Fake 1 oz gold bar warning from Perth Mint.

Discussion in 'Gold' started by swoydaz, Jul 13, 2015.

  1. swoydaz

    swoydaz Well-Known Member Silver Stacker

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  2. Porcello

    Porcello New Member

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    I should have bought kangaroos or lunars instead of certicards. But it was my first purchase back then and I knew very little about gold at that time... Maybe I should sell them.
     
  3. House

    House Well-Known Member Silver Stacker

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    Yup, I'd be devastated over this alright.
     
  4. Porcello

    Porcello New Member

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    Crap, now I have to buy an UV light source.
     
  5. tozak

    tozak Well-Known Member Silver Stacker

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    Weight on these are spot on, it's a brass alloy which has a lower density but are made slightly thicker and recessed into the certicard so you don't notice the difference at first glance. You can just see a different if you compare them side by side, you can use XRF if you can get access to one as the gold plating is quite thin and you will test mostly copper. Two other tell tails not mentioned by The Perth Mint is that the swan is noticeable smaller on the fake and the distance of the wording down the side is almost twice the distance from the edge. Fakes are on aliexpress for about US$8- ea now and getting shipped out all over the world at a fast pace.

    This is why I never liked minted gold bars, nor do I like certicards. PAMP now use micro-profiling on their bars called VERISCAN which has a QR code on the card to match the data-base at PAMP in Geneva Switzerland. You can theoretically scan the bar with a home flatbed scanner to match the original micro profile as it was produced by PAMP matching the QR code on the pack. This is good for now but doesn't help any PAMP owners of older bars nor what ever new fake minted bars come out next.

    However another point to consider is all of China's Gold holdings are in 1Kg PAMP Gold Bars with the Shanghai exchange urging it's customer such as Saudi Arabia to covert all Gold to 1Kg PAMP Gold Bars and move away form the 400oz London bars. There is also a rumor that the Chinese Government have just banned the manufacture and sale or fake PAMP products in China, perhaps at the request made by PAMP or perhaps in preparation for a big Government Gold unveiling of Chinese holdings. I can't see many fake PAMP now selling out from China so this may be true.

    I would not worry if you hold minted bars as you can always sell to dealer or melt down first back to cast bars but you may loose your premium in the end if no one trusts the branding due to fakes.

    My personal option is to always stick to cast bars, cast bars are so rarely faked compared to minted bars and are way cooler to stack and hold.
     
  6. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

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    Cant open the link....
     
  7. sterling-nz

    sterling-nz Well-Known Member

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    Was it you i saw on TM asking about the post florins?
    $5 each is a bit rich i feel, but thinking about it have you seen what they sell for in smaller lots?
    I think ill end up grabbing them even though they are over priced (at the moment)
     
  8. sterling-nz

    sterling-nz Well-Known Member

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    Go to a $2 shop and they have kids writing pads that they call (i think) "magic pads"
    The pen that you use to write in them is UV sensitive and invisible and the top of the pen has a wee UV light that you shine on your pad to reveal the hidden messages you write.
    Does that make sense?
    But for $2 its a bargain.
    I use 1 for my currency checks.
     
  9. Porcello

    Porcello New Member

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    Yes, it was me. I decided not to bid at the end, so feel free to go for it.
     
  10. Midastouchofgold

    Midastouchofgold Active Member Silver Stacker

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  11. Sid

    Sid Member

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    Yep
     
  12. Midastouchofgold

    Midastouchofgold Active Member Silver Stacker

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  13. Sid

    Sid Member

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    That one is bad.

    The 10g may be real, I was put of by the lack of of raised rim on the reverse of the bar.

    Maybe bad photo.
     
  14. Midastouchofgold

    Midastouchofgold Active Member Silver Stacker

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    I sent the guy on gumtree and offer for 10$. Will be interesting to see his response.
     
  15. BBQ

    BBQ Member

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    would a search on ebay for "invisible ink" do the shot?

    edit: a search for UV flashlight brings up many cheap options. Should be a bit of fun.
     
  16. Golden

    Golden Member

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    I can't wait for my Sigma PM analyzer to arrive.

    I buy lots of second hand silver and all these fakes are starting to worry me.
     
  17. Old Codger

    Old Codger Active Member Silver Stacker

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    Like the wise man said, "When in doubt, DON'T".


    OC
     
  18. Midastouchofgold

    Midastouchofgold Active Member Silver Stacker

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  19. grediz

    grediz Active Member Silver Stacker

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    You'll notice that the seller uses the same photos with the same serial number, either they're all copies with the same serial number or he's too lazy to show what your really getting for $500, very misleading, he's sold at least 10 at around $500, so a loss of at least $600 & still happy to sell??? many sellers on ebay have gotten away with selling dodgy certicards at the start until 1 or 2 buyers get suspicious & find out they're fakes & then you'll see all the negative feedback pile up, i noticed that on 3 or 4 ebay sellers
     
  20. masmas

    masmas New Member

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