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Moderator
 Canada
10458 Posts |
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There was only one instance in 2005 of the twoonie being counterfeited Nope, someone in Calgary tried making counterfeit loon dollars. Most I have seen are dated 1990. The funny think is that a certain error/variety expert (who shall remain unnamed) published in the Canadian Coin News that it might be a true variety...  Mike posted a photo of one some time ago, here it is. The eye and detached bill are a giveaway...  "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
2366 Posts |
The British 1 pound coin has been heavily counterfeited since it entered circulation. Estimate for 2015 is 2.55% of those in circulation are counterfeit down from 3.03% in 2014 which are still quite high percentages http://www.royalmint.com/discover/u...-pound-coins. I expect the RCM looks at that and tries to stay ahead of the game. Edited by kuh_85
10/26/2015 3:32 pm
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Pillar of the Community
Canada
514 Posts |
Quote:john100There was only one instance in 2005 of the twoonie being counterfeited SPP-Ottawa Nope, someone in Calgary tried making counterfeit loon dollars. Most I have seen are dated 1990. The funny think is that a certain error/variety expert (who shall remain unnamed) published in the Canadian Coin News that it might be a true variety... Mike posted a photo of one some time ago, here it is. The eye and detached bill are a giveaway... Not that it really matters, but as I recall the counterfeiter was based out of Edmonton; Finding them in Calgary was quite rare - most were spent in the Edmonton area. I do not believe they were circulated for very long, I believe vending machines were what lead to them being noticed, and the case being opened by the RCMP; IIRC the guy was eventually busted by trying to spend rolls of them. I was looking for an archived article, but couldn't find anything. The detached bill is a giveaway, but the loon all together has a "mickey mouse" air about it - the detail is downright terrible; Also the Queen is made to look substantially worn; Either side, should be easily distinguishable by collectors as a fake because of the lack in detail... Think of it as a higher quality (foil covered) chocolate dollar. :D Edited by unruhjonny
10/26/2015 5:14 pm
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Pillar of the Community
Canada
2845 Posts |
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Think of it as a higher quality (foil covered) chocolate dollar.
 Perfect description! |
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New Member
Canada
8 Posts |
Check out the 2016 uncirculated set from the RCM. No security features on the two dollar coin nor the loon |
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Pillar of the Community
 Canada
2360 Posts |
Edited by SilverDon
01/08/2016 08:34 am
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Pillar of the Community
Canada
4227 Posts |
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I remember a story about .50 cents coins that was being counterfeited, it was back in the mid-70's or so. this guy was using a drill press in his basement, when he was caught at the end his work was so good that they could not tell the real coins from his, and to this day some are still out there. the cops said looking at how he was doing and the detail that he put into his work it costed him .49 cents for each coin he made.
I guess that's "a penny eared is a penny saved." That sounds similar to this story. https://goccf.com/t/181992 |
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Pillar of the Community
Canada
1751 Posts |
According to the mint answering question on the 2016 set, no security feature on the loon. I wonder if they stopped on the toonie as well. Rather odd to start using the security feature in 2012 and stop it in 2016.
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Pillar of the Community
Canada
1505 Posts |
It is probably a way to drive more set sales, considering they are now regular circulation coins and can get them at FV, why pay $25 for $3.90 in coins. Make it a little different and the hardcore collector will buy.
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Pillar of the Community
Canada
1751 Posts |
This must mean the 2016 coins for circulation will be missing the security feature. I originally figured it was a mistake with a stock photo. Then someone asked a question on the mint site to clarify. I much prefer the old nickel coins, these new plated ones discolor fast. They are not a nice looking coin when aged a bit.
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New Member
19 Posts |
I hope they go back to bronze plating. The new brass coins do not age well at all.
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Pillar of the Community
Canada
514 Posts |
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New Member
Canada
8 Posts |
i just received my 2016 uncirculated set from the Royal Canadian Mint and they still have the security features on the loon dollar and two dollar coin, yet if you look at the mint's website they are clearly being sold without these features. interesting. possibly an error set? |
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Pillar of the Community
Canada
5324 Posts |
More lightly the RCM used the wrong photos, they created these useless security feature just for an excuse to recall all the previous loonie and toonie, just a tremendous cost to vending business and a way to create a make work projet. |
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New Member
Canada
8 Posts |
I was contacted by the Royal Canadian Mint and was assured that the stock photo used without the security features on the two dollar and one dollar coins was an error.the uncirculated set for 2016 definitely contains coins with security features. |
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Replies: 25 / Views: 8,333 |
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Posted 10/26/2015 3:31 pm
