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That took me completely by surprise. Is there really that much of a market in counterfeit coins? The profit margins just seem so modest relative to counterfeit bills.
As a UK citizen, it stuns me that one-in-thirty pound coins is a fake because a) i can't imagine how it's possibly worth it b) out of the thousands of pound coins i must have handled, I've never spotted a fake - they must be very good. Still, the new coin certainly looks nice!
Is counterfeiting coins very lucrative?
What I don't know is the going rate for 1,000 fakes.
Just curious, has anyone any insight into what that "hidden high security feature is"?
but it might give you some insights...
For a moment I thought/hoped the UK would introduce an official cryptocurrency...
For a moment I thought/hoped the UK would introduce an official cryptocurrency...
Just curious, has anyone any insight into what that "hidden high security feature is"?
I think it's some kind of radio signal transceiver, because I saw a video where they talk about detecting it at high speed from a small distance as coins pass through a system.
> Hidden high security feature – a high security feature is built into the coin to protect it from counterfeiting in the future. "security through obscurity" as a feature?
You might buy new pounds as "secure" coins, but you'll probably some percentage of their value the next day...