Counterfeit PAMP Suisse bars in the market have increased in recent years due to the rising demand for precious metals like gold and silver. Beyond the traditional methods used to verify gold, PAMP Suisse makes it easy for investors to verify authenticity.
While PAMP Suisse is one of the most trusted and reputable precious metals refiners globally, the high value associated with its products makes it a target for counterfeiters.
That said, authentic PAMP Suisse bars have several security features that make it difficult for counterfeit versions to go unnoticed.
PAMP’s VeriScan system uses a microscopic surface topography unique to each bar. Buyers can scan their bar and verify its authenticity against the PAMP database using a mobile app.
PAMP bars typically come in tamper-proof packaging with a certificate of authenticity, a serial number, and detailed specifications. Each authentic PAMP bar is stamped with a unique serial number and the assayer’s mark, adding another layer of security.
Counterfeiters often attempt to replicate this packaging, but discrepancies are usually detectable.
You’re more likely to encounter counterfeits in private transactions, social media, online forums, or from unknown or untrustworthy dealers.
The likelihood of experiencing a counterfeit bar increases significantly when purchasing from non-reputable sources, like social media, or when the price seems “too good to be true.”
PAMP Suisse has made it easy to verify the authenticity of its products with the Veriscan app, which is available on the App Store for iPhones and iPads.
Verify Using the PAMP Suisse Veriscan Mobile App
The surface of all precious metals has microscopic topographic features that are as unique as human fingerprints.
Using the app, you can scan the front surface of the bar, allowing the app to interpret the bar’s surface topography. The bar’s surface topography is then compared against the data stored in the PAMP VERISCAN database.
The app will display an affirmative result for authentic products and issue a failing result for products that it suspects may be counterfeit.
The PAMP Suisse Veriscan Mobile Application can authenticate gold, silver, and platinum bars issued by PAMP Suisse and bullion coins and bars issued by a handful of other established mints, including the Royal Australian Mint, Bank of China, Lombard Bank Malta, and UBS.
You can scan larger silver bars and gold bars from any of the six sides of the bar.
All PAMP Suisse Veriscan-enabled products are issued with a unique QR code that, when scanned with the app, allows the user to look up the specific bar’s topographic features that were scanned during the manufacturing process.
After scanning, the Veriscan app will open a corresponding page that contains the bar’s details, including its weight, purity, mint mark, and serial number.
This allows you to compare the information from the mint with the information from the packaging of your PAMP Suisse product. If they match, you have a genuine PAMP Suisse product. Having the application verify PAMP Suisse products allows greater confidence in the authenticity of your gold bar. If they do not match, verify that you’ve followed the instructions to determine if your product is counterfeit.
The application’s menu shows instructions for scanning larger-size PAMP Suisse Silver and Gold Bars. When scanning larger-size bars, the Veriscan application provides options for choosing which sides of the product to check. Authenticating larger denomination silver and gold bars is easy with the enhanced authentication option, which can scan any of the six sides of the bar.
The PAMP Suisse Veriscan App can be downloaded from the Apple App Store directly to your iPhone or iPad for easy verification and authentication at any time.