Pre-decimal values and forged currency
Dukes gives the modern values of the listed pre-decimal currency, says denominations are adequate with a 20p coin planned, and reports no significant forgery information.
The present day values of the pre-decimal notes and coins would be as follows: £1 note, 17p; 10 shilling note, 8½p; half crown, 2p; shilling, 1p; sixpence, ½p; threepence, ¼p; I consider that the present range of denominations of coins and legal tender notes is adequate for transaction purposes and will be further enhanced by the proposed 20p coin.
I have no information on the circulation of forged currency but I am satisfied that it is insignificant. The Central Bank have informed me that they are not aware of any cases involving forged coins in recent years. In the case of legal tender notes Garda vigilance has resulted in seizures of forged £5 and £10 notes in the past two years together with the relevant printing materials.
The first coinage struck after the establishment of the State was in 1928.
