Every pound coin in UK could be scrapped as one in 36 is now fake

Daily Mail
"Record numbers of fake £1 coins in circulation could force the Royal Mint to scrap every one and reissue the entire denomination.The number of fakes now stands at 41million in Britain – one in every 36 coins in current use.This is an unprecedented amount and suggests that the proportion of counterfeit coins had tripled in the last decade.The situation has worsened since last year, when one in 40 £1 coins was fake.Experts and MPs said the level of fakes were so high there was now a serious risk that consumer confidence in Britain's most popular coin was becoming compromised.With increased security measures making it easier to spot counterfeit notes, the £1 coin is becoming more popular.The figures were published in a Parliamentary answer supplied by Justine Greening, the Economic Secretary to the Treasury to Andrew Rosindell, the Conservative MP."