Posted by Lo-couk
I think approx £1 in every 20 £ coins is counterfeit, here's an example of what I have in my pocket currently.
The coin on the left is genuine.
Note the coin on the right has very poor writing on the edge.
Be aware next time you have some change given to you!
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[ This Message was edited by: Lo-couk on 2007-10-11 09:55 ]
Posted by Cycovision
Bloody hell, they're awful! Thanks for the tip-off
Posted by leeboy13
they are awful, but id of never noticed to be honest......
cheers for that
Posted by goldenface
The poor queen looks like an old battle-axe on the one on the right.
Posted by Lo-couk
To be honest, I only noticed this morning. It was i my change from my Tesco shopping last night. I just glanced to see I had 3 gold coins in my change and a couple of silver, that seemed about right so it all went in the pocket.
My G/f had a dodgy £ coin too.
Posted by goldenface
I have just come back from the shop where they had no fivers and she gave me 8 pound coins back and on of them was a fake £1, Exactly the same as the one on the right - buggers.
Posted by mosdelln
@ Goldenface
Posted by jcwhite_uk
Isnt the coin on the right a scottish £1 coin? It could still be a fake.
Edit: Its actually from Northern Ireland.
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Posted by goldenface
Well it looks like different design to the rest but I am beginning to suspect its just well worn.
The milling around the edge is a lot better than the one pictured, but the reverse side is just as tatty.
Posted by Lo-couk
On 2007-10-11 12:05:18, goldenface wrote:
Well it looks like different design to the rest but I am beginning to suspect its just well worn.
The milling around the edge is a lot better than the one pictured, but the reverse side is just as tatty.
The one you suspect is well worn is a 2001 coin, the genuine coin is 1983. Which coin should look the most worn? You can also tell the the fake coin is a cast, not stamped as a minted coin should be. On close inspection I can see it is definately counterfeit.
By the look's of the dodgy coin it has been in circulation as a £1 coin for a while, I'm in 2 minds what to do with it. Do I try to spend it, or shall I drill it and use it as a supermarket trolly token on my keyring?
Posted by goldenface
Looks to me too. The milling is atrocious and you're right, it shouldn't look even more worn than the other one. I'll have to keep my eyes peeled for more.
You have to remember to catch them as soon as they are given to you or else they can't be accepted back once you leave the shop. I can just see myself biting every pound coin I get.
Posted by Lo-couk
On 2007-10-11 12:48:28, Lo-couk wrote:
On 2007-10-11 12:05:18, goldenface wrote:
Well it looks like different design to the rest but I am beginning to suspect its just well worn.
The milling around the edge is a lot better than the one pictured, but the reverse side is just as tatty.
The one you suspect is well worn is a 2001 coin, the genuine coin is 1983. Which coin should look the most worn? You can also tell the the fake coin is a cast, not stamped as a minted coin should be. On close inspection I can see it is definately counterfeit.
By the look's of the dodgy coin it has been in circulation as a £1 coin for a while, I'm in 2 minds what to do with it. Do I try to spend it, or shall I drill it and use it as a supermarket trolly token on my keyring? Here's what the Celtic £1 coin should look like...
Posted by goldenface
My god! the one I have doesn't even look nearly as good as the one above.
Posted by themarques
Actually its very rare to find "fake coins" as they actually cost more to make than a note and of no real monetary value ie the amount of materials required to make a £1 coin will probably end up costing close to the value of the denomination.
I dont think your coin is fake at all you do tend to get alot from ireland, guernsey and jersey that look different from the mainland.
Take it to a bank if it weighs in then its fine, or use it at one of the automate coin changing places they have loads in asda.
Quote from Wiki
It is a very common misconception that all fake pound coins are made of lead; this is far from true as most are made of copper. A Royal Mint survey in 2006 revealed 1.7% of £1 coins in circulation are counterfeit - nearly twice as many as earlier estimates[1][2]. One common method of detecting counterfeits (if the sound of the coin on a table or the colour of the metal doesn't indicate something suspicious) is to check whether the reverse matches the edge inscription for the alleged year – it is extremely common for counterfeiters to get this wrong, Also the writing on the edge may be the wrong font and look very poor (see image) also they often will look much less sharp and defined, lacking in intricate details.
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[ This Message was edited by: themarques on 2007-10-11 19:50 ]
Posted by paul101
On 2007-10-11 20:48:18, themarques wrote:
A Royal Mint survey in 2006 revealed 1.7% of £1 coins in circulation are counterfeit - nearly twice as many as earlier estimates
i have loads of them
(over 150!) (edit) i'm going to check EVERY one of them (paranoia sets in )
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[ This Message was edited by: paul101 on 2007-10-11 20:06 ]
Posted by Kryptik
Bear in mind that sometimes the planchets (coin blanks) used by the Mint aren't exactly uniform, i.e. one batch may be slightly out of true, thus some coins look marginally different. Also, every now and then the dies used to strike coins become worn, resulting in dodgy-looking coins. It's rare, but now and then there are mis-strikes, and the details on a genuine coin seem to be jumbled. Hang onto those coins, should you find them. Collectors pay quite well for those
