CoinWorld - Lima, Peru, is now the counterfeiting capital of the world, says the U.S. Secret Service, which seized 16 million bills of Peruvian manufacture in 2015. The revelation is in a video report by Fernando Lucena, a reporter who went undercover for Vice News and was so good at what he did that he was even able to film how the counterfeits were made.
The Peruvian connection is relatively recent. The first fake note made there was not found in the United States until 2003. Since then, counterfeiting has become an industry in some poor areas of Lima's suburbs, where trucks have been seen so overloaded with their bogus cargo that their tires actually flatten. From 2009 to 2015 Peruvian police seized over $76 million of fake American currency in addition to an undisclosed amount of euros and soles. The current situation led the Secret Service to move its Latin American headquarters to Peru from Colombia, which used to be the leader.
I'd like to see the inside of an "Asian" mint that cranks out realistic silver morgans like they're potato chips. Both the cast and the struck versions. Anybody know if there's video on that front?
Not good for the paper money hobby for sure but it takes up the slack for DC and FW production. They can't print fast enough to keep up with fake fed issuance.
0:27, that 20 dollar bill's got John Snow's signature (meaning series 2004 or 2004a.) But the serial number begins with the letter B (indicating it's a series 1999.)
Might fool the regular person if they don't check the bill for security features, but I know if it came through my register, I wouldn't even bother to check the bill to say it was a fake.
Also... at 2:54 they show one of the new $100 dollar bills. Why the heck would somebody even bother to fake these? The security strip down the center is way too hard to fake, IMO. Since the older series are plentiful in circulation (even the small portrait 1990s one will find plenty in circulation still), why would a counterfeiter ever pick this series of bill to counterfeit? It's like they're deliberately choosing the hardest one to use.
Quote: I'd like to see the inside of an "Asian" mint that cranks out realistic silver morgans like they're potato chips. Both the cast and the struck versions. Anybody know if there's video on that front?
I don't know of any video, but there's an excellent photo expose on this exact topic to be found here:
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Posted 05/25/2016 8:43 pm
