Earlier quoted context omitted.
I was responding to a specific point grecy made. People will check a $20. I imagine they might even change their method of checking if a different type of counterfeit becomes popular. I've only ever seen the marker or a UV light used in public, but criminals aren't the only ones capable of adapting to new circumstances. Hopefully it's obvious that the seller mentioned in the article is probably not making or selling…
In NYC, at least, in 100s of places, I've literally never seen someone check a $20 in any way other than putting it up to the light, and that is 5% of the time. I'm sure it happens though.
Counterfeit U.S. Cash Floods Crime Forums
41–50 of 60 posts
Re: Counterfeit U.S. Cash Floods Crime Forums
#42A lot of this concern would be removed if the US switched to polymer notes. Visiting the US last year I was surprised to see people immediately suspicious of $50 notes that I gave them. I've never seen that happen in Australia, even with $100 note.
You're attributing one thing - suspicion of a particular denomination - to something which it may not be related to. It may simply be due to how common a particular denomination is used in the cash economy. In the Eurozone, €50 notes are very frequently used - it would be unusual to be specifically suspicious of that denomination - while €100 notes are far more rare.
Edit: Some data - http://www.federalreserve.gov/paymentsystems/coin_data.htm#v...
Re: Counterfeit U.S. Cash Floods Crime Forums
#43Earlier quoted context omitted.
You're attributing one thing - suspicion of a particular denomination - to something which it may not be related to. It may simply be due to how common a particular denomination is used in the cash economy. In the Eurozone, €50 notes are very frequently used - it would be unusual to be specifically suspicious of that denomination - while €100 notes are far more rare.
You could be correct although I saw many other people paying for things with $50 notes too. I didn't think they were rare. Maybe it is store policy to do the counterfeit checks on $50/100 notes?
Re: Counterfeit U.S. Cash Floods Crime Forums
#44Do all bills have magnetic ink? I cannot seem to find a list.
One dollars do not as of yet
Heck washing dollar bills is a way to get base paper for higher denominations. (one of the incentives for moving away from consistently colored currency)
Re: Counterfeit U.S. Cash Floods Crime Forums
#45Earlier quoted context omitted.
One dollars do not as of yet
No one has found a way to make convincing one dollar bills for less than a dollar. Heck washing dollar bills is a way to get base paper for higher denominations. (one of the incentives for moving away from consistently colored currency)
Re: Counterfeit U.S. Cash Floods Crime Forums
#46Earlier quoted context omitted.
From the article, the seller claims that the bills will pass the pen test, so that wouldn't help.
The pens are worthless in general. Real bills can "fail", fake bills easily pass if they care to. The Secret Service will tell you to not rely on them if you call them up and ask about them. A friend of mine had a $10 bill checked and confiscated at a corner store a few years ago. The bill was genuine, but a few decades old and over those past decades it accumulated enough starch on it to trip the pen. He had to call…
I can't believe that's a very common case. The pens are there to deter people from playing games with their color printers, and do a pretty good job of that.
Well, at least they do a good job of making people buy starch free paper.
Re: Counterfeit U.S. Cash Floods Crime Forums
#47Earlier quoted context omitted.
The pens are worthless in general. Real bills can "fail", fake bills easily pass if they care to. The Secret Service will tell you to not rely on them if you call them up and ask about them. A friend of mine had a $10 bill checked and confiscated at a corner store a few years ago. The bill was genuine, but a few decades old and over those past decades it accumulated enough starch on it to trip the pen. He had to call…
"over those past decades it accumulated enough starch on it to trip the pen" I can't believe that's a very common case. The pens are there to deter people from playing games with their color printers, and do a pretty good job of that. Well, at least they do a good job of making people buy starch free paper.
The circuitry in color printers and copiers that specifically prevents reproducing certain patterns used in bills probably does a better job of that.
Re: Counterfeit U.S. Cash Floods Crime Forums
#48The Robert Harris account is excellent and there is a great quote from the forger along the lines of "A document isn't real or fake, it's efficient of inefficient". I highly recommend reading the book.
Re: Counterfeit U.S. Cash Floods Crime Forums
#49Earlier quoted context omitted.
I was responding to a specific point grecy made. People will check a $20. I imagine they might even change their method of checking if a different type of counterfeit becomes popular. I've only ever seen the marker or a UV light used in public, but criminals aren't the only ones capable of adapting to new circumstances. Hopefully it's obvious that the seller mentioned in the article is probably not making or selling…
In NYC, at least, in 100s of places, I've literally never seen someone check a $20 in any way other than putting it up to the light, and that is 5% of the time. I'm sure it happens though.
Re: Counterfeit U.S. Cash Floods Crime Forums
#50Earlier quoted context omitted.
Police raiding your home might be fatal, so crime or not they don't have to prosecute you to solve their problem.
Police/prosecutors will generally try to build a case before they decide to simply bust into someone's house. And they work on that case for a long time because it needs to hold up in court. I'm not saying that it isn't possible (and of course depends on where you are) but if in fact the law specifically states that you have to either sell [1] or use the money (and not possess it - which was my hypothetical question)…
http://en.wikipedia.org/wiki/Swatting
https://www.google.com/search?q=police+kill+dog&gbv=1&prmd=i...
(in fact both are becoming a very serious problem)