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  • How to spot counterfeit money

    Posted Oct 11 2007, 08:24 AM by Karen Datko
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    This post comes from Philip Brewer at partner blog Wise Bread . It used to be that spotting a "good" counterfeit bill was impossible for ordinary people. If it was good enough to pass the "look and feel" test, an ultraviolet light or a magnetic ink detector would be needed to detect fraud. But for the past 10 years, the U.S. Bureau of Engraving and Printing has been making bills that are easy to check for authenticity. The amount of counterfeit money in the United States is low enough that most people feel safe taking money with barely a minimal check for counterfeits. Does it look and feel like money? Then it probably is. But have you ever gotten a bill and thought something -- either the bank note or the person giving it to you -- seemed a little off? Ever wished you could quickly check to see if it's good? Well, here's how: Look and feel. This is as far as most people go, and it's good enough most of the time. U.S. bank notes are printed on special paper that's 75% cotton and 25% linen   Read More...
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