Are counterfeit pound coins actually an issue? The only real security measure they're known for is patterns / text around the rim which dates back to the days when the metal was valuable enough for people to cut slivers off to melt down while keeping the coin roughly circular.
I find it hard to believe that anyone with the inclination to break the law in such a big way, and the resources to do it, would chose pound coins as the thing to counterfeit. I could be completely wrong..?
Edit: Of course I presume I must be wrong by the fact that this coin is being introduced, I guess my question is how wrong am I - how is making fake coins worth the effort?
I find it hard to believe that anyone with the inclination to break the law in such a big way, and the resources to do it, would chose pound coins as the thing to counterfeit. I could be completely wrong..?
Edit: Of course I presume I must be wrong by the fact that this coin is being introduced, I guess my question is how wrong am I - how is making fake coins worth the effort?