@@christianboushell4380 polishing it in steel shot more than likely takes off a tiny amount of gold. Whether it shows up on the scale or not we don't know since he didn't weigh it after polishing.
@@___DARK_PURSUIT___ I see your point. You might just be right but the question is how much is left. Polishing would remove exactly how many grams? Would it matter if it was .5 grams? You got me curious now. Lol.
@@Duciousness he says he puts the bars in there for 10-15 minutes. While I don’t think it would take off a considerable amount of material, you’d still be losing money if you’re paying even market value for this gold due to the printed weight being wrong.
@ConnorGaughan-do9hg Only governments can issue coins. If it was stamp on a round planchet, it'd still wouldn't be a coin it be a round. But typically rectangle shape bullion is referred to as a bar
only a government can issue a coin that has monetary value* *ftfy. Or did you forget about the Chuck E. Cheese coin tokens or the free vacuum coins you get for buying that supreme tier wash at the local touch-free behind the Shell station?
@@Skurvy2k well, the problem with your comment is one……….I’d never have a leftist friend and two…….leftist generally aren’t friendly, especially if you disagree with ANYTHING they say. I’ll still keep buying precious metals, just like buying firearms, you’ll probably never lose money on purchasing either one.
with pure gold, it's more just burnishing or rearranging the surface. it's just too soft to break off pieces like that. i'd be shocked if a measurable amount is removed.
Low key they're not even that well polished. Since they're essentially a fancy statement piece (gold doesn't need to be stamped to worth, well, it's weight in gold), might as well be jewelry quality polished.
People in the comments really complaining how he's a useless middleman for converting gold into gold bars. Guess what? He sells the gold bars, not the gold. He takes the time and effort to make all his gold bars weight the same and make it easier to everyone who purchases them to count them. He gets rid of impurities and guarantees a pure 99.9% gold bar. It would be like complaining that all a carpenter does is convert wood to a wooden chair.
Besides the gold shot he shows kilo bars as his “raw material”. Which are already refined to 24k and weighed by a trusted refinery. So yeah, to use your carpentry analogy he takes ready made chair and makes his own plus paints it at the end
@@hanskaiser6030never once did he say "raw" or "material" he said "we purchase gold from our trusted supplier. Hes buying a kilo bar, making 36 1oz bars and banking on the premium times 36. You may try to discredit the skill but you cant knock the hustle.
a wooden chair is vastly different in function than a piece of wood a gold bar that says liberty is not at all different from a piece of gold the same mass
cope. but yeah it is just a service not laying down his life or busting ass out in the heat building shit. it’s a family trade that is kickass and his thing. don’t have to defend the idea of making gold so hard
@@voodooreptiles3553 bro I’m not even into collecting coins or precious metals but the fact that he called these coins I can’t tell if he’s trolling or not
random note, you are certainly not washing graphene off of that ingot. I think you meant graphite unless you have the most expensive crucible in the world
@@johnrus7661you’re incorrect. “The IUPAC (International Union for Pure and Applied Chemistry) recommends use of the name "graphite" for the three-dimensional material, and "graphene" only when the reactions, structural relations, or other properties of individual layers are discussed.” It’s still a graphite crucible that he has shaved graphite off of. Please prove how he only shaved a one atom 2d layer off of it…? 🤔 He didn’t. Graphite.
Genuinely curious. What makes for a high quality gold bar? Is it just the stamping process and such looks kinda home brew? Hypothetically it’s still just all good right? You get the value of the weight you pay for?
@@justinbailey8976 generally yes, the gold itself isn’t cheaper, but the premium is substantially lower compared to a good quality bars. Also the gold purity isn’t the same. Good quality bar has 999.99% gold, and this one is more like 999.0%
@@OtakuBoe maybe, point is most people don't want to buy gold unless it comes with an assay (independent certification that the gold bar is in fact a .999 pure gold bar) or is a government issued coin that can be checked to ensure it's not a counterfeit
@@justinbailey8976 I think it also has to do with the fact that it's all scratched up, and it seems like it'd be too easy to mess up the stamping process imo
yes, dont do it... its keeping or raising in worth for centurys, better stay with the dollar. at least you can use it to make a fire in 2 years, when BRICS is taking over :)
Bro. Gold is always so valuable. Even if today we use artificial money, gold still valuable. Electronics is a thing today. Gold and rare earth metals are so worthy to collect to save our assets/money. Rather than deposit it in bank. Bank is SUS. Crypto currency is far more sus than Bank.
@@LavigneProductions I think you would have to be an actual idiot to do that. Engraving a design like that by hand would easily approach doubling the cost of the bar If you were smart and cheap you engrave a die and use an arbor press to do the same job. That's... possibly what he meant I suppose.
