Check your change

[wizard]

How many fake £1.00 coins do you have? I have three out of ten

 

[Spindle]

Hi

How do you tell?

Regards Mick

 

[Random Orbital Bob]

he's referring to the justification the chancellor just gave in the budget speech about the underlying reason for developing the new pound coins. 30 odd % apparently are counterfeit that are currently in circulation.

 

[Phil Pascoe]

How many fake £1.00 coins do you have? I have three out of ten

You have six out of ten, because all mine are real.

 

[wizard]

Phil was that you i saw on TV the other night at your woodturning club.

 

[Phil Pascoe]

I don't think so, Wiz - I've been in hospital for seven weeks.

 

[morfa]

1 in 30 (3%) not 30%. Apparently they reckon this is approx 45 million counterfeit coins in circulation

 

[JustBen]

I don't see why they are bothering to change it.
I know that counterfeiting is wrong but the cost to rectify it is likely to be more than any loss to the government with the current situation.

 

[DrPhill]

Were these fake ones the ones created my 'monetary easing'?

If not than it seems to me the crooks were on the same mission as the government. Or was that tautology?

 

[Phil Pascoe]

Sorry, the government fakes were billions - they don't mess about with mere millions.

 

[Grahamshed]

They keep on saying this but I have never found one.

 

[MARK.B.]

Can you imagine the number of machines that take a one pound coin,everyone will need changing or altering in some way, every supermarket trolley etc etc, guess who will end up paying for this ? yep its you and me.

 

[wizard]

The fake ones used to be made from lead and were heavy and the paint came off. The ones made today are very hard to spot, the queens face may not look right and they may sink in the middle. At least the new ones can be past on.