Are really 3% of all 1 pound coins counterfeit or is this just a case of Gresham... | Hacker News

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		danieltillett on March 22, 2014 \| parent \| context \| favorite \| on: How does the authentication in the new UK £1 coin ... Are really 3% of all 1 pound coins counterfeit or is this just a case of Gresham's law http://en.wikipedia.org/wiki/Gresham's_law

bbosh on March 22, 2014 | [–]

Yes, I did an experiment tracking which coins I had were fake. I found 10 out of 200.

quasque on March 22, 2014 | [–]

Gresham's law doesn't apply as it's ~3% of £1 coins in circulation, not of all.

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