Counterfeiting Trivia
Friday, March 13th, 2009“Men make counterfeit money; in many more cases, money makes counterfeit men.” - The Friar
- Counterfeiting wasn’t outlawed in the United States until 1877, when the Congress then passed a bill to forbid faking the production of coins and bars.
- After the Civil War a third to a half of all notes in circulation were estimated to be fakes.
- The Treasury are enhancing the US bills design every 7-10 years, this started with the $20 dollar bill in 2003.
- The US dollar bills have magnetic ink on them, this is how the vending machines are able to read which bill is which, since it can’t decide this on size.
- Altering a coin is punishable by up to 5 years in prison and/or a fine of $2000.
- Counterfeiting is a felony and are punishable by up to 15 years in prison and up to a fine of $15,000.
- Anybody counterfeiting US currency abroad is subject to the same prosecution as if they were in the US.
- Coins have edges because people used to clip or shave of the edges of gold and silver coins.







