March 20, 2015

 

Maguire Refining  was recently  made aware  of a counterfeit 1 Troy Oz gold bar  found by another  refiner based in New York.  This  bar was reported to The IPMI  (International Precious Metals Institute)  earlier this month who notified Maguire Refining and their other members.

 

The bar in question  looks like a legitimate bar produced by the Royal Canadian Mint, however , XRF analysis  (X-Ray Florescence Spectroscopy)  by the refiner who  discovered it  led them to determine there is  “not any appreciable gold in the actual bar”.

 

CounterfeitRCMBarFront

Front of counterfeit Royal Canadian Mint 1 Troy Oz Gold Bar

 

CounterfeitRCMBarBack

Back of counterfeit Royal Canadian Mint 1 Troy Oz Gold Bar