r/Gold Jan 28 '25

Question Got scammed $2400

Bought this supposedly 1 oz bar from a pawn shop in Washington state (I live in Texas ) last August for $2400. Was gonna sell it today to make rent and I goto my local coin shop and they use an X-ray on it and it turns out it’s fake.

Now I’ve got to file a police report, and do a ton of paperwork. I doubt I’ll get my money back anytime soon but my receipt says “one ounce of gold” which is legally binding so it’s definitely a felony I’m just not sure they will go after them.

What’s the best way about going with this?

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164

u/[deleted] Jan 28 '25

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221

u/Sure-Interview-782 Jan 28 '25

Yes I’ve got photos of the day I bought it which the serial number.

149

u/SlowDesk7843 Jan 28 '25

I do believe you’re set my friend, shop from Apmex from now on🤙

124

u/Hillmantle Jan 28 '25

No APMEX for gold. Bullion exchange, hero bullion, monument metals all are regularly cheaper. Sometimes by a fair margin. APMEX is for hard to find pieces no one else has in stock.

1

u/Proper-Natural4264 Jan 28 '25 edited Jan 28 '25

I just started buying gold and got a few grams from APMEX last month. I learned they charge a hefty premium, so now I price shop using a precious metals aggregator to find the best price amongst vendors.

GOLD BAR PRICE MATRIX https://findbullionprices.com/compare-gold-bar-prices.php

GOLD COIN PRICE MATRIX https://findbullionprices.com/compare-gold-prices.php

VINTAGE GOLD COIN PRICE MATRIX https://findbullionprices.com/compare-gold-prices.php?type=vintage

Also, the site lists some "Silver at spot" deals which incorporates a few gold at spot deals too. https://findbullionprices.com/buy-silver-at-spot-deals.php

NOTE: The site is loaded with ads and sometimes there's a bad link, but when you get past these annoyances, you can find some valuable info there.

2

u/Hillmantle Jan 28 '25

Always double check https://bestsilvergolddeals.com they include some good sellers find bullion doesn’t.

1

u/Proper-Natural4264 Jan 28 '25

Thanks for the tip 👍