Number of fake £1 coins DOUBLES in 5 years!

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aaamusements
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Number of fake £1 coins DOUBLES in 5 years!

Postby aaamusements » Mon Sep 22, 2008 6:50 pm

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minmac
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Postby minmac » Thu Nov 06, 2008 2:50 am

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be especially careful of this when playing in arcades. I have heard that people with a load go into arcades play a machine then pocket the real coins and swap the fake ones for notes in the arcade. The arcade then instead of keeping them hands them back to another customer changing a note, knowing for instance that if a coin wont feed into a machine then only around 40% of people ask for the coin to be swapped, the rest just stick it in their pocket. If you do come across an unusual amout of coins in arcades that dont feed swap them.

x x x

aaamusements
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Postby aaamusements » Thu Nov 06, 2008 11:33 am

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Some arcades even (allegedly) fill up the hoppers with any fakes that they get, as they will be paid out fine even if they are not accepted again by the coin mechs.
If a punter gets a small win and doesn't change it up, it's a good way to get rid of a few...

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Postby Dave » Thu Nov 06, 2008 12:07 pm

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I once played in Charnock Richard service station on the M6, think it was a hi-li sumo IIRC, anyways i played for the streak and ended up banking £90, hit collect and out popped 90 washers!!

I was livid, went to the manager and he said a few lads have been hitting services all over the country, filling machines with washers and taking out the real quids, he said there was nothing he could do for me but he would turn a blind eye if i wanted to play them back in a different machine in the hope of winning some real money back :shock:

aaamusements
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Postby aaamusements » Thu Nov 06, 2008 8:44 pm

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How were washers getting accepted through the coin mechs though? That shouldn't be possible! :shock:

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Postby Dave » Thu Nov 06, 2008 11:11 pm

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They were pretty much the same thickness and size as a £1 coin but they had holes straight through the middle, presumable they were designed for the purpose of conning machines.

aaamusements
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Postby aaamusements » Thu Nov 06, 2008 11:54 pm

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You should have kept one for reference! :lol:

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Postby Dave » Fri Nov 07, 2008 12:15 am

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Probly quite easy to do with the right tools actually, still not worth risking fraud charges though :roll:

aaamusements
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Postby aaamusements » Fri Nov 07, 2008 12:24 am

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Indeed. It's a bit like the certain African coin that is exactly the same stamp as an English £1 coin... goes through mechs just the same! :shock:

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Police seize 4 million counterfeit £1 coins in freight conta

Postby aaamusements » Thu Jan 03, 2013 12:05 am

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Earlier this year!

More than four million counterfeit £1 coins have been seized by police in the biggest haul of its kind.

Most of the coins were discovered in a 40ft freight container while smaller amounts were recovered from three addresses in Enfield, Hertfordshire and Essex.

About four million of the coins were blank having not yet been stamped. A further 107,000 had been completed and were ready to be put into circulation.

Three men were arrested in connection with what police have described as an “industrial scale” counterfeiting operation.

On Thursday night the men, aged 52, 43 and 27, were being held at a North London police station on suspicion of a range of offences including production of counterfeit monies, money laundering and fraud.

Det Insp Bruce South of the Met’s Project Team said: “This seizure is a significant blow to the network behind it; individuals clearly intent on undermining the UK monetary system by producing counterfeit currency on an industrial scale.

“It is yet another example of the work this team is carrying out on a daily basis to tackle organised criminal networks.”

There are about 1.5 billion pound coins currently in circulation.

It is estimated that as many as three per cent of them are counterfeit.


Source: http://www.telegraph.co.uk/news/uknews/crime/9288933/Police-seize-4-million-counterfeit-1-coins-in-freight-container.html


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