DETECTING COUNTERFEIT MONEY Presented by: Sherry Hewlett Elbert County Treasurer Public Trustee Counterfeit Bills in Circulation According to the United States Department of Treasury, an estimated 70 million in counterfeit bills are in
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Presentation Transcript
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DETECTING COUNTERFEIT MONEY Presented by:
Sherry Hewlett
Elbert County Treasurer/
Public Trustee<br>
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Counterfeit Bills in Circulation According to the United States Department of Treasury, an estimated $70 million in counterfeit bills are in circulation, or approximately 1 note in counterfeits for every 10,000 in genuine currency, with an upper bound of $200 million counterfeit, or 1 counterfeit per 4,000 genuine notes.<br>
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Percentage of $20 Bill in Circulation About 60 percent of that is in the U.S. The $20 bill is the most common counterfeit denomination in the states, while the $100 bill is the most common overseas.<br>
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How to detect counterfeit US money Feel the texture of the bill.
Compare the bill with another of the same denomination and series.
Notice the relative flatness and lack of detail on the fake bill. Look carefully at the printing quality.
Look for colored fibers in the paper.
Examine the serial numbers.
Look for security features in all denominations, except the $1 and $2.<br>
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What to look or feel for. Look for security thread (a plastic strip) running from top to bottom.
Hold the bill up to the light to check for the watermark. The image of the person whose portrait is on the bill can be found on all $10, $20, $50, and $100 bills series 1996 and later.
Use a magnifying glass to view micro-printing. For example, $100 bill The United States of America along Franklin’s collar.
Run your fingernail over the portrait’s vest of the bill. You should feel distinctive ridges, printers cannot reproduce this.
Bills should have even/flat edges not jagged.
Serial numbers are evenly spaced between numbers<br>
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Former Secret Service Agent Explains How to Detect Counterfeit Money<br>
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How to spot a counterfeit. Tien Nguyen<br>
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What to do if you receive a counterfeit bill. Do not give the counterfeit bill back to the customer or department depositing.
Move the bill out of reach.
Observe customer’s description and/or any companions.
Take note of their vehicle and license plate if possible.
Explain to customer that the bill does not appear to be genuine and that you are not able to accept it as payment.
Ask them to stay so they can give a statement to the authorities. This Photo by Unknown Author is licensed under CC BY-SA<br>
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Steps for the cooperative customer. Call your Sheriff’s office or local law enforcement.
Do not call 911 unless it is an emergency.
Let law enforcement know you received a counterfeit bill, and the customer is cooperating and willing to wait to give a statement to the officer.
Continue to monitor the situation for any unusual behavior.<br>
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Steps for the uncooperative customer. Keeping the customer or the bill is NOT worth your life!
Try to talk the customer down.
Use a calm voice and drop the volume level if needed.
Let them talk.
Do not take offense or interrupt.
Do not try to stop them physically from leaving.
Write down customer description along with companions.
Try to get their vehicle information if possible.
Call your Sheriff’s office or local law enforcement.
Let law enforcement know the customer has left and was uncooperative.
File the appropriate paperwork with the officer. This Photo by Unknown Author is licensed under CC BY-NC<br>
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What about the deposit/payment? The counterfeit bill cannot be credited to the customer’s transaction.
Replace the counterfeit bill with a legitimate bill.
If they need to come back with additional funds, give them their money back but NOT the counterfeit bill.<br>
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This Photo by Unknown Author is licensed under CC BY<br>
