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New US $20 bills Released, Colors & Layout Change
JayBonci writes "CNN is running a story with the newest advances in the original copy-protection arms race, a new US $20 dollar bill. From the article, specifically color and different number arrangements as an improvement over 1996's "Big Face" dollar bills." Little off the norm for Slashdot, but it's interesting since computers have vastly simplified forgery.
Isn't it about time that different dollar bills start coming in different sizes? Isn't it pretty standard for counterfeiters to bleach a small denomination bill and print the image of larger ones? Different sizes would at least make this practise a bit more difficult. That doesn't stop forgery in euro-land, but it does make it just a bit more difficult. I thought that holographs would be pretty effective, but in day to day commerce nobody looks to closely. The best way to make sure that your bills are genuine is using ones that are really unpopular. Last weekend was the first time that I saw a 200 Euro bill. And that was one and a half years after the introduction of the currency.
Hank! White!
http://www.moneyfactory.com/newmoney/flash/interac tivebill/index.cfm
Not only are they all different colors, with holograms and different sizes, but they also have a raised pattern on each bill, a tiragle, square or circle. I understand why tehy cant change the size of our bills easily, but a raised pattern on the bill would be easy.
All Troll + "offtopic" mods are meta moderated as "Unfair", because you abused the system.
I don't know about that 4 different versions thing... according to this, the average lifespan of a 20 dollar bill is 4 years. Two different types could be in circulation at the same time, but 4?
For that matter, when was the last time you saw an "old-style" 20 from before the last redesign?
At the behest of the FBI (or maybe it is the secret service since counterfeiting is their purview) all color photocopiers in the USA embedded a watermark with a unique serial number identifying the copier used.
For some reason this fact is not well documented, but here is at least one reference(pdf) in an IBM report from 1998. See the section on tracking.
This can be a problem for cheap counterfeiters (well-equipped ones won't have a problem either acquiring a copier on the blackmarket or using a modified one) but it also can suck for whistleblowers making copies of documents. If the copier used can be identified it makes it that much easier for a vengeful company/government to identify the whistleblower and take "corrective action."
When information is power, privacy is freedom.
in europe, many stores, kisoks, etc. have purchased small uv light detectors, especially after a flood of fake 50 bills. the interesting thing is that washed bills of any denomination usually fail this test. at one point i had carried a 50 that i had been told was fake by my bank for six months. i went to another bank and asked them about it, they told me that it was real, and then took me downstairs to while they checked it with the 100,000 machine they have. they also explained that there are very simple tests for checking a bill; they have little ridges stamped into the bill that can't be washed off and are very difficult to fake.
...vividly encapsulates that post-Watergate/pre-punk/coked-up moment when you could trust no one, least of all yourself.
This was actually considered, attempted, and dismissed. The problem with the hologram was that it didn't survive all of the torture tests required, since paper money gets the shit kicked out of it in circulation.
If memory serves, I think the hologram they designed had passed all but one of the torture tests. These included baking them in extremely hot ovens, rolling them, washing them, etc.
The test on which it failed was the crumple test. They set the bill on top of a metal tube, and a shaft came down and pressed the bill into the tube, crushing it incredibly. When it came out and was flattened, the hologram was severely wrinkled and crushed, and the holographic image was (obviously) no longer able to be seen.
-- Give him Head? Be a Beacon? :P)
(If you can't figure out how to E-Mail me, Don't.
If they'd just take Jackson off the twenty, I'd be happy.
If you're not aware, this is the guy that was responsible for deporting many of the native americans to Oklahoma. You might recall that the Cherokee were pretty well "integrated" into society at the time, and they did what any other wronged group would do: they sued in court.
And won. The Supreme Court ruled that "the laws of the state of Georgia 'can have no force' within Cherokee boundaries."
This fine president, who we honor by putting his name on our money, said "John Marshall has made his decision, now let him enforce it!"
What a fine example of our American politics.
-Zipwow
I don't know which is more depressing, that 2/3 didn't care enough to vote, or that 1/2 of those that did are crazy.
Australia has been using plastic notes for years. These notes are much harder to forge they have a transparent section and a translucent dual sided motiff incorporated into the design to aid forgery identifcation. And that is just for starters, other benefits include that the notes last many times longer (and hence despite the higher cost to produce they save the treasury loads), they go through the wash just fine (and you can even have them in your board shorts whilst surfing without fear of being unable to buy a pie for lunch). They don't really tear (they do but its much harder to get started on the rip) and are generally much more durable. They look kinda weird even for Australian currency, and the one drawback is that IIRC they are a bit more difficult to handle if you are manipulating lots of cash manually.
