The number of counterfeit euro coins increased in 2007 by 29% over 2006. The European Commission reported 211,000 counterfeit coins were pulled from circulation by authorities compared to 163,800 in 2006.
The coin counterfeited the most was the 2-euro, which accounted for over 85% of the total.
Overall, approximately 585,000 counterfeit coins have been take out of circulation since the use of euro coins began back in 2002. Although the numbers would seem to appear alarming, the European Commission points out several positive factors:
- The rate of increase slowed compared to 2006
- The counterfeit coins are a small percentage of the 75 billion genuine euro coins in circulation
- The total in fake euro coins discovered is actually less than what participating countries experienced before the euro
Counterfeit Euro Coins by Year and Denomination