Fakes, Frauds & Schemers
The 100 Mills ConspiracyExcerpts from EBay, “Buyer Beware” located at :
Consumers running throughout these pieces must steer far from to buy it. Right now there is a unprecedented variety of dishonest dirt bag sellers that are passing off silver/gold plated bars together pure silver/gold bullion. The form factor of the bars room all the same. A tiny rectangular shame bar the is very reflective and usually through some type of design on the front and the back. The best example, and also most common, is once sellers perform the purity of the plating (.999 silver/gold) in the title straight followed by the weight of the entirety bar. Placing these numbers together means your getting a .999 pure gold/silver bar the weights 1 ounce.
These are a few titles noted under the BULLION classification as :
"GOLD BAR 1 OZ "AMERICAN BUFFALO" 100 MILLS .999 24K 1 oz FINE BULLION INGOT"
"5 x 5 Gram gold Bar - American Buffalo - 100 MILLS .999, 24k good Bullion Ingot"
"GOLD BAR 1 OZ DA VINCI MONA LISA 100 MILLS .999 24k 1 ounce FINE BULLION INGOT"
All of these are offering for $10 on up. So much every buyer I have spoken to has had the same presumption as ns did, the they space silver bullion. So exactly how do friend tell if the items you room considering buying is among these fakes?
These room the signs:
The keyword "100 Mills" is in the location the vast bulk of the time. This ax is no applicable come bullion. Bullion by its meaning is solid.
You are watching: 1 oz 500 mills 999 fine gold buffalo bar bullion
Mills is a measurement of the thickness of the silver/gold plate. The is true the the silver plate is 99.999% silver- which is why these sellers are able to acquire away with their fraud. Yet they overlook to call you that the silver plate to represent 00.009% of the load of the bar.
The words, “In God we trust,” is in mixed caps. In genuine pieces, all the letters are capped.
See more: How Many Kilos Is 110 Pounds In Kilograms? Convert 110 Pounds To Kilograms
They are produced by CMC Mint yet sold by different companies. This is normally on the turning back of the bar. Part times you see this sometimes not. The majority of the people I have actually come throughout have been produced by CMC Mint. If you desire you deserve to buy these directly from the mint for $5 bucks a piece. Just do a rapid Google search
If you room still no 100% certain your bar is authentic, you deserve to lightly sand a edge of the bar. The silver- coat will conveniently sand off and also you will watch copper under its silver/gold face.