1-2 of 2 results for subject:Forgery
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To ask the Chancellor of the Exchequer what estimate his Department made of the annual level of fraud involving the existing one pound coin in order to inform the decision to introduce a new style coin.
To ask the Chancellor of the Exchequer what estimate his Department made of the annual level of fraud involving the existing one pound coin in order to inform the decision to introduce a new style coin.
At Budget the government announced that it will introduce a new and highly secure £1 coin.
According to Royal Mint estimates counterfeiting of the £1 coin has been on an upwards trend for the past decade. The latest data shows an increase in the counterfeiting rate to 3.04%. This data is based on a survey undertaken in November 2013. Further information can be found at:
www.royalmint.com/discover/uk-coins/counterfeit-one-pound-coins
To ask the Chancellor of the Exchequer what information his Department provides to the public on identification of (a) counterfeit coins and (b) new coinage brought into circulation.
To ask the Chancellor of the Exchequer what information his Department provides to the public on identification of (a) counterfeit coins and (b) new coinage brought into circulation.