Using an application on their mobile phones, buyers can scan the surface of a gold bar with or without packaging and check if it was produced at one of the refinery's facilities. The way it works is that each gold bar has a specific set of impressions or identifiers on its surface depending on the mold used to produce it. Gold bars will have large marks with a stamp and stamps of their weight, purity, refiner and a serial number. Only buy gold bars with a recognized stamp, which guarantees that your gold would have been minted by reputable refiners.
For a list of accredited refineries, see the London Bullion Market. For example, the popular 24-carat coins weigh exactly one troy ounce each. Coins such as the 22-carat American gold eagle and the gold Krugerrand weigh more than a troy ounce because they are made with alloys. Buy U.S.
Government-Issued Gold Coins. UU. Many of our gold coins are designated as official legal tender and are guaranteed for their gold content, weight and purity. Buy precious metals online or call 1-844-307-1589 to speak with an account executive today.
All authentic Credit Suisse gold bars consist of a thin rectangle of gold with its information engraved on the front of the bar. The gold fineness, content and serial number of the bar must be presented in a modest font, making it instantly recognizable to precious metal experts. A rectangular box with “Credit Suisse” engraved inside should be placed above the bar information, while the French phrase Essayeur Fondeur (meaning “melting tester”) is located below its gold gram count. Each gold bar has the exact dimension of Credit Suisse gold bullion machines, making bars of the same weight identical to each other.
While gold is a much more stable investment than a random ETF, it is still exposed to some minor risks. Keep in mind that this could simply indicate higher amounts of other metals, such as iron or nickel, compared to gold. To ensure that the market does not deceive you, it is imperative that you confirm the authenticity of the gold bar you just purchased. First of all, if you buy from a reputable gold bullion supplier, you have little to worry about.
Sometimes counterfeiters do a fantastic job replicating the characteristics of a Credit Suisse gold bar, making it nearly impossible to differentiate between them. Many novice investors can't discern between genuine gold bars and counterfeits, making it easy for them to fall for the scam. Money Reserve is here to provide you with the information you need to make sure that doesn't happen to you, no matter where you choose to buy gold. Real gold won't react to acid at all, but a darker gold color probably means the gold is authentic, but of lower purity.
Novice and intermediate investors and collectors of gold and silver should not take the test unless they are under the supervision of an industry expert. Unlike other metals, gold and silver are not magnetic and should not attract magnets regardless of their strength. A green mark means your gold is fake, and if it has a milky color, you have gold over sterling silver. You can easily find a gold test kit to use at home, but take some precautions, such as researching the supplier of your acids and wearing gloves to perform the test.
This concoction is melted and poured into a mold (or crucible) and a small part of the gold remains in a solid state to be analyzed. Real gold jewelry usually has a hallmark that includes its carat value, which you can find more information about here. The differences may be minor in this case, so you'll need exact tools to accurately measure gold bars. .