Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Discovery of largest ever stash of fake Euro coins sparks fears £2 coin could be next

The euro coin and the £2 have a similar, bi-metallic, look

Kashmira Gander
Wednesday 24 December 2014 21:35 GMT
A £2 coin
A £2 coin (Peter Macdiarmid/Getty Images)

The discovery of the biggest haul of counterfeit coins in the history of the euro has sparked fears that the £2 coin could soon also be forged in China.

The bi-metallic £2 coin, with its golden rim and silver centre, was thought to be more difficult to fake than pennies, or widely forged £1 coins.

However, a major seizures of €500,000 worth of fake euro coins from China by Italian police has sparked concerns that forgers could next turn their skills to the £2 coin, which has a similar colouring to the €1 coin.

Italian detectives were inspecting metal pipes in the port of Naples when they discovered the hoard of forged coins - the biggest seizure of fake coins in European history, The Times reported.

A Lithuanian one euro coin (Getty/AFP) (AFP/Getty)

Investigators believe that the coins are of such a close match to real euros, that they could cost businesses thousands in lost revenue, as they are likely to be accepted in vending machines.

A forgery investigator told The Times that police forces do not generally prioritise counterfeit coins due to their relatively low value, adding that forged goods often follow a route from China via Italy.

But spokesman for the Royal Mint told the newspaper that forgers would require highly sophisticated equipment to replicate the £2 coin, and the coins are not yet thought to be commonplace.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies


Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in