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If $1 is $19 I am suprised more people didnt check that their $1 notes are legit back then. Story makes it sound like $1 was chump change.
Do you check the $20 bills the ATM spits out, or just stuff them in your wallet and spend them?
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I think you're reading way too much into that comment. Sometimes questions are just questions out of curiosity, not accusations of the opposite.
I'm surprised people have such a knee-jerk reaction to my question.
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The fraud of passing off something of lesser value as the genuine article is the definition of counterfeiting.
But there is no such thing as a “genuine” $30 bill.
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> the state reserves some of the harshest punishments for counterfeiters This is empirically untrue [1]. [1] https://en.wikipedia.org/wiki/Counterfeit_money#Penalties_by...
The number of countries where life imprisonment is available possible sentence for counterfeiting seems to confirm it having some of the harshest punishments.
If you want to know more, there is a much better and very entertainingly written series of articles about this, from a 1949 issue of the New Yorker: https://www.newyorker.com/magazine/1949/08/27/old-eight-eigh...
Is it possible that he might have spent almost $1 in materials and labor and allocated capital expenses on equipment ... to create each of these counterfeits. Attempting this today would probably surely cost that much in today's dollars? EDIT: on a second thought ..this almost feels like "proof of work" for currency :)
There is an excellent book about him by Lawrence Weschler called _Boggs: A Comedy of Values_.
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Very interesting. It's probably because fewer people take the time to counterfeit $50s, $10s or $2s than anything else. What about $100 bills? In Argentina, if you have an older $100 bill, no one will take it. And apparently there's a roaring trade in fake $20s in Costa Rica, which I only learned at a casino there recently when I took USD directly out of an ATM and had it inspected by a pit boss in the same establish…
I’ve had USD rejected both for being too new and for being too old in various corners of the earth - different cultures seem to want their currency differently aged.
So as US currency degrades over time it slightly loses inter exchangeability in the third world.