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A comment on The new £1 Coin. Parent comment

Re:The new £1 Coin by pja on Monday March 27, 2017 @05:46AM (#13966262)
Nah, the fakes are fairly obvious once you know what to look for.

It doesn’t really matter so long as they circulate like other currency though. Money is weird.

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Re:The new £1 Coin by pjc50 on Monday March 27, 2017 @07:28AM (#13966761)
Somalia spent years accepting fakes as real, because there was no "real" government: http://jpkoning.blogspot.co.uk/2017/03/bringing-back-somali-...

(Price fell to roughly the cost of production)

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Re:The new £1 Coin by nicky0 on Monday March 27, 2017 @06:23AM (#13966440)
You could call it an unofficial form of Quantitive Easing.
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Re:The new £1 Coin by OJFord on Monday March 27, 2017 @12:59PM (#13969447)
> It doesn’t really matter so long as they circulate like other currency though.

Except that it's all profit for the criminals counterfeiting them.

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Re:The new £1 Coin by ojr on Monday March 27, 2017 @03:26PM (#13970853)
it cost money to make money though so not all profit
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Re:The new £1 Coin by OJFord on Wednesday March 29, 2017 @09:17AM (#13985878)
Sure. I don't see what that changes though - my point is that counterfeiting is profitable for the (criminal) counterfeiters, so it's not the case that it "doesn't really matter".
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