Posts Tagged ‘Money Detectors’

Have you heard about the new ten-dollar bill?

Thursday, March 30th, 2006

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.

Counterfeit Money Continues to Be a Problem As the U.S. Government Changes Bills. Are You Safe?

Monday, November 8th, 2004

Counterfeit Money DetectorCounterfeit money is a growing problem that continues to grow with technology. Color copiers, printers,
scanners and high-tech software make counterfeiting money easier than ever before. Criminals can use a personal computer to quickly create a counterfeit bill that can pass by the naked eye as legal tender. This growing problem is costing businesses around the world thousands of dollars in lost revenue

Although many counterfeit bills may pass the naked-eye check, many additional features are put into a bill for easy authentication. Many counterfeit detectors are now available to help thwart counterfeiting efforts using several methods to detect fake bills.

These are some of the methods currently available:

Currency created by a color copier or printer produces an image that rests on the surface of paper that can
easily be seen when UV light is placed over it. Tiny particles of toner outside the image can also be easily seen with a UV light. Bill counters and counterfeit detectors have a UV light built into the machine. If a counterfeit bill is run through the machine, an alarm or light will alert you that the banknote is counterfeit.

U.S. banknotes are made with magnetic components. Several foreign currencies and travelers’ checks are also made with magnetic components. MG detectors are capable of detecting the magnetic components in money. When a detector does not find the presence of the magnetic components, an alarm or light will sound letting you know the money is counterfeit.

U.S. and other foreign currencies are printed with special marks and symbols that cannot be seen without the use of a magnifier. By using a magnifier, and knowing what to look for, you can see if the bill is counterfeit. This process takes longer and is not built into automatic bill counters or counterfeit detectors.

Watermarks are marks that are specially embossed into U.S. and other foreign currencies. These watermarks can be easily seen when held up to fluorescent light. Watermarks are hard to duplicate and when fake, are easily detectable.

Some U.S. and foreign currencies have a metallic, color-changing emblem stamped into the banknote. An example is the U.S $100 bill that has a stamp in the lower right hand corner that will change from black to green. This is easily detected by the naked eye. Light reflection stamps are not detected by automatic bill counters and counterfeit detectors.

To learn more about the history of counterfeit money, please take a look at our counterfeit prevention guide.

Many bill counters are also built with counterfeit detection in them. One of the more popular bill counters on the market is the ABC V-10. This bill counter is compact, portable and can count up to 600 bills a
minute.

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