May 18, 2022

The Queens County Citizen

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10,000 counterfeit $ 2 coins seized in Canada

10,000 counterfeit $ 2 coins seized in Canada

The Ontario man was charged after being found in possession of about 10,000 counterfeit $ 2 coins in circulation in Canada.

The Royal Canadian Mint is reported to have launched an investigation in the summer of 2021 after discovering “an ongoing counterfeit currency issue through its random sampling process”, CTV News reported Monday.

The RCMP said it had arrested 68-year-old Dixieong Hi, a native of Richmond Hill, on charges of telling and possessing counterfeit money.

Police said the RCMP seized about 10,000 counterfeit coins, but counterfeit coins may still be in circulation.

According to police, small details of the bear’s feet on the counterfeit coins have been altered. Their main feature is to have a “split toe” on the right front piece of the polar bear, which resembles a “claw”.

“The unique features of the Canadian circulation coins have made them the safest in the world and it has been possible to quickly identify and remove these counterfeit coins from circulation,” said James Malizia, Vice President of Security at the Royal Canadian Mint. , In a statement on Monday. The Royal Canadian Mint will continue to work with financial institutions and the RCMP to ensure the integrity of Canada’s coin supply. “

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