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<p>[QUOTE=&quot;myownprivy, post: 3317443, member: 84588&quot;]The bullion DNA system of the Royal Canadian Mint laser engraves a code into the coin. This is authenticated when it is scanned by the machine registered dealers hold. Among those registered dealers are Provident Metals and JMBullion. My two favorite online sources.</p><p><br /></p><p>So, as a buyer I trust buying from those dealers. Not only do I trust buying from those reputable companies anyway, but I also know they are trusted by the RCM in order to receive such equipment and participate in the program. <a href="https://www.mint.ca/store/mint/customer-service/bullion-dna-dealer-locator-10900014" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.mint.ca/store/mint/customer-service/bullion-dna-dealer-locator-10900014" rel="nofollow">https://www.mint.ca/store/mint/customer-service/bullion-dna-dealer-locator-10900014</a></p><p>Furthermore, I know these companies also buy Maples second hand. That is why I, as an extra cautious buyer, always buy the new year gold Maple. That way, it&#039;s extremely unlikely to be sourced from the secondary market, cutting down further on the risk of a counterfeit. </p><p><br /></p><p>As a seller, ideally I would sell right back to a reputable company that would put it under the scanner, see where and when it was minted, thereby authenticating it. Easy. </p><p>But, I might also sell back to a local coin shop that does not do the volume to participate in the DNA program, so for them, basic authentication of size, shape, appearance will allow them to authenticate the Gold Maple. </p><p><br /></p><p>However, I might also sell directly to another individual. That individual may dabble in numismatics or he may be interested only in gold as bullion. In that case, he may choose to buy from me because it will cheaper than buying new from a dealer, but he can also do it from me in person. For me, i can sell for more to him than to a coin shop. However, this potential buyer, this layperson, who is only interested in bullion, will want to look for the privy mark and radial lines that only a large mint like the RCM has the ability to make.</p><p><br /></p><p>The absurdity of the US mint is that it thinks new bullion investors will carefully examine the letters or the shape of the bison to make sure it matches. This is ridiculous. The average person won&#039;t know what to look for. But it is much easier to educate yourself to look for privy mark than the shape of a letter on a coin. </p><p><br /></p><p>Quite frankly, all it comes down to is that the US mint seems much less concerned about security for its bullion than it does its circulating notes. And that&#039;s a real shame for Americans who can&#039;t feel confident in their own government to a make a good product. But what else is new...[/QUOTE]</p><p><br /></p>

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