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More Counterfeit Info

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Pillar of the Community
Kyra's Avatar
United States
867 Posts
 Posted 03/23/2005  8:20 pm Show Profile   Bookmark this topic Add Kyra to your friends list Get a Link to this Message Number of Subscribers
All right- since I've gotten requests to share what I've learned- how 'bout a little Did You Know about counterfeit currency?

I knew that each denomination except for the $1 and $2 have a security strip in them that is in a specific location for each denomination, but did you know that each bill's strip glows a different color under a black light? I didn't!

90% of all counterfeit currency is simply run off on a copier. There's an easy way to check these bills- put some water on them. The ink will run and the paper will melt. Got to see this one in action- really cool!

The city I live in has about 200000 people in it, and about $3000 to $5000 in counterfeit currency is confiscated every month! There's more out there than you might think!

There's a guy running a major operation right here in Indiana who is doing the same thing ND described in the other thread. He's washing $1's and reprinting them (using basically the same printing press that newspapers are done on) as $100's. These bills are so good it's scary. The main things that give them away is that the watermark is the wrong color, the security strip isn't right, and the paper feels a little too stiff. The bills are coming in from South America, which is a major source of those 10% of bills that aren't just copier paper. He's somehow getting them up here and passing them off all over the state.

Iraqi currency is the same paper composition as US currency, and someone out there is washing those bills and reprinting them as $100's. When you go to check the watermark on these bills, instead of Franklin, there's a horse! We also saw a $100 with Ben sticking his tongue out on the watermark.

Don't rely on those counterfeit dectecting pens to tell you if a bill is legit. I always cringe when I see a cashier using one of those. If the bill is too old (pre-1963) the paper composition won't react the right way with the pen. Also if the bill has any grease on it the pen won't work. The pens are basically iodine, and they react with the starch in the paper. Those washed $100's I saw- every one of them had a mark from those pens that showed they were real.

If I think of anything else, I'll post it here. If anyone has any questions about fake bills, ask away! I'll see if I can help!

Rachel [:p]
Pillar of the Community
ndgoflo's Avatar
United States
626 Posts
 Posted 03/23/2005  8:24 pm  Show Profile   Bookmark this reply Add ndgoflo to your friends list Get a Link to this Reply
Great thread Kyra! Very informative!!
Pillar of the Community
United States
2724 Posts
 Posted 03/23/2005  8:48 pm  Show Profile   Bookmark this reply Add national dealer to your friends list Get a Link to this Reply
Very good Kyra. The best counterfeiters know the paper and that is why they use real money. Most people who handle currency on a regular basis get a feel for the paper and can spot fakes pretty easily. The secret service along with other law enforcement hate the pens used by cashiers. What they do is look for specific markers to identify the proceedure used to create the bill. When I look at currency suspected of being counterfeit, the first thing that I look for are the red and blue threads inbedded in the paper. Then look for the watermark and thread if a newer bill. Also the feel of the paper is important. Hold the bill up to a light to look for the folds and creases. Ultraviolent lights are a great tool used by many of the currency dealers. They sell small units used by some banks.
One other neat little thing to look for on new bills is the changing color of the demoniation in the lower right hand corner. Color copiers cannot mimic this feature. On older bills, the paper is slightly different, but still stand up to the threads in the cotton and the ink colors.
It is that knowledge that stops counterfeiters.
Pillar of the Community
Kyra's Avatar
United States
867 Posts
 Posted 03/24/2005  7:46 pm  Show Profile   Bookmark this reply Add Kyra to your friends list Get a Link to this Reply
The feel of the paper is the biggest thing as far as I'm concerned. Even the really good counterfeits that I saw at the seminar were just a bit off. Watermarks can be faked well enough to pass a "quick glance" inspection, and I even saw a decent impression of the security strip. The one thing that stood out the most was the feel of the paper. I can't describe it, it's just something that you learn. Nothing feels exactly like genuine, un-fooled around with US currency, no matter how old or new it is. After 5+ years at the bank, I should know what it feels like!

Rachel [:p]
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