Hi,
As the need for actual physical silver and gold grows, so does the potential for fake bullion. Although the majority of the bars in the market are genuine—when you buy from high-end dealers such as AU Bullion, for instance—there are actually some that are fake, and it is critical to know how to recognize them in order to save your investment.
Whether you’re a seasoned investor or a first-time buyer, this guide will help you identify the key signs of counterfeit gold and silver bars—and show you how to buy with confidence.
The Rise of Counterfeit Bullion Threats
Counterfeiters have become more sophisticated in recent years, using advanced techniques to replicate the look and feel of genuine gold and silver. Some fake bars may have a real gold or silver coating over a base metal like tungsten or lead, making them difficult to identify at first glance.
That’s why education—and buying from trusted sources—is your first line of defense.
How to Identify Phony Gold and Silver Bars
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Check the Weight and Dimensions
Every bullion bar is manufactured to strict specifications. Even small discrepancies in weight or size can signal a fake.
Utilize a digital scale in verifying the weight being equivalent to that embossed on the bar.
Check the length, width, and thickness and match it against the official specs of the manufacturer.
Tip: Bars of fake, heavier metals like tungsten might have the same weight but varying dimensions.
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Look for Quality Stamping
Real bars have sharp, clear etchings. These are:
- Mint logo
- Weight (e.g., 1 oz, 10 oz)
- Purity (e.g., .9999 fine gold)
- Serial number
- Assayer’s stamp
- Uneven, blurred, or shallow stamping is a cause for concern.
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Use a Magnet Test
Gold and silver are not magnetic. A bar that is drawn to a strong magnet is not genuine.
WARNING: This test will not reveal bars made of non-magnetic replica metals, but is a quick, easy way to eliminate overt fakes.
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Ping Test (Sound Test)
Genuine silver and gold bars make a clear, high-pitched ringing tone when tapped softly. Fakes will make dull, flat notes.
There are even smartphone apps that match the tone of your bar with actual samples.
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Analyze the Surface and Edges
Real bullion will generally have a high-quality, even finish. Watch out for:
- Pitting or bubbling on the surface
- Sharp or uneven edges
- Discoloration or flaking
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Use Ultrasound or XRF Scanners
For 100% accuracy, dealers and serious investors use advanced tools like:
- XRF analyzers to find the bar’s surface metal composition
- Ultrasonic devices for confirming the internal composition of the bar
These are of special value in testing bigger bars and closed products.
Why Buying from AU Bullion Protects You
At AU Bullion, we directly purchase from accredited mints and refiners, including:
- Royal Canadian Mint (we are an Authorized Bullion DNA Dealer)
- PAMP Suisse
- Asahi Refining
- Valcambi Suisse
- Credit Suisse
- Royal Mint
- US More
- And more!
All the silver and gold bars that we offer are properly checked for legitimacy and are accompanied by the correct documentation (assay cards, serial numbers, etc.) as needed.
Red Flags to Steer Clear Of
All-inclusive offers: Too-good-to-lose offers of all-inclusive types are also common methods used for selling fake coins and bars.
Unverified sellers: Avoid buying from unknown online sources, classified ads, or auction sites without a clear reputation.
Serial numbers not matching or absent: Always verify matching serial numbers on bars against certificates or packaging.
Shop with Confidence at AU Bullion
When you purchase from AU Bullion, you’re not only acquiring gold or silver, you’re acquiring peace of mind. We ensure:
100% genuine bullion, Competitive pricing, Safe shipping, and insured transactions. Purchase offers in high dollar amounts. Come see us in Toronto or Vancouver or shop from home at aubullion.ca to see our entire range of authentic, investment-grade bullion. Don’t risk your fortune—invest in bullion you can rely on. Select AU Bullion.
