Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
circulating counterfeits...
>
Reply to Thread
Message:
<p>[QUOTE="ericl, post: 924484, member: 2697"]Having gotten a very large tax refund. I decided to spend some of it on a quickie trip to Europe, and on my last day I was in London. </p><p><br /></p><p>I was looking through my change and one thing I noticed is that each year, they change the reverse of the £1 coin. I would have taken them all, but I needed other things like food and tube tickets and the like. Two things I kept were 1991 and 1992 coins that had the exact same reverse, an english thistle or something. They weren't in very good condition (actually, they were, technically, but barely, you get the picture) and when I got back home to the states I gave them a good look and checked an old catalogue (new ones cost about sixty bucks or something like that) and discovered that I was right, the 1991 coin had the wrong reverse! I had found a very rare mule!!!! This could pay for the entire trip!!!! Or so I thought. </p><p><br /></p><p>I did some research on the internet and discovered that as much as a quarter of the pound coins out there are counterfeit. So the chances are, that I got one. Now exactly why people would go to all that trouble to counterfeit a coin that's only worth a pound is beyond me. Sure people use tiny tools to add or subtract mint marks or dates in order to make some junk worth thousands, but minting an entire run of coins? I mean that the investment would be far higher than the potential profit so why do it. </p><p><br /></p><p>This is not like making phony c-notes or €200s, where you can make passable fakes cheaply. These are coins, for crying out loud! These aren't gold or silver, but circulating coins with the buying power of little more than a dollar, and with inflation there, little more than loose change. </p><p><br /></p><p>Has anyone out there come across anything like that?[/QUOTE]</p><p><br /></p>
[QUOTE="ericl, post: 924484, member: 2697"]Having gotten a very large tax refund. I decided to spend some of it on a quickie trip to Europe, and on my last day I was in London. I was looking through my change and one thing I noticed is that each year, they change the reverse of the £1 coin. I would have taken them all, but I needed other things like food and tube tickets and the like. Two things I kept were 1991 and 1992 coins that had the exact same reverse, an english thistle or something. They weren't in very good condition (actually, they were, technically, but barely, you get the picture) and when I got back home to the states I gave them a good look and checked an old catalogue (new ones cost about sixty bucks or something like that) and discovered that I was right, the 1991 coin had the wrong reverse! I had found a very rare mule!!!! This could pay for the entire trip!!!! Or so I thought. I did some research on the internet and discovered that as much as a quarter of the pound coins out there are counterfeit. So the chances are, that I got one. Now exactly why people would go to all that trouble to counterfeit a coin that's only worth a pound is beyond me. Sure people use tiny tools to add or subtract mint marks or dates in order to make some junk worth thousands, but minting an entire run of coins? I mean that the investment would be far higher than the potential profit so why do it. This is not like making phony c-notes or €200s, where you can make passable fakes cheaply. These are coins, for crying out loud! These aren't gold or silver, but circulating coins with the buying power of little more than a dollar, and with inflation there, little more than loose change. Has anyone out there come across anything like that?[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
circulating counterfeits...
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...