Fake Apmex 1oz Gold Bar

Discussion in 'Coin Chat' started by DGXJewelry, Nov 1, 2017.

  1. DGXJewelry

    DGXJewelry New Member

    Hey everyone- I'm a jewelry and gold buyer in Los Angeles new to the forum . We came across this fake Apmex bar a few months ago. Thought I'd share. Looks like the real deal, packaging, weight, everything. Keep an eye out!
    IMG_0914.JPG IMG_0915.JPG IMG_0916.JPG
     
    Swan, tmeyer, Lemme Caution and 3 others like this.
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  3. DGXJewelry

    DGXJewelry New Member

    Hey everyone- I'm a jewelry and gold buyer in Los Angeles new to the forum . We came across this fake Apmex bar a few months ago. Thought I'd share. Looks like the real deal, packaging, weight, everything. Keep an eye out!
    IMG_0914.JPG IMG_0915.JPG IMG_0916.JPG
     
    Gregg, Lemme Caution and ken454 like this.
  4. paddyman98

    paddyman98 Let me burst your bubble! Supporter

    Just curious.. What do you do to determine it's a fake?
     
    Lemme Caution likes this.
  5. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    First, welcome to the neighborhood @DGXJewelry !

    For the benefit of others, here, who buy/stockpile bullion, how were you able to determine that it was a fake? Also, is the composition accurate, or is it fake gold as well?

    Chris
     
    Lemme Caution likes this.
  6. DGXJewelry

    DGXJewelry New Member

    We had to cut it out of the packaging and did a scratch test and poured acid on it. Without doing that I'm not sure how to determine. Everything about it looks genuine.
     
    Lemme Caution likes this.
  7. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Is it gold plated tungsten? . . . Sorry, I asked while you were posting.
     
    Lemme Caution likes this.
  8. TheFinn

    TheFinn Well-Known Member

    X-ray defraction if available. First I would have done specific gravity. Scratching would be way down the list for me.
     
    Lemme Caution likes this.
  9. DGXJewelry

    DGXJewelry New Member

    We didn't melt it down to determine composition.
     
    Lemme Caution likes this.
  10. Clawcoins

    Clawcoins Well-Known Member

    is APMEX aware of this ? I'm sure they would be interested in acquiring it.
     
    Lemme Caution likes this.
  11. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I noticed that you posted a duplicate thread to add "Gold" to the title. I've reported it so that both will be combined. For future reference, you could have used the tools at the top of your original thread to edit the title.

    Chris
     
    DGXJewelry likes this.
  12. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    If they hadn't already. Oops, did I type that out loud?
     
    coin_nut and Lemme Caution like this.
  13. Stork

    Stork I deliver Supporter

    Yikes!
     
    Lemme Caution likes this.
  14. Clawcoins

    Clawcoins Well-Known Member

    probably. Fakebullion.com has it listed, and web searches show fakes going back to 2014.
     
    Lemme Caution likes this.
  15. baseball21

    baseball21 Well-Known Member

    @Mike at APMEX is also a poster here
     
  16. Lemme Caution

    Lemme Caution Well-Known Member

    I just watched a video about this very subject. Apparently these fake replicas are flooding in from China and onto ebay - and elsewhere - by the bucket load, and hundreds, if not thousands, of them have already been sold. Also, this isn't by any stretch of the imagination the only PM or coin product being faked; there is in fact a vast array of worthless imitations floating around out there. :shifty:
     
  17. Insider

    Insider Talent on loan from...

    TheFinn, posted: "Scratching would be way down the list for me."

    I agree. Nevertheless, it appears that you haven't been around many jewelers. :D
     
    Two Dogs, Lemme Caution and Kentucky like this.
  18. baseball21

    baseball21 Well-Known Member

    It's not unique to coins or bullion. Everything is being faked now a days
     
    Lemme Caution likes this.
  19. sakata

    sakata Devil's Advocate

    Yeah! I even heard of a fake fake the other day. For real!
     
    Dynoking and Lemme Caution like this.
  20. baseball21

    baseball21 Well-Known Member

    I believe it
     
    Lemme Caution likes this.
  21. -jeffB

    -jeffB Greshams LEO Supporter

    No doubt like the ones being offered last night at 5 for $6000 or 8 for $8800 -- out of Poland, not that there's anything specifically wrong with Poland.

    I'll sometimes jump on a BIN that lists silver or gold below spot, because sometimes the offers are legit. But 1-ounce gold bars are deep in my "never ever" zone at this point. The stakes are too high for me, mainly due to the risk that I won't be able to diagnose a fake in time to invoke Buyer Protection.
     
    Stevearino and Lemme Caution like this.
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