How To Check Gold Bar Authenticity Before Buying
Verifying the authenticity of a gold bar is essential to avoid scams or overpriced purchases. While gold is widely available, not all bars sold are genuine or meet proper purity standards. Buyers should always confirm key details before proceeding.
Here are a few methods to help verify a gold bar:
- Look for hallmark stamps – These include the weight, purity (e.g., 999.9), and the mint’s name or logo.
- Request a certificate of authenticity – Reputable dealers often provide documentation confirming the bar’s specifications and source.
- Check the packaging – Tamper-evident or sealed packaging helps confirm that the bar hasn’t been altered or replaced.
- Use a magnet test – Gold is not magnetic. If the bar reacts to a magnet, it may contain base metals.
- Perform a density test – Genuine gold has a density of around 19.3 g/cm³. Tools or services can measure this.
- Ask for professional verification – Some services offer third-party testing using XRF or ultrasonic devices to confirm purity without damaging the bar.
By applying these checks, buyers can be more confident in their purchases. Working with a trusted gold bar dealer Peoria residents count on can also reduce the risks associated with unauthenticated bars.