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American 18th–19th century iron copyright coin mold for creating fake Spanish milled dollars and U.S. 50 percent dollars Counterfeiting has transpired so routinely in historical past that it has been known as "the whole world's 2nd-oldest job".[5][6] Coinage of money started from the location of Lydia in Asia Minimal close to 600 BC. Ahead of the introduction of paper money, quite possibly the most widespread means of counterfeiting concerned mixing base metals with pure gold or silver.

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King Philip the Honest of France (1268–1314) brought about riots and was often known as "the counterfeiter king" for emitting coinage which was debased when compared with the specifications that had been commonplace in the course of the 50 %-century earlier to his reign.