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Will counterfeits ever become a true threat?
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<p>[QUOTE="Davada, post: 57669, member: 3344"]For monetary transactions, this may be true. However, when the government devises anti-counterfeit technology for its circulating currency, its intention is to make a counterfeit easily recognizable.</p><p><br /></p><p>In other words, when a $20 bill changes hands, the most analysis anyone will likely do on that bill is perhaps hold it up to the light to check the watermark and security strip. And that will only happen maybe 2% of the time. The challenge for preventing circulating counterfeits is to make counterfeit currency easily recognizable.</p><p><br /></p><p>For collectable coinage and currency, the bar is much higher for a counterfeiter. PCGS will spend several minutes (if not hours for highly valued coins) going over every micron of that coin to look for subtle signs of alteration or fabrication. This makes counterfeiting rare coins much more difficult (and is probably why many of the counterfeits we're seeing these days are trade dollars, which are just below the threshold of a coin people may get slabbed).</p><p><br /></p><p>Ultimately, a counterfeiter will only spend the time and effort required to counterfeit if it will make him money.[/QUOTE]</p><p><br /></p>
[QUOTE="Davada, post: 57669, member: 3344"]For monetary transactions, this may be true. However, when the government devises anti-counterfeit technology for its circulating currency, its intention is to make a counterfeit easily recognizable. In other words, when a $20 bill changes hands, the most analysis anyone will likely do on that bill is perhaps hold it up to the light to check the watermark and security strip. And that will only happen maybe 2% of the time. The challenge for preventing circulating counterfeits is to make counterfeit currency easily recognizable. For collectable coinage and currency, the bar is much higher for a counterfeiter. PCGS will spend several minutes (if not hours for highly valued coins) going over every micron of that coin to look for subtle signs of alteration or fabrication. This makes counterfeiting rare coins much more difficult (and is probably why many of the counterfeits we're seeing these days are trade dollars, which are just below the threshold of a coin people may get slabbed). Ultimately, a counterfeiter will only spend the time and effort required to counterfeit if it will make him money.[/QUOTE]
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