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Is there a country where the GOVERNMENT itself was counterfeiting another country's coins?
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<p>[QUOTE="kevin McGonigal, post: 4481991, member: 72790"]No doubt about this one. During the American Revolution, British and Loyalist allies in the Crown occupied NYC environs combined to print huge quantities of Continental notes for the purpose of destabilizing the Rebel currency. It worked . Loyalists going out of the NYC area into Continental controlled regions were given as much counterfeited currency as they could carry. There was one way of detecting them under close inspection. The British notes were of higher quality, better rag paper, better ink and printing type. Still, so successful was this British authorized counterfeiting that these notes, and the ones issued by the Continental Congress, became essentially worthless, and Congress stopped issuing them in 1779. Collectors of Colonial currency are well aware of these notes and they are considered quite collectible in their own right. By the way, there was no attempt to counterfeit a Continental coinage as, except for a few pattern pieces, there was no Continental coinage and the Continental currency was denominated in Spanish milled dollars, anyway.[/QUOTE]</p><p><br /></p>
[QUOTE="kevin McGonigal, post: 4481991, member: 72790"]No doubt about this one. During the American Revolution, British and Loyalist allies in the Crown occupied NYC environs combined to print huge quantities of Continental notes for the purpose of destabilizing the Rebel currency. It worked . Loyalists going out of the NYC area into Continental controlled regions were given as much counterfeited currency as they could carry. There was one way of detecting them under close inspection. The British notes were of higher quality, better rag paper, better ink and printing type. Still, so successful was this British authorized counterfeiting that these notes, and the ones issued by the Continental Congress, became essentially worthless, and Congress stopped issuing them in 1779. Collectors of Colonial currency are well aware of these notes and they are considered quite collectible in their own right. By the way, there was no attempt to counterfeit a Continental coinage as, except for a few pattern pieces, there was no Continental coinage and the Continental currency was denominated in Spanish milled dollars, anyway.[/QUOTE]
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Is there a country where the GOVERNMENT itself was counterfeiting another country's coins?
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