Research has found that approximately two per cent of British pound coins in circulation are counterfeit, since the number of fake £1 coins has doubled in the past five years. This means approximately 30 million of these fake coins are currently in circulation. The Euro has considerably fewer counterfeit coins in circulation than the British pound Despite these large increases, the Royal Mint has claimed that these figures show "a comparatively low incidence of counterfeit coins by international monetary standards." Other people, however, disagree with the mint's assessment.
Research has found that approximately two per cent of British pound coins in circulation are counterfeit, since the number of fake £1 coins has doubled in the past five years. This means approximately 30 million of these fake coins are currently in circulation. The Euro has a considerably lower percentage of counterfeit coins in circulation than the British pound Despite these large increases, the Royal Mint has claimed that these figures show "a comparatively low incidence of counterfeit coins by international monetary standards." Other people, however, disagree with the mint's assessment.
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