Two percent of pound coins are fake: BBC
Arizona Coin Collector
It is only a manner of time before it starts happening
here with the U.S. Dollar Coins.
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FROM:
http://news.yahoo.com/s/afp/20080922/wl_uk_afp/britaincrimecounterfeit_080922094939
Two percent of pound coins are fake: BBC
Mon Sep 22, 5:49 AM ET
LONDON (AFP) - The number of counterfeit one pound coins in
circulation has doubled in the last five years, a report by
the BBC revealed on Monday.
More than 30 million pound coins -- one in every 50 in
circulation -- are believed to be fake as organised criminal
gangs continue to flood the monetary system.
The illegal coins are generally easy to spot but are so
common that it is difficult for many traders who deal in
small change to regulate their flow.
In response, the Royal Mint described the counterfeit rate
as "a comparatively low incidence of counterfeit coins by
international monetary standards.
"It is a criminal offence to make or use counterfeited
coins. Any member of the public who suspects they have a
counterfeited coin should not attempt to spend it," it
said.
...
Michael G. Koerner
> Hello
>
> It is only a manner of time before it starts happening
> here with the U.S. Dollar Coins.
Our's are clad, with a center layer of pure copper (50% of the coins'
thickness). It shows up pretty well as they age and tone.
That has been a problem in the UK for many years now. The Royal Mint should
have been more careful with the £1's composition (it's a solid alloy that I
don't know offhand), something 'clad' like the USA uses would have worked.
--
___________________________________________ ____ _______________
Regards, | |\ ____
| | | | |\
Michael G. Koerner May they | | | | | | rise again!
Appleton, Wisconsin USA | | | | | |
___________________________________________ | | | | | | _______________
oly
> Arizona Coin Collector wrote:
> > Hello
>
> > It is only a manner of time before it starts happening
> > here with the U.S. Dollar Coins.
>
> Our's are clad, with a center layer of pure copper (50% of the coins'
> thickness). It shows up pretty well as they age and tone.
>
>
>
>
>
> > <><><><><><><><><><><><><><>
>
> > FROM:
>
> - Show quoted text -
Indeed, the round pound alloy is very very bad - pot metal. Many of
the 1985, 1986, 1987, 1988 coins are now completely worn out and even
have a silvery color (not goldine anymore).
The American dollar coins would probably look like the old French ten
francs type of 1974-1986, which turned a deep brown after they lost
their lustre. That is, they would if they circulated.
oly
MJKolodziej
"oly" <oly...@aol.com> wrote in message
news:d3c68ab1-c201-4557...@d45g2000hsc.googlegroups.com...
On Sep 22, 10:13 am, "Michael G. Koerner" <mgk...@dataex.com> wrote:
> Arizona Coin Collector wrote:
> > Hello
>
> > It is only a manner of time before it starts happening
> > here with the U.S. Dollar Coins.
I don't think so. The dollar is worth much less than a pound. It would take
more than a dollars worth of effort to fake one.
mk
Mr. Jaggers
The pound is faked because it circulates without question among people who
hardly pay attention to what it looks like. The dollar coin would be faked
because...well, I can't think of a good reason.
James
oly
> MJKolodziej wrote:
> > "oly" <oly2...@aol.com> wrote in message
Many countries in Europe, as well as the British Isles, have coins
that are MOL the equivalent of two U.S. dollars, or three U.S.
dollars. Thus the margins for the successful "coiner" are greater.
oly
Dik T. Winter
...
> Many countries in Europe, as well as the British Isles, have coins
> that are MOL the equivalent of two U.S. dollars, or three U.S.
> dollars. Thus the margins for the successful "coiner" are greater.
Does not explain how it comes that I once did receive a fake 20 eurocent
coin. Apparently for some people it is worthwile to make them.
--
dik t. winter, cwi, kruislaan 413, 1098 sj amsterdam, nederland, +31205924131
home: bovenover 215, 1025 jn amsterdam, nederland; http://www.cwi.nl/~dik/