reddit nixes new subreddit advertising high-end counterfeit US dollars

$225 in bitcoins buys you $500 in rare supernotes made by one "Willy.clock."

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A 2010 paper authored by two economists at the Federal Reserve Bank of Chicago said that counterfeiting is extremely rare. “In particular, we find that an upper bound on the stock of counterfeit currency in circulation, as a share of genuine, would still be less than 3 in 10,000,” the authors wrote.

Compare that with the mess the pound coin finds itself in back home. When discussing the new version to be introduced in a few years' time, the BBC quoted the Chancellor in stating that over 3% of all such coins in circulation are forgeries:

http://www.bbc.co.uk/news/uk-politics-26632863

I'm fairly sure it's actually much higher than 3%, it is common for [mostly smaller] shop owners to run their coins through a counter that checks the weight/size. so the dodgy ones don't goto the bank and get confiscated, they go back into peoples change from the till. so a large amount are never properly accounted for and are always recirculating.

There was a bit of a hoo haa over fake pounds here a few years ago, since then it has basically become standard that some of the pounds in your pocket will be fake. (i've got 3 on me now and one of them sounds a bit dull when you tap it, so that is probably a dodgy one)

It can be a real pain in the ass when it comes to using a quid in a machine though, they seem to be over sensitive and reject most of them ime.