The MGS Precious Metals Blog

Manhattan Gold & Silver is an industry leader in precious metal pricing and refining with more than 30 years of experience. During our time in the business, we’ve found the topic of precious metals to be a vast and interesting one. Here on our precious metals blog, we write in-depth posts about the science of precious metal refining, historical and modern uses for precious metals, market news, and much more. Subscribe to our RSS feed to stay current, and discuss the latest posts on our Facebook and Google+ pages.

Fake 18k Gold Chain Scam Spreading

June 17, 2011 04:06

We at Manhattan Gold & Silver have dealt with a fair share of precious metals in our time. However, there is a significant quantity of chains going around with nothing precious about them.

The chains are pretty tricky work as these pictures show: 

They look like white gold, are stamped 750 (18K), and will even pass acid tests showing 18k purity. If a jeweler or pawnbroker were to buy one or more of these fakes, it could translate into a significant loss.

The best give-away for these phony chains is their density. As we all know, real gold is an extremely soft metal. If you take one of these chains and rub it or file it, you’ll notice it’s quite hard when compared to real 18k gold. Another hint that they chain is fake is that it will not disappear with the acid.  The mark you rubbed on the stone should eventually fade away with the acid.  These chains will generally hold up to the acid for longer periods of time.  An assay will also reveal the chain as counterfeit, but underequipped jewelers and pawnbrokers will have to rely on experience to spot the fakes.  If you are not sure, call us or feel free to show it to us before making an expensive mistake.

Manhattan Gold & Silver has seen a few of these chains come in, but our experience vetted them out for what they were. Unfortunately, we had to inform customers with the chains that they were worthless. To all our customers, please be careful when buying gold pieces and make sure to run a full battery of tests on them to ensure you’re getting actual gold.

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