Hi everyone, Just doing a bit of research and I can't competely figure out if there are fake toonies out on the market or not. These kind of seems to be a topic of controversy. Does anybody have any solid info on this? Any pics of 'fake' toonies? I received a toonie in my store today that looks like the one in the picute I've attached but I can't seem to quite verify if this toonie is indeed fake or not.
Is it the exact same diameter and weight? That will probably be the first step in detecting a counterfeit. Determine what the weight/diameter is supposed to be and check the coin in question.
Edit to add: While there are folks on here from Canada, none of them have replied yet. Me personally, I'm from the South east US, so I've never held a Toonie before. A lot of times the best way to tell a counterfeit is to have plenty of experience in what the real thing looks like.
I deal with about $400 worth of toonies a day, and I noticed this one. Hence the reason why I'm asking. I have never encountered a fake toonie as of yet, and I have never seen a toonie look like this before. When I researched the design, it comes up on a page referring to counterfeit toonies. While this topic seems to not have a very definitive answer, expect that in 2006 there was bust for counterfeit toonies, yet all the other articles do not seem to resemble the one pictured below. The diameter is the same so is the weight, but then again, I am using a food scale, so my scale is not the greatest. I know most of you are from the South and I also know that there a few of us Northern on here. lol. Not too sure and just want to get others ideas/opinions.
Fake toonies are quite rare, as ringed bimetal coins are exceedingly difficult to counterfeit correctly. There are plenty of images on the internet for comparison purposes.
It's real. It is the 10th anniversary one that should say 1996-2006 on the obverse/Queen side From somebody that knows what toonies are (lived in Canada)
lol no you are not. I received this toonie and I have never seen one before like it. I only wanted to ensure that it wasn't a fake. you see ikandiggit, as you already know, I am a NEWBIE, Candadian or not, I am still a newbie to paying attention to coins and notes. I'm not afraid to say...I don't know much and I'm willing to ask. That's all. Clarification lol
Here is the website that made me curious. http://www.kelowna.com/2010/04/21/no-glut-of-fake-toonies-rcmp/ 2 things why I ask. 1) I run a business, I need to know for 'the best interest of..." 2) I now look at currency in a different perspective then before, I question what goes through my hands.
Most people don't know that there is a new effigy of the queen. Just like people don't know that quarters, dimes, halves, and dollars were made of silver (in Canada too), and new (post 1982) US pennies are made of zinc.
I've never come across a fake toonie. I have, however collected a couple of loonies that may be fakes. They have poor detail and are of a much lighter color which made them stand out in a pile of loonies. I've seen one other one that is owned by a local dealer. In my restaurant, I've had a number of fake bank notes, mainly twenties but we did get hit with a fake $100 note last year. I'm more concerned about the notes than coins. I've collected a lot of foreign coins out of the till that get passed for pennies or quarters.
Fake bills, yes I can relate. In the Niagara Region - City of Hamilton, we recently had a bunch of fake $100's. My store got stuck with 2 of them. I was upset with my staff, because once a month I review how to detect fakes ~ even worse, we have a UV light!