Saving £1 & £2 coins but worried about Fakes !

Ive seen quite a lot, they all seemed to come form the same pub aswell, some better than others but this one was one of the worst. I was half expecting to find chocolate inside. The real one is on the right incase you hadn't noticed.

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worst%20fake%20pound2.JPG
 
Just checked a couple quids I had on my desk, one was from 1989! Wonder how many different children have swallowed and **** it back out.
 
jasonsony735 said:
Anyone else Save £1 & feels the same as I do ?
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I'm probably being a bit daft here but I'm not really seeing the issue unless it's one of potential disappointment when you think you've saved up £XX in pound coins but it's actually £XX minus £Y in fakes. However you look at it you'd still have the same number of fake coins so it's just a question of whether you were trying to spend them on a piecemeal basis (more likely for it not to be noticed I suppose in a shop) or exchange them all at once for a lump sum - either way you're arguably not really gaining or losing since it's the same amount of fake coins that you've received*. So if I was collecting £1 coins I'd continue to do so because I'm assuming the purpose is to keep saving what you've got in change from other transactions.

*If you're specifically requesting £1 coins from any transactions then you would be increasing the risk of getting dodgy coins of course.
 
I recently cashed in over £600 in £1 coins. In that volume they just weigh them in money bags of £20 (or in a giant £500 money bag, which was pretty cool), so fakes will just go through as they weigh pretty much the same.

So my advice is to just save lots!
 
I thought the old way of telling if they are fake is get a sharp blade and scratch in to them, fake ones tend to scratch a cut in easier and reveal a lighter in color metal beneath it surface, that was years ago though, unless there is a different fake now

Either way just change it in to note, take it to a bank, change back to coins :p
 
DJMK4 said:
I thought the old way of telling if they are fake is get a sharp blade and scratch in to them, fake ones tend to scratch a cut in easier and reveal a lighter in color metal beneath it surface, that was years ago though, unless there is a different fake now

Either way just change it in to note, take it to a bank, change back to coins :p
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The only way to tell with the fake £2 I received was that the shiny lacquer on the Queen's head had rubbed off. Not something you necessarily look out for.
 
Skeeter said:
I recently cashed in over £600 in £1 coins. In that volume they just weigh them in money bags of £20 (or in a giant £500 money bag, which was pretty cool), so fakes will just go through as they weigh pretty much the same.

So my advice is to just save lots!
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You didn't check them for fakes and hand them in? Utter scum. :mad:
 
i seen someone drop them on the floor before. if they bounce/dont then they're fake (cant remember which way around)

ive also seen someone bite into them before but cant see the point in that unless you're a pro at detecting metal hardness through your teeth
 
godinman said:
You didn't check them for fakes and hand them in? Utter scum. :mad:
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To be fair at no point have I suggested that you check your change for fakes, because it's actually quite hard to do. I suggest that knowingly passing on a counterfeit coin is dishonest, and I'm pretty sure a crime (though difficult to prove).

Jonnybmac said:
i seen someone drop them on the floor before. if they bounce/dont then they're fake (cant remember which way around)

ive also seen someone bite into them before but cant see the point in that unless you're a pro at detecting metal hardness through your teeth
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You don't know where that coin has been either, so I don't recommend putting it anywhere near your mouth.
 
Jonnybmac said:
ive also seen someone bite into them before but cant see the point in that unless you're a pro at detecting metal hardness through your teeth
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Some of the fakes are noticeably softer than genuine coins and it's very obvious when you bite it.

Another test can be to run the edge of a coin on a sheet of paper. Some fakes will leave a line, but a genuine one doesn't.
 
balky12 said:
I believe if you deposit money at a bank, and that includes fake £1 the bank honours it. They then take these coins out of circulation and take the hit.

Obviously if you turn up with all fake £1 coins that's another story.
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Sadly not. The bank will give you a receipt for the suspect money, send it off to be checked, if its counterfeit you lose your money if it's real its credited to you.

Banks will not honour fake coins/notes for obvious reasons. Having said that I have never known them to check bags of coins other than by weight.
 
You can spend fake coins...cashiers hold bank notes up to the light (if you look "dodgy") but they don't know how to spot fake coins.

Banking them might be a different story.
 
Simian said:
I think all my £1 and £2 coins are made from Leprechaun money!

No matter how many I save, they always just 'POOF' disappear!!
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I wish mine would, I don't know if it's a perpentual need to hand over notes in the pub but I always seem to have £20 in mixed change sat on the side.
 
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