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The E-Sylum: Volume 10, Number 32, August 12, 2007, Article 27 COUNTERFEITERS WASHING, REPRINTING HIGHER DENOMINATION NOTES Counterfeiters in Louisiana are washing genuine notes and using the paper to print higher-denomination fakes. "The pen commonly used to identify counterfeit money isn't enough to tell that $100 bills being passed in Central Louisiana are phony. Bank tellers and store clerks need to look at other security features built into every bill, police say. "Counterfeiters have been removing the ink from $5 bills and printing them as $100s, said Alexandria Police Sgt. Lee Leach, who is a financial crimes detective. Because they use the paper from real money, they will pass the pen test, he said. "The pen's ink checks for chemicals embedded in currency. 'The pen can only tell if the paper is authentic or not ... If the money has been washed and you have a fake $100, it's no good and you're out of money,' Leach said. "Some businesses won't take any bill larger than a $20. But people counterfeit $20s and $10s, too, Leach said. 'We have counterfeit detection on currency counters, and it's a good idea for people to look to find Abraham Lincoln's face on a $100 bill,' Abshire said. 'I was a teller before, and those fake $100 bills look different. They are real good quality, but the color is faded looking.'" To read the complete article, see: Full Story Wayne Homren, Editor The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@coinlibrary.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum | |
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