Have you heard about the new ten-dollar bill?

This month the United States is circulating a new ten-dollar bill through commercial banks to try and combat of the United States, while keeping you from falling victim. The majority of the new ten-dollar bill’s features will remain the same as before.

The new ten-dollar bill has added the words “We the People” in red text. The font is that found on the U.S. constitution. The new bill will also feature two red Statue of Liberty torches. The new bill is designed to prevent counterfeiters and help protect the currency. The new currency began circulating March 2, 2006.

Distinguishing real bills from fake can be difficult. Printers and scanners are now able to product high-quality prints that can make counterfeit money appear to be real. Because counterfeiters are using high-tech means to copy money, businesses need to use high-tech means to combat this problem.

The new ten-dollar bill incorporates several “visual” methods of detecting counterfeit money. These are three methods easily seen with the naked eye:

  • First is a security thread. The thread goes the entire width of the bill and states USA TEN along with
    small flags.
  • Second is a watermark of Alexander Hamilton’s head that can be seen when held to light.
  • Third is color-shifting ink. This can be found in the lower-right corner of the ten-dollar bill. The color  will shift from copper to green, depending on the angle it is held.

These are the most important counterfeit detection methods used today:

  • The first is UV (ultraviolet) detection. UV counterfeit detectors have a dark light that makes built-in features in tangible currency light up and appear yellowish green.
  • The second is MG (magnetic). MG detectors detect magnetic ink that is in U.S. currency. When a bill is slid over the MG detector, a light or other indicator will let the user know if it is authentic or fake.

ABC Office continues its efforts to try and help educate businesses and individuals regarding counterfeit money problems. ABC Office has an online fraud prevention guide that can be accessed here. To see the different types of counterfeit detectors that are currently used by banks and businesses, please go here.

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