Counterfeit Toonies Are Going To Be A Significant Problem

Not I'm confused? I was under the influence that if the coin it self is marked as a fake or replica then it's no longer a fake coin. It would be considered a novelty item wouldn't it? They were made as contemporary counterfeit coins but that does not mean you don't own it. I own these fakes, it's like saying it's illegal to melt them down and have the bullion for yourself. If a coin is marked as a replica/reproduction then it's no longer a contemporary counterfeit. Are you saying that a fake coin can't be turned into a novelty item legally?

This is not a huge loss for me either way it's 6$ but I'm confused about the concept that unless they are destroyed or turned in to the police then it's illegal to have them in your possession. even though the police don't care nor do the banks,and apparently neither does the RCM... I don't want to own illegal items and I do my best to make sure I don't accept fakes when I get them. So if I decide to turn them into non contemporary fakes why would it still be illegal?

Simple the law says fake legal tender coins are illegal, but so is jay walking, going 51 km in a 50 km zone, it"s the RCM job to enforce the law regarding counterfeit coins, people here has contacted the RCM it"s not our job to take losses or police the system, some day the RCM will get the message and the threat of the problem

It"s obvious the RCM has been notified by certain members here on how serious the problem is. again it"s not the public"s problem, how many consumers really look at their change, just use them, the RCMP will not be at every store corner arresting customers and owners, but eventually the RCM will ask the RCMP to catch the importer or manufacturer of these toonies

Turn them into fishing lures and catch a lake trout down at the lake. .

Has anyone done an XRF to determine composition? That would help me determine if these would easily melt in my Devil Forge.




@ BWJM - I own one and live in the Guelph area, if you're close by I'm always looking for an excuse to do a melt.

I would be happy to turn them into something like this:

Not too far away! Your custom pours look amazing!

I'm not really concerned, but I also don't think it's ok to have everyone just accept these contemporary fakes as legal tender and legal coins since they are not. If that was the case these fakes would be highly collectable for numismatic purposes. Personally I don't care which way the fake toonie think goes, I imagine the RCMP and any other law enforcement would only be concerned about tracking down the counterfeiters rather then try and get all of the fakes out of circulation. It would make sense to be more hush hush about it and play the long game as the people forging these might get sloppy or mess up and end up getting caught. At which time they would be held responsible for all losses of all parties that was in possession of fakes. That's just my guess anyways.

As a person easily able to spot these fakes it's not right to pawn them off on someone else and just forget about it. I won't use these and I I happen to get one because I wasn't paying attention I put it aside. If businesses were more educated in the matter then they would also reject a fake toonie just like they would reject a fake bill if they knew how to spot it. The info on the fake toonies is public but there was never a major story in the news that should be ongoing to explain that these fakes are out there and how to spot them.

Does that make it a Zoonie? . Nice Doubloon.