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The RFD Gold & Silver Coins/Bullion/Precious metals thread

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  • Oct 1st, 2019 5:01 pm
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Newbie
Dec 8, 2018
2 posts
Hey guy I bought a Johnson matthey 1/2 oz 9999gold bar from a local gold dealer couple days ago. When I got home and took a closer look I realized some red spots on the gold. I also noticed the right side of the front looks damaged and has a lot of scratches on it. I am new to bullion investing and I think the owner of the store realized because I asked a lot of questions. I'm wondering if he sold me a fake piece or just the worst one he had lying around because he knew I wouldn't recognize or know better. Please let me know guys, I'm stressing out as I spent a lot of money on this bar. Ill take ANY advice for future bullion investments as I have a lot to still learn.
Deal Addict
User avatar
Dec 14, 2008
2015 posts
567 upvotes
Whitby
EzzoH9726 wrote:
Dec 9th, 2018 11:46 pm
Hey guy I bought a Johnson matthey 1/2 oz 9999gold bar from a local gold dealer couple days ago. When I got home and took a closer look I realized some red spots on the gold. I also noticed the right side of the front looks damaged and has a lot of scratches on it. I am new to bullion investing and I think the owner of the store realized because I asked a lot of questions. I'm wondering if he sold me a fake piece or just the worst one he had lying around because he knew I wouldn't recognize or know better. Please let me know guys, I'm stressing out as I spent a lot of money on this bar. Ill take ANY advice for future bullion investments as I have a lot to still learn.
Where did you purchase this bar from?
Deal Fanatic
User avatar
Jan 27, 2007
5035 posts
917 upvotes
Peterborough
EzzoH9726 wrote:
Dec 9th, 2018 11:49 pm
Here are the pics
That's a pretty rare bar. There's a sold on ebay that looks very similar. Mostly scammers will deal with the more common 1 oz. versions. Having said that I couldnt find any fake listings for half oz. bars. Only way to be sure is to have it tested.

Gold corrosion is problematic - you could try and weigh it. 1/2 oz plus a bit for the plastic. If way over or under, not a good sign.
Member
Nov 23, 2014
234 posts
29 upvotes
Westmount, QC
Gold maple leaves also develop red spots !
Selling koala 2011 & 2012 (28 CAD)
Kookaburra 2017 & 2018 (28 CAD)
Kookaburra 2013,2014,2015 & 2016 (29 CAD)
Monkey & dog 1 oz lunar perth mint (33 CAD)
Deal Addict
User avatar
Apr 17, 2005
4239 posts
953 upvotes
Kitchener
So much remorse for not buying.
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Deal Addict
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Apr 17, 2005
4239 posts
953 upvotes
Kitchener
RolandCouch wrote:
Dec 12th, 2018 11:03 pm
It's barely up?
The sale on the 100 count 1oz rounds is over now. 2079.80 -> 2229.64
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Deal Guru
Jun 26, 2011
12424 posts
2648 upvotes
Markham
Thundercloud wrote:
Dec 13th, 2018 5:30 pm
The sale on the 100 count 1oz rounds is over now. 2079.80 -> 2229.64
Ahhh gotcha. I don't buy sunshine anyway.
Member
Nov 23, 2014
234 posts
29 upvotes
Westmount, QC
euphoria18_79 wrote:
Dec 12th, 2018 5:58 pm
IS there any others.. maybe more canadian based? OR is it there and ebay as the best bets?
There's a lot of canadian sellers and buyers there.
Its the best forum I saw in the last 7 years.
Selling koala 2011 & 2012 (28 CAD)
Kookaburra 2017 & 2018 (28 CAD)
Kookaburra 2013,2014,2015 & 2016 (29 CAD)
Monkey & dog 1 oz lunar perth mint (33 CAD)
Member
Nov 23, 2014
234 posts
29 upvotes
Westmount, QC
RolandCouch wrote:
Dec 12th, 2018 11:03 pm
It's barely up?
Sales are coming !
Selling koala 2011 & 2012 (28 CAD)
Kookaburra 2017 & 2018 (28 CAD)
Kookaburra 2013,2014,2015 & 2016 (29 CAD)
Monkey & dog 1 oz lunar perth mint (33 CAD)
Deal Addict
User avatar
Apr 17, 2005
4239 posts
953 upvotes
Kitchener
RolandCouch wrote:
Dec 13th, 2018 5:56 pm
Ahhh gotcha. I don't buy sunshine anyway.
Any reason why you don't? Their security feature seems pretty quick and nifty and easily demonstrated to even people not familiar with PM.
Silvercoin wrote:
Dec 14th, 2018 9:12 am
Sales are coming !
Hoping it does soon. The 500 count maple leafs were on sale before too but that's way beyond my credit card limits.
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Deal Guru
Jun 26, 2011
12424 posts
2648 upvotes
Markham
Thundercloud wrote:
Dec 16th, 2018 8:00 pm
Any reason why you don't? Their security feature seems pretty quick and nifty and easily demonstrated to even people not familiar with PM.
Hoping it does soon. The 500 count maple leafs were on sale before too but that's way beyond my credit card limits.
I think I have (or had and sold) a handful of them. I didn't like the look and I know several years back there were a lot of fakes. If that's less of a concern now, that's good
Deal Fanatic
Sep 26, 2006
5019 posts
491 upvotes
Toronto
To piggyback off the last topic, is it worth spending the extra $10 or so per oz of gold to get RCM versus Sunshine if I might sell the bar down the road?

Also, how much over spot is it worth it to buy or should I wait for deals at spot?
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