$1 bill (Is it worth anything) Please help

[Schpoyda]

I was working the other day as a merchant at my bank and a customer came in to do a deposit for Burger King. As I was running his money through our counter (you can run mixed notes) the total of his deposit was different from what I was getting on my counter which I had gotten serviced in the morning. I ran the money another time and couple bills fell in the divert slot so I put them through again and got the same amount. Then I ran it a third time and 2 notes fell in the divert a $5 and a $1. I put the $5 through first and then the $1 and the counter counted it as a $50. I then ran the $1 bill again and it read it as a $50, I put it to the light no markings visible of it being washed, I test it under a uv light and it passes the test for a $1 bill, then I approached 4 more different counters at my bank and they all read the $1 bill as a $50. Could this be a federal misprint? Can someone please help. Thank you.

 

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[ivan salis]

nope they -- like all cops fairly much ---will say now that you told us what you know --- we do not want , need or desire your help unless its at a line up or at trail to say "yes" thats the man who gave me the bill --- other than that -- keep your yap shut and stay the heck out of it

 

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[ivan salis]

unless it some sort of "photo copy" ie counterfiet one--- but why counterfiet a one? other than the fact that they would be so easy to pass and no one would remember you spending a one esp if mixed iin with other real bills -- since no ones even looks at a one---- but ones are dumb since heck you get just as long for cointerfieting ones as twenties and theres no real gain in exchange -- only a few coins

 

[ivan salis]

a phoney one -- and something about the manner of its making made it ring up as a $50 --- that would account for no magentic strip being in it (the only way I can think of a legal one ring up as a $50 is a misprint using a $50 paper( with magnetic counter strip in it) and a one press --and it would be a mega collectible error I'm sure if it was.)

 

[Bigcypresshunter]

unless it some sort of "photo copy" ie counterfiet one--- but why counterfiet a one? other than the fact that they would be so easy to pass and no one would remember you spending a one esp if mixed iin with other real bills -- since no ones even looks at a one---- but ones are dumb since heck you get just as long for cointerfieting ones as twenties and theres no real gain in exchange -- only a few coins

Somebody mentioned earlier in this thread that nobody counterfeits one-dollar bills. That is not correct. All denominations of US currency have been...and are presently being counterfeited.

I would imagine you could counterfeit pennies if you wanted to. The best counterfeits come from bleaching a smaller bill to make a larger one. Of course you could counterfeit a one dollar bill but you wouldnt have good paper and your efforts wouldnt result in much profit.

 

[G.I.B.]

If you look at the signature for the Secretary of the Treasury you will see it was signed by ANNA ESCOBEDO CABRAL...

The machine was probably converting it to Pesos.

 

[pgill]

Interesting topic. I am not sure what these machines that count the money look for, but for sure the machine found something. I am in South Africa, so this does not affect me, but would just love to see the outcome of this topic. Especially an answer as to how the machine saw a $50 and not a $1.

God bless
Peter

 

[BuckleBoy]

Unless the Burger King alleged counterfeiter was just testing the bill to see if it worked.

The machine count was probably over by $49. If he had written the deposit slip a plus $49, we wouldnt be reading this thread.

Yes, but how would a counterfeiter even know that it worked, without going into the bank in person and getting on videotape?

Well...besides googling it on the internet and looking for a post by a bank merchant...



What I didn't know--was that the bills that were diverted were still counted by the machines. That seems odd. You would think that the diverted bills would not be counted into the total. In which case, without feeding them through one by one there'd be no way to know which one rang up as a $50.

 

[pgill]

Thanks SWR, so somewhere on that note there must be one or more things that this machine has seen. Wow that is scary....

God bless
Peter

 

[shanegalang]

I dont for a second buy this story. The guy has 7 post and all concerning this. He's sitting back and laughing his butt off. Good try buddy.

 

[Bigcypresshunter]

Unless the Burger King alleged counterfeiter was just testing the bill to see if it worked.

The machine count was probably over by $49. If he had written the deposit slip a plus $49, we wouldnt be reading this thread.

Yes, but how would a counterfeiter even know that it worked, without going into the bank in person and getting on videotape?
Well...besides googling it on the internet and looking for a post by a bank merchant...



What I didn't know--was that the bills that were diverted were still counted by the machines. That seems odd. You would think that the diverted bills would not be counted into the total. In which case, without feeding them through one by one there'd be no way to know which one rang up as a $50.

