Counterfeit Money: How to Know Your Money
Since the middle of the 19th century, counterfeiting has been one of the oldest crimes in the country. Making a facsimile of money with the purpose to trick people into thinking it is real is called counterfeiting money. When banks started issuing their own money back then, it became a significant concern. There was no standard form of currency used. By the time the Civil War broke out, about one-third of all in use currency was fake.
The counterfeiting issue had become so severe in the United States by 1863 that enforcement action was required. The United States Secret Service, the same law enforcement agency tasked with defending the president of the United States, was established to outlaw counterfeiting on July 5, 1865.
Even though there has been a significant decline in counterfeiting since the U.S. Secret Service was established, the crime still exists today, endangering the economy of the country and causing financial harm to its residents.
The development of laser printers, copiers, and other photographic processes has made it extremely simple to produce “funny money” or Buy Counterfeit Money Online. The Secret Service undoubtedly has to be knowledgeable about the newest tools used to counterfeit our country’s money.
How to Spot counterfeit money and Real Money
The government’s expert artisans create real money using specially made printing equipment and laser-engraved, engraved plates. The majority of note-falsification techniques use photomechanical or a “off set” technique to create a printing plate from an image of an authentic note.
You should be familiar with your money in order to prevent counterfeiting.
Examine the funds you are given. A suspected fake note should be compared to an authentic note of the same denomination and series. Instead of noticing commonalities, focus on the notes’ differences.
- Portrait: A portrait from a real note looks realistic and stands out clearly against the lovely background of a screen. A fake portrait typically lacks depth and liveliness.
- Treasury and Federal Reserve Seals
On a more serious note, the Treasury and Federal Reserve seals have sharp, crisp, and unmistakable sawtooth points. The sawtooth tips on the fake seals may be broken, dull, or uneven.
- Serial Numbers — On a real note, serial numbers are evenly spaced and have a distinct look. The Treasury seal’s ink hue matches that of the printed text. The serial numbers on a fake note may have ink that is a different shade or hue from those on the Treasury seal. The numerals might not be perfectly aligned or spaced.
- Border. The border of a real bill has crisp, continuous lines. The outer margin lines and the scrollwork may be fuzzy and unclear on the imitation.
- Paper: Genuine paper is free of watermarks. It is covered in little red and blue threads.
Some individuals believe that a banknote is fake if the ink peels off of it. That is untrue. Additionally, real money can leave ink smears.
- Raised Notes: Actual paper money occasionally undergoes modifications in an effort to raise its face value. One typical practice is to attach high denomination note numbers to the corners of smaller denomination notes.
These notes are also regarded as forgeries, and those who produce them face fines of up to $1,000, up to five years in prison, or both. If you think you have a raised note, do the following:
- Verify that the denomination spelled out at the bottom of the note (front and back) and through the Treasury seal matches the denomination numbers on each corner.
- Contrast a genuine note of the same denomination and series year with the fake note.
7. 5 Fake Coins
Real coins are struck with specialized equipment. Hot, molten metal is poured into molds or dies to create the majority of fake coins. This technique frequently produces die signs on the fake coin, such as metal pimples or splits.
Today, rate coins, which are valuable to collectors of rare coins, are the primary targets of counterfeit coins. In other cases, this is accomplished by adding value to actual coins.
The mint markings or date of the coin are the most frequent modifications, either added, subtracted, or changed.
If you suspect you have a fake or counterfeit coin, check it against a genuine coin of the same value.
HOW TO RESPOND TO A COUNTERFEIT CURRENCY:
Don’t give it back to the person who gave it to you, rule number 1.
- Try to stall the guy.
- Take down the person’s description and any vehicle’s license plate information.
- Make a call to the American Secret Service or the local police.
On a blank area of the alleged note, write your initials and the current date. Avoid touching the note. Put it carefully in a container that will safeguard it, like a Ziplock bag or an envelope. Give the phony coin or note to a Secret Service agent or law enforcement official.