Today we discover how easy it is to distinguish authentic gold and silver coins and bars from fakes with makeshift tools and within reach of your pocket.
If we were to find ourselves in the situation of wanting to buy a gold or silver coin or bar but we did not have the tools to verify them, what could we do to complete the purchase safely? All you need is a small neodymium magnet and a wooden stick or a pencil.
๐ Read also: How to Test Investment Gold and Silver ๐ฌ
Contents
- (00:00) Introduction
- (02:20) Silver coins
- (02:52) Magnet
- (03:35) Lenz test
- (03:54) Sound frequency
- (05:28) Unwrapped silver bars
- (05:29) Magnet and Lenz Test
- (06:00) Sound frequency
- (07:40) Gold coins
- (08:04) Magnet
- (08:35) Lenz test (except for non-24k gold)
- (09:44) Sound frequency
- (10:34) Unwrapped gold bars
- (11:06) Magnet and Lenz Test
- (11:30) Sound frequency
- (12:50) Gold and silver bars packaged
- (13:15) Magnet
- (13:27) Lenz’s test
- (13:48) Size or eye
- (2.47pm) What if it was tungsten instead of gold?
- (17:23) Conclusions
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