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The One Dollar Counterfeiter

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Re: The One Dollar Counterfeiter

#31

Post by sokoloff »

rz2k wrote: post #25
kristianp wrote: post #11

One dollar in 1943 is worth about $19 today's dollars. He started in 1938 and was arrested in 1948: 1938 23.42 1943 19.09 1948 13.70 Enough to buy some supplies, but how did he pay the rent? Perhaps he owned his apartment. https://www.in2013dollars.com/us/inflation/1948?amount=1

Since they were silver certificates he could have redeemed them for a 26.73g coin composed of 90% silver and 10% copper. In 2026, the value of the silver has fluctuated between about $46 and $94 (and the value of the copper content has stayed a little over 3 cents).

Those stopped being redeemable for silver in 1968, so their value is no longer defined by the metal prices of 2026.

Re: The One Dollar Counterfeiter

#32

Post by noduerme »

miksuko wrote: post #29
noduerme wrote: post #21

Earlier quoted context omitted.

Would owning his apartment disqualify him from being a folk hero? If he was a renter, does he deserve to be a hero? Just wondering. If he'd gotten rich from printing fake currency and become a right wing dictator would you think the same as if he was just a broke tenant? Why or why not?

The hell are you talking about?

I'm talking about the vague implications the parent poster was making - the purposes of which weren't very clear, but which I interpreted as: "A) Money is worth less than it was, (so printing fake money is justified) B) But on the other hand maybe he was part of the propertied class (in which case it wouldn't be)". I was asking whether they had a moral compass.

Re: The One Dollar Counterfeiter

#33

Post by noduerme »

gobdovan wrote: post #2

Fun fact: in parts of East Africa, a $50 bill may be worth about 60-70 $1 dollar bills, due to the $1 bill being easier to counterfeit (and also more likely worn down).

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 establishment. It's ironic, because if I were someone with an interest in counterfeiting, I'd focus on forging Pesos or Colones or something no one looks at before I'd take a stab at USD.

Re: The One Dollar Counterfeiter

#34

Post by madaxe_again »

noduerme wrote: post #33
gobdovan wrote: post #2

Fun fact: in parts of East Africa, a $50 bill may be worth about 60-70 $1 dollar bills, due to the $1 bill being easier to counterfeit (and also more likely worn down).

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.

Re: The One Dollar Counterfeiter

#35

Post by zdkl »

spwa4 wrote: post #28

These days it is much more effective to pay employees to swap payment terminals (or just employees doing it themselves), changing where the money ends up, and banks don't really know what to do about it.

[dead]

Re: The One Dollar Counterfeiter

#36

Post by noduerme »

madaxe_again wrote: post #34
noduerme wrote: post #33

Earlier quoted context omitted.

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.

And the only places you can change a €500 note are outside of Europe.

Re: The One Dollar Counterfeiter

#38

Post by kristianp »

kennywinker wrote: post #15
kristianp wrote: post #11

One dollar in 1943 is worth about $19 today's dollars. He started in 1938 and was arrested in 1948: 1938 23.42 1943 19.09 1948 13.70 Enough to buy some supplies, but how did he pay the rent? Perhaps he owned his apartment. https://www.in2013dollars.com/us/inflation/1948?amount=1

> Juettner began working as a maintenance man and building superintendent in New York's Upper East Side. His job allowed him and his family to live rent free in the basement of the building where he worked.

Yes, but he was forced to counterfeit when that job ended.

Re: The One Dollar Counterfeiter

#39

Post by Symbiote »

madaxe_again wrote: post #34
noduerme wrote: post #33

Earlier quoted context omitted.

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.

I gave a bonus tip to a tour guide in one of these countries.

I'd brought USD notes from Europe to spend and as an emergency fund. They were all brand new (sequential numbers) $50 notes, just what my bank gave me.

At the end of the trip, I swapped about $300 of old notes the tour staff had for $300 of new notes. This included a very slightly damaged $100 note which the tour guide said had been a tip, which he was unable to use because of the damage.

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