الثلاثاء، 27 يوليو 2010

Got any £1 coins? They may be counterfeit.

...new figures indicated there were £41 million fake £1 coins in Britain – one in every 36 in circulation. This is a record level and suggests that the proportion of counterfeit coins had tripled in the last decade...

Scrapping the £1 coin would be very expensive for the Government as well as major upheaval for consumers. However, other countries have been forced to take similar action when counterfeits became too prevalent. The 5 rand coin in 2004 was reissued after taxi-drivers and shopkeepers in South Africa started to refuse to accept them. Fakes were just 2 per cent of all coins, compared with 2.81 per cent with the British £1.

Experts said it was becoming increasingly difficult for shoppers in Britain to spot a fake. The only time they usually notice is when they are rejected by a parking meter or vending machine, which contain devices to monitor whether the metal composition of the coins is correct. However, at least half the fakes are now so good they pass these tests...
Of course, if coins had any intrinsic metallic value, this wouldn't be such a problem...

More at The Telegraph.

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