Starting this month, a new ten-dollar bill is being circulated throughout the world to try and combat the ever-increasing counterfeit money issue.
March 22, 2006
KAYSVILLE, Utah, March 22, 2006 – This month the United States is circulating a new ten-dollar bill through commercial banks to try and combat counterfeit money, while keeping you from falling victim. The majority of the new ten-dollar bill’s features will remain the same as before. The new bill can be seen here: the increasing counterfeit-money issue. The new ten-dollar bill has added the words “We the People” in red text. The font is that found on the U.S. constitution. The new bill will also feature two red Statue of Liberty torches. The new bill is designed to prevent counterfeiters and help protect the currency http://www.moneyfactory.gov/newmoney/main.cfm/currency/new10. The new currency began circulating March 2, 2006.
Detecting counterfeit money is not always easy. High-resolution scanners and high-quality printers make it very difficult to distinguish real money from fake. It is not uncommon for a bill to pass some older counterfeit detection measures while failing others. This is due in part to counterfeiters bleaching lower currencies and printing higher currency amounts on the same paper. Because counterfeiters are utilizing modern technology, and trying to get something for nothing, businesses need to stay vigilant in their efforts to stop counterfeit money before it becomes a problem.
The new ten-dollar bill utilizes three important anti-counterfeit measures to help you distinguish fake from real. These three visual elements can be seen by the naked eye. The first element is a security thread. The thread goes the entire width of the bill and states “USA TEN” along with small flags. The second element is a watermark of Alexander Hamilton’s head that can be seen when held to light. The third element is color-shifting ink found in the lower-right corner of the ten-dollar bill. The color will shift from copper to green, depending on the angle it is held.
There are also non-visible anti-counterfeit measures built into the bill. The most common types of counterfeit detection measures built into the bill are UV (ultraviolet) and MG (magnetic). Special counterfeit detectors can detect these properties and determine if a bill is valid or not. UV counterfeit detectors have a dark light that makes built-in features in tangible currency light up and appear yellowish green. MG detectors detect magnetic ink that is in U.S. currency. When a bill is slid over the MG detector, a light or other indicator will let the user know if it is authentic or fake. Although not entirely non-visible, some detectors include a built-in light that makes it easier to see watermarks.
Office Zone continues its efforts to try and help educate businesses and individuals regarding counterfeit money problems. Office Zone has an online fraud prevention guide that can be accessed here: http://www.officezone.com/money-handling-guide.htm#counterfeit. To see the different types of counterfeit detectors that are currently used by banks and businesses, please go here: http://www.officezone.com/detect1.htm
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