So why is the £20 the most faked note in Great Britain?
March 11, 2018 4:52pm CST
In the United Kingdom we have a £5, £10, £20 and £50 notes. In the United States they have $1,$2 $5, $10, $20 and $50 and $100 notes in circulation. I do not wish to discuss the Europe although they have similar denominations. The Royal Mint that makes our money estimated that about %2.5 of £1.6 billion of our old One pound coins were fake/copies, why they introduced a non round more sophisticated 12 edged coin to replace it. If you are interested it cost 4 pence in machinery and materials to make a modern one pound coin and 7 pence to make the new plastic 5 and 10 pound notes. But my question for you today is why is the twenty denominations of the dollar, Euro and British pound note the most counterfeited note of these three currencies?
4 people like this
• Northampton, England
@pgntwo IF You hand over a fake £50 then staff become wary and more likely to check it. If you hand over a twenty pound note they are less likely to check it out but, more importantly, fakers buy something for 50p and get a legit £19,50 in change. That is why