"The first thing to do when you find yourself in a hole is stop digging."
That's the most troublesome thing about it, IMO. From the article:
15 seconds?! Imagine how long you would be standing in line at Wal-Mart if the checkers took 15 seconds on every $20 bill they saw! 15 seconds adds up quickly, especially the day after Thanksgiving or Boxing Day. Another thing is that this guy is an expert. He's probably among the most knowledgeable white hat money makers out there. If it takes him 15 seconds, it's bound to take Suzy Dropout, the Wal-Mart checker, a bit longer (if she does it properly, that is).
As an aside, I spent a couple of years in the UK and learned to really appreciate their money system. US notes are BORING. It's good to see more colors on our new ones. Maybe they'll also change the relative sizes of the notes? (Not that changing the sizes would necessarily thwart counterfeiting, but it was a nice touch to the UK system, IMO.)
What problem is solved by adding another new design?
The two previous designs are still legally in circulation. Since they were / are apparently counterfeitable (is there such a word?), adding a new design does nothing to make the older designs un-counterfeitable.
Unless the older designs of currency are de-monetized, new designs do not solve a problem. (Older readers with military service may remember the MPC[1] script coversion days[2].) Yes, eventually almost all paper money will wind up being captured by banks and turned in for destruction. But it takes years to remove most of a type of bill and the remaining copies are still legal money. So the older patterns are still vulnerable.
[1] MPC - Military Payment Certificates. See google or eBay.
[2] Script conversion days - A twenty-four hour period during which all personnel were required to exchange their MPCs for the same value in a new series (new colors, new pictures). At the end of the conversion period, old series script was worthless and had value only as a colorful curiosity. Failure to exchange meant that you lost. No excuses, no make-ups, see the chaplain.
Does that mean they'll be producing a new Deception Dollar?
http://www.deceptiondollar.com/
Seriously, though, the US could do worse than differentiate its different bills more clearly. Almost every other country makes it clearer (different sizes, very different colours) which can make it tricky for tourists. Australian notes (plastic, bright colours) are great, purely because they go through the wash and come out the other side. But I don't have to count large piles of the slippery things...
it's not about the karma, it's about the whuffie
The question I have now, as I did the last time the US Treasury decided to do this sort of thing is, why would a forger bother with trying to forge one of the newer looking bills? The old $20's are still accepted everywhere, and have not become harder to forge. Seriously, if I was going to do something like this I would just make up a batch of older style $20's, put them in a wallet and run them through a few washer/dryer cycles to make them look a bit beat up. Then trek down to my local Wal-Mart and pass a few of them off to buy stuff. Wash-Rinse-Repeat (literally).
If anything this is just another example of our tax dollars being wasted in a futile attempt to stop a crime which, I believe, is not very rampant. This money could be better spent keeping the govenment out of debt and keeping inflation down. Sure the counterfeit bills increse inflation, but probably less so than the government printing more money everytime it feels the need. If anything, I think we would be better off if the govenment would only print as much money as it destroys, and then turn the presses off.
Necessity is the mother of invention.
Laziness is the father.
Anonymity. The people with the tinfoil hats already tend to think the plastic strip with the #'s printed on it (20 20 20 for a $20 for example) includes a magnetic id that tracks who spends what, where. If your suggestion came to pass, the anonymity of purchases made with cash would be just as transparent to law enforcement as credit cards.
While I may never have purchased anything illegal, it still remains that I don't want the government tracking my every purchase. Allowing money tracking (which I do think the currency changes over the next 50 years will work towards) is a slippery slope. Sure, you can claim its ok because its being used to thwart counterfitters, but with all that nice juicy data in the computer they can find all the people who bought pot from some dealer they caught. And then someone decides to extend the 2050 Patriot Act to allow the feds to track down the people who bought certain books without having to ask the bookseller or librarian (like the current Patriot Act allows them to do).
I like my anonymity, thin as that veil is. Please don't give the government an excuse to take it away.
So, to give you all something to bicker about, I wonder if this means we should go to coins only, and start minting $100, $50, $20, $10, and $5 coins.
Pros:
they can't be counterfeited (or at least it's much harder, correct?)
machine sorting is easier
last longer
that cool jingle in your pocket
will accelerate use of debit cards
Cons:
Form factor - need a coin purse, not a wallet (correctible? credit-card shaped & sized coins?)
Heavier
More expensive to produce (but really, how bad can it be if pennies are coins and $100 bills are paper?)
How big would a $100 coin be anyway?
Will accelerate use of credit cards
Thoughts?
"You can't get something for nothing." - my grandfather, on the stock market and Reaganomics.
