Euros being Faked

Many fake coin workshops seized in Italy

http://www.businessweek.com/ap/finan...e_down&chan=db

More than half of all workshops discovered making fake euro coins last year
were Italian, the European Commission said Tuesday.
"We found six coin workshops in Italy, and one we found in Spain was run by
Italian counterfeiters," EU anti-fraud official Iannis Xenakis said Tuesday.

Four other factories were discovered in Hungary, Poland and would-be EU
member Bulgaria -- none of them a country that uses the EU's single
currency. Most of the fake coins are found within the 12-nation euro area.
......

*****
Further to comments about ancient forgeries posted recently:
There's a lot more money in counterfeiting current money than there will
ever be in forging ancient coins. The reason people forge ancient coins
instead of modern money is that in many nations forging ancient coins is a
legal activity. On the other hand, counterfeiting current money of any
nation is a major crime in almost every nation except North Korea.

If it is ever possible to make undetectable copies of coins, there won't be
any incentive left to make forgeries of ancient coins.

Dave Welsh

Unidroit-L Listowner
http://groups.yahoo.com/group/Unidroit-L/

"We found six coin workshops in Italy, and one we found in Spain was run
by
Italian counterfeiters,"

Looking desperatly for fake coins... Stay tuned.

Fernando

Fernando de la Cuadra wrote:

"We found six coin workshops in Italy, and one we found in Spain was run
by
Italian counterfeiters,"

Looking desperatly for fake coins... Stay tuned.

May take a while. Let's see ... 365,000 counterfeited euro pieces have
been found since 1-Jan-2002. Last year's number was roughly 96,000. Most
of the counterfeits are "¤1" (one in five) and "¤2" (almost four in
five) pieces.

So you should focus your search on ¤2 coins. However, while about 12
billion ¤1 and ¤2 coins circulate in Euroland, there are approximately
10 million fake ¤1 and ¤2 pieces in circulation ... that is a little
less than 0.1 percent. Now try and find one g.

Christian

Now try and find one g.

I'll do, of course. I've a couple of fake coins (pesetas) and are
interesting.

Fernando