Thursday, Apr 09, 2009
Royal Mint figures released in September last year suggested that 2 per cent of £1 coins - around 30
Telegraph: One in 20 £1 coins could be fake, experts say
He said the figure could be closer to 5 per cent, meaning one in 20 coins are fake. In 2002, one in 100 £1 coins was a worthless fake and in 2007 the figure was one in 50.
Posted by chris @ 07:24 AM (204 views) Add Comment
3 Comments
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1. rumble said...
They're all worthless. That aside, are we going to hear that qe is required to replace all the fakes that have increased the money supply? Fakes caused the bubble!
2. Daveats said...
It's not just the bank of england thats printing money then
3. Dr Ray said...
I suspect the Royal Mint is encouraging people to make fakes as it increases the money supply at no cost to the Mint. If they were bothered they would make a coin with a standard design so that the fakes would stand out.