I wonder if these relatively rapid changes to U.S. paper currency are a reaction to the fact there is now another paper currency vying for dominance -- namely the Euro. I believe that the vast majority of counterfeiting of U.S. currency occurs outside the U.S. and if the Euro is considered more secure in this regards it could be a serious threat to the dominance of the U.S. currency throughout the world. If this is indeed the case, it is in our (the U.S.) best interest to react to real and perceived vulnerabilities as quickly as possible and the American public had better get used to these kinds of changes to the revered greenback on a regular basis. As always, competition is a potent catalyst for change.
Pre-euro Dutch money was the absolutely silliest money on earth.
;-) get your hands on some of those notes.. They are very purdy! Did I mention silly?
Check out these babies (the top ones are the newest you should be looking at;
10 guilder note
10 guilder note 25 guilder note 50 guilder note
100 guilder note
250 guilder note
1000 guilder note
If you don't have much time, just check out the 250. The newest notes feature almost exclusively abstract images, raised ink as well as different levels of height in paper (quite distinguisable by hand, or even in daylight), LSD induced colors, barcodes, microprints of poems, and no image of any identifiable person whatsoever!
Really, click on those links, and if you collect money (who doesn't?
I was sad to see these wonderful notes go the way of the dodo with the introduction of the euro.. The euro is even a weaker currency (the guilder was linked to the Deutsch Mark, one of the hardest currencies in the basket).
SCO employee? Check out the bounty
One of the most secure "currencies" I've seen are casino chips. A counterfeiter would have to be incredibly skilled to create anything similar to some of the chips that Chipco and Paulson Gaming produce today. These are the chips that you see most-often at any major casino around the world. Not only is the chip material nearly impossible to duplicate, the counterfeiter would have to have some *very* sophisticated equipment to duplicate the dye and printing that chip manufacturers are able to accomplish.
As an owner of a set of Chipco chips, I can also attest to the fact that they are very durable and easy to clean, which should mean that we wouldn't have to make so much new currency each year just to replace the currency that gets worn out.
Why don't we all start using chips and plaques (the rectangular chips that you see used mostly in high-roller rooms)?
Five Dolla Moddy-Moddy?
I was in a coffee shop about 3 am one Saturday when this kid tried to pay for his coffee with a fake ten (This is in Canada, the land where Moose rule).
The fake was easy to spot, printed on smooth paper on a colour ink jet printer - what made me laugh was some of it had got wet and the ink had run...
We called the cops and the kid disappeared.
It's Christmas everyday with BitTorrent.
An interesting thing to think about - in order to acheive $100:
One, $100 bill
Two, $50 bills
Five, $20 bills
Ten, $10 bills
Twenty, $5 bills
Fifty, $2 bills
One-Hundred, $1 bills
Makes a little more sense now, eh?
I hate Grammar Nazi's
If there are two dollar bills are they a limited run, collectible currency thing like silver dollars? what do they look like? why have I never seen one?
I don't know it they're still printed, but they are real, and still in circulation. They just not commonly used.
Here's a link to the Bureau of Engraving and Printing. The have a picture of Jefferson on them.
And here's a link to a funny story about someone who recently tried to spend one at a Taco Bell.
I, for one, am very sick of all this changing currency. I run a laundromat and depend on a bill changer. If the currency changes then I must pay almost $1000 for a new bill reader to accept the new 20s. The bill reader does not make me money, it is just the cost of doing business. Every time our stupid government decides to change the currency, that's more out of my pocket and into the pockets of the damnable changer manufacturers.
I recently travelled to the US from New Zealand and found the money a real pain. Kiwi money is plastic and all different colours and sizes. Over here you simply look at the edge of the notes in your wallet to see the correct colour and fish out that one. While in the US I had to remove the notes from my wallet first so I could read the numbers. As a tourist this made me feel uncomfortable about doing public transactions, not being one who likes to 'flash the cash'.
I worked on note vending machines at the time of our change from paper to plastic money so I was one of the people invited to the Reserve Bank to see the features of the new money. We where given real and counterfeit US money and asked to tell which was which, it was impossible to tell to the untrained eye. Then we where shown some of the methods used to try and counterfeit the Australian currency, which uses the same technology as ours. At was funny to see bits of paper with holes cut in them for the clear window etc. They also showed off some ideas they haven't used yet. One was a clear window at each end with printed lines that create an interference pattern when the note is folded in half. I also saw what happens if you over heat the plastic notes, they shrink ! But don't worry you have to get them real hot to do that. On a practical note (no pun intended) you need to look at static handling for new plastic notes in note handling machines or else the stick together.