Earlier quoted context omitted.
Given that it was a decade and a half ago, and that even today's vending machine recognizers probably don't do much beyond making sure a few relatively gross features are present, I doubt the cost per counterfeit was all that close to $1.
You are absolutely, positively wrong on this front. The new bill detectors use PCA and SVM to analyze notes. They're so good the treasury department buys them because they're better than the best systems out there. Generally, however, the vending business is quite cheap. They buy the low end machine because there's not really a reason to bother buying the more expensive ones. However, go to a casino, or a foreign cou…
What sort of features?