Member Login

Newsletter

OTTAWA, CANADA - The Royal Canadian Mint is investigating how a sealed, "pure gold" wafer with proper mint stampings may in fact be a fake. 

The one-ounce gold piece, which was supposed to be 99.99 per cent pure, was purchased by an Ottawa jeweller on Oct. 18 at a Royal Bank of Canada branch. Yet tests of the bar show it may contain no gold at all.

When neither the mint nor RBC would take the bar back, jeweller Samuel Tang contacted CBC news.

"Who is going to make sure those [gold wafers] are real?" asked Tang. "I am worried there are more of those [gold wafers] out there, and no one knows."

RBC has now picked up the bar and and returned it to the mint for testing, refunding Tang the $1,680 purchase price. 

The Royal Canadian Mint said in a statement to CBC it is in process of testing the bar, "although the appearance of the wafer and its packaging already suggests that it is not a genuine Royal Canadian Mint product." 

Read more at CBC News.

All information presented on FakeBullion.com is for entertainment purposes only.  FakeBullion.com LLC assumes absolutely no liability for the use of any content of the FakeBullion.com website or any information generated by FakeBullion.com LLC and distributed elsewhere and does not guarantee accuracy.  Donations, advertising, or any other payments do not grant insurance or recourse of any kind.  All brand names and designs remain trademarks of their respective owners.  All original information, graphics, and photographs are copyrighted and may not be redistributed (including but not limited to: other websites, forums, print media, broadcast media, etc.) without express written permission from FakeBullion.com LLC.  FakeBullion.com LLC makes no guarantees about advertisers and is not responsible for any third party transactions. 

Click here for the full site Terms and Conditions.

VigLink badge Positive SSL