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Money: Counterfeit Coins

House of Lords written question – answered on 14th December 2011.

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Photo of Lord Myners Lord Myners Labour

To ask Her Majesty's Government what percentage of the pound coins in circulation in the United Kingdom they estimate to be forged.

Photo of Lord Sassoon Lord Sassoon The Commercial Secretary to the Treasury

The most recent survey completed by the Royal Mint found that its sample contained a £1 coin counterfeit rate of 2.94 per cent.

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