Counterfeit coins isssued to customers by High Streat Banks
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Counterfeit coins isssued to customers by High Streat Banks
Counterfeit coins isssued to customers by High Streat Banks
28-08-2014 6:56 PM
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The number of fake coins per £1,000 bag full, went from 28 to 35 which gives a rough average of 3% of our coins in circulation being fake..... !...
transposed into actual value that was made out to be about 40 million pounds ! ! ! ...
Bring back the old Pound Note.... ( well an up to date version ).....I would suspect that it is so easy to "make your own" due to the amazing number of different designs issued by the Royal Mint....
The program did actually follow a police raid on some old farm buildings where the arrested one guy... and found several hundred plastic cash bags, and some coins .......
Re: Counterfeit coins isssued to customers by High Streat Banks
Re: Counterfeit coins isssued to customers by High Streat Banks
28-08-2014 9:32 PM
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Quote from: shutter Bring back the old Pound Note.... ( well an up to date version )....
Why stop there. Lets have the ten bob note back as well ".. ( well an up to date version ).."
Better real money instead of the toy town coins.
Re: Counterfeit coins isssued to customers by High Streat Banks
Re: Counterfeit coins isssued to customers by High Streat Banks
28-08-2014 9:43 PM
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Re: Counterfeit coins isssued to customers by High Streat Banks
Re: Counterfeit coins isssued to customers by High Streat Banks
28-08-2014 10:01 PM
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Re: Counterfeit coins isssued to customers by High Streat Banks
Re: Counterfeit coins isssued to customers by High Streat Banks
28-08-2014 10:46 PM
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Re: Counterfeit coins isssued to customers by High Streat Banks
Re: Counterfeit coins isssued to customers by High Streat Banks
28-08-2014 11:43 PM
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Re: Counterfeit coins isssued to customers by High Streat Banks
Re: Counterfeit coins isssued to customers by High Streat Banks
29-08-2014 6:19 AM
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Quote from: rongtw arnt they supposed to be bringing out the plastic bank note soon ?
Yes the B of E announced they will introduce plastic notes.
Re: Counterfeit coins isssued to customers by High Streat Banks
Re: Counterfeit coins isssued to customers by High Streat Banks
29-08-2014 9:22 AM
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M
Re: Counterfeit coins isssued to customers by High Streat Banks
Re: Counterfeit coins isssued to customers by High Streat Banks
29-08-2014 10:14 AM
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Re: Counterfeit coins isssued to customers by High Streat Banks
Re: Counterfeit coins isssued to customers by High Streat Banks
29-08-2014 10:50 AM
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it would be far better if actuall cash disappeared in order to get rid of the counterfeit currency however if you go digital whats to stop even more people figuring out how to doctor the numbers in there chip making the problem significantly worse ....
Re: Counterfeit coins isssued to customers by High Streat Banks
Re: Counterfeit coins isssued to customers by High Streat Banks
29-08-2014 10:58 AM
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Quote from: nanotm that's essentially it shutter, if an individual hands in a fake coin they don't loose the cash
But you do lose out. If you are told a note or coin is a fake you commit a criminal offence to attempt to use it again. Some institutions such as banks would confiscate a fake coin or note and not replace it.
Re: Counterfeit coins isssued to customers by High Streat Banks
Re: Counterfeit coins isssued to customers by High Streat Banks
29-08-2014 11:13 AM
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Re: Counterfeit coins isssued to customers by High Streat Banks
Re: Counterfeit coins isssued to customers by High Streat Banks
29-08-2014 11:16 AM
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I Didn't know that, can you confirm that is accurate ?
Thanks

Re: Counterfeit coins isssued to customers by High Streat Banks
Re: Counterfeit coins isssued to customers by High Streat Banks
29-08-2014 11:18 AM
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Quote If you take a forgery to a bank will they give you a real one in return?
No. "Counterfeit £1 coins are not genuine currency and no value can therefore be given for them," says the Mint. Lloyds TSB says if you got the fake from one of its branches it will reimburse you, up to a limit of £10 – it will check that you are a customer and have made a withdrawal of coins first.
Re: Counterfeit coins isssued to customers by High Streat Banks
Re: Counterfeit coins isssued to customers by High Streat Banks
29-08-2014 11:26 AM
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[quote=From OJ's link]Can you get into trouble for unwittingly spending a fake £1 coin?
It seems not. The Royal Mint says: "Under the Forgery and Counterfeiting Act 1981 it is an offence to knowingly pass on a counterfeit £1 coin." As long as you don't spend it "knowingly", you are in the clear.
By not losing I mean no prosecution (you would still lose the money).
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