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How often are old foreign notes counterfeited?
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<p>[QUOTE="afantiques, post: 2123560, member: 71234"]<font size="6"><b>How often are old foreign notes counterfeited?</b></font></p><p><br /></p><p>Just about never. </p><p><br /></p><p>And there is a good reason. It costs good money to get set up to produce reasonably convincing counterfeit banknotes. So it is not worth printing just one or a dozen or a hundred. </p><p><br /></p><p>Not a problem if you produce ten thousand current notes, there are a huge number of real ones around already,so the fakes blend in.</p><p><br /></p><p>Start producing large numbers of long obsolete notes and the relatively small collector market very soon notices that there is a flood of whatever the fake copied on the market and at least the price plummets, at best someone publishes the diagnostic signs of the fake notes and the market cleans itself up.</p><p><br /></p><p>The situation would be similar to that which collectors would be familiar with, when a hoard of old notes is discovered in some dusty valut and for a while note ZZZ becomes common until the market soaks up the available numbers and business as usual resumes.</p><p><br /></p><p>Faking high value notes is similarly not really worth the time, as these get very careful scrutiny from buyers, unlike notes in circulation, and the costs to produce anything but an obvious forgery are high. Doctoring a genuine note is easier and cheaper and not uncommon.</p><p><br /></p><p>In the past there have been famous forgeries of what are now obsolete notes, (See Operation Bernhardt) but in general contemporary forgeries of old notes are as interesting and usually rarer than the real notes.</p><p><br /></p><p>General Deniken's notes were just about as 'authorised' as any of the hundreds of note issues in the Russian area during the immediate post revolution period. If you had a big gang, a few guns and a printing press you issued 'money'. It was just a cruder version of all the banknote issuers today.[/QUOTE]</p><p><br /></p>
[QUOTE="afantiques, post: 2123560, member: 71234"][SIZE=6][B]How often are old foreign notes counterfeited?[/B][/SIZE] Just about never. And there is a good reason. It costs good money to get set up to produce reasonably convincing counterfeit banknotes. So it is not worth printing just one or a dozen or a hundred. Not a problem if you produce ten thousand current notes, there are a huge number of real ones around already,so the fakes blend in. Start producing large numbers of long obsolete notes and the relatively small collector market very soon notices that there is a flood of whatever the fake copied on the market and at least the price plummets, at best someone publishes the diagnostic signs of the fake notes and the market cleans itself up. The situation would be similar to that which collectors would be familiar with, when a hoard of old notes is discovered in some dusty valut and for a while note ZZZ becomes common until the market soaks up the available numbers and business as usual resumes. Faking high value notes is similarly not really worth the time, as these get very careful scrutiny from buyers, unlike notes in circulation, and the costs to produce anything but an obvious forgery are high. Doctoring a genuine note is easier and cheaper and not uncommon. In the past there have been famous forgeries of what are now obsolete notes, (See Operation Bernhardt) but in general contemporary forgeries of old notes are as interesting and usually rarer than the real notes. General Deniken's notes were just about as 'authorised' as any of the hundreds of note issues in the Russian area during the immediate post revolution period. If you had a big gang, a few guns and a printing press you issued 'money'. It was just a cruder version of all the banknote issuers today.[/QUOTE]
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