Counterfeit currency

1. Counterfeit {koun-ter-fit]: to imitate or copy,
especially with the intent to deceive.
By: Lidia Rusnac
Counterfeit currency
Mt. Hood Community College – [Speech 111]

2. History
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• No specific date that tells us when counterfeit
currency started being produced
• Traced back all the way to ancient times
• “as long as there was currency being produced there
were counterfeits”

3. • For Coin that was more common in the 1600’s but less common
now, they used a technique called “clipping”
• Clipping: the process of clipping off edges of legitimate coins and
melting them together to make counterfeits. Stamping them with
the denomination of your choice.
• Variety of ways paper counterfeits are made
• Most common is scanning and printing on paper
• Using pieces of other bills to construct a full bill
How it’s made
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4. Current problems
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• In 2010 alone there were 64.4 million dollars worth of
counterfeits in circulation.
• Highest number in 5 years
• Why? Since the downturn in the economy people have
become desperate for money
• Counterfeiters mind set: “since I don’t have any money, I’ll
just make some”
• Problems likely to persist of get worse until the economy
turns around

5. • Similar effect as to if there are to many legitimate bills printed
• The more money being printed and being circulated in the economy the
less value it holds
• The more counterfeits being circulated into our economy the more the
value of the dollar dilutes, and our dollar becomes less trusted.
• The problem also arises when you find yourself a victim. You have just
lost the value that was supposed to be that bill. In this time, every penny
counts.
How it affects us
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6. • In the 1600’s the punishment for the production of counterfeits was
death.
• It was considered an act of high treason and was treated as a very large
crime.
• There were warnings printed on the bills themselves that read “to
counterfeit is death”
• Today it is considered a federal felony and if found guilty you could
serve up to 15 years in prison
• On top of prison they seize all materials used in the production of the
counterfeits.
Punishments
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7. • Federal notes are made with characteristics virtually impossible to re
create.
• Things to look for:
• 1. Ridges on the Jacket
• 2. Rub against paper. Ink never dries so it will smear green when rubbed
• 3. Outline of the presidents face on right side when held to light
• 4. Security strip on left side. Can be seen when held to light
• 5. Color. Darker/Lighter
• 6. Texture/Thickness is always skewed.
• If it looks funny, it’s most likely a counterfeit.
Detection
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8. What to look for
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9. • Bring it to a bank
• Banks send it to Secret Service and has it examined to try and find the
source.
What to do with a counterfeit
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10. http://wfhummel.cnchost.com/counterfeiting.html
http://www.content4reprint.com/culture-and-society/current-
affairs/different-legal-punishments-given-for-producing-counterfeit-money-
by-different-countries.htm
http://www.itestcah.com/history-of-counterfeiting.html
References
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11. Thank you for Listening!
The end
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