Publication Date:
Wed, 2010-07-28 01:19
Treasury figures show that one in every 36 one
pound coins is counterfeit, an increase on last year, when one in every 40 was
phony. The findings were published by Justine Greening, Economic Secretary to
the Treasury, in a parliamentary answer to MP Andrew Rosindell. "This has
a huge effect on confidence in our currency. Clearly the one pound coin is
something the Royal Mint needs to reconsider", said Rosindell. Robert
Matthews, the former Queen's Assay Master at the Royal Mint and the most senior
coin tester in the country, agreed: "If the number of fakes keeps
increasing at this rate, there will have to come a point when the Treasury
makes the decision whether to remint or not."
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