Counterfeit money will typically go unnoticed at first glance. In fact many of us never give counterfeit money a second thought, although they will have numerous negative effects on society. These can include giving a decreased value to authentic money, businesses are not usually reimbursed for any form of counterfeit money that they receive and this in turn may cause prices to go up. These increases in prices may also cause inflation to go up and this is mainly due to the amount of unauthorized and artificial money in general circulation.
There have been various developments in computer technology and photocopying which has made the illegal reproduction of money, notes and bills far easier. For this fact alone, it is essential that you are far more wary of the money that you handle and you should always pay very close attention in order to spot a counterfeit. Counterfeit money detectors are commonplace in banks and retail businesses, and many people even have one at home. It is, indeed, worthwhile investing in a counterfeit money detector if you often handle large denominations of money.
There are several kinds of counterfeit money detectors and these include:
Counterfeit detector pen – authentic money and bills are typically printed on special, fiber-based paper. However, the producers of counterfeit money will typically use color copiers and color printers to create reproductions. You will generally find that these people are not very cautious, and their accuracy leaves a lot to be desired. If this is the case, you will find that a counterfeit detector pen can be extremely effective in spotting fake money. A counterfeit detector pen will use an iodine solution that is able to react with the starch that is most often found in wood-based paper. The reaction between wood-based paper and iodine will create a black stain. However, if the pen is applied to an authentic bill you will notice no reaction whatsoever. This is a very simple process, but a counterfeit detector pen will always detect currency bills that have been printed on regular paper.
UV counterfeit detection machines – if a banknote is specifically created by using a printer or color copy machine it will merely produce a superficial image on the paper. If this type of note is placed under an ultraviolet light it can be easily detected. You should notice tiny particles of printer toner that will usually surround the image, and these are often referred to as the “bleed”. You will also find that the majority of bill counters will have a special UV light built-in. This is one of the most effective methods to spot counterfeit bills and notes as it does not allow for human error. As soon as a counterfeit bill passes through a UV counterfeit detection machine, a light or alarm will immediately alert you.
There are certain other methods of detecting counterfeit bills and notes such as magnetic detection. A magnetic detector will typically alert you to the magnetic components that are found in authentic bills. However, if you are unable to detect any magnetic components, the bill is likely to be a fake. Another method to check for counterfeit notes is via magnifying detection. To use this method you will need to be familiar with the different types of bills and notes that are in circulation. This will involve using a magnifier to spot special symbols or marks that are generally found on an authentic note. This is a completely manual process and, therefore, human error may be a factor.
You will also find that the majority of US and world currencies are embossed with watermarks. If you hold an authentic note or bill up to a fluorescent light you will immediately be able to spot these watermarks. Watermarks are known to be extremely difficult to reproduce and so it shouldn’t be too difficult to spot a fake. Many notes and bills also have a metallic color changing emblem stamped onto them. An example of this will be a US $100 bill which has a stamp that changes from black to green in the lower right-hand corner. This is a simple way to detect a counterfeit note.
A counterfeit money detector is obviously a fantastic investment for any business. With more and more counterfeit notes being found in circulation on a daily basis, it is essential to both you and your business that you only ever accept authentic money. As mentioned, many banknote counters also come with a counterfeit money detector, although you can also purchase a standalone detector. A standalone counterfeit money detector will be fairly inexpensive and many of the most basic models retail for well under $100. You should always view any form of counterfeit detection equipment as an investment, as it is likely to pay for itself over and over again.