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1. | parent_author | "" |
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parent_permlink | hive-136819 |
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author | blockbunnyorg |
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permlink | authenticating-bullion-with-a-neodymium |
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title | "Authenticating Bullion With A Neodymium Magnet" |
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body | "![](https://images.ecency.com/DQmSw8Exm4tnqWbBu91zh1fNvcJxuTZkF18XJichU3e4Byt/magnet.png)
Silver and gold have a high value on the market, and as a result, products that are created from them tend to be more expensive than the imitation, obviously. Given the fact that “fake” silver and gold are so much cheaper, it shouldn’t be a surprise that someone will try to exploit them; it’s an unethical but lucrative business. If you get your bullion from a physical store, the chances of getting counterfeit bullion are slim. However, if you get your bullion from a shady online store overseas without a certificate, chances are it’s fake. Determining whether or not your bullion is made of genuine silver or gold is crucial for a reason beyond just the cost; it involves one’s dignity as a collector as well!
## The Best Bullion Authenticity Test —Use A Neodymium Magnet
![](https://images.ecency.com/DQmWrmT7QQnX4X5PniYH3WwwFrbFndpJNHypYzLD1y23cNf/cct.png)
[Image Source](https://www.youtube.com/watch?v=SBck1RSjLCM)
Using a magnet is one of the easiest ways to test the validity of bullion. You can verify the authenticity of silver with the help of magnets if you have any lying around the house. Better yet, use a powerful magnet, such as one composed of the rare-earth element— neodymium. Neodymium in chemistry is called NdFeB, which means it’s an alloy of iron and neodymium. Because silver and gold are paramagnetic, they should not be affected very much when a magnet is placed near them. Test the bullion by positioning the magnet nearby; if the magnet strongly attracts it, then it is not genuine. Bullion that is fake or plated is typically made of different ferromagnetic metals. Using this straightforward test, you should be able to get a good idea of whether or not the bullion in question is made of pure silver or gold.
Another more accurate way of testing the legitimacy of bullion is by creating a simple magnetic slide. Lift your bullion bar until it reaches a 45-degree angle, and then let the neodymium magnet slide down. If you’re doing this test with rounds, you will require a slide made out of neodymium magnets. Put your bullion round on top and let it slides down. If it’s real fine bullion, then it should slide down slower than normal as the weak magnetic effect of silver and gold will counter the gravitational pull. If your bullion slides down too fast or doesn’t slide down at all, then it’s counterfeit.
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1. | author | blockbunnyorg |
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permlink | authenticating-bullion-with-a-neodymium |
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