How to identify counterfeit money
How to detect counterfeit notes
Counterfeit currency has been around for centuries.
If you unknowingly accept counterfeit money, it hurts you financially; and is also bad for your countries economy.
If a bank detects your deposit as counterfeit money, they will confiscate it and you will not be reimbursed financially.
As a young teenager I remember watching an older Person put some either copper or brass counterfeit coins into a food vending machine. The counterfeit coins were accepted by the machine and dropped his choice of food.
Only a few weeks ago, a male on the Gold Coast sold a mobile phone to a person for $650.00.
It wasn’t until the buyer had left that he realised that all of the $50.00 notes had the same serial number.
If you receive counterfeit money please advise the federal Police as soon as possible.
Steps you can take to help avoid accepting counterfeit money.
- In Australia, compare newer bank notes with older one you already have. Counterfeit bills can be thicker than legal bank notes.
- Check serial number on notes of same dollar value. Counterfeit notes sometimes have the same serial numbers.
- Possibly paper and not plastic like the newer notes are made of.
- Older bank paper notes are more difficult to detect. They need special lights to check them.
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