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<p>[QUOTE="gatzdon, post: 341331, member: 8247"]I don't have the law in front of me (so others should step in and correct me if I mis-state this).</p><p><br /></p><p>But, there was a law passed that regulates "replicas" and requires certain markings to indicate such. A counterfeit note in a collection would fall into the category of replica and as such would require certain markings unless you can prove it was made prior to the law going into effect. Having a counterfeit with Series design 1996 or later would definitely be impossible to prove it was made prior to the law going into effect. The absence of such marking would make the note itself illegal. </p><p><br /></p><p>While the collector would not be guilty of any crimes provided they played no part in producing the note and made no effort to pass it off as genuine, the note itself would still be subject to seizure (absent the required markings). </p><p><br /></p><p>I'm guessing that the risk of such seizure would be similar to the risk of seizure of gold certificates prior to the ban having been lifted (it occured occasionally and many speculated that such seizures were politically motivated).</p><p><br /></p><p>So, if I ever do find a modern counterfeit, I'm guessing that if I clearly write "COUNTERFEIT" on the note, that I would be in compliance with such a law as it would take a relatively dimwitted person to accept a banknote with such a marking as legal tender. As it would be getting used to help debunk the "counterfeit pen" and sell UV lights or automated detectors, the marking would not take away from the note's usefulness.</p><p><br /></p><p>As banks have strict policies on turning over suspect notes to the Secret Service promptly (who in turn do not return counterfeit notes), I'm guessing it may be difficult to find one. In the meantime, i'm thinking it will be almost as useful to bleach a $1 bill to at least show how the paper can be gotten easily.</p><p><br /></p><p>Thanks for all the replies.[/QUOTE]</p><p><br /></p>
[QUOTE="gatzdon, post: 341331, member: 8247"]I don't have the law in front of me (so others should step in and correct me if I mis-state this). But, there was a law passed that regulates "replicas" and requires certain markings to indicate such. A counterfeit note in a collection would fall into the category of replica and as such would require certain markings unless you can prove it was made prior to the law going into effect. Having a counterfeit with Series design 1996 or later would definitely be impossible to prove it was made prior to the law going into effect. The absence of such marking would make the note itself illegal. While the collector would not be guilty of any crimes provided they played no part in producing the note and made no effort to pass it off as genuine, the note itself would still be subject to seizure (absent the required markings). I'm guessing that the risk of such seizure would be similar to the risk of seizure of gold certificates prior to the ban having been lifted (it occured occasionally and many speculated that such seizures were politically motivated). So, if I ever do find a modern counterfeit, I'm guessing that if I clearly write "COUNTERFEIT" on the note, that I would be in compliance with such a law as it would take a relatively dimwitted person to accept a banknote with such a marking as legal tender. As it would be getting used to help debunk the "counterfeit pen" and sell UV lights or automated detectors, the marking would not take away from the note's usefulness. As banks have strict policies on turning over suspect notes to the Secret Service promptly (who in turn do not return counterfeit notes), I'm guessing it may be difficult to find one. In the meantime, i'm thinking it will be almost as useful to bleach a $1 bill to at least show how the paper can be gotten easily. Thanks for all the replies.[/QUOTE]
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