What stops counterfeiters from making fake coins?
Coins look easy to counterfeit because they are just pieces of metal - there are no anti-counterfeiting features like those found in U.S. paperback cash.
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Simple because it costs more for the material than the coin is worth.
because they aren’t worth it.
The cost of metal is often more expensive than the value of the coin.
It could probably be done, I would imagine, but I am sure in the eyes of a counterfieter coins are most likely not worth the prison sentence.
Mostly they’re just not worth it. Considering what it costs to make them, and the danger if you’re caught, the coins are just not valuable enough to go to the trouble.
The cost of the metal and small denomination make it uneconomical to produce credible counterfeits of coins, unless they are rare coins.
However, ‘slugs’ or ‘tokens’ of various types are often used to fool vending machines and slot machines, causing vending machine manufacturers and casinos to increase the countermeasures used to check for them.
Counterfeiting of currency is a federal offense punishable by up to 20 years imprisonment (at one time punishable by death). The penalty could be the same for counterfeiting pennies as hundred dollar bills, so criminals tend to gravitate towards the highest denomination in general circulation. Counterfeiting tokens is not a federal offense, unless the tokens cross state lines.
Nothing. You can fake all kinds of antique coins and sell ‘em on EBAY.
Lack of profit margin.