found a FAKE POUND coin

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found a FAKE POUND coin

Postby uthminsta » Tue Feb 14, 2012 8:49 pm

I have an accumulation of British coins, as my sister is going to England this summer. I had read before about how there were so many fake pound coins, so I started looking at them all together. Found a 1996-dated fake with the reverse that was only on 1987 and 1992 coins. Can you spot the fake in there with the real 1996's?
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Re: found a FAKE POUND coin

Postby AGgressive Metal » Tue Feb 14, 2012 9:12 pm

Is the edge lettering incorrect or missing as well?
And he that hath lyberte ought to kepe hit wel
For nothyng is better than lyberte
For lyberte shold not be wel sold for alle the gold and syluer of all the world
-Aesop's Fables, Caxton edition 1484

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Re: found a FAKE POUND coin

Postby henrysmedford » Tue Feb 14, 2012 9:18 pm

How do you spot a fake pound coin?
Image
The number of fake £1 coins in circulation now stands at more than 30 million, according to the Royal Mint. How do you know if you've been given one?
That £1 coin in your pocket could be worthless.
The number of fake pound coins in circulation has doubled in the past five years and one in every 50 is now counterfeit.

THE ANSWER
Indistinct lettering or wrong typeface on edge
Queen's head and pattern on reverse should both be upright when coin is turned over
Design on reverse should correspond with official design for year of its issue

Number of fake £1 coins 'doubles'
It's illegal to make or use counterfeited coins and the Royal Mint says people must hand them in if they think they have one. But how can you tell?
It all depends on the quality of the counterfeit, but key signs include a poorly defined ribbed edge, the wrong typeface and an indistinct design or bust of the Queen. A fake can also be slightly different in colour.
"Current fakes are what we call 'soapy' in the coin business," says Garry Day, who works for a leading coin dealer, AH Baldwin.
"This means the marking and detail on them, like the queen's head, are blurred and not very distinct."
Poor workmanship
Another way to identify a fake is to check the alignment of the coin. Hold it so the Queen's head is upright and facing you - when you turn the coin over, the pattern on the reverse should also be upright. Fakes can often be at an angle.
The Royal Mint's online design portfolio can also be used to easily identify what's genuine and what's not. Since they were introduced in 1983, the design on the reverse of the coins has changed every year.

WHO, WHAT, WHY?

A regular feature in the BBC News Magazine - aiming to answer some of the questions behind the headlines
Often the year and the design do not correspond on a fake. Also, the Latin motto on the edge of the coin should correspond to the right year.
A simple test at any automated vending machine can also identify a suspect coin. A lot of counterfeit coins are rejected, often leaving you grappling to find another coin in your purse or pocket.
But ultimately, how easy it is to identify a fake comes down to its quality. The good news is the fakes are getting worse, according to some experts.
"Quality is definitely dropping and fakes are now quite obvious, even to the untrained eye," says Mr Day, who has been studying the problem.
"The workmanship isn't what it used to be and most are pretty easy to spot. People just need to know what they are looking for."

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Re: found a FAKE POUND coin

Postby henrysmedford » Tue Feb 14, 2012 9:19 pm

How do you spot a fake pound coin?
Image
The number of fake £1 coins in circulation now stands at more than 30 million, according to the Royal Mint. How do you know if you've been given one?
That £1 coin in your pocket could be worthless.
The number of fake pound coins in circulation has doubled in the past five years and one in every 50 is now counterfeit.

THE ANSWER
Indistinct lettering or wrong typeface on edge
Queen's head and pattern on reverse should both be upright when coin is turned over
Design on reverse should correspond with official design for year of its issue

Number of fake £1 coins 'doubles'
It's illegal to make or use counterfeited coins and the Royal Mint says people must hand them in if they think they have one. But how can you tell?
It all depends on the quality of the counterfeit, but key signs include a poorly defined ribbed edge, the wrong typeface and an indistinct design or bust of the Queen. A fake can also be slightly different in colour.
"Current fakes are what we call 'soapy' in the coin business," says Garry Day, who works for a leading coin dealer, AH Baldwin.
"This means the marking and detail on them, like the queen's head, are blurred and not very distinct."
Poor workmanship
Another way to identify a fake is to check the alignment of the coin. Hold it so the Queen's head is upright and facing you - when you turn the coin over, the pattern on the reverse should also be upright. Fakes can often be at an angle.
The Royal Mint's online design portfolio can also be used to easily identify what's genuine and what's not. Since they were introduced in 1983, the design on the reverse of the coins has changed every year.

WHO, WHAT, WHY?

A regular feature in the BBC News Magazine - aiming to answer some of the questions behind the headlines
Often the year and the design do not correspond on a fake. Also, the Latin motto on the edge of the coin should correspond to the right year.
A simple test at any automated vending machine can also identify a suspect coin. A lot of counterfeit coins are rejected, often leaving you grappling to find another coin in your purse or pocket.
But ultimately, how easy it is to identify a fake comes down to its quality. The good news is the fakes are getting worse, according to some experts.
"Quality is definitely dropping and fakes are now quite obvious, even to the untrained eye," says Mr Day, who has been studying the problem.
"The workmanship isn't what it used to be and most are pretty easy to spot. People just need to know what they are looking for."

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Re: found a FAKE POUND coin

Postby OtusLotus » Thu Feb 23, 2012 12:32 am

Is the fake is on the botton right at the 5 o'clock position?
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Re: found a FAKE POUND coin

Postby SilverSnake » Thu Jul 19, 2012 4:32 pm

Sorry to hear you found a fake but as long as you did not pay to much for it fakes can be interesting to have in a collection. Personally I have a whole box full of fakes because I find it interesting that someone took the time to fake it.
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