How do you know a counterfeit dollar bill from a real one?

How do you know a counterfeit dollar bill from a real one? Topic: How do you know a counterfeit dollar bill from a real one?
June 26, 2019 / By Aherne
Question: This is for research for my novel. I know there's a watermark. But is there any ways to tell the difference, (other than play money) than it's phony?
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Best Answers: How do you know a counterfeit dollar bill from a real one?

Susan Susan | 1 day ago
dollar bills are not usually counterfeited. Mostly $100 bills. As one of your responders mentioned there is a micro strip at the left side of the larger denomination bills. On the 20 it says U S Twenty. I do not have any larger bills. Also if you look very carefully with a magnifying glass at the bill, you will notice red and blue fibers in the paper. They are not so easy to see with the new bills because the bills are inked over more completely hiding the fibers. Look on the non-inked portion of the bill. Finally, the bills are printed with printing plates. Some portions of the bills thus printed, will show the raised ink on the bill. Bills made with color copiers do not show the raised ink. On the twenty look at the gold 20 in the lower right corner of the bill and the eagle on the shield to the right of Jackson. But the red and blue fibers are the key.
👍 190 | 👎 1
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Susan Originally Answered: Pegging the dollar?
Just some clarification of the issue first - China has 'pegged' the yuan against the dollar since around 1995. This means that they adjusted interest rates and monetary policy to maintain the international exchange rate of the yuan to around 8.3 dollars. In July 2005, they adapted the policy so that this yuan could strengthen slightly to around 8.1 dollars. Officially, they also said that it would be valued against a 'basket' or range of currencies (especially the Euro, the British Pound and the Yen), instead of just against the dollar. However, informally, the Dollar is still very much at the forefront of monetary policy in China. The consequences depend on just how accurate (or innacurate) the current artificial value is compared to the real value that would happen if the currency were allowed to float freely (i.e. the peg were removed). Some say the Yuan is extremely undervalued, and many Congressmen argue that China wants to keep it that way so that it can flood cheap goods onto the US market. The argument that they should remove the peg is that, if the currency were allowed to float, then the price of imported Chinese goods would rise, and US firms would be able to compete and jobs would be saved. This is extremely simplistic, however. For a start, a lot of imports from China are not finished products - therefore, they provide work in the US anyway. If the peg were removed, the prices of these products would rise also, causing some unemployment in this area. Secondly, if prices were allowed to rise, this would contribute to inflation in the US. In a period when inflationary pressures are already strong (due to high energy and commodity prices), this would be extremely damaging. Higher interest rates are undesirable due to the flagging housing market, so a mini-recession would almost certainly ensue. However, the biggest argument against removing the peg is that the surplus capital that the cheap Yuan is creating in China is being used to support the US market. Without it, the post-dotcom bubble recession would have been much deeper and longer. Chinese money is also supporting the US government's enormous deficit, so interest rates have been able to stay artificially low. Hence, if China removed the peg, long-term interest rates would rise in the US, adding yet further pressure to the economy, and this without dampening the inflationary pressures mentioned earlier. Finally, there is some argument that the Yuan is not as undervalued as some people are suggesting. There is still high unemployment in large areas of China, and the weak Dollar is a result of poor economic management in the past few years by the US Government. The massive PSBR (i.e. Government borrowing), combined with an enormous trade deficit, means many investors have lost confidence in the Dollar. Therefore, the apparent 'strength' of the Dollar compared to the Yuan is only an illusion perpetuated by politicians who don't want to admit poor economic management. Hope that helps. International currency markets are not for the fainthearted, and are probably one of the hardest areas to start learning economics. Good luck though :)

Rahab Rahab
There is a water mark on the bill. Look for that. Also, you will want to test the "feel" of the bill. Bills are made from a cotton/wood fiber blend. If it feels funny, get a counterfeit detector pen and give it a swipe. Get a magnifying glass and check for the blue and red threads that are incorporated into the actual paper that the money is printed on. Make sure the president is Washington! (that has been counterfeited wrong - I've seen it). Flip the bill over and examine the back. Most counterfeits are only done really well on the front. Check to make sure that the margins are even. On any part of the bill, use an eye dropper to drop water on it. If the ink runs severely, test it with the pen to check its authenticity. A $1 bill does not have the magnetic security thread, so it is a bit harder to detect overall the counterfeits. Have fun with your novel!
👍 80 | 👎 -7

Melody Melody
There is a pen that most convenience store clerks use to determine authenticity. I believe that the ink reacts with the paper. Take the bill to your nearest convenience store and ask them to check it. I feel that this is the easiest way without you having to spend any money. If it's not real, they won't try to "bust" you since you aren't trying to buy anything. Other than that, bring it to your local police dept. If it's not real, you'll probably be out a dollar, but wont get "busted" because of your honesty.
👍 80 | 👎 -15

Leia Leia
Excuse my ignorance, but I never heard of anyone bothering to counterfeit a bill smaller than a ten. It would make sense to counterfeit one dollar bills because no one would bother to check if it was real or fake, like they would with a twenty or larger.
👍 80 | 👎 -23

Jonette Jonette
Larger bills like the 20 have a strip in them...if you are looking at the front hold it up to the light and look on the left side. You will see the strip inside the bill
👍 80 | 👎 -31

Jonette Originally Answered: Does Congress have plans to do ANYTHING regarding Fannie and Freddie and the potential trillion dollar losses?
I imagine government will do what they've always done in bad economy and potential citizen uprisings of anger. Keep the debt in the background so few actually know much about it, propagandize the willing idiots that like the idea of higer taxes and bilk the American citizen for much of thier hard earned money to cover up government irresponsibility
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