Author Topic: Is there a need to redesign 1 and 2 coins?  (Read 653 times)

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Offline Pabitra

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Is there a need to redesign 1 and 2 coins?
« on: December 13, 2014, 04:41:47 PM »
The 1 and 2 Euro coins appear to have outlived the security defined age. The are now being counterfeited by technology available to other countries.


See

http://www.reuters.com/article/2014/12/12/us-italy-counterfeit-euro-idUSKBN0JQ1TI20141212


Should the ECB plan to redesign these coins as UK is doing for its 1 Pound coin?

Online Figleaf

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Re: Is there a need to redesign 1 and 2 coins?
« Reply #1 on: December 16, 2014, 03:01:10 AM »
Last time I saw stats for counterfeit euro coins, the numbers were pretty low. By contrast, UK pound fakes were getting worrisome. Mind that availability of technology is not so relevant. There are some good examples of hilarious pound coin imitations on this site that nevertheless circulated.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Offline chrisild

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Re: Is there a need to redesign 1 and 2 coins?
« Reply #2 on: December 16, 2014, 10:40:16 AM »
Here is a video (footage type) from the Carabinieri about this case. Starts with sirens, so don't play this loud at night if you have neighbors. ;) Posted a link to the police press release last week, see here. But that I just added to an existing one, so it may not have been that "visible". As mentioned before, it is not the ECB's job to design or redesign the euro coins, but they could make suggestions to the European Commission if things get bad ... The EU already reacted (not to this particular case but some time before), and banks are now required to check the authenticity of submitted coins. However, we are indeed dealing with relatively low figures here.

Christian