A local store owner posted photos of the bogus coins on social media to raise awareness; Sault police confirm that fake toonies have been found in the city
A local store owner was going through the change in his cash register when he came across a two dollar coin that didn't quite look right.
Turcotte said he will often look closer at any 2012 two dollar coin because the Royal Canadian Mint changed the design up mid-year and added security features. As a result, some 2012 toonies are more rare and can sell for higher than two dollars to collectors. In the same way, Turcotte said the counterfeit coins don't seem like they would hurt, but enough of them coming through the till could have a disastrous effect on a small business.
"It is a cash loss, and the business must pay employees and the suppliers who were part of the transaction," said Ring. "These criminals are getting more sophisticated as they apply new technology to their schemes."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Kyle did an unbelievable job': Sault's Dubas celebrates first-round winBorn and raised in Sault Ste. Marie, Leafs general manager reacted like a die-hard fan after Saturday night's historic win; 'He deserved to have this result'
Read more »
I-500 property across the river on track for major upgrades$150,000 grant awarded to Sault Ste. Marie Convention and Visitors Bureau; 'It's a great opportunity. I have butterflies in my stomach'
Read more »
Up to 80 km/h winds possible north of the Sault todayWinds are expected to diminish later tonight or Tuesday morning, Environment Canada says
Read more »