To the untrained eye, all gold products are the same and differ only in the color due to finishing applied. If there is any abnormality you are likely holding a counterfeit in your hands.The ‘Ping’ TestGenuine gold will make a resounding ping sound when it comes in contact with another metal. Remember that precious metals are weighed in troy ounces. As a general rule, fake gold is a product that is marketed as gold but is in fact made of another cheaper metal, is a gold-plated version of another metal, or has a purity too low to be sold as gold. In order to make sure you are not getting duped by the market, it’s imperative that you confirm the authenticity of the gold bar you just purchased. In a 1kg gold bar the difference will be about 2 grams. Skin discoloration from wearing fake gold jewelry is not a myth. (A troy ounce is 31.1 grams). Buy at the lowest price guaranteed! Reputable dealers use a number of tests to ensure the bullion they purchase is not counterfeit. Test and detect the purity of gold and silver coins and bars with our advanced precious metal scanning machine to detect fake or counterfeit coins. Two people living in Ocean View, Delaware were arrested this week for selling over 38000.00 in fake gold bars. How can you make money during these tough economic times by selling your gold bullion? So always bring a set of calipers to a local shop for measuring. Dealers can bid for your coins or bars sight unseen because they know that the chain of custody is unbroken. As consumers, it’s important we remember that coming across counterfeit bars is extremely rare. This piece of advice is more suited to government-minted bullion coins (the only kind of coins you should consider), as they have standard dimensions. 6. I hope this helps you make the right decision and invest in precious metals safely. Performing Acid Testing Buy an acid testing kit for a more precise estimate of gold karat purity. Gold and Silver counterfeit products are damaging to the industry. Fake gold is, though. This concoction is melted down and poured into a mould (or crucible) and a small bit of the gold remains in a solid state to be analyzed. Convenient – reads under plastic packaging and doesn’t involve chemistry, messy gel, filling or scraping. In comparison to this representation of a genuine Kangaroo Minted Gold Bar in black card, the fake features several obvious discrepancies: • The fake black card omits our black swan ‘water mark’ logo on the front. Secondly, as this Wikihow article points out, there are a number of DIY tests you can use to ensure you have the real thing.How Should I Invest in Gold Bars?Gold Bullion Suppliers works with customers and industry to improve how to test if a gold bar is real, impure gold, and potential abnormalities in production. Susan Headly recently published an article on the topic, shedding light on the fact that a lot of fake bullion comes from illegal Chinese operations. How to Spot Fake Gold In a moment we will look at ways that you can test your gold to determine if it is real, but you can also simply look at it, searching for specific marks and stamps. They have over 150 members from 30 countries, among which are the biggest banks and financial institutions. PAMP Suisse developed a technology called Veriscan which allows buyers to authenticate gold bars and … Thermal Conductivity Testing for Silver. In the case of gold for example, tungsten is often used to make fake gold bars because the density (aka weight for a given size) of tungsten is 19.25 times that of water which is very close to gold… Read about the exciting and surprising news about gold and silver that made headlines in 2020. 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