Problem with counterfeit bills in your area?

[moshquerade]

We have been having a rash of counterfeit 100s reported in my area recently. I refuse them at the bank b/c I don't want to get stuck with one.

How are people even able to make legitimate looking bill with all the watermarks, colorings, and anti-counterfeiting measures they have in place with paper monies? I don't get how they can print something that would fool anyone.

 

[highland145]

Big time. Even wal mart was marking the 20's I gave them.

Bleach a $1, reprint $20 on it.

 

[TwiceOver]

I pulled my weekly cash out of the ATM last week, $300 all in 20s and all the bills were very crisp, some sequential, all with a textured feel and they felt and smelled like construction paper. I ended up taking them into the bank to verify they were good. I guess they were just uncirculated, bank said they were just fine.

 

[GagHalfrunt]

Counterfeiters just draw an extra 0 on a $10, that way it's already got all the anti-counterfeit measures beforehand.

 

[IceBergSLiM]

its really not that difficult to discover fake 100's . especially new ones. I don't accept only small benji heads from the bank though.

 

[highland145]

Well Mosh, you just created your own. Print those out.

 

[kranky]

This works because people DON'T check the multiple security devices on the bills. The counterfeiters bleach the ink from low denomination notes, and reprint them as a high denomination. If the recipient only relies on the marking pen to verify authenticity, the phony bills work like a charm. All that the pen will tell you is that the paper is authentic.

All they would have to do is hold it up to the light to verify the watermark if the bill passes the pen test. Also, the security threads are located in a different place on each denomination. That would be equally easy to check in about one second.

And most of the counterfeiters aren't looking to exchange their bad bills for merchandise. They want to launder it into legitimate currency. So anyone buying a Value Meal with a $100 bill ought to bring extra scrutiny.

 

[Brainonska511]

When I was working as a cashier in high school, someone tried to pass a really bad $50. I don't know if they actually knew it was bad, but either way, we confiscated it and gave them a tax form.

It was missing the watermark or had the wrong one, it didn't have the little internal paper strip, and the bill itself looked like a combination of the old $50, where the head was smaller and had a circle around it and the new $50 at the time, which introduced coloring.

 

[yhelothar]

http://en.wikipedia.org/wiki/Superdollar

 

[techs]

An easy way to prevent getting phony hundred dollar bills is to insist on only 300 dollar bills. They are hard to counterfeit:

 

[Brainonska511]

I just read in an article about the new $100 bills that North Koreans were behind printing these supercounterfeits that are indistinguishable from the real thing by most banks, and thus we've designed a new bill that's so advanced that even we couldn't print correctly

What does North Korea have to do with us not being able to print the bills correctly?

The recent problem with the new $100 bills is that they have some highly advanced printing that caused some bills to fold during the process and result in misprints. Thus, they had to put a large batch of them into storage to sort through them and find the bad bills.

 

[Brainonska511]

An easy way to prevent getting phony hundred dollar bills is to insist on only 300 dollar bills. They are hard to counterfeit:

I could buy 100 cups of coffee with that baby.

 

[highland145]

I could buy 100 cups of coffee with that baby.

Not worth all the pissing after.

 

[feralkid]

An easy way to prevent getting phony hundred dollar bills is to insist on only 300 dollar bills. They are hard to counterfeit:

Aroo!






edited for spelling.

 

[yhelothar]

What does North Korea have to do with us not being able to print the bills correctly?

The recent problem with the new $100 bills is that they have some highly advanced printing that caused some bills to fold during the process and result in misprints. Thus, they had to put a large batch of them into storage to sort through them and find the bad bills.

The fact that the counterfeits drove us to design new super advanced bills that we couldn't even properly print?

 

[techs]

The fact that the counterfeits drove us to design new super advanced bills that we couldn't even properly print?

In some parts of the country they have no problem with counterfeit hundred dollar bills.

Because no one has any hundred dollar bills anymore.

♫ta dum♫

 

[Brainonska511]

The fact that the counterfeits drove us to design new super advanced bills that we couldn't even properly print?

That's like saying that since burglars tools have become so advanced, we should just keep our front doors open and alarm systems off.

We can print the new bills, but obviously they ran into some unforeseen problem when moving the printing to larger scales. Stuff that will be worked out, no big deal. They'll work past the problem and the new bills will take the place of the old ones and counterfeiting will be a little bit harder once again; it's a constant war between offense and defense. If they wanted to stop counterfeiting more, they should put a sunset on the older bills to help get them out of circulation.

 

[yhelothar]

That's like saying that since burglars tools have become so advanced, we should just keep our front doors open and alarm systems off.

We can print the new bills, but obviously they ran into some unforeseen problem when moving the printing to larger scales. Stuff that will be worked out, no big deal. They'll work past the problem and the new bills will take the place of the old ones and counterfeiting will be a little bit harder once again. If they wanted to stop counterfeiting more, they should put a sunset on the older bills to help get them out of circulation.

Um, that's the opposite of what I said...

Correction: That's like saying since burglars tools have become so advanced.. we've installed security systems that are so strong that ended up locking us out.

 

[Homerboy]

An easy way to prevent getting phony hundred dollar bills is to insist on only 300 dollar bills. They are hard to counterfeit:

pfffffft

 

[moshquerade]

Well Mosh, you just created your own. Print those out.

If only I had the right paper/ink for it.

 

[Terzo]

Don't get me started on counterfeit Bills. People keep coming to my office asking, "hey, how about that lunch you promised me." You see, I owe Bill from accounting a lunch. But so far everyone who has asked for lunch failed the birthmark test. You can tell a real Bill by the birthmark. I don't know what I'll do when they figure out how to mimic that as well.

 

[Tweak155]

Just going to push the trend toward plastic. Cheaper and all fake money anyway.

 

[alkemyst]

It works especially well now that most don't know what the real money or old money is supposed to look like.

Modern printers and scanners can make a surprisingly good copy...but even if you just created your own bill on real money paper you could probably move quite a bit through the typical walmart/target/kwikee marts.

This is one of the reasons the latter doesn't usually take anything over $20's.

 

[GagHalfrunt]

Simple solution, take all bills larger than $10 out of circulation entirely. You've instantly reduced the damage caused by 90%, reduced the counterfeiters profit by 90% and reduced their incentive to keep counterfeiting by 90%. In an increasingly debit/credit card world what would be the social impact of eliminating larger bills? American society would adapt in 2 weeks. A few pretentious restaurants that don't take plastic would have to start taking plastic, the rest of us would move on with our lives without missing a step.

 

[kranky]

In an increasingly debit/credit card world what would be the social impact of eliminating larger bills?

I know one thing that would happen... drug dealers would be very sad.