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Written question asked by Andrew Rosindell (Conservative) on Tuesday, 11 October 2011, in the House of Commons. It was due for an answer on Thursday, 13 October 2011. It was answered by Chloe Smith (Conservative) on Wednesday, 26 October 2011 on behalf of the Treasury.


Money: Counterfeit Manufacturing

Question
(2) what recent estimate he has made of the face value of counterfeit coins in circulation.
Answer

The most recent survey conducted by the Royal Mint found that its sample contained an estimated £1 coin counterfeit rate of 2.94%, or approximately 45 million £1 coins.The Royal Mint does not currently undertake regular surveys for other denominations. The Royal Mint, the Serious Organised Crime Agency and industry partners do hot believe that there is a significant counterfeit issue with any other denominations.


Secondary information

Type
Written question
Reference
74485; 534 c232W
Session
2010-12
Subjects
Coinage Forgery
Link
View this Written question on www.publications.parliament.uk