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Posted 07/29/2020 7:17 pm
Thanks for sharing givemean95 and welcome to the community!
Though I don't think you mentioned it, you would have been obligated to turn the forgeries over and subject to the same regulations governing counterfeit bills.
Just received my digital version of Canadian Coin News the other day and noticed it made page 18 of Volume 58 #10. Nothing in the newspapers so far.
The security features added in 2012 were long overdue especially after they shut down the operation in Montreal and are much harder to duplicate. I would almost bet dollars to doughnuts that there have to be many more circulating out there to make the effort worthwhile.
https://www.cbc.ca/news/canada/mont...eal-1.607555
I once found a 2005 counterfeit toonie with an X on it a number of years ago but have since misplaced or spent it by accident. You could almost immediately tell there was something off about it if you looked close enough.
Some of the maple leaves on the ones in the pictures look pretty bad and the rims are not quite right. Hopefully the RCMP and RCM will look at this seriously as they did in 2006. We never found out how many were released into circulation or if the Mint recovered them all.
The 'Moron' referred to in the video clip could very well be an unsuspecting customer who purchased a roll of coins from a bank. During the early weeks and months of the Pandemic, I am sure most would gladly have accepted rolled coins in large quantities rather than have to place an order for new stock. Everyone had more time on their hands and the piggy bank makes a good target when funds are low!
What a wonderful way to make productive use of one's lock down time during the pandemic when pocket change is in short supply due to the more widespread use of debit and credit cards and limited use of cash!
Counterfeit circulation coins are small potatoes compared to banknotes but they still add up and the end result is the same. Businesses pay far less attention to them but are out of pocket if the fakes are discovered, very rare as that may be.
Fortunately and perhaps working against the counterfeiters is that any circulation coins made with pure nickel are being culled and melted down, so finding shiny new examples of the pre-security toonies may raise some suspicion. I for one as a result of this thread, will pay closer attention to my change than I already do before spending it.
Though I don't think you mentioned it, you would have been obligated to turn the forgeries over and subject to the same regulations governing counterfeit bills.
Just received my digital version of Canadian Coin News the other day and noticed it made page 18 of Volume 58 #10. Nothing in the newspapers so far.
The security features added in 2012 were long overdue especially after they shut down the operation in Montreal and are much harder to duplicate. I would almost bet dollars to doughnuts that there have to be many more circulating out there to make the effort worthwhile.
https://www.cbc.ca/news/canada/mont...eal-1.607555
I once found a 2005 counterfeit toonie with an X on it a number of years ago but have since misplaced or spent it by accident. You could almost immediately tell there was something off about it if you looked close enough.
Some of the maple leaves on the ones in the pictures look pretty bad and the rims are not quite right. Hopefully the RCMP and RCM will look at this seriously as they did in 2006. We never found out how many were released into circulation or if the Mint recovered them all.
The 'Moron' referred to in the video clip could very well be an unsuspecting customer who purchased a roll of coins from a bank. During the early weeks and months of the Pandemic, I am sure most would gladly have accepted rolled coins in large quantities rather than have to place an order for new stock. Everyone had more time on their hands and the piggy bank makes a good target when funds are low!
What a wonderful way to make productive use of one's lock down time during the pandemic when pocket change is in short supply due to the more widespread use of debit and credit cards and limited use of cash!
Counterfeit circulation coins are small potatoes compared to banknotes but they still add up and the end result is the same. Businesses pay far less attention to them but are out of pocket if the fakes are discovered, very rare as that may be.
Fortunately and perhaps working against the counterfeiters is that any circulation coins made with pure nickel are being culled and melted down, so finding shiny new examples of the pre-security toonies may raise some suspicion. I for one as a result of this thread, will pay closer attention to my change than I already do before spending it.
Edited by Proof Nut
07/29/2020 8:38 pm
07/29/2020 8:38 pm
