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Obverse of 2010 Australia 100 mills Gold Plated Medallion
Obverse of 2010 Australia 100 mills gold plated medallion

Reverse of 2010 Australia 100 mills Gold Plated Medallion
Reverse of 2010 Australia 100 mills gold plated medallion
Buyers Beware! - Of Bogus Bullion Bars

Supposed precious metal dealers and Ebay sellers are through the internet selling fake precious metal bars and coins in order to make considerable profit from novice collectors. In order to do this they are producing gold or silver plated bars with a raised relief of what looks (to the uniformed) like (ambiguous) gold like information.

We stumbled upon this unscrupulous deceptive money making scam, when a package came into us from a customer wanting to sell various gold coins he had. Amongst the items in this package, we came across an unusual medallion (pictured to the right) that we had not seen before, note; the customer was unaware of its counterfeit nature. As specialists in gold and silver, there is very little we have not seen before, so we were immediately conscious that this item was not a genuine gold medallion. Aside from the obvious issue of “What on earth does the legend '100 mills 999 gold mean'?” There were so many characteristics of this medallion that enabled us to determine that it was not a genuine gold coin.

A little digging and a quick search online for '100 mills 999 gold' produced a long list of results, mainly of items for sale, very similar to the piece we have in question. There were also a lot of discussion topics questioning what these actually were, and a number of them alerting customers that such items are fake and fraudulent. Having trawled through these, it became apparent that there is no definitive answer to the original question of 'What does 100 mills 999 gold mean?'. What is definitive is that these are not genuine gold bars and coins that can be bought as investment, instead they are gold plated steel or brass, manufactured to dupe would be investors into buying them as investment items.

The moral of this story is to stay away from unknown and obscure dealers who have these items for sale. If they are willing to dupe a customer into buying something that is no more than abit of junk then they will certainly deceive customers in other aspects. Their actions are immoral and dishonest.

Buying Coins
We also buy coins, please see our We Buy Coins page.
We even buy crap like this, even if it is just for the laugh, although we do also find it educational.



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