by
Lars Hindsley
on Fri 25 Jul 2008 01:25 AM EDT
The last person to pass a counterfeit is the person stuck with it. No one wants to be the last one holding an ersatz bill (sourdough). Neither banks or merchants receiving one are obligated to reimburse or compensate the party passing the bill. (U.S. Code Title 18, Section 471). Knowingly passing funny money is criminal. Meanwhile new bills such as the new $5.00 bill are on the streets now. You don't need to be a numismatist to keep yourself out out trouble.

How do you tell if the money in your pocket is real? The United States Secret Service has tips on detecting funny money. You can buy a special marker that when applied to real currency it leaves a yellow mark that fades. If it is a fraud, a dark or black ink stroke will remain on the bill. It appears the U S Reserve has a web site dedicated to keeping citizens updated on our currency. It's called the MoneyFactory.gov. Here you can read up or download materials on how to steer clear of phony bills.
There are in fact many security features built into modern bills. I've been to the Federal Reserve in Philadelphia and there you can learn more about it. Of course you can take an instructional course on identifying counterfeit money elsewhere.
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