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Forged 1 Pound Coins..

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molydeii's Avatar
Turkey
870 Posts
 Posted 10/05/2009  5:45 pm Show Profile   Bookmark this topic Add molydeii to your friends list Get a Link to this Message Number of Subscribers
Hi everyone.. anyone out there colelcting forged one pound coins..? I know it's numismatically worthless to most, however, I do colelct them, and luckyly I am not living in the Uk so no MI5 or anything is going to arrest me for colelcting them. :) I have several different variations I found on my pocket change during I was in the UK&Scotland.
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snowman's Avatar
United States
1840 Posts
 Posted 10/05/2009  8:26 pm  Show Profile   Bookmark this reply Add snowman to your friends list Get a Link to this Reply
Can you post pictures? I'd really like to see some modern counterfeits.
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DVCollector's Avatar
United States
10045 Posts
 Posted 10/05/2009  9:35 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply
How did you determine they were fake?
I've heard the edge lettering is a giveaway, but I haven't spotted any yet.
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alganbagerap's Avatar
United Kingdom
2490 Posts
 Posted 10/06/2009  03:42 am  Show Profile   Bookmark this reply Add alganbagerap to your friends list Get a Link to this Reply
In most cases the forgery is pretty obvious, as they are mainly aimed at the vending machine market. When you do find one in your change, it's usually slightly "off" in colour and has a vague "greasy" feel. Various estimates claim that forgeries account for anything from 1 in 20 to 1 in 10 coins in circulation.
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molydeii's Avatar
Turkey
870 Posts
 Posted 10/06/2009  05:59 am  Show Profile   Bookmark this reply Add molydeii to your friends list Get a Link to this Reply
DVcollector, yes, the coins give themselves away, specially compared to a genuine one pound coin. The edge lettering, type of strike, obverse-reverse alignment
(here in Turkey we call this "Tabut") base metal and even, if you guys know Pound coins, they msotly have a different design for each year, the counterfeiters mostly mix those years and designs, giving, let's say a 1995 Welsh Dragon pound a 1994 date. I am charging my camera at the moment and will post pictures within a couple of hours of those counterfeit pound coins as well as some modern-counterfeit Turkey lira coins from my collection for you snowman..
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molydeii's Avatar
Turkey
870 Posts
 Posted 10/06/2009  06:13 am  Show Profile   Bookmark this reply Add molydeii to your friends list Get a Link to this Reply
SDee the images I come across while surfing on the net. I checked with the ones that I have, mostly similar types or forged British pounds. (I do not have the 1994 Rampart Lion forged, though). See the pictures yourselves they're in high resolution.

http://img43.imageshack.us/img43/44...nsheads1.jpg
http://img32.imageshack.us/img32/56...nstails1.jpg
Edited by molydeii
10/06/2009 06:19 am
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molydeii's Avatar
Turkey
870 Posts
 Posted 10/06/2009  06:27 am  Show Profile   Bookmark this reply Add molydeii to your friends list Get a Link to this Reply
See those modern countrefeits as well. Please note, only the lowest one-pound is genuine, the guys who took the photo put it there for the viewer to compare its' edge lettering with the counterfeits.

http://img97.imageshack.us/img97/28...ndcoins2.jpg
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snowman's Avatar
United States
1840 Posts
 Posted 10/06/2009  08:39 am  Show Profile   Bookmark this reply Add snowman to your friends list Get a Link to this Reply
Wow, I had no idea that this type of modern counterfeiting was going on. I suppose it doesn't happen here in the US because the highest value coin that actually sees circulation is the quarter dollar. I wonder if this is a problem with higher denomination coins in other countries like Canada.
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molydeii's Avatar
Turkey
870 Posts
 Posted 10/06/2009  08:56 am  Show Profile   Bookmark this reply Add molydeii to your friends list Get a Link to this Reply
So far, I haven't heard or seen any forged modern US coins for circulation, again as snowman suggested, it's because probably no one bothers to produce US quarters for circulation. However, as much as I am concerned I have seen :
-2 and 1 euro forgeries.
-1 Pound forgeries
-25 Kurus and 1 Lira (Turkey) forgeries (1 Lira is about US.70 cents at the moment, so it worth forging it I guess)
-250,000 lira (pre currency reform) forgeries
-1 lira 1947 (.500 silver, original coin.. the forge is not) and 100 kurus 1934 (.900 silver, again, the original coin, the forge is not) forgeries intended for circulation.
-5 Marks 1970's (Germany) forgeries.

I collect them when I can. even though being almost no or little value collectionwise, I believe they have a sentimental value, if they were "forged" so to speak, back when those coins are legal tender and intended for circulation..

