Waterloo man facing charges connected to Niagara Region counterfeit coin investigation

A Waterloo, Ont., man is facing a pair of charges after allegedly selling a counterfeit 50-cent coin to a seller in Niagara Region, according to police.

Investigators say they began the probe in January after a December transaction was deemed fraudulent when a rare 1921 Canadian coin was discovered to be fake.

“Depending on its condition, the value of this coin can far exceed the value of $25,000,” Niagara Regional Police said in a release.

“Upon receiving the coin from the seller, the coin was determined to be counterfeit.”

The 61-year-old accused was arrested on Tuesday and is facing charges of fraud over $5,000 and counterfeiting.

He was released on a promise to appear at a future date.

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