Locals, beware: That gold you bought could be fake

[@OleJoe]

The store should have given him his money back. Going to the news media, the guy is not trying to scam the store. Even if the store wins in court, it has cost them goodwill. I wouldn't buy from them now, regardless.

[@HippieJoe]

i mean i feel for the guy who owned the store at well, the guy who purchased the gold should have tested it or request a test before they would have left. I can understand why he would feel maybe the guy would be swapping the gold, a 1 oz gold bar is not cheap. It's just an unfortunate situation all around.

[@Dgafsranger]

@@HippieJoe scammera rely on people to be ignorant they probably saw him saw he didn't know much and decided to take advantage that 1200 is pocket change to that business id never do business with them

[@realtyrocks1969]

I would have no problem buying from this coin dealer. There's no proof the bar sold is the bar in question. His son could have swapped it out with a fake to take his gf out. Anything could have happened.

[@Maddylim12527]

@@realtyrocks1969 i still dont believe it at all. The buyer. Should test it before he left! Im sure liberty coins isnt going to do that

[@edgar-mmxxiii]

That's why I do not buy gold from local dealers. I only buy from reputable source.

[@NomadicSal]

It’s made out of tungsten, it weighs exactly as much as gold, I’m not sure how that jeweler doesn’t know that lol

[@jmn1238]

Would fail the sound test too super easy to test that

[@Skandalos]

Yep, most likely tungsten because the dimensions of the bar look right. If it was copper or brass inside it would need more than double the thickness of a genuine gold bar to have the right weight and it would be very easy to see.

[@filiplaskovski9993]

Btw most reputable bullions makers do stamp serial numbers on their bars

[@realtyrocks1969]

Gold bar manufacturers should put a small hole on the back of the card so the gold could be scanned on the machine without removal of the bar from the package

[@StackerFactor]

Those machines work through the plastic. Removal is not needed.

[@realtyrocks1969]

@@StackerFactor are you sure?

[@StackerFactor]

@@realtyrocks1969 Fairly. I watch a lot of KZbin videos where coin shop owners verify with the Sigma machine through the plastic. However, I am not an expert and could be wrong.

[@realtyrocks1969]

@@StackerFactor Appears youre right. Which makes me wonder why anyone wouldnt have done this before a catastrophe like this happened. Google says " The Verifier can see through plastic cases and bags, so numismatic coins do not need to be removed from protective holders."

[@DPhasely]

Use an earth magnet. If it slides off of the silver or gold coin, then you know its real. If it sticks, then its fake.

[@JAVRTH]

I buy it from the bank, But still using my 🧲 before to leave the bank

[@skipstalforce]

Reputable sellers don't sell fakes, it's not that hard to tell, they know exactly what they sold him. An expert can tell just by the look and feel, even amateurs develop this skill quickly.

[@jduff59]

I have a couple of 1 and 2 gram Gold bars - and they all have serial numbers. A 1 troy ounce Gold bar should have a serial number stamped on the bar and a corresponding number on the assay. Shop owner should have tested the bar and the guy buying it should have done his homework first - would you spend 1200 on a refrigerator or computer without doing some research before you bought it? Buying bullion isn't something done on a whim. You should learn as much as you can about bullion - and then buy some. This is a major purchase and requires due diligence. I feel bad for this guy, but did he do his part to avoid a scam? It doesn't appear he did. The store looks sketchy as well - I wouldn't shop there.

[@jackdennis9286]

I mostly buy silver but some gold. Even tho there’s a high premium I try to stick to nationally backed coins from trusted nations usually (US, Canada, England, Australia, etc.) especially those with security privy marks. I then immediately test it, and if it passes (it always has for me) I seal it in a capsule or cardboard flip.

[@mikeyerian2251]

I'm getting ready to start buying silver, how do you test your prescious metals

[@MrPillowStudios]

That store is a HUGE scam.

[@ColorOfMoney7]

Oh lord that packaging looks so fake I would've known immediately

[@urbanminer8003]

Anyone can stamp a serial number I deal with precious metals and any one who’s running a business out of it. Should be using XRF analyzer doesn’t lie and protects both buyer and seller! Can’t afford XRF small fee to send it to be tested!

[@ducheau100]

that guy is gonna lose. there is no proof that was the bar they sold him

[@MrTruckerf]

Right.

[@HalfassDIY]

The word is out - now they have to scare everyone away from buying all the gold they want for themselves.

