Counterfeiting Question?

Since there seems to be allot of fanfare about the introduction of the new
$100 bill and all of the anti-counterfeiting devices they have put in to
It, but What about the previous issues? i realize they probably take these
Out of circulation at the bank but i still see the old styles from time to
Time since these are still legal tender you could actually counterfeit these
And it wouldnt matter if they made a new one or not! :eating:

 

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If you tried to spend or deposit a large quantity of pre-1996 $100's you would probably draw attention to yourself. Stores may not accept them and a bank teller may make a note of the identity of the depositor. I deal with large amounts of cash from time to time. Trust me, you will get caught. I keep records and copies of my transactions incase I unknowingling "pass on" counterfeit bills.

 

You'd be better off counterfeiting Chinese notes and selling them on Ebay to unsuspecting Chinese. As far as I know it's not illegal to make copies of Chinese money in the US.
Guy~

 

:goofer:

 

I dont think the bank would be the way to go, Iam just saying they are
Out there if they were counterfeited and spent a couple at a time
I doubt there would be any alarm since there are still many being
Circulated, The way to do this right is make all pre 96 currency void
Forcing people to bring them in to exchange them for the new series
Boy that would be real simple! But we are dealing with the government
Here:desk:

 

can you Imagine how many safe deposit boxs have stacks of real old pre 95 100 bills , that will never see the light of day until someone dies. money hoaders do exist.:thumb:

 

Tell me about it:secret:

 

What about the 1950s Series bills? The ones that the pens do not work on. It even says it on the pens. When I worked at a large money room for a bank, we would see these a lot, especially $100s. No rule was in effect to send them to the FRB.

Heck, I even get a few phoney $1s, if you can believe that.

 

Thats interesting, So it begs the question how does creating a new
Bill design thwart counterfeiting when earlier versions are still legal
Tender??

 

I live in South Florida where we always seem to get a "rush" of counterfeit $20's every tourist season. Why anyone would want to counterfeit the $100's is beyond my comprehension. Every time you try to spend one, it is always checked. The only time I ever see a clerk check a $20 is when word spreads that bad bills are being passed in the area. Two weeks later, it's business as usual, and they don't bother checking the $20's.

Chris

 

Your right!! I always see that pen come out when a $100 is presented
Atleast 5 out of 10 times, But that figure would probably change depending
On your location, Here where i live a non tourist lo-cal its probably half
The time, But if you were counterfeiting you would think to try the $5.s
And $10,s those are never checked!!

 

Your right ,if you spent say 2 or 3 of these counterfeited notes ,I still see pre 96 bills in circulation from time to time I think they would easily pass in a small store & I suspect that unknowingly many people have passed counterfeit bills without even knowing it ,that were given to them as change and passed on.It will happen to the new bills that are coming out .Were just trying to stay one step ahead of them .The government sanctioned North Korean "Super Notes" are almost undetectable by most US citizens .

 

Pursuant to U.S. Code, is illegal to counterfeit any foreign currency or coinage.

 

I remember when I lived in Boca there was constant paranoia about counterfeits... even the gas stations pulled out the markers for notes as small as $5.

I also remember someone I knew who went to a few clubs in the area, and came home with a few counterfeit fives from the change he got back after buying drinks at the bars.

 

The OP can refer to the newmoney.gov web site in regards to the redesigned $100 note unveiled this past week. The following is stated in the downloadable PDF Educational Materials:

 

Dont you think a mandatory trade in would be the easy answer?
Since pre 1996 are still legal tender?

 

Sorry CheetahCats. I don't know what in the world got in me. Must be the new brand of scotch. I think I'll have to go back to the "old" stuff.

 

Yeah, I knew someone would have a smart reply to this!!