Merchants and clerks should keep an eye out for counterfeit monies as one $10 bill was discovered at a local business.

The phony money was discovered Sunday by an employee at Super Quik in Grayson, said Manager Dinah Kemper.

“The clerk that took the bill didn’t notice it being counterfeit, but another worker realized there was something wrong with it and called police and they came and took the bill,” Kemper commented Tuesday. “We do have surveillance, and I have my technician coming in and he will burn a CD and then that will be given over to police, as well.”

Word across town was that a second bill was passed at a local business. A reporter made a visit to the Grayson Police Department but Sgt. Marlene Stewart said she wasn’t able to make comment about the counterfeit money passed Sunday. She said either Chief Ed Ginter or Sgt. Travis Steele would have to make the statement, but neither could be reached for comment.

A call was then made to the Secret Service in Louisville concerning counterfeit money and who determines a bill not to be legal tender. Kirk McClelland, assistant special agent in charge, said the Secret Service makes the final determination as to whether a suspected bill is fake or not. “They (police) can either send it to us or we will pick it up at the particular police department,” McClelland commented. “Once it’s been examined and we discover it’s actually counterfeit then we will send the police a letter stating that.” McClelland said he wasn’t aware of the bill passed Sunday in Grayson.

Commercial Bank Vice President Mark Strother said he hasn’t had any recent problems with counterfeit currency. “I haven’t seen one of the new tens ($10 bill),’ he stated. “We might get a bill a month and we might get them more frequently when we are really busy. This time of year people (non residents) will drive through town and stop at a few places and use them.”





History of counterfeiting

According to the Secret Service, counterfeiting of money is one of the oldest crimes in history. It was a problem during the 19th century when banks issued their own U.S. currency. At the time of the Civil War it was estimated that one-third of all currency in circulation was counterfeit.

During that time, there were approximately 1,600 state banks designing and printing their own notes. Each note carried a different design, making it difficult to distinguish the 4,000 varieties of counterfeits from the 7,000 varieties of genuine notes.

The adoption of the national currency in 1863 was expected to solve the problem. However, the national currency was soon counterfeited so greatly that it became necessary for the government to take enforcement measures. That’s when the U.S. Secret Service was established July 5, 1865 to suppress counterfeiting.

And still today, the U.S. Secret Service remains committed to zero tolerance and is determined to investigate each and every counterfeiting case. Each counterfeiting case, no matter how large or small, carries the serious consequences of incarceration and/or fines.

Manufacturing counterfeit United States currency or altering genuine currency to increase its value is a violation of Title 18, Section 471 of the United States Code and is punishable by a fine or imprisonment for up to 15 years, or both.

Possession of counterfeit United States obligations with fraudulent intent is a violation of Title 18, Section 472 of the United States Code and is punishable by a fine or imprisonment for up to 15 years, or both.





Secret Service advice - How To Detect Counterfeit Money

The public has a part in preserving the integrity of U.S. currency. Everyone can help guard against the threat from counterfeiters by becoming more familiar with money.

Look at each note. Compare a suspected note with a genuine note of the same denomination and series, paying attention to the quality of printing and paper characteristics. Look for differences, not similarities.

Examine closely the following:

Portrait

The genuine portrait appears lifelike and stands out distinctly from the background. The counterfeit portrait is usually lifeless and flat. Details merge into the background, which is often too dark or mottled.

Federal Reserve and Treasury Seals

On a genuine bill, the saw-tooth points of the Federal Reserve and Treasury seals are clear, distinct, and sharp. The counterfeit seals may have uneven, blunt, or broken saw-tooth points.

Border

The fine lines in the border of a genuine bill are clear and unbroken. On the counterfeit, the lines in the outer margin and scrollwork may be blurred and indistinct.

Serial Numbers

Genuine serial numbers have a distinctive style and are evenly spaced. The serial numbers are printed in the same ink color as the Treasury Seal. On a counterfeit, the serial numbers may differ in color or shade of ink from the Treasury seal. The numbers may not be uniformly spaced or aligned.

Paper

Genuine currency paper has tiny red and blue fibers embedded throughout. Often counterfeiters try to simulate these fibers by printing tiny red and blue lines on their paper. Close inspection reveals, however, that on the counterfeit note the lines are printed on the surface, not embedded in the paper. It is illegal to reproduce the distinctive paper used in the manufacturing of United States currency.







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