[@TheInfraredzone]

SD Bullion us selling fake gold as well they sold me 3 2.5g valcambi fake bars. Avoid them at all costs

[@ColorOfMoney7]

This is not liberty coin on eBay

[@mercbenz7910]

The store is responsible for selling real gold bar without a SERIAL NUMBER ... and DO NOT buy gold from local dealers at all. Also, the gold color and packaging looks so fake

[@usptact]

Clue me in, how a serial number would've helped?

[@rogertayloRRR]

No # on the apmex packaging? Strange. It would help

[@guzzifabrication3448]

Pawn shops, coin dealers, any shop buying and selling precious metals ALWAYS test BEFORE they purchase.... difficult to believe the shop didn't know that they had ( produced... sorry ) purchased a fake..... and then sold one. To a small business owner, reputation is everything... unless reputation in not a concern.

[@jameshihihin1320]

Is this the same liberty coin on eBay? Yikes I’ve bought from them before

[@yayger825]

I'd check it right away. Gold testers are cheap

[@afvro75]

I wonder what the APMEX people would say about that?

[@kyle_3593]

I don't have any gold, and i was thinking about buying my first gold in my life. APMEX was the site that i am looking at. now, i m confused.

[@thecrow5961]

APMEX is good just don't buy from shady websites they do have an eBay but just to be 100% sure you got the real deal I'd just go to the main website

[@afvro75]

@@kyle_3593 buy from kitco.com cheaper than apmex too.

[@sourwes0001]

I never buy bars, they’re the most counterfeited; Only sovereign mint coins from reputable dealers. Buyer beware, there’s alot of fakes out there. That couple extra dollars premium is worth it from a big dealer with a reputation to maintain. Buy the sales on the dips.

[@silverwiskers7371]

I wonder if it's the same liberty coin that's a reputable bullion dealer out of California

[@georgemalley6414]

I take ALL coins (gold / silver) to Cascade Refining and pay $5 for the test. I get a print out of the results. Takes a few minutes.

[@kingoftruth10yearsago28]

I think the store didn't know either he bought it from another place too.

[@realtyrocks1969]

This guy can't prove its the same gold he bought. He could have swapped it or someone else could have.

[@MrTruckerf]

I assume he lost his suit.

[@KKsFish]

This guy tried to do a switcheroo and failed.

[@filiplaskovski9993]

He must of man if the owner says he tested it he must have, what is good to do is if u sell bullion is to test the bar on camera making sure the serial numbers are shown that way if a customer tries to scam u buy switching it you’ve got proof

[@blacknoir2404]

That owner almost scammed them too

[@DarrellWefel-ts2kr]

Serial numbers on gold bars, all depend on the mint! Never buy a gold bar without a serial number and from a reputable dealer !

[@gilavalos2400]

Best bet is to purchase from a reputable precious metal dealer.

[@HDDynalowrider]

How do chinese take coins apart and take the gold out anchor Man???

[@georgemalley6414]

Same way that the bars in Fort Knox aren't gold.

[@IIDASHII]

Apmex packaging has an ID number on it.

[@mattslivar5174]

The gold store i buy it from i bring my tester with me

[@rogertayloRRR]

Newer ones have an id number on the assay card

[@randysimmons9838]

Fools gold

[@jeffmee9326]

That’s why you should just buy government minted coins. Those are really hard to fake. Meeting a guy in a Walmart parking lot right now to buy that same bar in this video. I have the machine the guy at the store tested them with. Wish me luck! Hahaha

[@jeffmee9326]

@Steve C It was fake. I’m glad I had a machine totes it. they looked very real.

[@anthonyca]

@@jeffmee9326 what did the seller of the fake gold say? Do you think he knew?

[@jeffmee9326]

@@anthonyca I definitely think he knew. He said it was an inheritance from his father. But I highly doubt his story. I met another person selling a fake gold coin. If you’re not at a dealer or the person can’t verify it, stay away. Both of these instances, they were selling the gold for far less than it was worth. That’s a big red flag.

[@anthonyca]

@@jeffmee9326 ya, I would never buy from someone like that. I only buy from one source and they have been in business for over 50 years and give me good prices.

[@jeffmee9326]

@@anthonyca Well, that’s why I have a metal verifier.

[@shauncorless8965]

Never buy gold off eBay 🤨

[@sam7687-i9b]

Bogus gold 🤭

[@bobingalls4643]

Bruce doesn't sound very smart.

[@CBUCK1994]

i buy silver

[@emmanuelq5135]

Scammers