Author Topic: "Gold Is Hot This Year. So Are Fakes"--Wall Street Journal.  (Read 904 times)

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Offline Birdman

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"Gold Is Hot This Year. So Are Fakes"--Wall Street Journal.
« on: August 06, 2016, 08:10:26 AM »
"Gold Is Hot This Year. So Are Fakes"
Wall Street Journal
Aug. 6, 2016

http://www.wsj.com/articles/gold-is-hot-this-year-so-are-fakes-1470481201

"...making and selling counterfeit gold coins and bars has never been easier, industry executives say. The mix of metals has improved the look and feel of fake gold, while online marketplaces such as  eBay  and Alibaba have made it easier to sell these products world-wide.

Rod Gillis, education director at the American Numismatic Association, said that even experienced precious-metals dealers may have a hard time distinguishing fakes. The market has also discovered a sharp rise in cases of counterfeiters faking the seal and packaging of a coin to make it appear as if it was authenticated by a legitimate coin grader, a practice known as slabbing..."

And has anyone used the iPhone app mentioned:

"...Mr. Myers, the New York gold buyer, said he used an iPhone app that tests coins by the sound they make when they are struck, which has helped him spot several fake coins over the past year..."





Offline tater

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Re: "Gold Is Hot This Year. So Are Fakes"--Wall Street Journal.
« Reply #1 on: August 06, 2016, 08:41:16 PM »
I have never heard of the app, anyone used it or know of it.

Offline Butch

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Re: "Gold Is Hot This Year. So Are Fakes"--Wall Street Journal.
« Reply #2 on: October 09, 2016, 09:37:41 PM »