The store should have given him his money back. Going to the news media, the guy is not trying to scam the store. Even if the store wins in court, it has cost them goodwill. I wouldn't buy from them now, regardless.
i mean i feel for the guy who owned the store at well, the guy who purchased the gold should have tested it or request a test before they would have left. I can understand why he would feel maybe the guy would be swapping the gold, a 1 oz gold bar is not cheap. It's just an unfortunate situation all around.
@@HippieJoe scammera rely on people to be ignorant they probably saw him saw he didn't know much and decided to take advantage that 1200 is pocket change to that business id never do business with them
I would have no problem buying from this coin dealer. There's no proof the bar sold is the bar in question. His son could have swapped it out with a fake to take his gf out. Anything could have happened.
Yep, most likely tungsten because the dimensions of the bar look right. If it was copper or brass inside it would need more than double the thickness of a genuine gold bar to have the right weight and it would be very easy to see.
Gold bar manufacturers should put a small hole on the back of the card so the gold could be scanned on the machine without removal of the bar from the package
@@realtyrocks1969 Fairly. I watch a lot of RU-vid videos where coin shop owners verify with the Sigma machine through the plastic. However, I am not an expert and could be wrong.
@@StackerFactor Appears youre right. Which makes me wonder why anyone wouldnt have done this before a catastrophe like this happened. Google says " The Verifier can see through plastic cases and bags, so numismatic coins do not need to be removed from protective holders."
I have a couple of 1 and 2 gram Gold bars - and they all have serial numbers. A 1 troy ounce Gold bar should have a serial number stamped on the bar and a corresponding number on the assay. Shop owner should have tested the bar and the guy buying it should have done his homework first - would you spend 1200 on a refrigerator or computer without doing some research before you bought it? Buying bullion isn't something done on a whim. You should learn as much as you can about bullion - and then buy some. This is a major purchase and requires due diligence. I feel bad for this guy, but did he do his part to avoid a scam? It doesn't appear he did. The store looks sketchy as well - I wouldn't shop there.
I mostly buy silver but some gold. Even tho there’s a high premium I try to stick to nationally backed coins from trusted nations usually (US, Canada, England, Australia, etc.) especially those with security privy marks. I then immediately test it, and if it passes (it always has for me) I seal it in a capsule or cardboard flip.
Reputable sellers don't sell fakes, it's not that hard to tell, they know exactly what they sold him. An expert can tell just by the look and feel, even amateurs develop this skill quickly.
Anyone can stamp a serial number I deal with precious metals and any one who’s running a business out of it. Should be using XRF analyzer doesn’t lie and protects both buyer and seller! Can’t afford XRF small fee to send it to be tested!
The store is responsible for selling real gold bar without a SERIAL NUMBER ... and DO NOT buy gold from local dealers at all. Also, the gold color and packaging looks so fake
I never buy bars, they’re the most counterfeited; Only sovereign mint coins from reputable dealers. Buyer beware, there’s alot of fakes out there. That couple extra dollars premium is worth it from a big dealer with a reputation to maintain. Buy the sales on the dips.
Pawn shops, coin dealers, any shop buying and selling precious metals ALWAYS test BEFORE they purchase.... difficult to believe the shop didn't know that they had ( produced... sorry ) purchased a fake..... and then sold one. To a small business owner, reputation is everything... unless reputation in not a concern.
He must of man if the owner says he tested it he must have, what is good to do is if u sell bullion is to test the bar on camera making sure the serial numbers are shown that way if a customer tries to scam u buy switching it you’ve got proof
That’s why you should just buy government minted coins. Those are really hard to fake. Meeting a guy in a Walmart parking lot right now to buy that same bar in this video. I have the machine the guy at the store tested them with. Wish me luck! Hahaha
@@anthonyca I definitely think he knew. He said it was an inheritance from his father. But I highly doubt his story. I met another person selling a fake gold coin. If you’re not at a dealer or the person can’t verify it, stay away. Both of these instances, they were selling the gold for far less than it was worth. That’s a big red flag.
@@jeffmee9326 ya, I would never buy from someone like that. I only buy from one source and they have been in business for over 50 years and give me good prices.
