code saved a couple of bucks. THANKS VERY MUCH.
No magnet test?
I don’t always use every test in these videos. I can use the magnet next time if you’d like (it’s non-magnetic by the way).
@@Spegtacular just curious....did it have a slow silvery slide or fast and furious fake slide or did u test for sticking to the magnet only
@@Spegtacular Brass is magnetic too I believe?
No
@@Spegtacular Yeah not pure Brass, you win this round but I'll be back. "runs away screaming this isn't over"!
My opion if the coin shop or LCS doesn't have a sigma or some kind of verifier then I wouldn't buy from that establishment it's now become a must that all LCS and metals.shops carry use and test ur metals ur buying without any care and if they get mad or refuse or don't have any verifier then nope not buying
This! Good comment Jonathan.
@@Spegtacular well thank you but makes since lol
My LJS has a tester but GoldLock has testers too. Thanks for the coupon spegtacular, I really had to check my white and yellow pandas!
Yes!!! In Austin and bought one like that from a pawn shop. Got home, did my tests and it was deff fake. When I returned it's he didn't even put up a fight or argue. I'm assuming he sells fake stuff more than not, how do you report something like that?
Report it to law enforcement if you think it’s being done on purpose.. as long as they’re not defunded ;)
Never let anything drop on your scale, it damages the sensors, always gently place it on the platform.
Very good video one of the best for counterfeiting to tell people this is fake keep up the good work enjoy your videos.
I really enjoyed this video. Great job.
"These scales are cheap. They do come from China". And the same can be said about the fake bar too!
Agree, some time the verifier the shop have may have defective and pass off as real silver but we never know. I be bringing my verifier with me when I buy so I don’t have to drive back for refund.
Wow, pretty good fake silver. Gotta look out. Good call out Spergie. 👍
I try too buy from bullion dealers for this reason.
PM's are still relatively cheap, even with the crazy dealer premiums. But hey some of us love rolling the dice at rinky dink shops in search of a deal🤷♂️
Wish those signal analytics machines were not so expensive...
look up how to test for fakes using specific gravity (it just uses a scale, a cup of water and a string)
HaHaHa Keep the Bar and give up the magnet and sticker. Nice job Speg.
Does anyone know the name of the app that confirms the ping test?
that's too bad feel really bad for. I really blame the shop where she bought that at.😭😪😥
I your Channel, keep up all the very good work you do
Dang! That was a tuff one, but The Sigma comes through again! Yaaay!
Thank you Señor SpegTacular 👊🐻
Sigma for the win. Thanks man.
Seems you should have used the calibers to determine volume, not 1 or 2 dimensions. Or displacement in water.
If people make time to conterfeit one ounce bar and put it in coinshop around here dallas area? what hopes does we have for bigger bar?
Love that you do this!
Was thinking you'd do the tap test. When I was child my father was big into coins and numismatic news and all that stuff and his favorite coin like it was the silver half dollar. He used to show us that by balancing the coin on the tip of your finger you could tap it with another coin on the edge and you could hear the distant sound the higher content silver coins made. Thought that was interesting to share as I'm sure the pure silver bars you get would do the same thing.
Totally agree that you should have shown the grinding of the metal.
I wish had a reliable source for cheap fakes....Building a decoy box for would be thieves.... I just leave my 40% stuff in the open for now....Great content !
Good job. Did you test with a magnet? What exactly is the type of metal used in the first bar?
Great video Speg...can't wait to get my Sigma Verifier!
Had a fake apmex bar bought off ebay. It was In a capsule, and slightly scuffed to hide the misspelling "precious metals ESCHANGE" LOL! failed all tests available to me. Acid, ping, size and and ice test.
Why didn't you do a magnetic slide test?
Good info. Thanks. I only buy from Bullion Dealers
This was a couple years ago I bought a $50 bag of halfs mostly Kennedy's and 10 of them where 40 percenters.
I know the coin shop is reputable and I didn't catch it until I went through the bag at home so of course I don't have much recourse I did tell him about it though and look through quickly everything and every subsequent bag of junk I've purchased but the coin dealer really upped his game Too
I think at the time silver was selling for nine or ten bucks an ounce so it wasn't much of a loss
Great information. If I get into silver I really want the proper tools to go with this proper information!
