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Perth Gold Bars Hit The Counterfeit Market Unbelievable [must See Video]

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Pillar of the Community
Goldflake's Avatar
United States
697 Posts
 Posted 05/21/2016  02:57 am Show Profile   Bookmark this topic Add Goldflake to your friends list Get a Link to this Message Number of Subscribers
Finally the new 2016 video on China produced counterfeit Perth Mint gold bars.

They are sealed in the new Perth Mint tamper-evident case.

They will be around for years to come. What's in your wallet?

*** Edited by Staff to add YouTube tags. [youtube][/youtube] Please use them in the future. We prefer embedded video. ***

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Pillar of the Community
United States
1913 Posts
 Posted 05/23/2016  9:27 pm  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply
Thanks for posting this video. If buying on ebay, I'd definitely suggest only buying from the major reputable bullion dealers. If buying a gold bar in person, have the seller scan the bar with one of those guns. Anyone who is a significant player in the bullion business with have one. If they don't, they're subject to get scammed too. The bar in the video would have fooled me.
Pillar of the Community
Libertad's Avatar
Canada
3692 Posts
 Posted 05/24/2016  11:26 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
Break it out of the package every time. Bend it with your bare hands. Leave a tooth mark. If you can't do that then it's fake. These bars are meant to fool people at the top of the industry and if you don't know what you're doing you will be duped. There's a saying in the coin community: "buy the coin, not the holder", and it rings true in the bullion business. I hope everyone can buy real gold and play with it and not cherish it so much. By that I mean that if it's in a shiny-shiny form (pristine) you are less likely to test it. Bullion is bullion; it's not meant to be sacred.

One thing I noticed in a fake I once saw was that the font of the serial number is different than the genuine article. But again, don't rely on the packaging.
Pillar of the Community
Goldflake's Avatar
United States
697 Posts
 Posted 06/08/2016  11:47 am  Show Profile   Bookmark this reply Add Goldflake to your friends list Get a Link to this Reply
Hear is a recent sale of the newly released 1 oz. Counterfeit Perth Mint gold bar.

Seller stock_cher ebay item 262451237641 Sold it for $1,249 on May 23, 2016

Hear is the feedback "SCAM!!! Sell fake bar. Sent 2 fake bars. I only buy 1oz"

Be aware seller stock_cher has sold many gold bars on ebay.

Almost exact comparison to Video counterfeit.




Perth-Gold-Bars-Hit-The-Counterfeit-Market-Unbelievable-[must-See-Video]
Pillar of the Community
Goldflake's Avatar
United States
697 Posts
 Posted 06/09/2016  12:19 am  Show Profile   Bookmark this reply Add Goldflake to your friends list Get a Link to this Reply
Wake up People. Gold is selling for $1,261 an ounce.

Why would anybody sell a one ounce Perth Mint gold bar on ebay with a buy-it-now $1,200 usd?

With ebay and PayPal fees, the seller cleared about $1,050 usd.

Let me answer that question. It was a fake. China Counterfeit.

The idiot that bought it may never know for years its worth is $2.

ebay Seller auctionhouse365 ebay item 122009729803

Perth-Gold-Bars-Hit-The-Counterfeit-Market-Unbelievable-[must-See-Video]
Pillar of the Community
Goldflake's Avatar
United States
697 Posts
 Posted 07/08/2016  12:14 am  Show Profile   Bookmark this reply Add Goldflake to your friends list Get a Link to this Reply
Update:
ebay Seller auctionhouse365 ebay item 122009729803 is a counterfeit.

Buyer has confirmed. I take back the word idiot.
Quote:

The idiot that bought it may never know for years its worth is $2.

He knows now. The digital dotted assay serial # B036707.

Digital dotted serial numbers are fake. Digital dotted serial numbers are fake. Digital dotted serial numbers are fake.

ebay feedback
Quote:
bar was FAKE, seller hasn't responded in 2 days so have had to open ebay case



New Member
Mexico
1 Posts
 Posted 07/08/2016  2:35 pm  Show Profile   Bookmark this reply Add MontyFloyd to your friends list Get a Link to this Reply
I'm new here and this topic is what spurred me to register so that I could join the discussion.
I recently purchased a Perth Mint gold bar in the new 'black' packaging like the one in the video. After viewing the video, I immediately got my bar out to inspect it. The packaging looks intact and the thickness appeared to be thin (compared to what is revealed in the video). I am including a picture to show the digital dotted serial number. I called the dealer that I bought it from and they assured me that they do not buy bullion from anybody but the mint that made it.They also told me that if I had a problem with any bullion bought from them, they would make it right through refund or replacement. I asked about the digital dotted serial number and they said they had not heard that.
I'm not wanting to step on anybody's toes here, like I said, I'm new here, just looking for what is and what ain't.

edit: sorry, can't upload pic, it shows serial number as dotted characters
Edited by MontyFloyd
07/08/2016 2:41 pm
Pillar of the Community
Goldflake's Avatar
United States
697 Posts
 Posted 07/08/2016  7:07 pm  Show Profile   Bookmark this reply Add Goldflake to your friends list Get a Link to this Reply
This is what the new Perth serial numbered Black assay cards look like.

