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Man Used A Fake $2 Bill, Authorities Say

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SilverRoosevelt's Avatar
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917 Posts
 Posted 11/18/2014  2:27 pm Show Profile   Bookmark this topic Add SilverRoosevelt to your friends list Get a Link to this Message Number of Subscribers
http://www.ncadvertiser.com/41012/p...-to-buy-dip/

This came from my home state of Connecticut. Apparently, a young man bought a container of chewing tobacco and paid with a five and a two. The five was genuine, but the two was fake.

No other details emerged, but I wonder if the customer paid with a Pre-Series 1963 $2 United States Note. The red seal would be enough of a red flag to the uninformed cashier, and when he or she used an anti-counterfeiting pen, the ink streak would turn black due to the different printing process of old bills.

I've spent $2 United States Notes in the past without a problem, but I think I've read that when people try to spend Pre-Series 1963 (and Pre-Series 1957 for $1 silver certificates) bills, and cashiers run the pen test on them, they immediately brand them as counterfeits because there's no other way of confirming they're legitimate without further scrutiny.

Has anyone ever run into any issues with using old bills like this?
Edited by SilverRoosevelt
11/18/2014 2:32 pm
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oih82w8's Avatar
United States
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 Posted 11/18/2014  2:39 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
Earlier this year, a couple of males were purchasing a part for their car and tried to pay with a early (1934 series I think) $100 bill. The cashier was going to use the anti - counterfeit pen on it and held them fast. I gave the bill the once over and was not convinced that it was real. I suggested that they take the bill down to the coin shop a couple blocks down and see if they would give them a little more than face value for it. They did not return.
Edited by oih82w8
11/18/2014 2:40 pm
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 Posted 11/18/2014  2:59 pm  Show Profile   Bookmark this reply Add Groszy to your friends list Get a Link to this Reply
Now this confuses me...the pens should work on all federal issued banknotes, at least from the last century, since they're all the same paper (cotton-linen) and that is what the pens test for, the paper the bills are made of, not "printing processes". Wood-based paper turns black, whereas cotton-linen-fiber-based paper passes the test.

Doesn't it? Or have I been misinformed?
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 Posted 11/18/2014  3:31 pm  Show Profile   Bookmark this reply Add SilverRoosevelt to your friends list Get a Link to this Reply
Before Series 1963 (and Series 1957 $1 silver certificates), there was a "wet printing process," which used pre-damped paper so that the ink could stick to the notes. These notes shrunk slightly, as a consequence, and that ink likely has an effect on the paper when a modern counterfeiting pen is used. Starting in Series 1963 (and 1957 for $1 silver certificates), the dry paper is fed into the press so the notes could be printed on 32-subject sheets, as opposed to the old 18-subject sheets.

Read more about it here: http://www.uspapermoney.info/history/1957.html
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CoinCollector2012's Avatar
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 Posted 11/18/2014  3:33 pm  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
It would be nice if they gave us a picture of the fake bill.
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Australia
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 Posted 11/18/2014  5:21 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply

Quote:
Now this confuses me...the pens should work on all federal issued banknotes, at least from the last century, since they're all the same paper (cotton-linen) and that is what the pens test for, the paper the bills are made of, not "printing processes". Wood-based paper turns black, whereas cotton-linen-fiber-based paper passes the test.

Doesn't it? Or have I been misinformed?

The pens contain iodine-based "ink", and test for starch. Banknote paper is not starched (unless you are unfortunate enough to leave your money in your shirt pocket and get it laundered), whereas typical off-the-shelf photocopying paper is starched, to stiffen it. It is, of course, not too difficult for counterfeiters to obtain non-starched paper, making the pens a less-than-certain Counterfeit Detection method.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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SilverRoosevelt's Avatar
United States
917 Posts
 Posted 11/28/2014  01:13 am  Show Profile   Bookmark this reply Add SilverRoosevelt to your friends list Get a Link to this Reply
An update to this story, the bill was confirmed to be genuine. It's a shame that we won't see a picture of it to see if it was a USN or not. http://www.ncadvertiser.com/41611/b...e-after-all/
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