Look up the definition of a coin dummy. If it has a denomination, it is a coin. If not, it's a round or bar. Literal definition: A flat piece of metal issued by governmental authority as money. So mind your business
@@danielking4880 Only governments can issue coins, what he’s making is just common bullion, and that bar should weigh about 31.1 grams for it to be a Troy ounce which is the standard in the bullion/precious metals market
I used to work for a minting company about 10 years ago (large operation). We served clients and governments from all over the world. It's always fascinating to see and create flawless coins, where some clients wanted only perfection, which we were able to fulfill.
@@johnrus7661 It can actually be both but bar/ingot is whats typically used when referring to a rectangular slab of metal. The 1oz dragon bars/coins by Perth mint are a good example since they are frequently called both.
@@kevinsutton5580 the definition of a coin is "a small, flat, round piece of metal used as money, with a number showing its value and often a decorative picture"
I ain't never seen so much hate in a comment section before. I don't understand why everybody is bitching about this guy and his product. He tells you right up front what it is and what the price is.
First his showing a product called a "bar", coins are the round ones. If he doesn't know the difference between gold coins and bars, this product is 100% not real gold like advertised in this video and in turn will trick people who do not know any better. aka. a scam
Im a cnc machinist we got a huge ass tubler since im young alot of times i have to run it because my co workers are 50+ years old its def a workout lol
yeah genuinely scary this dude is stamping as though theyre legit certified gold bullion producers haha, my instant thought the gold content could be ANYTHING with a 999 stamp.
@@Doflaminguard generally in the gold and silver market, "coin" is specifically reserved for government backed products like American gold/silver eagles or Canadian gold/silver maples, "bar" is used to describe anything rectangular, especially if it doesn't have a denomination assigned to it, and "round" is used for coin like items that are *not* issued/backed by a government.
I'm not sure why he referred to it as a coin, everything else seemed legit. Eventually I'd love to have the equipment to stamp out signature bullion. I'm more in the amateur refiner garage days, but people who aren't educated slightly on the subject probably haven't bothered learning the difference between coinage and bullion.
It is not a coincidence that as there is no denomination on it but in Japan they did do oval coins and they are coins as they had a denomination on them
I’m at the grocery store right now trying to buy a loaf of bread with one of your coins but the clerk is just saying over and over that they need “real money”…what do I do now?
@@Apollo-Computers Dude, the gold standard hasn't been a thing for 50 years. There's literally nothing backing up the USD, or any other currency for that matter. It all just works on collective belief. It's all fiat!
@@johnmccarroll It's worse than that, a coin is made by a government mint (or on behalf of a goverment) and has a monetary value. A 'coin' made by a non-goverment mint is a round. These are bars. Eventually, after many months he claims that he does it deliberately to drive engagement whereas it actually makes him seem like a clueless unprofessional tosspot.
1. He does not validate purity 2. Polishing tumbler DOES remove weight, if he doesn’t re-weigh at the end and sells for 37.5g stated, he’s cheating the customer. Not by much, about 7.5-15 dollars per coin.
i couldn't find any documentation on their website about authenticity or if any third party verifies the gold purity/weight at any point - if it isn't a scam then they really need to provide some documentation or something on the website bc right now the website seems extremely sketchy. if it is a scam then its sad because they are selling these for thousands of dollars... crazy
@@baby_muppy I couldn’t agree more with this sentiment. If they don’t have any documentation it and honestly I wouldn’t trust with just them saying their supplier. They should at least let us know how the supplier gets their gold. I’ve seen people skim for gold up in the small creeks near Sacramento.
Interesting I didn’t know that “coin = gold rectangle” I must live under a rock, because the only coins I know about are the round ones, these to me are gold mini bars 😂
Coins isn't a word for round always it's for goverment issues currency also he says coins to Increase interaction to his video (he has made video about it)
Square coins have existed before, as well as oval-shaped coins, though those designs were more common in East Asia. If you’re familiar with Pokémon Meowth’s little coin on his head is based on such currency. Granted most coins these days are circular but the point still stands, I guess.
I agree, they're not coins. Not because they're rectangular. But because this just isn't what a coin is. This is just a thing to have or buy to have some gold, whether it's for investment purposes or just to be like "ooh gold." The reason it's not a coin is because it's got a frickin certificate on the back. It's not currency, and it's not decorative. It's ugly. It's just not a coin. If I wanted a gold coin, this is not what I would buy. So, I know I did a terrible job explaining it, but basically it's not a coin because it's not a coin 😂 to me it's more like a very small gold bar. And it's ugly.
@@markWilliams-bw7uj actually yes... "a flat, typically round piece of metal with an official stamp, used as money." The definition of a coin... All they did was simplified it into 3 words
