Spotting Fakes: How to Avoid Counterfeit Gold and Silver

Published on: September 5, 2025

As the value of precious metals rises, so does the prevalence of sophisticated counterfeits. Protecting yourself from fakes is a critical skill for any investor. While professional verification is best, there are several simple tests you can perform at home.

The #1 Rule: Buy from Reputable Dealers

Before we get into testing, the most important step is prevention. Buying exclusively from well-known, established bullion dealers with a long track record is your best defense. Be extremely wary of deals on sites like eBay, Alibaba, or Craigslist that seem "too good to be true."

Easy At-Home Verification Tests

1. The Magnet Test

Gold and silver are non-magnetic (diamagnetic). A strong magnet, like a neodymium magnet, should not stick to your coin or bar. If it does, you have a fake. However, be aware that some counterfeiters use other non-magnetic metals like copper, so this test alone is not enough.

2. Size and Weight Test

Gold and silver have very high densities. Counterfeits made from cheaper metals like tungsten (for gold) or zinc (for silver) must be either thicker or have a larger diameter to match the weight of a genuine product. Use a precise digital scale and a caliper to measure your item. Compare its weight and dimensions to the official specifications published by the mint.

3. The Sound or "Ping" Test

Authentic silver and gold coins produce a long, high-pitched ringing sound when struck, unlike base metals which sound dull and short. You can gently tap the coin with another coin (or a non-damaging object) and listen to the ring. There are even smartphone apps that can analyze the sound frequency to help verify authenticity.

4. Visual Inspection

Look closely at the details. Counterfeits often have "mushy" or unclear details, incorrect fonts, or a finish that looks off. Compare the item side-by-side with a high-resolution image of a genuine product from the mint's website.