I’m not sure whether I’m just particularly unlucky when it comes to being passed counterfeit pound coins, or whether I just happen to notice them more often. Either way, the amount of dodgy one pound coins in circulation must be enormous (1% I’m told).

Anyway, how do you spot them? Well here’s a few good examples of bent coins. It’s easier than you might think, as fortunately counterfeiters aren’t the sharpest tools…

Example #1:

 (click on image for larger version)

As far as crooked £1′s go, this is pretty good and will easily pass as real from a ‘quick glance’. The front and back have been stamped centrally and clearly and the colour is good.

It’s much harder to achieve a readable edge inscription “DECUS ET TUTAMEN” though and it’s this that gives this coin away as being fake when inspected more closely. The inscription is half missing, not centred correctly and the coin is only 80% milled.

The year on the front of this coin is 1996. The reverse for this year should be a Celtic cross. Oops! Those not so clever fakers have stamped a Rampant Lion from 1994′s pound coin on the back.

Example #2:

In contrast to the previous example, it’s the colour on this coin that tips you off to it being a fake. I’d imagine that when this coin was freshly counterfeited, it was a pretty good copy. A few years in circulation and the signs of wear give it away now though. But, the fakers aren’t really going to give a toss if it doesn’t stand the test of time, are they.

As you can see from the picture, the silver of the metal below is blatantly showing. You can see on the reverse where I’ve scratched off the ‘gold top coat’ with my fingernail! When compared against a real pound coin, this fake is also very slightly too large and misshapen. Doh! You’d have trouble passing this bad boy through a vending machine then.

Example #3:

The texture of the front of this coin just looks wrong. It has a ‘sprayed’ look, which probably doesn’t come across that well in the picture. Both front and back are centrally stamped, but the edge inscription is of very poor quality and is only partially milled. The reverse Celtic cross isn’t as clear as it should be and is obviously lacking in any detail. When compared to a genuine £1 coin, it’s again very slightly too big.

Having said that, it’s another fairly good copy and could easily be passed off.

Quite remarkedly, the year, edge inscription and reverse picture again all tie up. It’s unbelievably common for them to not match, as you’ll see…

Example #4:

The face on this fake isn’t quite centrally stamped. The edge is 90% milled. The quality of the lettering on the face stamp isn’t marvellous.

As you can see, the face is stamped 1992 and “DECUS ET TUTAMEN” is stamped around the edge. The reverse shows a thistle sprig in a coronet. Doh!! Those pesky fakers have got it wrong again. 1992 was an oak tree in a coronet!

Anyway, that’s enough dodgy pounds for now… more another time!

Part two and part three.