How to spot a fake pound coin

POUND COINS... but can you spot a fake?

The new-look pound coin, announced today

First published in News
Last updated
This Is Lancashire: Photograph of the Author by , reporter

WITH about 45 million fake pound coins in circulation and a suspected counterfeiter on the loose in Bolton, we have put together a handy guide on how to spot a forgery.

It comes as chancellor George Osborne announces that a new £1 coin, designed to help reduce counterfeiting, will be introduced in 2017.

Mr Osborne revealed plans to introduce the new coin — billed by the Royal Mint as "the most secure coin in the world"— in his budget statement to the House of Commons.

In the meantime, check the pound coins in your own wallet and look for these tell-tale signs of a fake:

  • The date and design on the reverse do not match (the reverse design is changed each year).
  • The lettering or inscription on the edge of the coin does not correspond to the right year.
  • The milled edge is poorly defined and the lettering is uneven in depth, spacing or is poorly formed.
  • The obverse and reverse designs are not as sharp or well defined.
  • Where the coin should have been in circulation for some time, the colouring appears more shiny and golden and the coin shows no sign of age.
  • The colour of the coin does not match genuine coins.
  • The orientation of the obverse and reverse designs is not in line.

Comments (11)

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4:20pm Wed 19 Mar 14

I, Ludicrous says...

OK, so which design and what lettering goes with which year?
OK, so which design and what lettering goes with which year? I, Ludicrous
  • Score: 16

5:31pm Wed 19 Mar 14

Owd,un says...

Well that information was useful! I feel much more informed now
Well that information was useful! I feel much more informed now Owd,un
  • Score: 8

5:38pm Wed 19 Mar 14

bigbob123 says...

Dave Whelan could spot a fake and thats with a broken leg too
Dave Whelan could spot a fake and thats with a broken leg too bigbob123
  • Score: 5

6:35pm Wed 19 Mar 14

wild one says...

Owd,un wrote:
Well that information was useful! I feel much more informed now
J feel much better. poor reporting again.
[quote][p][bold]Owd,un[/bold] wrote: Well that information was useful! I feel much more informed now[/p][/quote]J feel much better. poor reporting again. wild one
  • Score: 6

7:33pm Wed 19 Mar 14

Beyond News Forum says...

Good way of informing the forgers of there mistakes. Hats off to the BN again.
Good way of informing the forgers of there mistakes. Hats off to the BN again. Beyond News Forum
  • Score: 0

7:34pm Wed 19 Mar 14

Beyond News Forum says...

BTW ALL money is fake and fictitious.
BTW ALL money is fake and fictitious. Beyond News Forum
  • Score: -1

8:27pm Wed 19 Mar 14

BWFC71 says...

Beyond News Forum wrote:
BTW ALL money is fake and fictitious.
Not quite as all money (notes and coins) are just Bank of England IOU's, especially with the wording "Promise to pay the bearer"
[quote][p][bold]Beyond News Forum[/bold] wrote: BTW ALL money is fake and fictitious.[/p][/quote]Not quite as all money (notes and coins) are just Bank of England IOU's, especially with the wording "Promise to pay the bearer" BWFC71
  • Score: -19

10:41am Thu 20 Mar 14

NOTnewsworthy says...

and what are you supposed to do with these fake coins?
and what are you supposed to do with these fake coins? NOTnewsworthy
  • Score: 0

10:48am Thu 20 Mar 14

Boltonresident2012 says...

NOTnewsworthy wrote:
and what are you supposed to do with these fake coins?
I have a sneaking suspicion that more than a few people would pass them on asap ...
[quote][p][bold]NOTnewsworthy[/bold] wrote: and what are you supposed to do with these fake coins?[/p][/quote]I have a sneaking suspicion that more than a few people would pass them on asap ... Boltonresident2012
  • Score: 1

10:50am Thu 20 Mar 14

Boltonresident2012 says...

Beyond News Forum wrote:
Good way of informing the forgers of there mistakes. Hats off to the BN again.
Although I am not the no 1 fan of the editorial team, this feels a bit harsh - it's been on the BBC site already so they are only really picking up on that
[quote][p][bold]Beyond News Forum[/bold] wrote: Good way of informing the forgers of there mistakes. Hats off to the BN again.[/p][/quote]Although I am not the no 1 fan of the editorial team, this feels a bit harsh - it's been on the BBC site already so they are only really picking up on that [hope you remember this guys next time you pull one of my comments :)] Boltonresident2012
  • Score: 3

1:01pm Thu 20 Mar 14

cliff4treasurer says...

And it's 6 inches across.
And it's 6 inches across. cliff4treasurer
  • Score: 0

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