€556,000 worth of fake euros from China found in Italy: Afternoon Report

Coin World gives you a quick look at what's going on in the world of numismatics
By , Coin World
Published : 12/12/14
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1. 'Shanghai Money' seized

More than 300,000 fake 1- and 2-euro coins meant to imitate approximately €556,000 have been seized by Italian police in Naples, according to a Reuters report

The counterfeit money was minted in China. 

"Palermo prosecutor Calogero Ferrara, who led the so-called 'Shanghai Money' investigation, told reporters that this was the largest such seizure in the history of Europe's common currency, which began circulating in 2002," the report reads.

More on Chinese counterfeits: 

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