Warning: Large qty of tungsten APMEX gold in assay cards being sold
- Thread starter SpacePete
- Start date
Still waiting to see any 1oz fake cut in half proving it contains tungsten. Smallest I'm aware of is the PAMP 10oz bars in NY a few years ago.
These fake APMEX bars have been around for a while - never encountered one though in the trade, not many genuine ones made it to Australia.
These fake APMEX bars have been around for a while - never encountered one though in the trade, not many genuine ones made it to Australia.
Not if you only buy from Apmex direct.
Might be a gamble on anywhere else, but it could pick up for Apmex.
I have a benchmark policy, to never ever deal with any other than silver stackers from this forum, or a dealer. Doesn't matter what precious metal it is, or what price, absolutely no variations.
Might be a gamble on anywhere else, but it could pick up for Apmex.
I have a benchmark policy, to never ever deal with any other than silver stackers from this forum, or a dealer. Doesn't matter what precious metal it is, or what price, absolutely no variations.
goldpelican said:
From: http://www.coincommunity.com/forum/topic.asp?TOPIC_ID=185457
My local LCS got burned by this yesterday. He paid spot. Just thought I'd share. I apologize for the bad pics but this is from an old flip phone (yes I still have an old flip phone). Haven't bought a new cell phone in 7 years and it still makes and receives calls. Anyway off topic...
He broke it out of the package due to some concerns (he didn't elaborate) and snapped the corner right off. We think it's tungsten and plated with gold and weighs precisely 1oz.
I didn't see any details in the source thread, except that it was noted that he "snapped the corner right off".Stoic Phoenix said:
I wonder if that's an attribute of tungsten? If you bend these a little will they consistently snap? If so, it would be an easy test and it may even be possible to do it without damaging the packaging too much.
From what I've seen with some fake krugerrands, the snap test works.
This stuff is brittle.
This stuff is brittle.
Au-mageddon
Active Member
Wonder if that fake bar would pass with that new (ultrasonic ?) coin tester they released recently.
I have always been a little worried that XRF may be fooled by thicker coatings.
I have always been a little worried that XRF may be fooled by thicker coatings.
It's only gonna get worse, as more companies make this fake stuff and flood the market.
Gold will become known as something that's easily faked and no-one will touch it eventually
They'll end up on the tourist avenues like duty free stores and market stalls, once waves of people get burnt it'll
become a standard thing to most, don't buy gold as not only do you need to be convinced it's real, selling it will be just as difficult.
It'll be much easier to just keep cash, at least it's protected and hard to counterfeit.
Gold will become known as something that's easily faked and no-one will touch it eventually
They'll end up on the tourist avenues like duty free stores and market stalls, once waves of people get burnt it'll
become a standard thing to most, don't buy gold as not only do you need to be convinced it's real, selling it will be just as difficult.
It'll be much easier to just keep cash, at least it's protected and hard to counterfeit.
I meant protected like if alibaba sellers posted up counterfeit gov't money then they'd get closed down, not protected in value.
Yeah I thought about a conspiracy too, it's perfect if their intentions are to de-value gold or make people not want to touch it in physical form.
create a bigger market for paper gold, instead of trading it at 100:1, they build a market to trade it at 1000:1 or a million:1.
Yeah I thought about a conspiracy too, it's perfect if their intentions are to de-value gold or make people not want to touch it in physical form.
create a bigger market for paper gold, instead of trading it at 100:1, they build a market to trade it at 1000:1 or a million:1.
I agree, cash is the way to go; round fifties.
And forgot to say: this increased counterfeiting is pretty scary.
I definitely reckon it could have a big impact on the market at the consumer level.
If they can fake 1oz bars with tungsten, shit is getting pretty real.
i tend to agree with miniroo's assessment. Not sure what can be done about it tho.
Looks like stacking certain coins only could help -the questions is which ones?
Round 50s are a good start for silver I guess although the premium is on the high side but some will argue it can be recouped.
Any suggestions for gold? Sovs are widely faked too, although perhaps not to this level yet.
I definitely reckon it could have a big impact on the market at the consumer level.
If they can fake 1oz bars with tungsten, shit is getting pretty real.
i tend to agree with miniroo's assessment. Not sure what can be done about it tho.
Looks like stacking certain coins only could help -the questions is which ones?
Round 50s are a good start for silver I guess although the premium is on the high side but some will argue it can be recouped.
Any suggestions for gold? Sovs are widely faked too, although perhaps not to this level yet.
Nabullion Dynamite
Active Member
Is is the SigmaMetals Precious Metal Verifier powerfull enough to see through these thicker coated fake bars?
Au-mageddon
Active Member
http://forums.silverstackers.com/message-750014.html#p750014
yennus raised a thread about this last night.
yennus raised a thread about this last night.