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Written question asked by Andrew Rosindell (Conservative) on Monday, 12 July 2010, in the House of Commons. It was due for an answer on Wednesday, 14 July 2010. It was answered by Justine Greening (Conservative) on Thursday, 22 July 2010 on behalf of the Treasury.


Coinage: Forgery

Question
To ask the Chancellor of the Exchequer what his most recent estimate is of the number of counterfeit (a) £1 and (b) £2 coins in circulation.
Answer

The most recent survey conducted by the Royal Mint found that its sample contained a £1 coin counterfeit rate of 2.81%, or approximately £41 million.The Royal Mint does not currently undertake regular surveys for other denominations. It is widely believed (by the Royal Mint, the Serious Organised Crime Agency and industry partners) that there is not a significant counterfeit issue with any other denominations.


Secondary information

Type
Written question
Reference
8862; 514 c516-7W
Session
2010-12
Subjects
Coinage Forgery
Link
View this Written question on www.publications.parliament.uk