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Three men jailed over 'largest' fake £1 coin plot
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Author:  pcernie [ Tue May 21, 2013 9:19 pm ]
Post subject:  Three men jailed over 'largest' fake £1 coin plot
http://www.bbc.co.uk/news/uk-england-london-22612487

It's so endemic over here that shopkeepers don't have much choice but to take them :evil:
Author:  belchingmatt [ Tue May 21, 2013 9:41 pm ]
Post subject:  Re: Three men jailed over 'largest' fake £1 coin plot
The banks won't accept them, so the shopkeepers are just as bad as the counterfeiters, as they keep them in circulation.

Counterfeit coins are fairly easy to spot. If you could make a better fake it wouldn't be economic to do so.
Author:  pcernie [ Tue May 21, 2013 10:28 pm ]
Post subject:  Re: Three men jailed over 'largest' fake £1 coin plot
belchingmatt wrote:
The banks won't accept them, so the shopkeepers are just as bad as the counterfeiters, as they keep them in circulation.

Counterfeit coins are fairly easy to spot. If you could make a better fake it wouldn't be economic to do so.


That's just it - the banks do accept them, otherwise Ulster would have even less shops and the banks wouldn't have much in the way of cash deposits :lol: :oops:

And if you think that's bad, try the established crime gangs in the Republic...
Author:  Amnesia10 [ Tue May 21, 2013 10:46 pm ]
Post subject:  Re: Three men jailed over 'largest' fake £1 coin plot
Quote:
Det Insp Bruce South said: "These three men are organised criminals who were intent on undermining the UK monetary system.


Quote:
At Southwark Crown Court they were jailed for five and seven years.

Mark Abbott, 44, of Cedars Park Drive, Edmonton, pleaded guilty to the charges and was given a two-year prison term.

So give them longer sentences.
Author:  l3v1ck [ Wed May 22, 2013 3:42 pm ]
Post subject:  Re: Three men jailed over 'largest' fake £1 coin plot
Fake pound coins used to be easy to spot as the rims gave them away. (no text etc.) But these days it's much harder.
I had one last week that I was a bit suspicious about, but I spent it anyway.
Author:  Amnesia10 [ Wed May 22, 2013 5:35 pm ]
Post subject:  Re: Three men jailed over 'largest' fake £1 coin plot
l3v1ck wrote:
Fake pound coins used to be easy to spot as the rims gave them away. (no text etc.) But these days it's much harder.
I had one last week that I was a bit suspicious about, but I spent it anyway.

I got one years ago, but had not seen one for years. Though counterfeiting used to get really stiff sentences. It is now becoming worth the risk. :roll:
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