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Waterloo Man Charged in Niagara Counterfeit Coin Investigation

Local collector spent $25,000 on coin determined to be counterfeit.

A Waterloo man is facing charges in connection to a local counterfeit coin investigation. 

In December, a collector in Niagara told police he believed he was purchasing a rare 1921 Canadian 50 cent coin for $25,000. 

Depending on the condition, the value of the coin can far exceed $25,000. 

Upon receiving the coin, it was determined to be counterfeit. 

Yesterday, police arrested 61 year old Jeffrey J. Thomson. 

He's been charged with Fraud Over $5,000 and Utter Counterfeit Money. 

Anyone with information on the case is asked to contact Niagara Regional Police at 905-688-4111, option 3, extension 1009487.

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