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Counterfeit Toonies Are Going To Be A Significant Problem

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Canada
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 Posted 07/08/2020  03:43 am Show Profile   Bookmark this topic Add givemean95 to your friends list Get a Link to this Message
I've been debating posting this online because it didn't seem like a big deal at the beginning. At first, I would find odd-looking toonies here and there and actually collect them thinking they were some sort of rare error variety (Even I, a professional coin collector, was fooled). But upon finding this gigantic hoard of high-quality counterfeit toonies in one cash register alone, I thought it would be appropriate to post a serious PSA for all retail stores, banks, restaurants and small businesses before there's a massive glut of these coins in everyone's cash registers. Given that I've been finding them on and off since March, I'm assuming they're already in circulation in major numbers in the GTA.

Given the high quality finish of these coins, its clear there's an organized crime aspect behind these coins. There's no way they're going to profit off these toonies by spending them on $2 coffees. So if you work in retail, banks, restaurants or small business, if anyone comes in asking to pay in rolls of toonies or exchange them for cash. BE EXTREMELY CAUTIOUS, ESPECIALLY WITH WHAT I'm ABOUT TO SHOW YOU.

To start off with: Here's a photo and video of what was found in one cash register alone. Yes, they are all fake. All 75 toonies.
AWDBRRiROLw




A view of these coins from the naked eye, nothing really looks amiss. The coin on the left is genuine. The coin on the right is counterfeit. How can you even tell them apart at first glance?



Here are some of the things you can tell the counterfeit coins from the genuine ones:
APPEARANCE

FONT

WEIGHT


Here are some raw photos of the counterfeits.









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3539 Posts
 Posted 07/08/2020  08:21 am  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
I think that the authorities should be contacted.
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Canada
53 Posts
 Posted 07/08/2020  09:50 am  Show Profile   Bookmark this reply Add dzhuang to your friends list Get a Link to this Reply
Wow, thanks for bringing this to our attention! The lettering also looks a bit off.

Its interesting that the toonies have different effigies - leads me to believe that they may be separate counterfeit projects of some sort.

May I ask in what city you found these coins, and whether they circulated in roughly the same area? The authorities should certainly be contacted!
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 Posted 07/08/2020  11:38 am  Show Profile   Bookmark this reply Add papeldog to your friends list Get a Link to this Reply
to the site. Wow that's pretty scary never ever thought it would worth the effort for small change, I guess if a person gets enough out in circulation before found out it could be thousands of these in circulation. Thanks for the heads up I'll be checking my loonies + toonies closer now
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 Posted 07/08/2020  12:29 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
I forwarded a link to this thread to several coin dealers in the GTA.... however, I doubt these guys would try to pass counterfeit coins in a coin shop...
"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 Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

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 Posted 07/08/2020  3:30 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
I assume (and may be wrong) equipment to fake these would be easier to produce than for faking all the protection devices on bills. I know bills are faked as well - and it does not take long after a new design is officially released. But I would just think stamping out change would b easier. Maybe another good reason we rejected the dollar coin in the US.
- When I value " being right" more than what IS right, I am then right...a fool.
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 Posted 07/08/2020  9:55 pm  Show Profile   Bookmark this reply Add tamarin to your friends list Get a Link to this Reply
I've not paid attention to change for years except the odd silver coin easily eyeballed. Now I'll have to start paying attention. Good posts!
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 Posted 07/08/2020  10:36 pm  Show Profile   Bookmark this reply Add Smallcentguy to your friends list Get a Link to this Reply
While on the subject of silver, I was in a Tim Hortons today in Tweed Ontario and saw a silver quarter in their charitable donation box. First I have seen in circulation in a couple of years.
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 Posted 07/09/2020  09:51 am  Show Profile   Bookmark this reply Add dzhuang to your friends list Get a Link to this Reply
Releasing smaller denominations fakes into circulation could possibly escape the eyes of authorities, who undoubtedly see higher value fakes as higher priority. Most of the counterfeit measures are on the polymer bills for this reason - with the exception of the small virtual maple leaf, toonies have no counterfeit protection. In fact, the forgeries here are of the older variety, without this virtual maple leaft.
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218 Posts
 Posted 07/09/2020  12:25 pm  Show Profile   Bookmark this reply Add Quatchi to your friends list Get a Link to this Reply
@givemean95

Good eye!
As mentioned, please be sure to report this to the authorities.
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 Posted 07/11/2020  06:08 am  Show Profile   Check nickelsguy's eBay Listings Bookmark this reply Add nickelsguy to your friends list Get a Link to this Reply
Excellent Work!I am hoping you have contacted the authorities. I would assist you any way I can and bring my contacts at the RCMP etc to your assistance. Please feel free to contact me for assistance. Mike Marshall
Edited by nickelsguy
07/11/2020 06:09 am
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 Posted 07/11/2020  2:31 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
Start with the police in the GTA... (at least that is what an RCMP colleague of mine told me).
"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 Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

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 Posted 07/13/2020  08:13 am  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
This is a travesty! Hope none of mine are fake!
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 Posted 07/13/2020  1:44 pm  Show Profile   Check Libertad's eCrater Listings Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
Basically any shiny 1996 toonie is suspect.
Mike is the man for this job (nickelguy).

How difficult would it be for the forgers to make correct font for a change... In this day and age, those are pretty bad fakes. They're all tumbled.
Edited by Libertad
07/13/2020 1:46 pm
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 Posted 07/13/2020  8:15 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
There was an organization a number of years ago, called the "Montreal Mint" that was releasing fake toonies. I don't recall the details (@SPP, Jamie would know), but I believe that they were caught and stopped.
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