Seems to be fake. You probably get the average number of fakes, but are more attentive to your change than others. Think about starting a collection of fakes made for circulation.
I collect coins and tokens which circulated in Africa from 18th century to 2000. I sell about 7000 illustrated world coins from http://www.avscoins.com.
Quote: AndreySeems to be fake. You probably get the average number of fakes, but are more attentive to your change than others. Think about starting a collection of fakes made for circulation.
Might do that - But for UK the highest coin which is in circulation is £2.. Does not seem worth counterfeiting a coin with such low value, so I guess they are rare.
Quote: AndreySeems to be fake. You probably get the average number of fakes, but are more attentive to your change than others. Think about starting a collection of fakes made for circulation.
Might do that - But for UK the highest coin which is in circulation is £2.. Does not seem worth counterfeiting a coin with such low value, so I guess they are rare.
These are regularly faked coins. They say every one pound in ten coins is a fake in the UK.
I collect coins and tokens which circulated in Africa from 18th century to 2000. I sell about 7000 illustrated world coins from http://www.avscoins.com.
I've seen a great deal of those "tokens" on alibaba. So when does a "novelty token" become an illegal fake?
Following on from the original post, just reading the Forgery and Counterfeiting Act 1981 it seems that if you have a fake, and you know it is a fake, then it is illegal to pass it on, section 15(2), or even to keep it, section 16(2).
I have a number of fake £1 coins, and have no intention of trying to pass them on as genuine, but I keep them because some are just so ridiculously fake that they're quite funny.
http://www.facebook.com/NumismaticsUK
I'm not an expert in any kind of coins, but I reckon I'm good at research and will do my best to help. Feel free to tell me my identifications/valuations/gradings are wrong. It's the only way I'll learn.
I have read (could have been on Numista) that fake Pound coins are as little as 30p each. It's not a fantastic markup when you consider the fact you're risking prison.
WHATEVERR, that is very unusual as fake £1 coins go. I've seen many fake £1 partly through a cash handling job, maybe 100-200 and I've never seen one with that edge, nor in many, many online photos of fake £1 edges. Since all the incuse edge lines are straight it cannot be a genuine, multiply struck edge error, if that were even possible. There are people who will pay good money for a rarer fake like that. I think the Royal Mint survey that says 3% of £1 coins are fake is broadly in the right ballpark. And yes, if you research the subject hard enough it soon becomes evident that after a few years every major 'series' of fakes is discontinued, often if not almost always because the factory is busted. But there is always something new or unusual turning up.
