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 Replies: 22 / Views: 3,443 |
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Valued Member
Canada
488 Posts |
I traded a 1oz monarch bar I bought from colonial acres to a coin buddy who sais the guy at the pawn shop said its fake. I'm told it didnt stick to a magnet but there was some pull. I tested it with the fridge magnet and nothing for me. I assume the guy at the pawn shop has a strong one.
I am just surprised as colonial acres is reputable.
House should I produced. I am leaning twords its real but not sure.
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Valued Member
 Canada
488 Posts |
Oh. I assume its real as if it were fake wouldnt it stick? Why make a fake with soo much silver?
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Pillar of the Community
Canada
1747 Posts |
I believe that pure silver will have a slight attraction to strong magnets, I believe there is an inclined test, and the pure is supposed to slow the magnet down, compared to non silver.
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Valued Member
United States
61 Posts |
The silver does not slow the magnet, what slows the magnet is the electrical field created when the magnet slides down the silver. Sliding a magnet down a piece of copper will produce this effect. Think generator with a magnetic rotor rotating, surrounded by copper windings.
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Valued Member
57 Posts |
First thing I would do is contact "colonial acres"
and tell them you have been told a coin you bought
from them is fake and want them to exchange it for
another that they have tested and is sure is real.
They should immediately do so. If they don't, start
a campaign to let the world know, BBB etc.
A silver bar shouldn't have any ingredients added that
are magnetic. Shouldn't be any "pull". It is possible the
pawn shop guy is wrong though.
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Valued Member
Canada
488 Posts |
K. Yeah. My concern is I go through the trouble of complaining and sending it back and the pawn shop guy is wrong. I guess I'll start by contacting the company I bought from.
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Valued Member
Canada
491 Posts |
I'd call Colonial Acres and explain to them what has been said about the 1 oz monarch bar, I'm sure they will help you out. Colonial Acres as far as I'm concerned is one of the best Coin Stores out there.
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Pillar of the Community
United States
7620 Posts |
I'd trust the pawn shop guy about as much as a carnival barker. The pawn shop guy was telling your buddy it was "fake" because he was hoping he'd sell it for a few bucks "just to get rid of it".
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Pillar of the Community
United States
632 Posts |
You could try taking it to a jeweler and get an acid test done on it. That will be pretty definitive on whether or not the silver is fake.
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Valued Member
Canada
488 Posts |
I thought that to westernsky but He said the guy is a buddy and I assume he let him feel the pull. Maybe I will start with calling colonial acres. And go from there. I am sceptical its a fake. I assume it came straight from monarch and isn't a used bar. I would assume they would advertise it as used if it were.wish I knew a jeweler.that may be the next step.
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Pillar of the Community
Canada
2019 Posts |
Coin dealers buy and sell a lot of coins, bars etc, its possible its a fake if they didn't check it properly or came in a large lot etc, not saying its fake but it is a possibility. As some have said , "some pawn shops can be shady or maybe they where making a guess as it may have "looked" fake, but wasn't who knows I guess.
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Pillar of the Community
 United States
1949 Posts |
Colonial Acres is a pretty large and reputable company. I would tend to give them more of a benefit of the doubt than some hearsay from a generic pawnbroker
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Valued Member
Canada
488 Posts |
I am very sceptical its fake. Thats the problem. I dont trust the pawn shop guy as I dont know him and wasnt there. But hard to argue. I just spoke with colonial and he assured me they come straight from the refinery. I guess I will just buy it back and go from there. Maybe make a trip to the hardware shop and test it on a strong magnet myself.
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Pillar of the Community
United States
1949 Posts |
Quote:
I am very sceptical its fake. Thats the problem. I dont trust the pawn shop guy as I dont know him and wasnt there. But hard to argue. I just spoke with colonial and he assured me they come straight from the refinery. I guess I will just buy it back and go from there. Maybe make a trip to the hardware shop and test it on a strong magnet myself. I can be very confident Colonial Acres is not about about to risk it's reputation over an OZ of silver. Make sure the you get back the same bar you sold/traded, and if I was in your position, I certainly would beware of any future transaction with 'pawnshop guy' and/or your numismatic buddy... Far too many people willing to compromise their ethics for a quick buck |
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Valued Member
Australia
491 Posts |
Yea! I go with not trusting the pawn guy!
There full of hot air to do deals.
It would have to be the last place to take a nice piece of silver.
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Valued Member
260 Posts |
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Replies: 22 / Views: 3,443 |
Posted 08/10/2015 11:53 pm
