CHINESE FORGERS TARGET BIMETALLIC COINS

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V17 2014 INDEX E-SYLUM ARCHIVE

The E-Sylum: Volume 17, Number 53, December 28, 2014, Article 18

CHINESE FORGERS TARGET BIMETALLIC COINS

Bimetallic coins have been regarded as more secure because they are more difficult to manufacture. But Chinese forgers may have cracked the code. This article from The Times discusses the seizure of a shipment of nearly perfect bimetallic fakes. -Editor

The security of the £2 coin is under threat from a Chinese criminal gang which has mastered the intricate engineering techniques that lie behind its manufacture.

The Shanghai-based outfit has worked out how to produce near- perfect copies of bi-metallic coins — such as euros and the £2 piece — and has been flooding Europe with high-quality counterfeits.

In September, Italian police seized a shipment of fake euro coins with a face value of €500,000 hidden inside a consignment of metal pipes in the port of Naples.

The single seizure far outstripped the number of counterfeit coins seized across the European Union.

To read the complete article (subscription required), see:
Chinese forgers create ‘perfect’ £2 coins (www.thetimes.co.uk/tto/news/uk/article4306100.ece)

Wayne Homren, Editor

The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.

To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

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