Log in or Sign up. Coin Talk. Hey everyone- I'm a jewelry and gold buyer in Los Angeles new to the forum. We came across this fake Apmex bar a few months ago.
Thought I'd share.
Looks like the real deal, packaging, weight, everything. Keep an eye out! DGXJewelryNov 1, SwantmeyerLemme Caution and 3 others like this. Log in or Sign up to hide this ad.
GreggLemme Caution and ken like this. Just curious. What do you do to determine it's a fake? Lemme Caution likes this. First, welcome to the neighborhood DGXJewelry! Also, is the composition accurate, or is it fake gold as well? We had to cut it out of the packaging and did a scratch test and poured acid on it.
Without doing that I'm not sure how to determine.
Everything about it looks genuine. Is it gold plated tungsten? Sorry, I asked while you were posting.
Gold is arguably the most diverse precious metal available to investors and collectors. Gold bullion bars are perhaps the top choice of investors. Gold bars offer variety in terms of weight, purity, and style. With so many options to choose from, it can feel overwhelming. Learn more about gold bars available from JM Bullion below! Gold bars are commonly refined into two different types of bars. Cast gold bars are simpler products which are made through a simple process.
Most cast gold bars have only a refinery logo stamped onto the surface and come with the most important markings: weight, purity, and metal content. A cast gold bar is produced by melting gold in a large vat and then pouring it into prefabricated molds which are designed to ensure the proper weight and purity for the desired final product.
The bars are then left to air cool in the molds or dropped into cold water to speed up the cooling process. Minted ingots are made with a more refined process.
All minted gold ingots start out as long cast bars which are fed into a stamping press. This press is computer controlled and stamps cuts the minted ingots to a desired size and shape, and then continues along the press production line to have an image engraved onto the bars. These bars typically have brilliant visual finishes, more intricate design elements, and sharp edges. As you might imagine, the complication of the production process results in varying premiums for these gold products.
Generally speaking, cast gold bars are more affordable with a lower premium over the spot price of gold than minted ingots.
The most common weights purchased by investors are 1 Troy oz and 10 Troy oz bars. However, gold bars are popularly offered in a wide range of weights that surpasses the variety of any other precious metal product.
Gold bars also come with a wide array of designs. Some are so popular they are viewed as symbols of excellence within the precious metals industry, while others represent limited-time offerings.
Despite language and cultural barriers, everyone understands the value of gold. Today, gold bullion remains a primary vehicle for private investment and the protection of wealth.
The JM Bullion catalog contains a wide array of gold bullion products, some of which you can learn more about below.
Many investors buying gold turn to gold bullion coins from sovereign mints. Gold coins are a popular choice because the weight and purity of the coins are backed by a central bank and sovereign. The following are some of the most popular gold coins for sale :. Gold coins are struck with a minimum purity level of. Finally, gold bullion coins are often available in weights beyond simply 1 oz gold.
As mentioned above, gold bullion coins are preferred by many investors because they have the backing of central banks and federal governments. Additionally, these coins are issued by national sovereign mints and other state-owned facilities.
The following are some of the most prolific issuers of gold coins:. For those investors looking for variable prices, more designs, and greater options when it comes to the gold they buy, gold bullion bars are an excellent choice. Gold bullion bars are offered by private mints and refineries located around the globe. There is no government backing or central bank support, but these refineries have certified assayers in many cases checking the quality, purity, and weight of each product before it leaves the refinery.
Gold bars feature at least. Further, the weights offered for gold bars range from as small as 1 Gram to as large as 5 Kilograms. The primary benefits to gold bullion bars for gold buyers are diversity and affordability. Gold bullion bars have lower premiums over the spot price of gold when compared to gold bullion coins, and the variety of options is far more diverse. Gold bullion bars are available not only in the aforementioned weights, but also styles including cast, hand-poured, and minted ingots.
Gold bullion bars are struck continuously to meet the demand for gold, with the following refineries and mints representing some of the greatest refiners of gold bars:. If you run into any issues or have any questions as you buy gold from JM Bullion, we encourage you to reach out to our customer service associates.
