In 2017, England Will Try To Stop An Ancient Tradition
Saturday, April 12, 2014 - 22:31
in Paleontology & Archaeology
In 2017, the British will introduce a new coin that should be difficult to counterfeit. The last time a Queen Elizabeth sat on the throne they tried the same thing, to deter “divers evil persons” from damaging the reputation of English coinage and, with it, the good name of the nation. And they tried it plenty of times since. And before.As long as there has been money, there has been counterfeiting. Today, the Royal Mint estimates retailers lose about $25 million a year due to counterfeits and up to 3% of their £1 coins are fake. read more