If isigma test doesn't show 1oz 999 but will show up as 99.9 could that be sterling silver?
I was hoping all through the video you would do the magnet test. I don't have a $700 tester but I do have calipers, scale and magnets.
I was hoping for the magnet test as well which is one of the things I do when I buy locally.
"THE BEE'S KNEES"
I’m from Dallas...what’s the name of the shop plz? 🙏
Hey freind, what do you suggest as a good metal verifier?
whats the density of the bar?
Just subbed. Enjoy the videos, and looking forward to seeing many more.
Thanks for sharing this! 👍
So if you check an order from a verified on line dealer and it’s fake how does one convince the dealer that you got fake ?
Being very new to the space this concerns me. I just recently my first coins from local coin shops. I assume they are legit coins. The shops have been in business here for years and had good reviews.
In addition, you can buy testing kit from ebay that costs about $15. The challenge was for me is: how to use the acids. But hey, everything on TH-cam for you to learn, and it saved me money by not buying a fake items. Also, practice more than few times will help to identify plated, coated gold and silver. One more thing is a small, round file that can scratch surface of an object to see what under and put some acid in it.
the only issue is that you damage the bar doing acid.
Great vid...learned a lot.
Great video; thanks for sharing. But just FYI, unless you're considering 3 dimensions, the size of the bar, height & width, don't tell you a thing. All that matters is weight and volume, from which you get density. So that the fake bar varies in size from a bar from another supplier, APMex in your case, doesn't tell anything.
If the coin shop didn't make it right they need to be called out and black listed!
Is it brass? Wonder what metal?
Wouldn't water be the oldest torture devise, besides the sun lol
Is Money Metals Exchange a safe place to buy silver?
I have a few of these I purchase on eBay when I first got into silver that I believe are fake and the seller had real good feed back but now has been removed from eBay I would like to send to you for testing and destroying if fails
Keep up the great work!
I new to this and have a probably dumb question, if you buy coins or bars direct from a nations mint. What are the chances of getting fakes?
It had better be zero.
@@Spegtacular I would hope so. But as a newbie I have no idea
It would be fantabulous.
I did not know that was a word.
Sounds good man!!!
It’s absolutely a word.. look it up... actually don’t look it up.
Shame that some people are still being caught out when buying their stuff 😣
Found a couple of listings on eBay for silver bars/rounds that were priced under spot. I knew something was up, but I attempted to purchase them. Both had the same warning come up that the seller was not able to sell items at this time. Is that eBay putting a stop to people selling fakes? Or is that the seller, keeping their products advertised for sale, but not sellable because of spot change? Strange. Thanks for sharing Speg!
It’s 100% fake, I saw an eBay listing for 7.50 for a 1 oz silver bar
I keep getting pop up ads for ASE’s for 9.95, I keep posting “FRAUD” on the ads.
Just hit like and subscribe. Love your video, and like that you are level headed and honest...
I started accum'ing silver in 2001...actually started in 1965 when I spent my lunch money on silver coins the gals at the school cafeteria registers would save for me....In 2022 I am not that much into buying or selling at the moment, these $3-$4-$5 premiums completely pi** me off. Looks to me like the days of "a buck (or 69 cents) over spot" may be gone forever on generic forms. But I can tell you that there is no way in the known universe I would be active in the physical metals market without a Sigma machine. Yeah, it's a $700+ machine, but how many fake gold Eagles would you have to buy to pay for it? The fakes have only gotten better, better, better over time; in silver dollars they are ghastly good. And nobody is ever prosecuted for counterfeiting even Silver Eagles, so it's just open season on fraud.
A couple of other tests I like to play around with ... is the neodymium magnet test, acid test, and ping test. Silver always sounds like silver ...
Bars don’t ping well like a coin
Last week I came very close to buying a 10oz Northwest Territorial Mint bar on ebay. The bidding went beyond my budget and I dropped out of the bidding. Perhaps this was a narrow escape?
What happened when u put a magnet to it? And why not try that as an initial test?
Well. I have most of my silver from my LCS... hopefully they didn't sell me fakes. They don't test your silver when you sell to them. So I'm not sure if they test before they sell to you.