Our team is waiting to assist you on the phone atonline using our live chat service, and via our email address. Subscribe to the JM Bullion newsletter to receive timely market updates and information on product sales and giveaways. Edit Cart. Create an Account. Already Have An Account?5 Ounces GOLD!!! - APMEX Order Unboxing - Credit Suisse Gold Bars
Log In. Remember Me Forgot Password? New to JM Bullion? Create An Account Track an Order? Check Order Status. Reset Your Password.Search CCF Members. Active Users. There are currentlyusers on this website. Welcome Guest! Need help? Got a question? Inherit some coins? Our coin forum is completely free! Register Now! Silver Hunter. I weighed them they are grams under weight. So I took some acid and noticed that they are copper. I took them back to the coin shop and the owner gave me my money back.
He said he bought of them last week and sold about of them.
Fake Apmex 1oz Gold Bar
Also if you drop the fake bar on the counter it does not give off the right sound. Report this Post to the Staff. Thanks for the info. Lucky Cuss. Appreciate the heads up. I wish everybody who comes across stuff like this would post about it, as counterfeiting is really the bane of our hobby, whether it be coins or bullion.
I wonder if it wouldn't be worthwhile to add a "Counterfeit Alerts" category to this forum, maybe under the "General Coin Forums" heading, so that they could be perused more easily and inclusively. Tired Warror. That alibaba site is downright scary! I am glad that you have seen our products on Alibaba. We have been replica of gold coins and bars for many years, the replica coins and bars we made are unique and perfect, no other manufacture can take place, the material we use is tungsten inside and fine gold plating, as you know the density of tungsten is almost the same as original, and we use electroplating technology to plate the fine gold on it, so the dimension is the same as original.
Quote: That alibaba site is downright scary! The seller even brags about it:. Man, remember when "sealed in its original plastic" used to be a selling point instead of something that raises suspicion? Check out the fake 1 oz. The Merc ury Dimes Specialist! They look plated even from the pictures. I too unseal anything I buy to check its authenticity. I just got 10 ea. APMEX 1 oz. All fakes. Called the seller.This company is not yet accredited.
See reviews below to learn more or submit your own review. Thank you, you have successfully subscribed to our newsletter! Enjoy reading our tips and recommendations. A link has directed you to this review. Its location on this page may change next time you visit. I love this company. They have always been fair and reasonable priced. However, they, as well as other bullion dealers around the country are overcharging way above spot. There is no oversight.
When the spot went down, demand went up. When we get on the other side of this crash, I question who I can trust. Their products are exactly as described.
Mine arrived just a few days after ordering it. Get buying tips about Gold Dealers delivered to your inbox. Customer service is also very knowledgeable and helpful. The account portfolio tool is wonderful for keeping track of your assets. The website is easy to navigate and very user friendly.
I have exercised the option to sell back to APMEX in the past but do not recommend doing this unless it's an emergency situation. First off, it came very quickly. It was sent out faster than any other company I have purchased silver or gold from. The order was for 4 silver coins and one silver bar.
They packaged it very well. I am used to USPS destroying things that are sent to me, so this was nice to see it so well packaged.
The silver was first wrapped in a little bubble envelope, then taped to the inside of a small but thick cardboard sleeve box. This double packaging method ensures that the silver doesn't slide around even if it takes a hit, and it's away from the corners where hits most often can damage them.
I didn't like that, but at least they were sealed in the plastic which does protect them. The bags are harder to inspect the coins because of the writing on them, but easier to keep them clean the two other coins came in plastic flips, that were then sealed in the little plastic bags.
The Bar was in its own sealed plastic that was thick and lets me inspect the silver. The South African Krugerrand has very slight tiny bumps on the outer rim of the front side. It is so slight however that I'm not concerned, and the dots seem to be from the manufacturing at the mint, not from any mishandling by APMEX. The symbol and writing on the bar seems very nice and clean, however along the outside edge when looking face on to the bar, there was a noticeable ridge that went along most but not all of the outside edge.
