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These Clad Gold Bars Amaze Me.

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SilverStackerKid's Avatar
United States
6478 Posts
 Posted 10/22/2015  9:16 pm Show Profile   Bookmark this topic Add SilverStackerKid to your friends list Get a Link to this Message Number of Subscribers
Just look at all the high prices uneducated nooby stackers pay for these fake bars. Do they even read the titles?

http://www.ebay.com/itm/1-OZ-OUNCE-...AOSwo0JWGAJe

http://www.ebay.com/itm/1-OZ-9999-G...AOSwu4BV0Su~

http://www.ebay.com/itm/1-OZ-OUNCE-...AOSwo0JWGAJe

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ChildOfTheWheat's Avatar
United States
5828 Posts
 Posted 10/22/2015  9:21 pm  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list Get a Link to this Reply
Oh God the First link's description is in comic sans

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


*** Edited by Staff to remove YELLING. All capital letters is the internet version of yelling. Please don't do it in titles or posts. ***
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Hello There's Avatar
United States
1191 Posts
 Posted 10/22/2015  10:34 pm  Show Profile   Bookmark this reply Add Hello There to your friends list Get a Link to this Reply

Quote:
solid brass


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gymcoachdon's Avatar
United States
717 Posts
 Posted 10/22/2015  10:40 pm  Show Profile   Bookmark this reply Add gymcoachdon to your friends list Get a Link to this Reply
The description of the item is clear and accurate. But the picture is of a gold bar stating 99.99% pure gold 1 ounce.
Is this a counterfeit Perth Mint 1 ounce gold bar? Would clearly be illegal if it was a gold US coin, but since it is a bar?
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gymcoachdon's Avatar
United States
717 Posts
 Posted 10/22/2015  10:46 pm  Show Profile   Bookmark this reply Add gymcoachdon to your friends list Get a Link to this Reply
In a couple places, the seller indicates it is not magnetic. A selling point only if you intend to use it to deceive someone, I would think. That first auction ended over 1k, no money to be made reselling it as solid gold!
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ArrowsAndRays's Avatar
United States
1656 Posts
 Posted 10/22/2015  11:39 pm  Show Profile   Bookmark this reply Add ArrowsAndRays to your friends list Get a Link to this Reply
Nice catch, SSK!
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Numisma's Avatar
United States
4963 Posts
 Posted 10/23/2015  01:22 am  Show Profile   Bookmark this reply Add Numisma to your friends list Get a Link to this Reply

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.
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SilverStackerKid's Avatar
United States
6478 Posts
 Posted 10/23/2015  01:39 am  Show Profile   Bookmark this reply Add SilverStackerKid to your friends list Get a Link to this Reply
Yes, don't try this at home. Try it in China.
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TypeCoin971793's Avatar
United States
6370 Posts
 Posted 10/23/2015  07:27 am  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply
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 Get a Link to this Reply
All you had to do to figure out that these were fake was to read the listing.
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Numisma's Avatar
United States
4963 Posts
 Posted 10/23/2015  3:46 pm  Show Profile   Bookmark this reply Add Numisma to your friends list Get a Link to this Reply
Although I don't like that the sellers are knowingly selling fakes, I agree- anyone stupid enough to buy these deserves it.
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Libertad's Avatar
Canada
3692 Posts
 Posted 10/23/2015  7:15 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
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
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leon1998's Avatar
United States
586 Posts
 Posted 10/24/2015  12:06 pm  Show Profile   Bookmark this reply Add leon1998 to your friends list Get a Link to this Reply
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.
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Parklane64's Avatar
United States
2668 Posts
 Posted 10/24/2015  3:45 pm  Show Profile   Bookmark this reply Add Parklane64 to your friends list Get a Link to this Reply
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
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Steele's Avatar
United States
1119 Posts
 Posted 10/24/2015  4:45 pm  Show Profile   Bookmark this reply Add Steele to your friends list Get a Link to this Reply
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.
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TomSwift's Avatar
China
171 Posts
 Posted 10/24/2015  5:17 pm  Show Profile   Bookmark this reply Add TomSwift to your friends list Get a Link to this Reply
Hmmm, I live in China. Maybe I should look into getting in on this. You can buy anything here. ;)
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