Counterfeit toonies are cropping up in Canada at a rate that is more than doubling every year, Statistics Canada data show. From 1,300 fake $2 coins reported in 2019, there were 28,666 last year. That’s a 22-fold increase over four years in the number of counterfeit toonies deemed to have passed into circulation or been seized before they made it into general circulation. Counterfeit coins expert Mike Marshall says this is only the tip of the iceberg. The reality of counterfeit coins in Canada is much, much worse, he maintains. Continue reading →
The toonie on the right has an Mint mark and an oversized Queen’s nose. On the left, “CANADA” should say “DOLLARS,” and the “$” should be “2.” (Photos submitted)
