fake £1 coin

DF96 · 29th June 2011, 06:14 PM

This week on TV there was a piece about fake £1 coins - up to 3% of those in circulation. I found I had one. According to the Bank of England website, anyone finding one is supposed to hand it in to their local police station.

This afternoon I visited the police and tried to hand in my dodgy £1. They told me that they don't deal with this, and suggested I hand it in at a bank. I happened to be visiting my bank too, so I tried again there. The cashier was rather reluctant to accept it, on the grounds that she didn't know what to do with it. She told me that they have a procedure for fake notes but not fake coins. She took it and put it by her till. I hope her boss knows what to do with it.

Afterwards I reflected that maybe there might be fewer dodgy coins in circulation if there was actually a reliable mechanism for honest people to hand them in!

SY · 29th June 2011, 06:16 PM

Quote:

Originally Posted by DF96

The cashier was rather reluctant to accept it, on the grounds that she didn't know what to do with it.

I might have had a suggestion, but admittedly I'm not as nice a person as you.

Wavebourn · 29th June 2011, 06:27 PM

Quote:

Originally Posted by SY

I might have had a suggestion, but admittedly I'm not as nice a person as you.

Like, one man come on parking lot and found his car damaged, with a letter on the windscreen: "Sir, lots of people are looking when I write this letter. They all think I write my address, phone number, and insurance number. They are so wrong!".

DF96 · 29th June 2011, 06:27 PM

You might not be surprised to know that I was not surprised at my findings. The police here seem to have lost interest in most forms of crime, apart from whatever happens to be their 'target of the month'.

Strangely, banks seem to have lost interest in money too. I once had a bank (with Bureau de Change on the door) tell me that they don't stock Euros so I should go to the travel agent over the road. I was tempted to ask the bank if they now sold package holidays instead of handling money.

vinylkid58 · 29th June 2011, 06:38 PM

Quote:

Originally Posted by SY

I might have had a suggestion, but admittedly I'm not as nice a person as you.

LOL!

johnnyx · 29th June 2011, 06:40 PM

Try using your fake coin in a slot machine - the slot machines care!

Pano · 29th June 2011, 07:08 PM

Making passable fake coins seems like a very low profit enterprise. Bank notes are so much better.

Wavebourn · 29th June 2011, 07:14 PM

Quote:

Originally Posted by Pano

Making passable fake coins seems like a very low profit enterprise. Bank notes are so much better.

How much would it cost for a jobless guy to make one?

DF96 · 29th June 2011, 07:15 PM

Yes, I wondered why people bother. Suppose you went to the trouble and expense of making lots of fake coins. How do you use them? You can't just change them at a bank for 'real' money; well you might manage it once but the bank would spot them eventually. I doubt if someone would sell you a car for 15000 £1 coins. If you drip feed them when buying food, alcohol etc it would take a long while to recoup your investment. £10 or £20 notes seem a much more profitable way for the forger to have a successful career in crime.

Andy5112405 · 29th June 2011, 07:21 PM

Easiest way to spot them is to turn them over in your hand. Fakes will have BACK and FRONT misaligned.

In time they will get that right and then they will be inditinguishable.

Refuse to accept them. Only accept genuine coins.

29th June 2011, 06:14 PM	#1
DF96 diyAudio Member Join Date: May 2007	fake £1 coin This week on TV there was a piece about fake £1 coins - up to 3% of those in circulation. I found I had one. According to the Bank of England website, anyone finding one is supposed to hand it in to their local police station. This afternoon I visited the police and tried to hand in my dodgy £1. They told me that they don't deal with this, and suggested I hand it in at a bank. I happened to be visiting my bank too, so I tried again there. The cashier was rather reluctant to accept it, on the grounds that she didn't know what to do with it. She told me that they have a procedure for fake notes but not fake coins. She took it and put it by her till. I hope her boss knows what to do with it. Afterwards I reflected that maybe there might be fewer dodgy coins in circulation if there was actually a reliable mechanism for honest people to hand them in!

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29th June 2011, 06:27 PM	#4
DF96 diyAudio Member Join Date: May 2007	You might not be surprised to know that I was not surprised at my findings. The police here seem to have lost interest in most forms of crime, apart from whatever happens to be their 'target of the month'. Strangely, banks seem to have lost interest in money too. I once had a bank (with Bureau de Change on the door) tell me that they don't stock Euros so I should go to the travel agent over the road. I was tempted to ask the bank if they now sold package holidays instead of handling money.

29th June 2011, 06:40 PM	#6
johnnyx diyAudio Member Join Date: Jan 2004 Location: manchester	Try using your fake coin in a slot machine - the slot machines care!

29th June 2011, 07:08 PM	#7
Pano diyAudio Moderator Join Date: Oct 2004 Location: North Carolina Blog Entries: 4	Making passable fake coins seems like a very low profit enterprise. Bank notes are so much better.

29th June 2011, 07:15 PM	#9
DF96 diyAudio Member Join Date: May 2007	Yes, I wondered why people bother. Suppose you went to the trouble and expense of making lots of fake coins. How do you use them? You can't just change them at a bank for 'real' money; well you might manage it once but the bank would spot them eventually. I doubt if someone would sell you a car for 15000 £1 coins. If you drip feed them when buying food, alcohol etc it would take a long while to recoup your investment. £10 or £20 notes seem a much more profitable way for the forger to have a successful career in crime.

29th June 2011, 07:21 PM	#10
Andy5112405 Banned Join Date: Nov 2006 Location: Torpoint	Easiest way to spot them is to turn them over in your hand. Fakes will have BACK and FRONT misaligned. In time they will get that right and then they will be inditinguishable. Refuse to accept them. Only accept genuine coins.