DailyDirt: Funny Money
from the urls-we-dig-up dept
Just about every denomination of US currency has been counterfeited at some point. But there are some really good copies out there (aka supernotes) that are extremely difficult to detect. In response, every few years, the government has to issue new bill designs that are harder and harder to duplicate. Here are just a few interesting links on detecting fake money and issuing new currency.- The US Federal Reserve will introduce a new $100 bill with added security features on October 8, 2013. The new bill will be confusing and complicated, so counterfeiters will have a small window where they'll likely be able to pass off a slightly different (but equally confusing) new-looking C-note. [url]
- Ireland's Central Bank says it's offering refunds for a commemorative coin that misquotes a phrase from Ulysses. It was an unintentional error on a coin meant to honor James Joyce, but the bank is still planning to sell the coins -- explaining that the text was "an artistic representation of the author and text and not intended as a literal representation". [url]
- The US secret service has trained counterfeit detection canines to help sniff out fake money. The dogs and their handlers went through a 12-week training program and were deployed in Colombia to find counterfeit currency. [url]
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Filed Under: bills, coins, counterfeit, currency, james joyce, money
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A likely story
They just didn't want to get sued by the Joyce estate.
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Re: A likely story
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FRB NY
A quote from the GAO report: http://www.gao.gov/assets/330/321506.pdf
"JPMC was extensively involved in the emergency programs as both a borrower and a vendor at the same time its Chief Executive Officer served as a Class A FRBNY director."
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sounds familiar
This sounds an awful lot like the racket some U.S. police forces were running years ago, where they'd seize cash if a drug-sniffing dog "responded" to it -- or if they simply claimed that it had.
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LOL
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Re: sounds familiar
> about how accurate these counterfeit-sniffing
> dogs are, or whether anyone has actually tried
> a controlled test of their abilities.
Pretty accurate-- at least as accurate as drug dogs-- and yes, they've been scientifically tested.
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