Royal Canadian Mint-stamped gold wafer appears to be fake

CBC News ^ | Oct 30, 2017 | Stu Mills

[Leaning Right]

Also from the article:

The Royal Canadian Mint said in a statement to CBC it is in process of testing the bar, "although the appearance of the wafer and its packaging already suggests that it is not a genuine Royal Canadian Mint product."

[txrefugee]

Hint: on the back it says “Made in China”

[Red Badger]

Inside job.......................

[Red Badger]

There was a movie in the recent past that had a plot like this....................

[beergarden]

Fake just like their currency. I’m guessing Canadian Tire money was worth more? lol

[suthener]

Guy at a coin store showed me a packaged 1 ounce gold bar that was fake. The package had been opened for them to inspect the bar, but looked totally legitimate with even a hologram serial number sticker. The bar, which they had cut in half, was a lead bar with gold plate. The weight tipped them off. Buyer beware. I would never buy precious metals from anyone other than a reputable dealer, though I did see a pretty appealing 1 ounce gold bar on ebay for $29.99.

[Leaning Right]

> Inside job....................... <

Somebody should check to see if Hillary toured the mint recently.

[marktwain]

When I was in Australia, a freind attempted to sell some silver Australian coins. Australia had minted a few silver coins for a short period.

Two of the coins were fake. Wrong weight, wrong dimensions.

Good looking fakes, though.

[Red Badger]

It almost has to be an insider.

Replace the real gold with fakes, and nobody knows until one is sold..............

[Anti-Bubba182]

The best fakes are made using Tungsten, slightly lighter than gold. 19.25g/cm3 vs gold (19.3g/cm3)

[KingLudd]

American Morgans weigh more than Chinese Morgans. Lot of fakes out there. Legit US coins also have a distinctive ring when they’re spun on a hard surface. US coins made in China don’t ring right.

[Red Badger]

Really good fakes use tungsten instead of lead.

The weight is nearly the same as gold per unit volume................

19.30 g/cm3 u for gold

vs

19.25 g/cm3 for tungsten

vs

11.34 g/cm3 for lead

[Red Badger]

They don’t ling light?...........

[IronJack]

Hint: if the “gold” is just a tin-foil wrapper and the coin is made of chocolate, unless it’s Halloween and you’re 6, you got ripped off.

[chajin]

American Morgans weigh more than Chinese Morgans.

[Justa]

For The People ...of course.

[sipow]

I used to rip off my brothers with coins like that when I was little.

I would open it carefully and get the chocolate out, then put it back together and not squish the imprint of the design on the foil and leave the empty coin for them.

[Leaning Right]

> Hint: if the “gold” is just a tin-foil wrapper and the coin is made of chocolate, unless it’s Halloween and you’re 6, you got ripped off. <

Now you tell me, after I spent thousands on all that "gold". I just checked my stash:

[Justa]

Any company named after a whiskey brand is bound to have quality control issues.

Sometimes a cocktail napkin isn't the best place to write your company plan.

[Swordmaker]

Guy at a coin store showed me a packaged 1 ounce gold bar that was fake. The package had been opened for them to inspect the bar, but looked totally legitimate with even a hologram serial number sticker. The bar, which they had cut in half, was a lead bar with gold plate. The weight tipped them off. Buyer beware. I would never buy precious metals from anyone other than a reputable dealer, though I did see a pretty appealing 1 ounce gold bar on ebay for $29.99.

Tungsten is even worse than lead. It is close in weight and mass, and there are Chinese companies that are willing to sell 24K Gold Clad coins and even bars that the outside tests are pure gold, but the inside is tungsten. The mass checks right. The only test that catches them is to drill into the tungsten.

Tungsten Alloy Fake Gold Bar