Counterfeits of new $20 bills starting to appear

Certainly didn't take people long to give it a try.

Details on CNN Money website. http://www.cnn.com

On 29 Oct 2003 08:10:30 -0800, (John Stone)
wrote:

Certainly didn't take people long to give it a try.

Details on CNN Money website. http://www.cnn.com

What I don't understand is - as long as the old 20's are legal tender,
how does that help the situation? A counterfeiter can continue
printing old 20's, right?
Barry
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Note - Remove the X from my e-mail address for direct replies

From: John Stone

http://www.cnn.com

It only mentions the MA and the IN events, but not the one in GA.

8-/


Coin Saver

(Barry K) wrote in news:3f9fe970.17544203
@news.cis.dfn.de:

On 29 Oct 2003 08:10:30 -0800, (John Stone)
wrote:

Certainly didn't take people long to give it a try.

Details on CNN Money website. http://www.cnn.com

What I don't understand is - as long as the old 20's are legal tender,
how does that help the situation? A counterfeiter can continue
printing old 20's, right?

Well, since these paper notes don't last as long as coins, it would be darn
weird to run across a new old 20 dollar bill as time goes on.



Barney

John Stone wrote:

Certainly didn't take people long to give it a try.


If the BEP keeps up this frequent-new-design pace, people will become
even more confused about what a real note is supposed to look like.
That will only make it easier for the counterfeiters.

I remember that French notes were (and maybe still are) printed in many
colors that blend into each other. What is their experience with
counterfeiters?

Tony

"Barry K" wrote in message
...
On 29 Oct 2003 08:10:30 -0800, (John Stone)
wrote:

Certainly didn't take people long to give it a try.

Details on CNN Money website. http://www.cnn.com

What I don't understand is - as long as the old 20's are legal tender,
how does that help the situation? A counterfeiter can continue
printing old 20's, right?
Barry
--
Note - Remove the X from my e-mail address for direct replies

In rec.collecting.coins Mark wrote:
On Wed, 29 Oct 2003 17:11:15 GMT, Barney wrote:

(Barry K) wrote in news:3f9fe970.17544203
:

What I don't understand is - as long as the old 20's are legal tender,
how does that help the situation? A counterfeiter can continue
printing old 20's, right?

Well, since these paper notes don't last as long as coins, it would be darn
weird to run across a new old 20 dollar bill as time goes on.

True, but counterfeiters try to 'age' their bills by crumpling and staining
them sometimes.

Right, but in another 7 year's time, when we move to yet another $20
bill, someone having a huge stash of the "really old" $20 bill will
raise eyebrows. Counterfeiters can only remain at most one generation
behind, and even then they have to avoid trying to move huge quantities
of them.

--
davewang202(at)yahoo(dot)com

"David Wang" wrote in message
...
Right, but in another 7 year's time, when we move to yet another $20
bill, someone having a huge stash of the "really old" $20 bill will
raise eyebrows. Counterfeiters can only remain at most one generation
behind, and even then they have to avoid trying to move huge quantities
of them.

The other day I got one of the old design fivers, it raises eyebrows and
looks a bit unfamiliar when you first see it.

Actually some counterfeiters try to pass off new looking notes because
people may not be overly familiar with them yet and it may be easier to pass
it off as the real thing.

Dave


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Barney wrote:
(Barry K) wrote in news:3f9fe970.17544203
@news.cis.dfn.de:


On 29 Oct 2003 08:10:30 -0800, (John Stone)
wrote:


Certainly didn't take people long to give it a try.

Details on CNN Money website. http://www.cnn.com

What I don't understand is - as long as the old 20's are legal tender,
how does that help the situation? A counterfeiter can continue
printing old 20's, right?


Well, since these paper notes don't last as long as coins, it would be darn
weird to run across a new old 20 dollar bill as time goes on.

Amazing what a clothes dryer and some plastic games tokens can do.

Not that I have tried, but I have seen the end result.

Colin Kynoch

John Stone wrote:

Certainly didn't take people long to give it a try.

Details on CNN Money website. http://www.cnn.com


The US desperately needs to consider polymer notes.

They are incredibly more difficult to counterfeit.

But then you don't need any cotton to make a polymer note.

Colin Kynoch