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<p>[QUOTE="gxseries, post: 3617253, member: 4373"]Erm the story goes a lot further back than the Chinese counterfeits.</p><p><br /></p><p>The size of the Korean 500 won and Japanese 500 yen is somewhat the same except the Korean coins were slightly heavier. It soon became an issue when some crooks figured out that all one needed to do is to shave a bit of weight off. Using those defiled coins, they could just dump them into vending machines and even without purchasing anything in drink machines, they could eject the change out. Now 500 won is about 50 yen so it's about 10% of face value. Good profit.</p><p><br /></p><p>New release was issued in 2000 but it still continues to attract counterfeiters. This still affects vending machines where some vendors couldn't be bother to upgrade their machines.</p><p><br /></p><p>The real issue is that it is not the machines that cannot tell the difference. It is the general public that can't do so well especially if you factor in that Japan has a large grey population which only continues to go on upward trend.</p><p><br /></p><p>Because it is a norm culture to accept cash at face value and NOT doubt if it is counterfeit or not - this is just the tip of an iceberg. There are reports of counterfeit 10,000 yen notes even with the hologram.[/QUOTE]</p><p><br /></p>
[QUOTE="gxseries, post: 3617253, member: 4373"]Erm the story goes a lot further back than the Chinese counterfeits. The size of the Korean 500 won and Japanese 500 yen is somewhat the same except the Korean coins were slightly heavier. It soon became an issue when some crooks figured out that all one needed to do is to shave a bit of weight off. Using those defiled coins, they could just dump them into vending machines and even without purchasing anything in drink machines, they could eject the change out. Now 500 won is about 50 yen so it's about 10% of face value. Good profit. New release was issued in 2000 but it still continues to attract counterfeiters. This still affects vending machines where some vendors couldn't be bother to upgrade their machines. The real issue is that it is not the machines that cannot tell the difference. It is the general public that can't do so well especially if you factor in that Japan has a large grey population which only continues to go on upward trend. Because it is a norm culture to accept cash at face value and NOT doubt if it is counterfeit or not - this is just the tip of an iceberg. There are reports of counterfeit 10,000 yen notes even with the hologram.[/QUOTE]
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