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Cbs News: China's Latest Export Boom -- Fake Gold Coins

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Joe2007's Avatar
United States
3843 Posts
 Posted 05/06/2016  1:01 pm Show Profile   Bookmark this topic Add Joe2007 to your friends list Get a Link to this Message Number of Subscribers
China's latest export boom: Fake gold coins
http://www.cbsnews.com/news/Chinas-...-gold-coins/

Hopefully the news media is finally going to start seriously covering the fake gold coin influx (from China among other places) which has reached epidemic levels in the past few years. For coin collectors like us, fakes are nothing new, but the numbers of fake precious metals coins & bars out there seem to be constantly on the rise, increasingly sophisticated, and more difficult to detect.
Edited by Joe2007
05/06/2016 1:02 pm
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ChildOfTheWheat's Avatar
United States
5828 Posts
 Posted 05/06/2016  5:34 pm  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list Get a Link to this Reply
Interesting read... Thanks for sharing!
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Libertad's Avatar
Canada
3692 Posts
 Posted 05/06/2016  9:00 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
When I buy gold it's almost never in bar form. It's rolled out from a refinery in thick square wire, so one can instantly see the graining patterns from the rollers and the impression left from the actual cut/shears. It's always good to learn how to authenticate your metals on the spot. Coins and bars make a person very gullible because they look at the "form" of the metal and never the metal itself, relying on reading the stampings, but gold is not a defined shape or words. Things I look for are the heft (density), the grain/pattern left by tools, and when in doubt I do the old wild west trick - I take a bite - if you can leave a tooth mark you're good.
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