Sunshine Mint Rounds (New Security Feature)

N

Neways

New Member
Hi everyone,

As many of you now know, Sunshine Mint just released their new bullion bars and rounds with the SI security feature. This would in turn make counterfeiting the Sunshine Mint products a whole lot harder. Do you think this might increase demand, especially with regards to the rounds?

The reason why I'm asking is because, to my understanding, many stay away from rounds as people's 'trust' in them is low (counterfeiting issues) and liquidity therefore decreases. I thought this SI security feature might restore some of that. Am I overlooking something?

I'd love to hear your thoughts on this.
 
It's a nice feature....but I personally wouldn't rate it as high as having a serial number.

I always thought counterfitting is more on gold stuff, because of the benefit doing it on silver is less.

Will keep a lookout for this new rounds.
 
Sunshine mint obviously think it will increase demand, or else they woldn't do it.

The question is, how does one verify if the mark is correct? Do you have to send it back to the mint?
If is is something that can be done with basic equipment it won't be hard to copy.
 
It's a special 'decoder lens' that reveals an image (or something) that's invisible to the human eye. Great idea and should help their rep. Decoder costs $30 I think

Edit- found it on APMEX for $20 http://www.apmex.com/Product/72469/Sunshine_Minting_Decoder_Lens_1.aspx Seems a step above the Geiger Security Line products

"This Decoder Lens is the complementary piece to the unique security feature known as MINT MARK SI now on Sunshine Minting products. In a world of financial uncertainty, the last thing you want to worry about is the authenticity of your Precious Metals investments.

That's why Sunshine Minting has incorportated a counterfeit protection security feature, called MINT MARK SI, on the reverse of its Gold and Silver bullion products. The MINT MARK SI security feature is not visible with the naked eye and can be validated only with this special Sunshine Mint Decoder Lens.

When the Decoder Lens is placed over the MINT MARK SI security feature, a validation image will appear to authenticate your investment. Take your investment authentication into your own hands with Sunshine Minting MINT MARK SI bullion products and this accompanying Decoder Lens! "
 
Someone on Kitco mentioned that if you get the angle just right, you can see the word VALID under some lighting conditions without the lens. I suspect it's using polarisation etc.

This would be a response to the fake Sunshine bars that China started producing.
 
goldpelican said:
This would be a response to the fake Sunshine bars that China started producing.
Click to expand...

Cue counterfeit anti-counterfeight bars from China in 5...4...3...2...1...
 
Sunshine Mint make great rounds / ingots but unfortunately their products have been targeted by counterfeiters:
Click to expand...

Obviously before yu start filing those ingots, you knew that they are not genuine. What gives away? Is it because it's from dodgy seller that sell lots of silver layered bar?
 
Question. Serials.....does it really make you feel safer? Those PAMP 10 oz bars had serials. How do you know if the serial is even legit?

Not saying it doesn't add value, but I would think a difficult to fake security mark would be better.
 
bloomst said:
Sunshine Mint make great rounds / ingots but unfortunately their products have been targeted by counterfeiters:
Click to expand...

obviously before yu start filing those ingots, you knew that they are not genuine. What gives away? Is it because it's from dodgy seller that sell lots of silver layered bar?
Click to expand...

The quickest trick that will give it away is magnetism. Gold and silver are not magnetic. Run a magnet along your investments and if it sticks, you know it's fake. Second thing you can check is weight. 1 Troy Ounce is always going to be 31.1 grams or something very close to that. Not 30 or 32 grams. With regards to dodgy sellers, simply avoid them. There are many reliable sources.

As for Sunshine Mint's safety feature ... I believe it's a neat one, one that I'd trust over a serial number and yet I'm waiting for the first report on a counterfeited anti-counterfeit bullion product. At the same time though, you'll find counterfeit Maples and ASEs.
 
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