Hi what make is the Precious Metal Analyzer and where did you buy it
I got it directly from their company but unfortunately they only sell them through other distributors now :( mine is the classic version
SpegTacular thx what is the make and model please I will try and track one down. I bought a 1oz pamp gold fake bar on eBay a couple of weeks ago but luckily I already owned a real one so noticed it was thicker than my one but even the code worked on the back of the packaging and I was refunded immediately but he wouldn’t give me the return address to send it back so I still have it
All I know it as is the classic. There’s a pro version too
Great job Spegtacular! I really need to invest in a sigma myself. It's definitely a tool needed if you're buying in bulk.
Or selling ;) many people have become sellers now out of their garage and they’re not testing all of their products... worries me.
@@Spegtacular good point!
makes me wanna be a little more careful
Im in Dallas Fort Worth area and buy from DGSE mostly id like to know if it was them or not
specific gravity would be a good test.
Have apmex ever been know to sale fake silver rounds?
I bought on eBay from what seemed to be a reputable seller with good reviews. I got two peace dollars one in a cardboard holder the other in an air tight. The carboard one real, the air tight looked small and I had doubts instantly as soon as I felt it I knewit was fake. The ping test was off, I weighed it and immediately contacted the seller just to inform them and present pictures of it on the scale and next to the first which was obviously a larger coin. I didn't accuse the seller and gave him the benefit. He did refund me for it but asked for it back so I cut into it with a dremel so he couldn't sell it again. I really did not want to send it back in fear someone would not notice it was a fake but I insured that but cutting it and making the brass visible
I enjoy these videos. 😀👍 Enlightening the community to counterfeits. A sad but true story. 😕
This is why I've started just stacking constitutional silver
those can be faked too specially one dollar coins and halves
@@marcelojuarez3344 Morgan dollars and peace dollars yeah, and those have a high premiums anyways. Halves, quarters and dimes? I've never heard or any faked for their silver content. a few for super rare numismatic value maybe but are people really faking them for their silver content? I can't find anyone who's ever posted they got a fake. please share if you have it would be much appreciated!
@@marcelojuarez3344 Actually never mind. I looked more into it and wow yeah those can be faked too. More rare but I guess I got the idea no one was faking them from some youtube videos and coin shops that talked about how they never get fakes. I'm gonna magnet and ping test my bags here in a minute. thanks for bringing this to my attention.
They even fake mercury dimes. I found a chinese website selling them too. funny thing is they're selling them for more than what a silver dime is worth. so why are people buying fakes when the real ones are less?
5:00 You should have showed that your other one ounce bars lined up together, all with the same dimensions, if that is what you are trying to show. I don't see a problem, as the suspect bar has more bulk on the corners, and the good bar has more bulk on the sides.
5:15 See what I mean? Even your known good bars have different dimensions.
This doesn’t surprise me at all. I asked my lcs how do they know it’s real and they said they just know.🧐 and one day I went in to sell and they didn’t even test it.
One of the people that told me they base their knowledge of coins on experience only ended up selling me a fake... sooooooo ;)
you should go to the shop owner and better educate him on fake silver
So, I have been wanting to, finally, start buying silver. Now I'm more worried. How do I protect myself with no solid knowledge on this? Maybe buy silver dollars straight from the mint?
the magnets work well too to test silver
Some metals react very similar to magnets just FYI. Make sure you’re doing more than one test.
Why you didn't try with a magnet?
The good thing is 1 oz and not 10 oz or 100 oz lol but damn I have to check my silver bars now, I have 1.2.3.5.6.10 oz silver bars 5 of each one now im thinking if I have a fake one there 😐😖
I agree with Kayne. You need to out the seller.
No.
Would have gone magnet test before grinding it.
Nice discussion
I got a fake 1/4oz gold eagle from a coin shop in Lorain, Ohio. It prompted him to buy an x-ray machine. But the loss was mine.
i have a few Pan American Silver Corp bars, now im paranoid.
Start buying that gold and silver now even Warren Buffett just bought into gold .
He is worried that his billions will lose all of their value... smart dude.
He bought paper stock in mining shares people are acting like he took physical delivery more scams by the elites
He didn't buy gold. He bought stake at a company for cash flow!
@@Michael-gh5ys actually he already owned gold and bought a half a billion in Barrett gold mining stock ...