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Do you always know if your money is real or not? I sure as heck don't (Original Post) demtenjeep Jun 2020 OP
Unless you are actually counterfeiting money Proud Liberal Dem Jun 2020 #1
I realize that... but people keep talking about "for a 20" and I realized any of us could be demtenjeep Jun 2020 #3
Yes Proud Liberal Dem Jun 2020 #6
Kick dalton99a Jun 2020 #2
This is one of my questions about the situation. If he succeeded in buying some cigarettes with a tetedur Jun 2020 #4
also in my city, anything higher than a 5 gets that little smear demtenjeep Jun 2020 #7
Yep. Or held up to the light. Yavin4 Jun 2020 #13
Google says 1% of US currency in circulation Boxerfan Jun 2020 #5
We just sold a truck and got cash marlakay Jun 2020 #8
it's happened to me gopiscrap Jun 2020 #9
I think that is what happened to George Floyd... MiniMe Jun 2020 #10
I worked as a cashier for a while meadowlander Jun 2020 #14
Years ago I was with two other women Generic Other Jun 2020 #11
Happened to me one time with a hundred dollar bill Raine Jun 2020 #12
Usually the Secret Service handles bad bills. cwydro Jun 2020 #18
I Think The Banks Call FBI ProfessorGAC Jun 2020 #19
Interned at a bank briefly...went through the teller training program. Xolodno Jun 2020 #15
It actually happened to me this week! I got a counterfeit R B Garr Jun 2020 #16
all I know is going all Gestapo over a counterfeit bill seems, well, INHUMANE Skittles Jun 2020 #17
agree demtenjeep Jun 2020 #20

Proud Liberal Dem

(24,391 posts)
1. Unless you are actually counterfeiting money
Wed Jun 3, 2020, 08:54 PM
Jun 2020

I can't imagine that any of us can know for certain. The larger point here is that we don't put people to death over a bad bill (or for a whole host of offenses). If the same thing had happened to somebody who wasn't a POC, there is no way that anything like this would have happened to them.

 

demtenjeep

(31,997 posts)
3. I realize that... but people keep talking about "for a 20" and I realized any of us could be
Wed Jun 3, 2020, 08:57 PM
Jun 2020

carrying "that 20"


and we would know.

Mr. Floyd was brutally murdered for nothing.

tetedur

(820 posts)
4. This is one of my questions about the situation. If he succeeded in buying some cigarettes with a
Wed Jun 3, 2020, 09:07 PM
Jun 2020

counterfeit bill and he knew it was counterfeit, why didn't he leave the scene?

I would have left if I knew it was fake.

The store clerks came out to his car, asked for the cigarettes back and they were rebuffed. Floyd and his companions nonchalantly stayed at the scene.

 

demtenjeep

(31,997 posts)
7. also in my city, anything higher than a 5 gets that little smear
Wed Jun 3, 2020, 10:07 PM
Jun 2020

before they ring up the purchase

Boxerfan

(2,533 posts)
5. Google says 1% of US currency in circulation
Wed Jun 3, 2020, 09:35 PM
Jun 2020

Is counterfeit.
So the odds are all of us have carried one or more at any given time.

And there are some very good counterfeits made by China & others.

marlakay

(11,425 posts)
8. We just sold a truck and got cash
Wed Jun 3, 2020, 10:12 PM
Jun 2020

Guy seemed nice but what do you know? I crossed my fingers at the bank. It looked like the new bills he said he got from his bank but they are good at counterfeit.

gopiscrap

(23,725 posts)
9. it's happened to me
Wed Jun 3, 2020, 10:39 PM
Jun 2020

I received a bad bill once and unknowingly tried to use it to pay for goods Nothing happened to me other than the retailer not accepting it

MiniMe

(21,708 posts)
10. I think that is what happened to George Floyd...
Thu Jun 4, 2020, 12:55 AM
Jun 2020

He didn't try to run. The store told him it was a bad bill, and he went to his car to see if he had another 20.

meadowlander

(4,387 posts)
14. I worked as a cashier for a while
Thu Jun 4, 2020, 01:15 AM
Jun 2020

and got passed a couple bad bills, mostly twenties, which I didn't notice when I was accepting them but noticed when I was counting up at the end of the day. The thickness of the paper was a bit off. There were some pretty good fakes out there in circulation twenty years ago and I imagine the technology has only gotten better.

