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The U.S. Secret Service
of money is one of the oldest crimes in
history. It was a serious problem during the
19th century when banks issued their own
currency. At the time of the Civil War, it
was estimated that one-third of all currency
in circulation was counterfeit.
- At that
time, there were approximately 1,600 state
banks designing and printing their own notes.
Each note carried a different design, making
it difficult to distinguish the 4,000
varieties of counterfeits from the 7,000
varieties of genuine notes.
- It was
anticipated that the adoption of a national
currency in 1863 would solve the
counterfeiting problem. However, the national
currency was soon counterfeited so
extensively it became necessary for the
Government to take enforcement measures. On
July 5, 1865, the United States Secret
Service was established to suppress
- How To
Detect Counterfeit Money
- Look at the
money you receive. Compare a suspect note
with a genuine note of the same denomination
and series, paying attention to the quality
of printing and paper characteristics. Look
for differences, not similarities.
- Portrait The
genuine portrait appears lifelike and stands
out distinctly from the background. The
counterfeit portrait is usually lifeless and
flat. Details merge into the background,
which is often too dark or mottled.
Reserve and Treasury Seals On a genuine bill,
the saw-tooth points of the Federal Reserve
and Treasury seals are clear, distinct, and
sharp. The counterfeit seals may have uneven,
blunt, or broken saw-tooth points.
- Border The
fine lines in the border of a genuine bill
are clear and unbroken. On the counterfeit,
the lines in the outer margin and scrollwork
may be blurred and indistinct.
Numbers Genuine serial numbers have a
distinctive style and are evenly spaced. The
serial numbers are printed in the same ink
color as the Treasury Seal. On a counterfeit,
the serial numbers may differ in color or
shade of ink from the Treasury seal. The
numbers may not be uniformly spaced or
Genuine currency paper has tiny red and blue
fibers embedded throughout. Often
counterfeiters try to simulate these fibers
by printing tiny red and blue lines on their
paper. Close inspection reveals, however,
that on the counterfeit note the lines are
printed on the surface, not embedded in the
paper. It is illegal to reproduce the
distinctive paper used in the manufacturing
of United States currency.
About Counterfeit Coins?
coins are struck (stamped out) by special
machinery. Most counterfeit coins are made by
pouring liquid metal into molds or dies. This
procedure often leaves die marks, such as
cracks or pimples of metal on the counterfeit
counterfeit coins are made primarily to
simulate rare coins which are of value to
collectors. Sometimes this is done by
altering genuine coins to increase their
numismatic value. The most common changes are
the removal, addition, or alteration of the
coin's date or mint marks.
- If you
suspect you are in possession of a
counterfeit or altered coin, compare it with
a genuine one of the same value.
- If it is
above five cents in value, it should have
corrugated outer edges, referred to as
"reeding." Reeding on genuine coins is even
and distinct. The counterfeit coin's reeding
may be uneven, crooked, or missing
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