Looking edge on it didn't seem that it was a bent edge, so I can only assume its a tiny bit of extra silver. It's not too bad, and the writing on the bar is very nice so overall I'm pleased. I will most likely be buying more of there brand bar because I like the look of it, so I will report back if the error is on all the bars or just the first one I bought.
Since I had no major issues with the order, I can't really comment on the customer service except that when I asked questions before purchasing, they did respond back to me.Although there may be other sources which have acquired APMEX bars and are offering them to the general public, those bought straight from the source already have a very attractively low premium over spot, which is unlikely to be bettered anywhere else.
Furthermore, buying silver bars directly from APMEX is a rock solid guarantee of their purity and genuineness. APMEX is an impeccably honest company, so buying one of their silver bars assures you that it really is the advertised number of ounces in. Buying in volume makes good sense if you can afford to, since you will be granted a discount on the bars based on how many you purchase.
It will also save on overall postage costs — even if the single box your large order is shipped in is higher price than a smaller box, it will be cheaper in the long run than accomplishing the same with five or ten separate purchases.
APMEX bars are shipped by registered mail, UPS, or Federal Express, in plain, understated boxes, which draw no attention to them and are the best protection for you investment. You should make sure to be on hand to take delivery as well, and do not change the shipping conditions so that the boxes will simply be left on the step. Once the box has left the hands of the delivery service, APMEX is no longer liable for insurance coverage, which only makes sense but is something that you should bear in mind when a box full of silver is soon to arrive.
APMEX silver bars are not the crude, obviously poured bars of the early and middle twentieth century, such as some of the highly unappealing products offered by Johnson Matthey during that period.
APMEX silver bars are made of. This helps to make the bars singularly attractive, though they remain non-collectible. Like all silver bars, the APMEX bars are sold for only a narrow premium above spot — a premium which is unlikely to expand much in the future.
These silver bars are meant mainly to serve as an inflation hedge, retaining their basic melt value regardless of how the value of paper money fluctuates. However, if the price of silver should suddenly jump at some point in the future a subject for a later articlethen they might also end up being useful as an investment, allowing a one-time resale at a comfortable, or even enormous profit. The very low premium above spot on all of these bars, regardless of size, makes them a very tempting proposition for the silver investor.
These larger bars are extremely popular among APMEX purchasers because they store more value than the 1 ounce silver bars, but are still conveniently priced and sized for easy purchasing over time. The background of the badge is a large rendering of the American shield, with nine vertical stripes, alternating between mirrored and frosted finishes.
The bar is fairly hefty at 3. There is also an IRA acceptable version which can be used to back an Investment Retirement Plan in place of the usual stocks and bonds. Other Resources About Us.Log in or Sign up. Coin Talk. I just thought of about questions about how it works to buy IRA gold.
I'll do some research and report back. I love the Gold Buffalos real the only bullion coin I've ever had an interest in but could never justify getting one when I'd rather buy pre with the money.
If I can buy one and write it off that's a pretty good excuse to do so. Log in or Sign up to hide this ad. Lemme CautionNov 6, Again investors not even allowed to purchase gold to turn over to their IRA custodians. Investor possession of such will be considered distribution under IRS regulations and can be considered as fully taxable. It is the IRA custodian who has to purchase gold to be placed into the gold IRA account and his or her responsibility to store it in a third-party depository.
It is up to you as the investors to order the custodian to buy more gold or sell more gold as you see fit. The items must be kept in an IRS-approved depository specifically for precious metals. This depository should have an annual storage fee, paid from your IRA account, there it will be held secure until you cash it in or trade it for another type of investment.
Here is the Wiki introduction sorry, I prefer a source that doesn't provide and profits from doing it. Therefore, legally speaking, precious metals in an IRA are in the custody of the trustee or custodian, not the IRA owner.
For more info read IRS pub Lemme Caution likes this. Requiring the custodian to acquire the precious metals for IRA inclusion is a good rule: 1. Custodians buy from reputable sources and have the expertise and equipment to test precious metals.
And the swap might not be provable. Under the current system, if your material gets swapped with someone else's in a segregated account and ultimately proves fake, the custodian or their insurer are required to make it right.
Lemme CautionNov 7,