Fake silver bars

Discussion in 'Silver' started by jasonsim, Apr 21, 2014.

  1. jasonsim

    jasonsim New Member

    Joined:
    Apr 21, 2014
    Messages:
    3
    Likes Received:
    0
    Trophy Points:
    0
    Im new to collecting. I started with some silver eagles rounds and then got a few bars but started getting more into the numismatics.
    I made several rookie mistakes but I learned form them. I have buy from a local store, Jm Bullion, Scotts Dale, and have only gone to Ebay (after learning my lessons) only for cheaper non precious metal coins that I couldn't find at my local store.
    I found a 10 gram silver bar on ebay. On one side it shows JM&M Assayers Refiners. It was going for just above spot so I bid on it thinking that it was a Johnson Matthey. I won it for just a little over spot, I thought it was a good deal but then I started thinking there isn't 2 m's on a JM bar and looked at the JM website and cant find any other 10 gram bars.
    Is this a fake?
     
  2. Gazza79

    Gazza79 Well-Known Member Silver Stacker

    Joined:
    Aug 2, 2013
    Messages:
    1,397
    Likes Received:
    593
    Trophy Points:
    113
  3. swoydaz

    swoydaz Well-Known Member Silver Stacker

    Joined:
    Jun 27, 2013
    Messages:
    4,519
    Likes Received:
    306
    Trophy Points:
    83
    Location:
    Australia
    Welcome on board.

    Gazza79's link is going to help you immensely, but the only thing that might calm your nerves totally is to have your bar tested.

    Go to your nearest bullion retailer or jeweller and ask about ultrasound testing and xrf.

    Thankfully 10 grams is all you have to brood over ;)
     
  4. Abossy

    Abossy Active Member Silver Stacker

    Joined:
    Jun 20, 2012
    Messages:
    386
    Likes Received:
    52
    Trophy Points:
    28
    Location:
    Perth, WA
    Just watched this

    https://www.youtube.com/watch?v=89ATeNy3DIo

    Is it worth buying one of these machines? I wouldn't mine testing some of my various assortment of bars. I'm expecting that when (one day) the price of silver heads up, fakes will become more and more of a problem.
     
  5. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

    Joined:
    Oct 30, 2009
    Messages:
    6,278
    Likes Received:
    186
    Trophy Points:
    83
    Location:
    Sydney
    Johnson Matthey & Mallory.

    It was a Canadian joint venture/subsidiary that got merged into the main Johnson Matthey company in the late 1970s.
     
  6. nicfisher

    nicfisher New Member

    Joined:
    Apr 24, 2014
    Messages:
    12
    Likes Received:
    0
    Trophy Points:
    0
    I have only bought coins so far. How big is the risk of buying a fake bar? What can I do to avoid to do so?
     
  7. House

    House Well-Known Member Silver Stacker

    Joined:
    May 1, 2012
    Messages:
    9,527
    Likes Received:
    287
    Trophy Points:
    83
    Location:
    Stack City
  8. nicfisher

    nicfisher New Member

    Joined:
    Apr 24, 2014
    Messages:
    12
    Likes Received:
    0
    Trophy Points:
    0
    Thank you! :) that helps
     
  9. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,648
    Likes Received:
    581
    Trophy Points:
    113
    That's me in the video.

    For $150 or so, if you've got 5oz or larger bars that have been sourced from non-dealers, it's not a bad investment. Doesn't work on 1oz coins.
     
  10. Biffman

    Biffman New Member

    Joined:
    Apr 28, 2014
    Messages:
    4
    Likes Received:
    0
    Trophy Points:
    0
    Hey I like the look of that machine so I just went to eBay and bought one.
    (Its called a TM-8812 Ultrasonic Thickness Gauge)
     
  11. jasonsim

    jasonsim New Member

    Joined:
    Apr 21, 2014
    Messages:
    3
    Likes Received:
    0
    Trophy Points:
    0
    An update on that bar from ebay. It was fake. I reported the seller and opened a claim with ebay. The next day I was refunded the full amount plus shipping and all of the seller's other auctions were taken down.
    I cut the fake bar in half and could see the thin layer of silver over (I think) Nickel.
     
  12. House

    House Well-Known Member Silver Stacker

    Joined:
    May 1, 2012
    Messages:
    9,527
    Likes Received:
    287
    Trophy Points:
    83
    Location:
    Stack City
    That must be a record for eBay to have refunded so quickly and also take down the seller. What was their trading name? Possible others here have bought from them
     
  13. jasonsim

    jasonsim New Member

    Joined:
    Apr 21, 2014
    Messages:
    3
    Likes Received:
    0
    Trophy Points:
    0
    The seller's ebay user name is thomaus-sg1fary6z
     
  14. funman1

    funman1 New Member

    Joined:
    Jan 18, 2014
    Messages:
    236
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    CA
    Evil;
    looks like the account is still active but all auctions are pulled.
    His feedback was VERY limited to begin with at only 41
    That would be sketchy to purchase from to begin with :(
     
  15. Newstacker

    Newstacker New Member

    Joined:
    Feb 24, 2014
    Messages:
    19
    Likes Received:
    0
    Trophy Points:
    0
    I am interested in what you guys think about those hand held XRF testers - are they any good ? and are they accurate at diagnosing if the bars / rounds are real. Any thoughts would be great
     
  16. mmissinglink

    mmissinglink Active Member

    Joined:
    Sep 30, 2012
    Messages:
    6,009
    Likes Received:
    10
    Trophy Points:
    38
    Location:
    Everywhere...simultaneously
    Many common silver bars are being faked (good quality replicas that are not marked as imitation) and sold by Chinese sellers on sites like AliExpress.

    You can not assume that if you are buying silver bars that you are buying real silver bars unless you already know that the seller/dealer only sells real bars sourced from reputable sources.


    .
     
  17. House

    House Well-Known Member Silver Stacker

    Joined:
    May 1, 2012
    Messages:
    9,527
    Likes Received:
    287
    Trophy Points:
    83
    Location:
    Stack City
    Try his one, TMF850 (total guess but can read it in the video)

    http://forums.silverstackers.com/message-666041.html#p666041
     
  18. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,648
    Likes Received:
    581
    Trophy Points:
    113
    XRF guns cost about $22k.
     

Share This Page