Crossword Genius

Fraudster or token female? Either (not hard!) (13)

Ross

I believe the answer is:

counterfeiter

I'm a little stuck... Click here to teach me more about this clue!

'fraudster' is the definition.
I can't tell whether this defines the answer.

'token female? either not hard' is the wordplay.
'token' becomes 'counter' (counter can mean a token or chip).
'female?' becomes 'f' (abbreviation).
'not' suggests deleting specific letters.
'hard' becomes 'h' (abbreviation used in pencil classifications).
'either' with 'h' taken away is 'eiter'.
'counter'+'f'+'eiter'='COUNTERFEITER'

'or' acts as a link.

Can you help me to learn more?

(Other definitions for counterfeiter that I've seen before include "Forger" , "person making money illegally" .)

I've seen this clue in The Times.
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