The short answer
Start with the simple checks: the markings, a magnet, and the item’s weight and size compared with the official specifications. They catch crude fakes made from the wrong metal. The best fakes, made of gold-plated tungsten, can pass all of them, because tungsten is almost exactly as dense as gold. For anything valuable, have a dealer test it with equipment that sees below the surface, such as ultrasound or an electronic tester. Buying from established dealers is still the best protection.
At a glance
| Checks you can do at home | Markings, a magnet, weight and size, density |
| What they catch | Fakes made of the wrong metal, weight or size |
| What they can miss | Well-made gold-plated tungsten |
| Tests a dealer can do | Acid, X-ray fluorescence (XRF), electronic testers, ultrasound |
| Biggest red flag | A price below the value of the metal |
Check the markings
Gold jewelry sold in the U.S. is usually stamped with its karat, such as 14K or 18K, or a number such as 585 or 750. The FTC advises looking for the maker’s name or registered trademark next to the karat mark, because that’s the company standing behind it. Marks such as GP (gold plated), GF (gold filled) or RGP (rolled gold plate) mean a layer of gold over another metal. For silver, “sterling” or 925 means 92.5% silver.
Bullion coins carry the mint’s design, the year, the weight and the purity. Bars show the maker, the weight, the purity and often a serial number that matches an assay card. All of these can be copied, so markings are only a first filter.
Try a magnet
Gold and silver aren’t magnetic. A coin or bar that sticks to a magnet is fake, and the Anti-Counterfeiting Educational Foundation lists magnetic coins among the signs of counterfeits sold online.
Passing the test proves little, though. Copper, brass, lead and tungsten don’t stick to a magnet either.
Weigh and measure it
Counterfeit coins are often the wrong weight or size. You need a scale that reads to a hundredth of a gram and a caliper for the diameter. Compare what you get with the mint’s specifications:
| Coin (1 oz) | Total weight | Diameter |
|---|---|---|
| American Gold Eagle | 33.931 g | 32.70 mm |
| Canadian Gold Maple Leaf | 31.11 g | 30 mm |
| South African Krugerrand | 33.93 g | 32.77 mm |
| Austrian Gold Philharmonic | 31.10 g | 37 mm |
| American Silver Eagle | 31.103 g | 40.60 mm |
The Gold Eagle and Krugerrand weigh more than an ounce because they’re 22-karat gold. Each contains a full ounce of gold plus some copper, and silver in the Eagle’s case. Our guides to the Gold Eagle and Krugerrand explain the alloys.
Check the density
Gold is very dense, so a fake made of a lighter metal has to be either underweight or oversized. A density test catches that even when the weight looks right.
To do it, weigh the item in grams. Then put a cup of water on the scale, zero it, and hang the item from a thread so it’s fully under water without touching the sides or bottom. The new reading, in grams, equals the item’s volume in cubic centimeters. Divide the weight by that number.
| Metal | Density (g/cm³) |
|---|---|
| Gold | 19.3 |
| Tungsten | 19.3 |
| Lead | 11.3 |
| Silver | 10.5 |
| Copper | 9.0 |
The table shows the problem. Tungsten matches gold almost exactly, so a gold-plated tungsten bar or coin can pass a density test as well as a weight check.
Tests a dealer can do
Coin shops, jewelers and refiners have equipment you probably don’t:
| Test | What it does | Marks the item? | Sees below the surface? |
|---|---|---|---|
| Acid test | Checks how a scratch on a testing stone reacts to acids | Leaves a small scratch | No |
| XRF analyzer | Reads the metal’s makeup with X-rays | No | No |
| Electronic tester | Measures how the metal conducts electricity | No | Some models, to a limited depth |
| Ultrasound | Sends sound waves through a bar | No | Yes |
| Fire assay | Melts a sample to measure the gold in it | Yes | Yes |
XRF analyzers are accurate, but they only read the surface. A maker of ultrasonic test equipment notes that tungsten inserts are hard to find by eye, by weighing or with radiography, while ultrasound picks up the boundary between the two metals. For a bar you’re unsure about, ask for a test that looks inside it.
The fakes to watch for
- Gold-plated tungsten bars. These are the most dangerous fakes because they pass the simple checks. Ask for below-the-surface testing on any bar bought outside an established dealer.
- Counterfeit bullion coins sold online. In 2023 the Anti-Counterfeiting Educational Foundation said it had tracked more than 300 websites selling fake coins and bullion, with American Silver Eagles among the targets. It warned that “the quality of many counterfeits is quite good and easily can deceive buyers.”
- Fake certificates and holders. Assay cards and coin grading holders can be copied too. For graded coins, look up the certification number on the grading service’s website.
- Plated jewelry sold as solid gold. Check the marks, and be wary of “solid gold” pieces priced like costume jewelry.
How to avoid buying a fake
- Buy from established dealers with a track record and a physical address. The foundation’s advice is blunt: “if you don’t know precious metals or rare coins, you’d better know a reputable seller.”
- Walk away from prices below the value of the metal. Nobody sells real gold at a loss.
- Keep coins and bars in their original packaging, and check that serial numbers match any assay card.
- For a private sale, meet at a coin shop and have the item tested before you pay.
Our guide to red flags when buying gold covers the sales tactics, and buying gold locally explains how to check a shop.
If you think you have a fake
Stop using or reselling the item. Contact the seller and, if you paid by card or through a marketplace, your card issuer or the platform, which may be able to reverse the payment. You can report counterfeit coins and bullion to the Anti-Counterfeiting Educational Foundation and fraud to the FTC at ReportFraud.ftc.gov.
Frequently asked questions
Does real gold stick to a magnet?
No. Neither gold nor silver is magnetic, so a coin or bar that sticks is fake. Passing the test proves little, because copper, brass, lead and tungsten don’t stick either.
Can a gold-plated tungsten bar pass a weight test?
Yes. Tungsten is almost exactly as dense as gold, so a well-made fake can have the right weight and size. Ultrasound or an electronic tester that reads below the surface is needed to find it.
Is a dealer’s XRF test enough?
For coins and jewelry it’s a good check of the metal at the surface. For a bar, it can’t see a tungsten core, so ask for ultrasound or another test that reads inside the bar.
Can I trust a coin in a grading-service holder?
Usually, but holders have been counterfeited. Look up the certification number on the grading service’s website and check that the coin matches the listing.
Sources
- FTC, Buying platinum, gold and silver jewelry
- Anti-Counterfeiting Educational Foundation, Fake gold and silver coins on hundreds of websites (February 2023)
- Anti-Counterfeiting Educational Foundation, Report a counterfeit
- Royal Society of Chemistry, Periodic table: gold
- Royal Society of Chemistry, Periodic table: tungsten
- Royal Society of Chemistry, Periodic table (lead, silver and copper)
- Evident Scientific, Ultrasonic testing of gold bars
- U.S. Mint, American Eagle Gold Proof Coin: specifications
- U.S. Mint, American Eagle Silver Proof Coin: specifications
- FTC, ReportFraud.ftc.gov