It's entirely plausible for someone to have been given a fake as change or from an ATM and then to try to spend it without noticing it's a fake.

Generic Other

(28,979 posts)
11. Years ago I was with two other women
Thu Jun 4, 2020, 01:01 AM
Jun 2020

when we drove to the coast for the day trip. We got money out of a cash machine. One of the twenties must have gotten smudged by the rollers in the machine. We bought food somewhere and the cops pulled us over to question us about the "counterfeit." This was before the days of watermarks. We had to go back and give the store another bill. The cops took the suspicious twenty to check with a bank after the weekend. It was mailed back to us later.

None of us was arrested, handcuffed or choked to death.

Raine

(30,540 posts)
12. Happened to me one time with a hundred dollar bill
Thu Jun 4, 2020, 01:09 AM
Jun 2020

I had gotten it at a bank and then went to a different bank to deposit it (long story that involved buying a car). The bank just wanted to know where I got it and I told them what bank it came from. They told me to sit down and wait in case any more info was needed while they reported it to the FBI. After that I was free to go.

 

cwydro

(51,308 posts)
18. Usually the Secret Service handles bad bills.
Thu Jun 4, 2020, 07:13 AM
Jun 2020

Not the FBI.

When I worked at Disney back in the day, we saw quite a few bad bills. We got training from the Secret Service to spot them.

I still do a spot check on my bills.

ProfessorGAC

(64,827 posts)
19. I Think The Banks Call FBI
Thu Jun 4, 2020, 07:21 AM
Jun 2020

It's left to FBI to refer to secret service.
I was on the board of a large credit union for around 20 years. We had to review & approve teller & supervisor training & counterfeiting was part of it.
I recall that the supervisor responsibility was to contact local cops or the local FBI office. In our case, there was a small FBI office in our city, so we had convenient access to them.
There's likely a treasury department office in Chicago, but not local. So, FBI it was.

Xolodno

(6,383 posts)
15. Interned at a bank briefly...went through the teller training program.
Thu Jun 4, 2020, 01:23 AM
Jun 2020

I can probably spot a fake...with that said.

I never check anything below a $50 and I rarely ever carry denominations that large. If I go to a store where they have to check a $20....I'm going to avoid that store. Plus I usually get my cash from an ATM, so it should be OK. When I do get cash from the supermarket, its less than $30.

But then again, who knows how many times I may have received a counterfeit or passed one off unknowingly. One thing I've always noticed, only large bills get scrutinized....and yet I've gotten some one dollar and five dollar bills that obviously went through the ringer..how do I know they weren't intentionally made that way?

Your not going to get "rich" doing that, but....$15 in gas here and there, some quick groceries every once in the while...particularly if your out of town, road trip, etc. It would make life for someone a bit easier....and recollect from my econ courses, some counterfeiters never use the money they make in the USA....but flows back our way eventually. But going big time, usually results in you getting caught...like the bank robber who returns to the same banks to rob after awhile, they get careless and assume they won't get caught.

R B Garr

(16,950 posts)
16. It actually happened to me this week! I got a counterfeit
Thu Jun 4, 2020, 01:47 AM
Jun 2020

$20 from my own bank! I hesitate to talk about these personal stories, but I did my routine of withdrawing money from the bank to take right over to the credit union to pay bills. The credit union teller said one of the $20’s wasn’t running through the machine. It had all been in a bank envelope I handed to her.

Long story short, they had to keep the $20 to take out of circulation, but get this! They fill out a form to the Secret Service and attach the $20. But the form has my name on it as presenting it to the bank.
I’m still furious over it.

We’re going to file a police report, and the branch manager was excellent, but it was a bad scene when I went back to the teller I got it from and his coworker was a snot and I wasn’t in the mood for her bullshit. What a hassle.

I guess stores call the police, but I went from one bank to another. It’s scary to think what could have happened in a store and they called the police.

The bank manager said they wear gloves now with Covid and can’t feel the money the same way. I just assumed any money from the banks were run through their machines before giving to a customer, but they said they didn’t have one — this was at a grocery store branch, so very small. All the other big branches keep closing because of Covid. So irritating.

Anyway, that’s my public service announcement. Have the banks check each bill before you leave. I’m afraid of ATMs until everything reopens and I’m sure of the bill checking.

Oh, and on top of that, some banks won’t reimburse you. Ours did but it’s an aged account, etc.

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