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Counterfeit - 1 Pound - Elizabeth II 2000 4th portrait; Welsh Dragon

Issuer United Kingdom
Year 2000
Type Contemporary counterfeit coin
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Obverse description Fourth effigy of Queen Elizabeth II facing right, diademed and wearing the Girls of Great Britain and Ireland Tiara, as modelled by Ian Rank-Broadley. The sovereign's truncated bust occupies the central field, with the Latin legend encircling the periphery and the date appearing to the right of the effigy. The inscription includes the abbreviated royal titles in Latin. Typical of contemporary counterfeits, the portrait and lettering exhibit softness and imprecision compared to the genuine Royal Mint issue.
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Obverse lettering ELIZABETH·II·D·G REG·F·D·2000
IRB
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Additional information

The round £1 coin was the most counterfeited circulating denomination in British history by the time it was withdrawn in 2017 — the Royal Mint estimated that roughly 1 in 30 examples in circulation was fake at peak saturation. Lead-core counterfeits were among the crudest, relying on paint or brass-toned lacquer to mimic the alloy, and they betray themselves immediately on a scale. The type was replaced by the 12-sided bimetallic £1 specifically because the old format had become indefensible.

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