Notice the letter and numbers are uniformly correct. Concise and closer together. Bar is snugly packaged, no rattle. China fakes[pictured above]are close to the real thing.

Authentic Bar

Perth-Gold-Bars-Hit-The-Counterfeit-Market-Unbelievable-[must-See-Video]
New Member
United States
5 Posts
 Posted 09/15/2016  11:36 pm  Show Profile   Bookmark this reply Add snt to your friends list Get a Link to this Reply
Reading this, I'm even more worried my bar is a fake. My post from earlier (before I found this thread): https://goccf.com/t/269523
Pillar of the Community
Goldflake's Avatar
United States
697 Posts
 Posted 09/16/2016  01:39 am  Show Profile   Bookmark this reply Add Goldflake to your friends list Get a Link to this Reply
Hello. Goldflake here. Welcome to CCF.

Right back at you: I have to see the front and back of the assay card. Who sold it to you?

Check out my other blogs. If you have any doubt get it x-rayed at your local coin shop[LCS] or gold buyer.

My tip to you: Authentic 1 ounce Perth Mint gold bars in black/charcoal assay card. The zero in serial # has 3 dots, top and bottom.
Authentic 3 dotsPerth-Gold-Bars-Hit-The-Counterfeit-Market-Unbelievable-[must-See-Video]

FAKE has 2 dotsPerth-Gold-Bars-Hit-The-Counterfeit-Market-Unbelievable-[must-See-Video]
Edited by Goldflake
09/16/2016 01:41 am
Valued Member
Liquidsilver7's Avatar
United States
142 Posts
 Posted 09/16/2016  02:29 am  Show Profile   Bookmark this reply Add Liquidsilver7 to your friends list Get a Link to this Reply
---------
Edited by Liquidsilver7
09/16/2016 02:39 am
New Member
United States
5 Posts
 Posted 09/16/2016  02:58 am  Show Profile   Bookmark this reply Add snt to your friends list Get a Link to this Reply
Welp, if that's the case (2 dots vs 3), it appears I've bought a fake.

Perth-Gold-Bars-Hit-The-Counterfeit-Market-Unbelievable-[must-See-Video]

The dots are so close, they become one blob, but there are definitely only 2 under magnification. Also, the number 1 is has a line beneath it (serif), vs what I've seen of the real version, which is without the bottom line.

The package does not warp or bubble around the bar as videos have shown, but the plastic film is separating a bit around the edge of the bar. The thickness seems on par with a normal Perth bar.

This was purchased from a major dealer via ebay. I will be contacting them tomorrow, and would rather not say who it is before I give them a chance to explain.

Another pic of the die bleeding over the edge on the back:
Perth-Gold-Bars-Hit-The-Counterfeit-Market-Unbelievable-[must-See-Video]

Full pics:

Perth-Gold-Bars-Hit-The-Counterfeit-Market-Unbelievable-[must-See-Video]

Perth-Gold-Bars-Hit-The-Counterfeit-Market-Unbelievable-[must-See-Video]


Oh, and... hi, I'm the new guy! Suppose this isn't the greatest introduction, but, thanks for your help!
Edited by snt
09/16/2016 03:09 am
Pillar of the Community
Northerncoins's Avatar
Canada
2019 Posts
 Posted 09/16/2016  06:09 am  Show Profile   Bookmark this reply Add Northerncoins to your friends list Get a Link to this Reply
Whats even more troubling is that most people that get burnt buying fakes will want to try and get some money back, one way or the other... so ya these will be floating around, well like forever.
Pillar of the Community
United States
1913 Posts
 Posted 09/16/2016  09:39 am  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply
snt, take it to one of those we buy gold places and pay them $5 to scan it. That will tell you definitively if it's gold or not. If you have a known good bar, take it too.
New Member
United States
5 Posts
 Posted 09/16/2016  7:14 pm  Show Profile   Bookmark this reply Add snt to your friends list Get a Link to this Reply
I'm in contact with the dealer, and they are investigating. They assured me all bars come directly from the mint and there is no way this could be a fake. Perhaps Perth Mint is using a new printer for their bar numbers, with a different number of dots?

The photos on APMEX for this bar show a bar number similar to what I have - (2-dots horizontally on the 0, and line under the 1), but the back of the bar pictured looks different (i.e. authentic) - kangaroos do not cut into the edge at all, the bottom left most kangaroo shows just a small tail (mine shows a tail and small bit of the back hump), and the edge appears to have a ridge (mine is a flat-bevel vs this ridged bevel).

http://www.images-apmex.com/images/...0&height=900

http://www.images-apmex.com/images/...0&height=900

Yeah- I'm probably thinking too much about this, and should just have it fully tested, but that requires breaking it out of the package, which I'm not quite ready to do... We'll see what the retailer comes back to me with on Monday!
Pillar of the Community
United States
1913 Posts
 Posted 09/16/2016  8:10 pm  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply
You can absolutely have it tested without taking it out of the package. I sold two one once bars to Gainesville coins a year or so ago at a coin show. The guy had one of those gun scanners that worked right through the packaging. I saw myself on the readout that indicated they were both pure gold.
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