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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 Monday, 24 October 2011 on behalf of the Treasury.


Money: Counterfeit Manufacturing

Question
To ask the Chancellor of the Exchequer what the face value was of counterfeit coins removed from circulation in each year since 1997.
Answer

The following number of counterfeit £1 coins have been returned to the Royal Mint:

Total withdrawals
2003-04 85,000
2004-05 117,500
2005-06 84,500
2006-07 153,800
2007-08 97,000
2008-09 891,956
2009-10 1,973,000
2010-11 1,845,766
2011-12 (to 30 September) 1,376,436

The Treasury does not have figures on withdrawals prior to 2003, when the counterfeit rate was estimated to be less than 1%.


Secondary information

Type
Written question
Reference
74486; 534 c22-3W
Session
2010-12
Subjects
Coinage Forgery
Contains statistics
Yes
Link
View this Written question on www.publications.parliament.uk