Arizona Coin Collector wrote:
FROM:
http://www.independent.co.uk/news/uk...s-1519082.html

Surge in number of fake pound coins

Alarm at the Royal Mint as one in every 40 is found to be counterfeit

By Martin Hickman, Consumer Affairs Correspondent
Thursday, 29 January 2009

Criminal gangs have dramatically increased their
output of counterfeit £1 coins in the past year,
pumping millions of fakes into the economy and
threatening to undermine public confidence in the
money supply.

Sampling by the Royal Mint of coins in circulation
across Britain has found that the number in
circulation rose by 27 per cent during 2008,
raising the amount of sham coinage to £37.5m - or
one £1 coin in every 40 - the highest since the
coin was introduced in 1983.

[major snippage]

Short of the UK potentially soon going with the Euro, me thinks that the time
has come for the Royal Mint to change the composition of the £1. If it is
really THAT bad (1:40 is now fake), I'd seriously consider not accepting £1
coins at all if I were a British shop keeper. Ditto in change as an average
consumer.

Would a USA-style clad style work?

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Regards, | |\ ____
| | | | |\
Michael G. Koerner May they | | | | | | rise again!
Appleton, Wisconsin USA | | | | | |
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