If anyone else collects them like I do, I'd love to get in touch.
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molydeii's Avatar
Turkey
870 Posts
 Posted 10/06/2009  08:59 am  Show Profile   Bookmark this reply Add molydeii to your friends list Get a Link to this Reply
Oh, by the way, I haven't also heard or seen any Canadian forged coins as well. I assume bigger the coin gets, more difficult to forge it because forgeries always give themselves away once closely examined. In this case, since Canadian higher value coins age large, such as the Loonie and the Twoonie, if they forge them in mass quantities, they would be easier to spot them.

And, secondly, Canada was chosen as 2nd best-place on Earth to live (according to Yahoo news lately) people must be nice there, and henceforth, they don't forge coins. :) (just a joke)
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WpgLwr's Avatar
Canada
1082 Posts
 Posted 10/06/2009  10:14 am  Show Profile   Bookmark this reply Add WpgLwr to your friends list Get a Link to this Reply
Well, according to most Americans, we're "extremely polite".

I haven't heard of anyone forging coins, but notes is a different matter. On the newest issue (supposedly more "counterfeit proof"), the Canadian Journeys series, photocopies of the $5 and $10 bill out in circulation were raising the counterfeiting statistics new heights (the larger bills, the $20, $50, and $100, all had incorporated holographic foil as part of their design, and were in the process of being released while this was going on -- when they were finally out in circulation, the Bank of Canada went back and redesigned the $5 and $10 to also incorporate a strip of foil).

Anyone with a decent-quality photocopier could print money, though, because the older notes were co-existent with the newer ones being introduced.

One night, I was helping out a friend that owned a hotel with a beer vendor because his vendor clerk called in sick. Toward the end of the night, this teenager comes in and wants an 18-pack of beer. I tell him the price and he puts five $5 bills on the counter. They were so obviously fake, I decided to have some fun with the kid. I look down at what he put on the counter, and I said to him, "Gee, kid, those are pretty, but they ain't money."

He looks at me and says, "Yes they are, they're just the ones without the silver foil on them."

At that point, I just looked at him and said, "You do know that the penalty for uttering counterfeit money in the Canadian Criminal Code goes as high as five years in jail, a $20,000 fine, or a combination of both, right?"

He then decides to play innocent, and says, "What, these are counterfeits? No way, the guy I got them from is honest..."

By this time, I turn them over to see that the serial number on all five is identical, I take them off the counter, and I also take the beer back and tell him to get lost. He starts to whine about the fact that I'm stealing his money, thinks better of this, turns and leaves, and I get his license plate number and call the cops.

Kind of makes me wonder why anyone would even try this with coins, but obviously, there must be some profit in it or they wouldn't be doing it.
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biokemist6's Avatar
United States
12437 Posts
 Posted 10/06/2009  10:31 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
US small dollars are indeed occasionally counterfeited
http://www.smalldollars.com/dollar/add014.html
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molydeii's Avatar
Turkey
870 Posts
 Posted 10/06/2009  12:10 pm  Show Profile   Bookmark this reply Add molydeii to your friends list Get a Link to this Reply
The counterfeit Sacawega and S.B.A dollars look pretty intresting actually!.. didn't know about that before. As the article said, they are to be circulated in Central and South American countries. Pound and Euro forged coins are for general circulation, as much as I em concerned, because almost all forged Euros and Pound coins I have come from my pocket change during I was those countries. Actually, I sometimes find one even two forged coins during a regular day!. As for Turkey, we used to have more forgeries when the coinage changed in '05 but right now I can say I haven't encountered a single forged 1-Lira coin for like one and a half years. The goverment either doing something about it or people start to recognise the coinage and learned to seperate forged from genuine, so even though I go through as many as 200-300 coins per day, I can't find one anymore.
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molydeii's Avatar
Turkey
870 Posts
 Posted 10/06/2009  12:12 pm  Show Profile   Bookmark this reply Add molydeii to your friends list Get a Link to this Reply
WpgLwr, obviously that kid thinks of himself as brillant, perhaps if he was to pay with let's say four genuine and one counterfeit 5 Dollar note, than he probably went unnoticed, more chance with untrained eyes. We, collectors probably are the hardest to fool in this matter I think!.
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WpgLwr's Avatar
Canada
1082 Posts
 Posted 10/06/2009  12:37 pm  Show Profile   Bookmark this reply Add WpgLwr to your friends list Get a Link to this Reply
That's probably true.

Newest scam is to take a $5 bill, and bleach it. It leaves the security foil intact on basically a white piece of paper, which they then photocopy a higher denomination note onto. There are apparently a lot of fake $20 bills with $5 foil strips on them. I think what the next step is going to be is that there will be different shaped foil holograms on different denominations.
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molydeii's Avatar
Turkey
870 Posts
 Posted 10/08/2009  09:53 am  Show Profile   Bookmark this reply Add molydeii to your friends list Get a Link to this Reply
We are having a different foil strip for every banknote here, larger than the ones in pounds sterling notes here, since the beginning of this year.. I assume security foils are the future of the paper money, at least the very best method availible to battle counterfeit notes nowadays.
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