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Counterfeit money

Re: Re: Re: Re: Re: Re: Re: Re: Counterfeit money

Beady said:
We *all* make unwarranted and unsupported logical jumps.
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That's an unwarranted and unsupported logical jump.
 
should have been CERTAIN the money was counterfeit or they should have given you replacement bills and gotten your ID to collect it's value if it turned out counterfeit.
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Absolutely. Once they had your ID they could have easily tracked you down- it's obvious that someone passing fake bills couldn't possibly have fake ID.

I think congress should change the law so whenever a bank suspects that someone has given them fake money the bank would be required to give them good money while the suspect money was checked. And if the ID is suspected to be fake then the bank should also give them some real ID while the suspected fake is checked.
 
I hate the idea of plastic notes. It sounds like fake money. Plastic money means a credit card to me.

There's nothing wrong with one dollar coins or two dollar bills and you see how they were accepted over here.

Of course if they had made the last couple of one dollar coins even remotely pretty, maybe they would have gone over better?

We like one dollar bills, pennies, and paper money around here! :D
 
Bob Klase said:
Absolutely. Once they had your ID they could have easily tracked you down- it's obvious that someone passing fake bills couldn't possibly have fake ID.
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Really now. I don't think counterfeiters launder their money by taking them to a bank where they are photographed and possibly have to provide fingerprints.
 
Bob Klase said:
Absolutely. Once they had your ID they could have easily tracked you down- it's obvious that someone passing fake bills couldn't possibly have fake ID.
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Really, Bob, do you think someone with ink running from counterfeit bills is going to go into a bank (only $100 worth at that) to try and pass it off as real? Now that would take balls of steel! (Not that there aren't some real idiots out there, but man -- that's one for the books.)

Nothing personal, as I'm sure you're no dummy, but ...

:dl:
 
Just think, Just Thinking, they might just have thought you were using reverse logic to fool them into accepting fake notes.
 
BillyJoe said:
Just think, Just Thinking, they might just have thought you were using reverse logic to fool them into accepting fake notes.
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That's still quite ballsy!

My laughing dog is not to demean Bob, but my reaction to my mind's eye viewing the mentioned scenario.
 
Why would a bank use safe boxes which exude chemicals that cause ink on money to run?
 
Dang it! For the last seven years I have been keeping a fifty tucked in the seceret pocket of my trusty cedar wallet. After reading this thread I take it out and find it is now useless.
 
DrMatt said:
Why would a bank use safe boxes which exude chemicals that cause ink on money to run?
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Who on Earth ever suggested such a thing ... my bills were left in my wife's cedar jewel box -- at home.
 
There are federal employees that will, if given enough time, piece together your money that the mice chewed (after your crazy uncle hid it behind the wall), and give you brand new money in return. Or if you microwave your money, or it is partly burned in a fire...I think there is a certain percentage of the bill that must be legible for you to get the value of it. What people do to money is very interesting.
 
The rules for exchanging damaged bills, as I recall from my coin-collecting days as a kid, were:

If the remnant included 3/5 or more of the original, full face value.
Between 2/5 and 3/5, half of face value.
Less than 2/5, no value.

This could have changed, but it's a set of rules that pretty well obviate the possibility of someone multiplying their money by fragmenting it.
 
ktesibios said:
If the remnant included 3/5 or more of the original, full face value.
Between 2/5 and 3/5, half of face value.
Less than 2/5, no value.
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If you took exactly 3/5 to one bank, they would have to give you the benefit of the doubt and give you full face value
If you took the remaining 2/5 to another bank, they would also have to give you the benefit of the doubt and give you half face value.

You have just made 50% profit on your little enterprise.
 
LTC8K6 said:
I hate the idea of plastic notes. It sounds like fake money. Plastic money means a credit card to me.

Actually, Australian banknotes are made of a polymer and feel much like new rag-paper notes. They are not shiny, and they fold much like new rag-paper notes too. "Plastic" is just the common term we use to describe their composition.

There's nothing wrong with one dollar coins or two dollar bills and you see how they were accepted over here.

We have one- and two-dollar coins only, no notes. They are "gold" coins - actually mostly silver but with a touch of gold to give them "value". Notes start at five dollars.

aussiecoins.jpg


Of course if they had made the last couple of one dollar coins even remotely pretty, maybe they would have gone over better?

So how about coloured banknotes, then? More scope for prettiness, yes?

dollar.jpg


We like one dollar bills, pennies, and paper money around here! :D

Umm, ditto but no pennies. Just big, chunky coins.
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BillyJoe said:
If you took exactly 3/5 to one bank, they would have to give you the benefit of the doubt and give you full face value
If you took the remaining 2/5 to another bank, they would also have to give you the benefit of the doubt and give you half face value.

You have just made 50% profit on your little enterprise.
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D'oh! You're right.

Of course, if the old rule had been "more than 3/5" instead of "greater than or equal to 3/5" then that trick wouldn't work. Most likely a case of my misfiring memory- it's been nearly 40 years since I was into coin collecting.

Anyway, I found the new rules here:

http://www.moneyfactory.com/section.cfm/8/39

If the currency is mutilated, you have to ship it to the gummint for exchange. Damaged currency that's still whole can be exchanged at a bank.
 
Zep said:
We have one- and two-dollar coins only, no notes.
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There is just one little anomaly here. Both coins are the same colour but the one dollar coin is larger than the two dollar coin. Becuase I rarely use coins, this still trips me up from time to time. :(
 
Re: Re: Re: Re: Re: Counterfeit money

Just thinking said:
Not so, I felt the bills were real because they contained all of the new (at the time) elements in use to foil forgery -- the thin ribbon between the halves, the watermark, the holographic print on the bottom right. The fact that they came from a bank in uncirculated condition added to my conclusion, it was not the founding evidence for it.
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I assume by what you're saying that you're talking about the first reissue with the microprinting all around the portrait, before the portrait redesigns?

Those bills were crap. You could actually smudge the ink. They crackled and wore out after a few months.
 
ktesibios said:
The rules for exchanging damaged bills, as I recall from my coin-collecting days as a kid, were:

If the remnant included 3/5 or more of the original, full face value.
Between 2/5 and 3/5, half of face value.
Less than 2/5, no value.
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I believe if you could show the serial number twice on the piece you had, full value was assured, as there would no longer be a piece possible with either serial number left.

And any piece, no matter how large, must have at least one serial number on it.
 
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