Will banks blacklist some $100 dollar bills?

[rudeguy]

Originally posted by: BigJ

Originally posted by: Toastedlightly

Originally posted by: BigJ

I was under the impression some counterfeiters actually bleach the ink off of $1 bills, and use them in their counterfeit 50s, 100s, etc.

But the only problem would be that the metalic strips in the bill would still be for the one dollar bill insead of the other. Any bank should be able to find it.

I thought we were talking about your average consumer identifying counterfeit bills, more specifically the pen.

the average consumer can hold the bill up to the light too....

 

[kranky]

Originally posted by: AMDZen
That doesn't mean that cloth can't be made. Anything can be done, and I guarentee there are bills out there that would pass the ink test and still be fake.

This is a fact. The pens will catch poorly made counterfeits, though.

 

[kranky]

Originally posted by: Legendary

Originally posted by: kranky
Banks here will be able to verify the bills are genuine.

Look for three key elements:
- Color shifting ink (copper to green to copper) in the lower right corner
- Watermark (hold up to light)
- Security thread - make sure it's not "printed" on but embedded in the paper as it should be. It spells out the denomination in tiny print.

Grainy red and blue strings are also embedded into all real currency.

I'm talking about the "security thread" which runs in a straight line vertically through the entire bill. Each denomination has them in a different position.

 

[apoppin]

Originally posted by: kranky

Originally posted by: Legendary

Originally posted by: kranky
Banks here will be able to verify the bills are genuine.

Look for three key elements:
- Color shifting ink (copper to green to copper) in the lower right corner
- Watermark (hold up to light)
- Security thread - make sure it's not "printed" on but embedded in the paper as it should be. It spells out the denomination in tiny print.

Grainy red and blue strings are also embedded into all real currency.

I'm talking about the "security thread" which runs in a straight line vertically through the entire bill. Each denomination has them in a different position.

one way to be 'sure' is to compare a suspect bill with a "known" one. The counterfeit usually is inferior work that is quite noticeable under careful scrutiny when placed next to a genuine one. 😉

 

[giguana]

Originally posted by: bolido2000

Originally posted by: rudeguy
AFAIK banks have to take any currency that is legal tender. They have ways to test if bills are real or not.

That's what I would think too. What's the best way for a consumer to test if a bill is real?

burn it...if the flame is red...it's real...if the flame is blue...it's fake

oh wait...that was in a movie...NM...the markers work

 

[Mo0o]

Originally posted by: furie27
I doubt it would happen here in the US, just because the FBI is around the corner to potential counterfeits.

I think the secret service is in charge of counterfeiting

 

[Baked]

Reason to not keep large amounts of cash and keep 'em in you home, because I will find them.

 

[OverVolt]

Originally posted by: Indolent

Originally posted by: bolido2000
Does anybody know if banks in the US will black list some $100 notes beceause of heavy counterfeiting? My friend called me yesturday and at least in Chile and Taiwan all banks are not longer accepting $100 bills with serials starting with CB printed in 1996 and AB in 2001. This is because most of the fake $100 bills start with those serials. My friend has like $6K with those serials so he wants to know if there is a possibility that the US will do something similar. If not, he will just deposit the 6K when he comes to the US.

I can't be the only person curious as to why your "friend" has 60 $100 bills laying around and doesn't live in the United States...

Um... In Russia people now retire on $100 bills in American currency because no one trusts the russian currency.

Lots of countries use U.S. money.