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Wednesday, 22 September 2010

Counterfeit £1 coins - don't get caught out

  • Published: Wednesday, 28 July 2010

Roughly 3 per cent, or £41 million worth, of £1 coins in circulation are believed to be counterfeit. To help cut down on the number of counterfeit coins in circulation the Royal Mint has published advice to help you spot the fakes.

Spotting a counterfeit £1 coin

Spotting counterfeit £1 coins - a guide

It may not always be easy to spot a counterfeit £1 coin without inspecting it closely.

Common features of counterfeit coins include:

  • the date and design on the back do not match (the reverse design is changed each year) – find a list of designs and dates by following the link below
  • the lettering or inscription on the edge of the coin does not correspond to the right year
  • the milled edge is poorly defined and the lettering is uneven in depth, spacing or is poorly formed
  • the front and back designs are not sharp or well defined
  • where the coin should have been in circulation for some time, the colouring appears more shiny and golden and the coin shows no sign of age
  • the colour of the coin does not match genuine coins
  • the designs on front and back are not in-line

Using counterfeit coins is illegal. If you have a counterfeit or suspect that a coin may be a counterfeit, hand it in to your local police station.

For further information on Britain’s £1 coin designs, and a guide to spotting fake £1 coins, follow the link below.

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