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 Replies: 20 / Views: 3,642 |
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Pillar of the Community
United States
5318 Posts |
I just spoke to a dealer friend who passed me a rather disturbing piece of news. Since I know him to be a very level-headed guy who has a lot of industry contacts and insider info, I give this story a sober amount of credence... From what he's heard, there are a huge number of 1996 $100 notes produced somewhere in Asia of very passable quality, which have proliferated to such an extent this date is no longer accepted by merchants in this region. This may be a newer "superdollar" of this NYTimes article.To make matters worse, this bulge of counterfeit $100s is now making its way to the US. Now for the most disturbing part--the counterfeits are very good, and banks have detected them, but elected not to do anything because losses would be reflected on their accounts.  You're welcome to call this an "urban legend", or what you will--I only passed this on because I know this dealer to be very astute at protecting his own skin--who will no longer accept the 1996 $100 series. Edited by KurtS
04/17/2008 2:33 pm
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Valued Member
United States
112 Posts |
It almost make me want to go get one for those bill tester pens from staples and use it in front of the teller whenever they give me a $100 bill.
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Pillar of the Community
Australia
2830 Posts |
G'day, one more reason I'm glad that we went "polymer" in 1992.
Peter in Oz
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Member
United States
3242 Posts |
The super bill has been hunted since 2005 there's also a 50 and 20 the fed are looking to find the makers but 5 billion in china like looking for a needle in a hay stack
plus we may have pass one and not known we did\,they are the best copy to date!
Edited by amac44
04/17/2008 2:16 pm
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Pillar of the Community
 United States
5318 Posts |
I'm seriously considering using a UV light on all my notes. According to the US Treasury: quote:
ULTRAVIOLET GLOW: If the bill is held up to an ultraviolet light, the $5 bill glows blue; the $10 bill glows orange, the $20 bill glows green, the $50 bill glows yellow, and the $100 bill glows red - IF THEY ARE AUTHENTIC!
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Member
United States
3242 Posts |
I guess we need to have a black light in our pocket?
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Bedrock of the Community
United States
12437 Posts |
It is suspected that the majority of these so-called "supernotes" are originating from North Korea and laundered through Chinese businesses that do black market business with North Korea. Some might even originate from Iran since they have a pre-1979 Intaglio printing press provided to the Shah by the US  . The quality is of such a high level that the counterfeiting pretty much has to be sponsored by a governmental entity due to equipment and the cost of producing them accurately. For once, China is probably innocent in this matter since greenbacks are still king in this world(regardless of current decline in value) and it is hurting their interests as well. Edited by biokemist6
04/17/2008 3:39 pm
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Pillar of the Community
United States
5318 Posts |
"China is probably innocent in this matter..." Yes, hence my aversion to naming that country. Despite their forgery issues we complain about, that country produces a lot of legitimate products cheaply to our direct benefit. The deserve a lot of credit for what they've made for themselves.  |
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Pillar of the Community
Australia
2830 Posts |
quote: "I guess we need to have a black light in our pocket?"
I've seen very small units for sale in Asia, for less than $10. Definitely what I'd call pocket-size. Apparently, a lot of Asian currencies are counterfeited also.
Peter
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Valued Member
United States
303 Posts |
Recently this last summer, my mom told us before my dad and me went to Taiwan, the currency exchange places won't except 1996 $100. I never knew the reason why as I see the $100 as a $100, but I see why now...
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Valued Member
United States
302 Posts |
I've mentioned in several threads that I am a Manager with Wendy's. A couple weeks ago we put these into all the stores in our franchise. They are pretty cool and although my store had only taken 2 counterfiet bills (a $10 and a $20) these will be worth their weight in real $20s by the end of the summer. Well, the link didn't work. If you look up Nashua counterfeit you will find an inexpensive tabletop model that has uv, backlit, and magnetic ink detection. I think we paid about $40 per unit Try this link for more info http://www.yourofficestop.com/nashu...etector.htmlEdited by of-grampa
04/21/2008 7:43 pm
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Valued Member
United States
280 Posts |
OK, here is my current state of being.
A long time ago, I got burned with a counterfeit $100 bill I received from a bank. It was a very high quality counterfeit.
Since then, I did a lot of reading and concluded one thing. The UV Security Thread is an extremely low priority for counterfeiters for the following reasons
=It is difficult to reproduce within the paper
=It is difficult to reproduce the color
=High speed currency counters don't check the security thread
=Bill acceptors don't check the security thread
=Low speed currency counters don't check the security thread
In the current state of counterfeit dection, features like the security thread, the color shifting ink, and microprinting are not checked in bill counters and automated bill acceptors.
The colorshifting ink is the easiest to check with the unaided eye and as a result high quality counterfeiters work hard to give it a sparkle and I believe some even get it to shift a little. The microprinting is also easy to reproduce as it takes the same level of effort as to reproduce the fine artwork on the bill.
I've concluded then that if the UV Security Thread is present, in the correct location, and the correct color, then the bill would also pass through a bill acceptor or bill counter and I would most likely not get burned.
365NM is the specified wavelength for checking the security thread. I use a narrow beam UV Penlight for checking all the notes I accept. I avoid $100's like the plague because their red threads are so difficult to check in daylight. I stick with $50's because their yellow threads are the easiest to check even in the brightest of conditions.
Hope this helps someone else.
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Valued Member
United States
280 Posts |
I forgot to add that for checking $100's, you must absolutely have a 365NM UV Light source.
For $50's, any 400NM or lower UV light will work. The $5 Invisible Ink Pens will even work for checking $50's and that is what I used for a long time before I broke down and bought a real 365NM Pen Light.
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Pillar of the Community
United States
1173 Posts |
gatzdon...where do you buy such a light? Is that a Radio Shack kind of thing, or do you need to go to a specialty store of some sort?
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Valued Member
United States
302 Posts |
The $5 invisible ink pen will no longer work on the newest counterfeit bills. They are now using spray-on starch or something like this which they spray the counterfeits with. Once it dries, it gives the counterfeit more of a feel like a normal bill but it also tricks the ink for a short period of time.
Your best bet is the UV light. As for the $100s being hard to check, that is correct...that color is hard to see in daylight.
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Valued Member
United States
280 Posts |
With the hundreds, the color is hard to see in a pitch black room. I'm hoping the logic behind it is that red was the most difficult color UV ink to produce/counterfeit. I bought my pen light from here http://www.maxmax.com/aUVLedLights.htm365NM 10 Degree. Uses 3 AAAA batteries (no that's not a typo, that's 4 letter A's, AAAA) Believe it or not, Radio Shack does not stock these batteries, but every Walgreen's I've been to does stock them. |
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Replies: 20 / Views: 3,642 |
Posted 04/17/2008 2:06 pm
