Preview

Counterfeit Money

Good Essays
Open Document
Open Document
712 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Counterfeit Money
How to detect counterfeit money On a day to day basis we are constantly dealing with cash, most of the time we do not even stop to pay attention to the details and markings that are on these many bills. In fact, it is a good chance that maybe; you are holding a counterfeited bill. Counterfeiting money is one of the oldest crimes in history. During the Civil War, it is estimated nearly one-third of all currency circulating around the United States, was counterfeited. In the next four to six minutes, I will get you to look at your money in your wallets a little different and take more recognition as well.
Around the Civil war time period, there were nearly 1,600 estimated state banks, which each printed and designed their own notes or bills. Counterfeit set fire since there was so many different designs that were easy to replicate. It wasn’t until July 5th, 1865, the United States Secret Service was created to stop and suppress counterfeiting. Retailers now use different techniques to distinguish counterfeited bills from genuine bills.
The first technique is observing the portrait. On a genuine bill, the portrait will be life like and clearly recognize all features. It will also stand out from the background distinctively. On a counterfeit bill, the portrait is dull and lifeless. The portrait will also blend into the background, which is often to dark.
Another technique is observing the Federal Reserve and Treasury Seal. On an actual bill, the seal will have saw-toothed points that will be sharp, clear and can easily be distinguish. On Counterfeited money’s seal will have dull points; it will appear blurry and uneven as well.
Third technique is recognizing a faulty border. A real bill borders will be very clear and unbroken compared to a counterfeit bill which will be broken and very blurry to the eye. Due to the printing method between an actual bill and a fake one, the ink on a counterfeited one will bleed through the paper causing the blurry effect.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    As I started to explore my topic to answer my question, I began with an article that my instructor provided called “Terror’s Purse Strings” from Practical Argument by Dana Thomas. Thomas wrote the article because most people think buying an imitation handbag or wallet is harmless and a victimless crime. Her intentions are for her readers to recognize the hazard that comes with fakes. To summarize Thomas’s article, she first talks about the danger of who sells counterfeit and the criminal organization that comes with it. For instance, most criminal organizations support terrorism and child labor.…

    • 225 Words
    • 1 Page
    Satisfactory Essays
  • Better Essays

    APUSH Notes

    • 1693 Words
    • 7 Pages

    After expiration of charter, state banks offered difft currencies at difft values  confusion and counterfeiting…

    • 1693 Words
    • 7 Pages
    Better Essays
  • Good Essays

    * Presidential dollar, first issued in 2007: The mintmark and date are found on the rim of the coin.…

    • 2026 Words
    • 9 Pages
    Good Essays
  • Good Essays

    Fraud Examination

    • 387 Words
    • 2 Pages

    Review 3-6: The first method used to conceal larceny occurring at point of sale is thefts from other registers. It involves simply taking from someone else's register. The next method is death by a thousand cuts. Death by a thousand cuts is stealing currency in very small amounts over an extended period of time. The third method is reversing transactions. This is done by reversing transactions such as false voids or refunds. This will cause the register tape to reconcile to the amount of cash on hand after the theft. The fourth method used to conceal larceny at point of sale is altering cash counts or cash register tapes. This is done by altering the cash counts from the register to match the total receipts reflected on the register tape, or instead of altering cash counts, manually altering the register tapes. The last method that is used to conceal larceny at point of sale is to destroy the register tapes. By not being able to make the cash and the tape balance, the best thing to do is destroy the register tape to prevent others from discovering the imbalance.…

    • 387 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    pieces come with a tamper proof hologram attached to item & certificate. In most cases we…

    • 386 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Essay On Inukshuk

    • 627 Words
    • 3 Pages

    Both the front and back of the bill should have the raised ink on the large digit “5” only. Small Words Look for the small words that says “FIFTY DOLLARS” beside the transparent border. This security featureshould appear on both sides of the bill. Bibliography for counterfeit deterrents…

    • 627 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Marco Polo Research Paper

    • 1384 Words
    • 6 Pages

    scale. These paper bills were made from very thick, strong bark. They were printed and then…

    • 1384 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Currency could be issued by almost anyone…There were many problems that stemmed from this, including that some currencies were worth more than others. Some currencies were backed by silver or gold, and others by government bonds. There were even times when banks didn’t have enough money to honor withdrawals by customers…This is why the Fed was created.”…

    • 726 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    The pennies are worthless

    • 370 Words
    • 2 Pages

    lot of time to count, unlike the other bills. The cashier has to count every penny…

    • 370 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    In 1877 based on the investigations and information from the Secret Service, Congress passed an Act prohibiting the counterfeiting of on coin, gold, or silver bar. And in 1883 the Secret Service was officially acknowledged as a official and…

    • 1449 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Credit Card Fraud

    • 729 Words
    • 3 Pages

    Credit Card Fraud is one of the biggest threats to business establishments today. Originally, credit cards simply carried raised numbers that were transferred to a carbon copy with a card-swiping machine. The merchant simply accepted any card presented. Spending limits and printed lists of lost/stolen cards were ineffective in preventing fraud and other financial losses. Merchants were required to telephone a transaction authorization center to get pre-approval of the transaction. The volume of telephone traffic grew too great, and more automated authorization systems allowed faster, easier, and verified transactions. Magnetic stripes on the backs of these payment cards started to appear and that allowed computers to be used at both ends of the call.…

    • 729 Words
    • 3 Pages
    Good Essays
  • Good Essays

    For example, medication that is counterfeit has not been inspected by government agencies such as the FDA to ensure their effectiveness and quality. Often those products can often cause more harm than good. There have been cases in the past, that items such as washing detergent that were counterfeit was made from harmful chemical nowhere near the chemical that are used in the real product. People that purchase those counterfeit products are put their lives at risk.…

    • 1301 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Thomas cites different people, whose job is closely related to counterfeiting of luxury goods, to support her arguments. For example, the mention of the testimony of the secretary general of Interpol is crucial to support her argument that relates the production of fake goods to well-known criminal organizations. The secretary general of Interpol, Ronald K. Noble, states that the profit made by the sell of counterfeiting good goes to groups associated with criminal organizations, such as Revolutionary Armed Forces of Colombia. (Thomas, par 5). Also, the author describes her first-hand experience to counterfeiting when visiting a clandestine factory in Guangzhou which grants her credibility on the topic. The author offers a detailed description of her visit to the factory which provides support to her argument that counterfeiting is negative, not only because it affects the legit companies profi/economy, but also innocent human lives. (Thomas par 7). It is also effective that the author connects her appealing to ethos through her personal experience to her appealing to…

    • 774 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Persuasive Outline

    • 676 Words
    • 3 Pages

    2. Definition of counterfeit: Country of origin is not identified, and craft is sold as genuine native.…

    • 676 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    In addition, when one decides to purchase something on the internet, credit cards will be mandatory. That is because the card contains numbers which are going to be typed. That will also prevent sending fake money to the organization which will receive the money. However, if cash can be accepted in online purchases, there will be a lot of manipulation because cash cannot contain any digit numbers compared to the credit cards that have many numbers, such as the card number and name of the holder. Those information are subjective to change in case there are illegal transictions.…

    • 375 Words
    • 2 Pages
    Satisfactory Essays