The issue of counterfeit money and how we are clueless in identifying such kind of money
How many of have been victims of counterfeit money and we didn’t even realize it as we helped the fraudsters to perpetuate their game? How many of us can tell when their money is fake? And how many of us know the steps to take when you discover this and more so what do you do when you realize the fake note was from your banks ATM, do you report it? Do you shrug it off and mind your business?
If you suspect that some money in your wallet is counterfeit, do not shrug and spend it anyway. If the recipient calls police and the bill is indeed found to be counterfeit, the responsibility falls upon you, even if you plead ignorance.
Thus, it is important to proactively turn the money into the police department, which you will lose. Many businesses everyday lose money due to counterfeit cash. Counterfeiters constantly develop more sophisticated techniques in order to fool business owners and shop assistants. So how can you tell if money is counterfeit?
Notes may feel or look very genuine, but you may not be able to tell if money is fake with just a glance. Do not be embarrassed to check suspect notes in front of customers. It is in everyone’s interest that these notes are taken out of circulation. The notes should be thoroughly checked if they are suspicious.
There are a number of techniques that can be used to tell if money is counterfeit. People handle money everyday on a regular basis. We may not be aware of it, but our touch senses are often able to differentiate between real and counterfeit money. Real notes have minute fibers embedded in the paper; counterfeiters try and replicate this, but the fibers may not be embedded.
The paper of a counterfeit bill will also feel different than that of genuine bank notes. It may be more limp than the special paper that real notes are printed on. Another age-old way to tell if a bill is fake is to hold it up to a light. Watermarks and a thread running through the note should be visible when held to the light. Counterfeiters will try and replicate these, but the detail will typically not be as fine as the original.
Other techniques you can use to tell if your money is fake are;
Hold the bill up to a light. Look to the right of the presidential portrait in the center. A watermark will be visible in that empty space, if the bill is real.
Look for the security strip that runs through the bill as you hold it up to the light. Look for the strip on the right side of the notes. Find the treasury seal. Compare its color to the serial numbers. Both are the same color on authentic bills.
Feel the paper. If it seems too thick or coarse, it is probably counterfeit. Inspect the paper to verify it has small red and blue threads embedded. Fake money often has the red and blue flecks merely printed, which becomes obvious upon closer inspection.
Hold the bill under ultraviolet light to perform the ultimate test. Counterfeiters rarely worry about replicating this security feature because few check their money under ultraviolet light.
Have a free fake money week.
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