Sadly, counterfeiting has become commonplace in Canada over the past few years. A standard assay can sometimes identify counterfeit bullion. However, skilled counterfeiters can occasionally deceive even seasoned bullion buyers.
The following tips, in addition to applying common sense, can be used to avoid counterfeit bullion:
Verify the seller's references to ensure that they are an authorized dealer before making a purchase. Take into consideration the bullion dealer's past. Typically, a search on the Internet will yield the information you require. Also, check to see if the vendor can provide a written guarantee that the goods are genuine. For example, the gold bars we sell at Au Bullion are sealed, certified, and have a serial number and a QR code for authentication on the label.
Find out how they combat counterfeits. Even legitimate bullion sellers can be exploited by counterfeiters. Find out how they prevent counterfeit bullion products from entering their stores.
Use professional assaying services for thorough testing, especially if you buy in bulk. Test the bullion prior to the completion of your payment if at all possible. If you need to cancel it, you can do so this way.
