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These Clad Gold Bars Amaze Me.

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 19 / Views: 3,679Next Topic Page 2 of 2
Pillar of the Community
United States
1663 Posts
 Posted 10/22/2015  11:39 pm  Show Profile   Bookmark this reply Add ArrowsAndRays to your friends list
Nice catch, SSK!
Pillar of the Community
United States
4963 Posts
 Posted 10/23/2015  01:22 am  Show Profile   Bookmark this reply Add Numisma to your friends list

Quote:
WOW I wish I could do this! I could turn a profit SUPER quickly! Not that I would, I mean I assume this illegal?

I'm not sure on the legality. The bars are counterfeit, but are clearly described as such. Don't try this at home, kids.
Pillar of the Community
United States
6478 Posts
 Posted 10/23/2015  01:39 am  Show Profile   Bookmark this reply Add SilverStackerKid to your friends list
Yes, don't try this at home. Try it in China.
Pillar of the Community
United States
6370 Posts
 Posted 10/23/2015  07:27 am  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list
Bidiots at their finest. If they are illiterate, then they should not use ebay. I have no pity for them.
Valued Member
United States
214 Posts
 Posted 10/23/2015  08:16 am  Show Profile   Bookmark this reply Add teo2015 to your friends list
All you had to do to figure out that these were fake was to read the listing.
Pillar of the Community
United States
4963 Posts
 Posted 10/23/2015  3:46 pm  Show Profile   Bookmark this reply Add Numisma to your friends list
Although I don't like that the sellers are knowingly selling fakes, I agree- anyone stupid enough to buy these deserves it.
Pillar of the Community
Canada
3692 Posts
 Posted 10/23/2015  7:15 pm  Show Profile   Bookmark this reply Add Libertad to your friends list
I wonder if they also have the assay card. I encountered a fake a couple of months ago, Perth Mint with assay card and a half-gram overweight, from a known scoundrel. These are in the market now here so be careful and always test your buys, even if you have to destroy it, because gold is gold, don't get attached to the shiny!
Edited by Libertad
10/23/2015 7:15 pm
Pillar of the Community
United States
586 Posts
 Posted 10/24/2015  12:06 pm  Show Profile   Bookmark this reply Add leon1998 to your friends list
Just made a rough calculation of how much gold is consumed, on a 1 troy oz clad bar.

If it is pure copper; 100mil of 24k Au plating is about $5 in gold material.
Rest in Peace
United States
2668 Posts
 Posted 10/24/2015  3:45 pm  Show Profile   Bookmark this reply Add Parklane64 to your friends list
That's shilling, I mean chilling.

///
ETA:

Also, how does the seller keep a 100%positive feedback with crap listings like this?

http://www.ebay.com/itm/1-DWT-24K-F...321895580128
Edited by Parklane64
10/24/2015 3:52 pm
Pillar of the Community
United States
1119 Posts
 Posted 10/24/2015  4:45 pm  Show Profile   Bookmark this reply Add Steele to your friends list
Parklane64, what is wrong with that listing for 1 pennyweight of gold shot? that seems to be a completely honest listing. the price might be a tad high but not as high as I've seen sellers ask.
Valued Member
China
171 Posts
 Posted 10/24/2015  5:17 pm  Show Profile   Bookmark this reply Add TomSwift to your friends list
Hmmm, I live in China. Maybe I should look into getting in on this. You can buy anything here. ;)
Pillar of the Community
United States
4963 Posts
 Posted 10/25/2015  02:34 am  Show Profile   Bookmark this reply Add Numisma to your friends list
Parts of that ad are a bit weird, though.

Quote:
Precious Metal Content: 1 oz bullion: gold
Shape: Bar gold bullion: 24k
Certification: Uncertified 24k bullion: shot
Metal Type: Gold casting grain: milling
Fineness: 1 milling grain: gold shot
Brand/Mint: Stuller Mint round: gold bullion
Year: 2015 solid gold: not scrap
Country/Region of Manufacture: United States refined gold: gold shot
gold shot: 2015

Here, they say 1 oz. rather that 1 dwt, bar rather than shot, and fineness of 1 rather than 0.9995. Also, what is 'Solid gold: Not scrap' or 'Gold shot: 2015' supposed to mean?
Pillar of the Community
United States
7390 Posts
 Posted 10/25/2015  08:45 am  Show Profile   Bookmark this reply Add Cascade to your friends list
It is supposed to confuse the uninformed possible buyer into making a bad purchase. Nothing more, nothing less
Pillar of the Community
United States
1119 Posts
 Posted 10/25/2015  8:02 pm  Show Profile   Bookmark this reply Add Steele to your friends list
I guess it could confuse someone into buying, but if you get confused into buying you probably shouldn't be looking at the internet at all. They have some saying about fools and their money cant quite think of what it is right now.
Edited by Steele
10/25/2015 8:04 pm
Pillar of the Community
United States
7390 Posts
 Posted 10/25/2015  8:08 pm  Show Profile   Bookmark this reply Add Cascade to your friends list
Well, when an idiot is born every minute and a fool and their money are soon parted then it's not that unbelievable lol
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