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Thread: counterfeit $$$ ?

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    Default counterfeit $$$ ?

    here's a new one. someone at my club received a counterfeit 100. i had heard that you can turn this money in to the secret service and get a redemption. is this true? the item does pass through the pen test. i know someone who got a fake 100 years ago from a bank and was redeemed, but this was a long time ago. do they still do it now?

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    Featured Member Katherine's Avatar
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    Default Re: counterfeit $$$ ?

    Was that a typo? Did you mean ten years ago?

    I've never heard of anyone getting a redemption. I know that if you bring it to a bank they simply confiscate it. You just lost that money.

    When I have a bill I think is fake, I don't pen test it. One it has that black line on there, everyone knows. Not that I condone my behavios, or think that it's fair, but I lay it off on someone else.

    I've twice received money I thought was fake. I try to spend it somewhere where I know they don't pen test. Or I'll leave it when I pay at a restaurant or something. Sucky, but...

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    Featured Member Vamp's Avatar
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    Default Re: counterfeit $$$ ?

    I think your friend got some things mixed up.

    If you have a ripped up bill you can turn it into the Federal Reserve and be reimbursed.

    http://minneapolisfed.org/econed/curric/counter.cfm

    "You are not reimbursed for turning in counterfeit bills; however, you protect yourself from trouble by following proper procedures."

    The easiest way to see if a bill is fake is to check the watermark. The watermark will always match the picture on the bill.

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    Default Re: counterfeit $$$ ?

    Quote Originally Posted by scarymary77
    here's a new one. someone at my club received a counterfeit 100. i had heard that you can turn this money in to the secret service and get a redemption. is this true? the item does pass through the pen test. i know someone who got a fake 100 years ago from a bank and was redeemed, but this was a long time ago. do they still do it now?
    she said someone got a fake 100 dollar bill years ago.....but i would imagine that if u got a counterfeit bill from a bank and u knew b4 u walked out the door that they would HAVE to give u another one....i dont think u could get reimbersed by taking it to the secret service though......and if it passes the pen test, just take it to a little convenient store or a restaurant....thats what i would do

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    Default Re: counterfeit $$$ ?

    ^^^ But you would be passing counterfeit money though!

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    Default Re: counterfeit $$$ ?

    Its probably safe to say if most of us got a counterfeit $100, or perhaps even a counterfeit $50 or $20, we'd probably have the audacity pass it on. You feel guilty about it and all, but that's a lot of money to be out if you do the honest thing.

    Carrying around a counterfeit detection pen yourself is a good suggestion. Also if your club has blacklights, or you have a handheld blacklight device you can check with that to see if the security strip in the bill glows a certain color.
    Former SCJ now in rehab.

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    Default Re: counterfeit $$$ ?

    I thought I got a couple fake 20s at work once, and I used it to pay my house fee that night. Stuck them between some other bills. Let the club deal with it.

    Quote Originally Posted by pheno View Post
    When you lead a nontraditional life don't try to measure it with traditional milestones.

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