Counterfeit one pound coins have been flooding the U.K. Here's a report of a recent raid on an operation targeting
POLICE have smashed a forgery gang who planned to flood London with thousands of fake £2 coins during the
Officers raided a makeshift factory where it is alleged crooks were churning out up to 1,000 counterfeit coins a
Cops suspect the forgers were planning to circulate the fakes during the Olympics - when the capital will welcome
millions of extra visitors.
City of London Police found a smelting machine, ingots of metal and moulds for £2 and £1 coins in a
rented room in an office block. Just 300 yards away, officers also raided a scrapyard hidden behind a wall of tyres
where the coins were coloured with gold spray paint.
A total of £2,000 in finished fakes was seized in Canning Town, East London. Three suspects were arrested.
Det Chief Insp Dave Evans, who led the operation, said: "With the set-up they had they could keep producing
at a very steady rate - it's just a matter of putting in the hours.
"Time literally was money in this case. The coins look like the real thing at a glance and they will have got
the weight more or less spot-on through trial and error.
"It really is a cottage industry. The electricity voltage needed to run the machines is no more than to boil a
kettle. It won't have made much noise and could have been done around the clock."
It took just minutes at a time to make 12 coins which were then sprayed gold. Commander Ian Dyson, of City of London
Police, said: "We know criminals have targeted £1 coins. What we've not seen so much of is criminals trying to
make £2 coins - probably because they're more difficult to produce.
Experts say fake £1 coins can seem more shiny and the lettering on the edge may be uneven.
These are miserable-looking fakes - hard to imagine it would be difficult to tell them from the real McCoy, but to a public not paying close attention, I guess they look close enough. Check out the complete article for more images.
To read the complete article, see:
Counterfeit coin con cracked
Wayne Homren, Editor
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