Green’s Dictionary of Slang

turner out n.

[SE turn out, to manufacture]

(UK Und.) a counterfeiter.

[UK]Hotten Dict. of Modern Sl. etc.
[UK]Hotten Sl. Dict.
[UK]R.T. Hopkins Life and Death at the Old Bailey 63: The following crook’s words and phrases date from the days of the old Old Bailey: [...] coiner of bad money – turner-out or bit-faker.