Monday, June 29, 2020

Use gold detectors

With news breaking that a Chinese company recently sold 83 tons of fake gold, I want to remind everyone to use some sort of means of verification. I use a Fisch gold coin detector. Yeah, the complete set costs about $250. Catching one fake will pay for 7 of these.

2 comments:

  1. Also buy from a reputable company.
    If you stick to smaller pieces, they are (so far) less likely to be counterfeit,the same way that small bills are less likely to be counterfeited.

    Have you heard of silver counterfeiting? I've only seen articles on gold.

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  2. Counterfeiting silver coins happens.

    https://www.silvercoins.com/fake-silver-coins-14-ways-to-spot-counterfeits/

    Jewelry supply stores sell kits for identifying whether silver alloys are really what they they're sold as. It requires scraping a little dust off the silver onto a grinding stone, dripping a little acid on it, and judging the color.

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