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To ask the Chancellor of the Exchequer what estimate he has made of the number of counterfeit £1 coins currently in circulation.
[157875]
To ask the Chancellor of the Exchequer what estimate he has made of the number of counterfeit £1 coins currently in circulation.
[157875]
The Royal Mint regularly conducts surveys to estimate the level of counterfeit £1 coins in the UK. A survey undertaken in November 2012 estimated there to be around £40 million counterfeit £1 coins in circulation.
Provisions for various offences connected with the counterfeiting of coins are included in the Forgery and Counterfeiting Act 1981. Enforcement of these provisions is a matter for law enforcement agencies, such as the police, Serious and Organised Crime Agency and the Crown Prosecution Service.