The number of fake £1 coins in circulation now stands at more than 30 million, according to the Royal Mint. How do you know if you’ve been given one?
That £1 coin in your pocket could be worthless.
The number of fake pound coins in circulation has doubled in the past five years and one in every 50 is now counterfeit.
It’s illegal to make or use counterfeited coins and the Royal Mint says people must hand them in if they think they have one. But how can you tell?
It all depends on the quality of the counterfeit, but key signs include a poorly defined ribbed edge, the wrong typeface and an indistinct design or bust of the Queen. A fake can also be slightly different in colour.