Fakes Permeate The Market, And These Pages

Canadian Coin News - It wasn't planned this way, but the counterfeit theme is prevalent in this issue of Canadian Coin News.

First, there is the last of our special three-part series on counterfeit coins in Canada, which I will discuss a little later. Then, there is the story in our regular "Almost Uncirculated" feature on how police in Israel busted a massive coin-forgery operation.

According to the Times of Israel, police said the crooks had planned to flood the Israeli market with half a million 10-shekel coins a day. "On Sunday (April 19), police, who had been following the suspects for some time, swooped down on a building in the central region of the county and caught two members of the gang in the act of producing the NIS 10 coins ($2.50)," the Times' story states. According to police, the gang had enough machinery and material to "engineer up to half a million coins every day, worth the equivalent of $1.27 million."

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