What is the value of a counterfeit coin?

As a financial and cryptocurrency practitioner, I must inquire about the concept of a counterfeit coin in this digital era. Surely, a counterfeit coin in the traditional sense holds no intrinsic value beyond its physical material, as it lacks the authenticity and legal tender status of an official currency. But how does this translate in the realm of cryptocurrency? A counterfeit coin in the crypto world would essentially be a fraudulent token, purporting to be a legitimate digital asset yet lacking the underlying blockchain verification and community consensus. Hence, I pose the question: What is the true value of a counterfeit coin in this digital context? Is it merely a collection of digital code devoid of genuine worth, or does it possess some elusive yet nefary value in the hands of those seeking illicit gains?