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<p>[QUOTE="Diversified, post: 1688578, member: 47028"]Was over at a buddies house trying to educate myself on gold, coins and bullions. He just started buying silver rounds and wanted to learn a little so I brought over my small rare earth magnet to test his silver. I decided to try it on his gold coins to see how it would react. He has 1 1oz gold maple leaf and 1 1oz gold american eagle. I used the magnet the same way I use it in checking my silver bullions I have collected. I was surprised when the magnet reacted the same on his gold maple as it does on silver. A slow steady fall when held at an angle. When I tried it on the eagle, it barely slowed at all. It seems strange. He said that being 24k and more pure that is why the magnet reacted more on the maple then the eagle.</p><p><br /></p><p>Not dealing with gold I wasn't sure the reason or if it is correct. I also noticed that the maple was more yellow then the eagle, but that is to be expected I guess. Any thoughts??[/QUOTE]</p><p><br /></p>
[QUOTE="Diversified, post: 1688578, member: 47028"]Was over at a buddies house trying to educate myself on gold, coins and bullions. He just started buying silver rounds and wanted to learn a little so I brought over my small rare earth magnet to test his silver. I decided to try it on his gold coins to see how it would react. He has 1 1oz gold maple leaf and 1 1oz gold american eagle. I used the magnet the same way I use it in checking my silver bullions I have collected. I was surprised when the magnet reacted the same on his gold maple as it does on silver. A slow steady fall when held at an angle. When I tried it on the eagle, it barely slowed at all. It seems strange. He said that being 24k and more pure that is why the magnet reacted more on the maple then the eagle. Not dealing with gold I wasn't sure the reason or if it is correct. I also noticed that the maple was more yellow then the eagle, but that is to be expected I guess. Any thoughts??[/QUOTE]
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Gold coin rare earth magnet.
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