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Fake Perth Mint 5 Gram gold bars

CaptHenwayCaptHenway Posts: 31,564 ✭✭✭✭✭
in Precious Metals
Over on the dealer network, a dealer in Indiana I know that has been in business over 40 years reports that a pawn shop owner came in with several Perth Mint 5 gram gold bars sealed in plastic which his electronic gold tester said were fake. He says that the sealed cards looked just fine.



TD
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.

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    OPAOPA Posts: 17,104 ✭✭✭✭✭
    Compliments from our "friends" in China image

    fake Perth Mint bars
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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    CaptHenwayCaptHenway Posts: 31,564 ✭✭✭✭✭
    Later report on the fake Perth Mint 5 gram bars is that they are showing up in Virginia as well.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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    mariner67mariner67 Posts: 2,746 ✭✭✭
    This kills any interest in bars, especially when "encased".

    Wouldn't touch one with a 10 foot pole.
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
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    rickoricko Posts: 98,724 ✭✭✭✭✭
    Wow... the market is just flooded with all sorts of counterfeit products... especially coins

    and metals.... Cheers, RickO
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    ashelandasheland Posts: 22,695 ✭✭✭✭✭
    That really sucks!

    My YouTube Channel

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    FullCameoFullCameo Posts: 492
    It's easy money for them. Perth Mint wont be last. How are we suppossed to spot the real essay bars from now on?

    Are they filling them with tungsten or something?
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    seebelowseebelow Posts: 1,643 ✭✭✭
    Any reports or even rumors of newer AGE 1 oz coins? Ive pretty much stopped buying encased bars now. Goal...was to eventually get a 10 oz gold bar. But way too much risk. And now Im getting a little hesitant of coins even.

    BTW, the link says that bar is made of copper.
    Interested in higher grade vintage cards. Aren't we all. image
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