Buckles, if it went through the machine and matched with his deposit slip, the counterfeiter would have known it worked and we wouldnt be reading this thread. In this case something went wrong. He botched the deposit slip amount or the bill was diverted.
I think a one and a five were originally diverted and he ran them through the counting machine again. That is maybe the only reason he even noticed it was a one. (because it was diverted) Now it makes more sense to me.



...I think.

I read it again and Im not sure. He doesnt explain what the count was or what exactly was the amount on the deposit slip that didnt match. He needs to come back and explain.

 

[cw0909]

a phoney one -- and something about the manner of its making made it ring up as a $50 --- that would account for no magentic strip being in it (the only way I can think of a legal one ring up as a $50 is a misprint using a $50 paper( with magnetic counter strip in it) and a one press --and it would be a mega collectible error I'm sure if it was.)

What is the magnetic counter strip you are referring to?

Are you referring to the polyester strip that is inscribed with the denomination of the bill?

Folks....US currency does not have magnetic strips, or any other kind of magnetic doohickeys that is used for counting. Money counters and the like use optical recognition.

ive seen these pulled out of 5-10$ bills they look like plastic
with the numeric value of bill printed on it

this is what i think they are talking about #8
http://www.ustreas.gov/usss/money_features.shtml

more on Advanced Technologies in Counterfeiting
http://www.ustreas.gov/usss/money_technologies.shtml

how to
http://www.instructables.com/id/Pulling-the-Magnetic-Strip-out-of-American-Paper-M/

as far as the poster saying
"I was working the other day as a merchant at my bank"
i think he/she was working the merchants account window that day
i had a window cleaning business, back in the late 70s to the mid 80s
and my bank offered this service window. i dont think all banks
offer that separate service
i think b4 the strips the weight of the bill counted too,not sure
this is still true

 

[Bigcypresshunter]

Thanks cw0909. I like that how to
intro Pulling the Magnetic Strip out of American Paper Money
My grandpa taught me how to do this along time ago and I figured because this is the site that is the depository for all how toing knowledge why not add my own weird trick

Could someone have removed a $50 strip and inserted it somehow into the dollar bill?

 

[Bigcypresshunter]

a phoney one -- and something about the manner of its making made it ring up as a $50 --- that would account for no magentic strip being in it (the only way I can think of a legal one ring up as a $50 is a misprint using a $50 paper( with magnetic counter strip in it) and a one press --and it would be a mega collectible error I'm sure if it was.)

What is the magnetic counter strip you are referring to?

Are you referring to the polyester strip that is inscribed with the denomination of the bill?

Folks....US currency does not have magnetic strips, or any other kind of magnetic doohickeys that is used for counting. Money counters and the like use optical recognition.

He used the wrong term in saying magnetic but I know what he meant. Yes its plastic like you say but the plastic strip's position on the bill is one of the determining factors to its denomination.

http://www.prc68.com/I/Sensors.shtml#Money

The magnetic stripe idea is a myth, in the new paper money. I received an email for the Treasury and the stripe is a plastic, it glows in UV light and it's position in the bill indicates the denomination.

 

[Bigcypresshunter]

I just remembered that he held it up to the UV light. Well at least Im thinking...

 

[ivan salis]

sorry not "magnetic " my goof --- - but the "id strip" -- built into the $50 dollar bills*** for the bill to be from mint paper ($50) it would have one --- even if it somehow got "pressed" as a $1

 

[Bigcypresshunter]

sorry not "magnetic " my goof --- - but the "id strip" -- built into the $50 dollar bills*** for the bill to be from mint paper ($50) it would have one --- even if it somehow got "pressed" as a $1

The link cw0909 posted shows how to remove the $50 plastic strip. Maybe it can be inserted somehow into a dollar bill. I am just theorizing... throwing ideas around. One idea leads to another and this helps in solving. Ive been doing it with success for several years on this forum. Keep the ideas coming. Negativity doesnt help much. It would be a big help if the original author of this thread would keep us informed but maybe he/she has no choice.

 

[BuckleBoy]

Unless the Burger King alleged counterfeiter was just testing the bill to see if it worked.

The machine count was probably over by $49. If he had written the deposit slip a plus $49, we wouldnt be reading this thread.

Yes, but how would a counterfeiter even know that it worked, without going into the bank in person and getting on videotape?
Well...besides googling it on the internet and looking for a post by a bank merchant...



What I didn't know--was that the bills that were diverted were still counted by the machines. That seems odd. You would think that the diverted bills would not be counted into the total. In which case, without feeding them through one by one there'd be no way to know which one rang up as a $50.

Buckles, if it went through the machine and matched with his deposit slip, the counterfeiter would have known it worked and we wouldnt be reading this thread. In this case something went wrong. He botched the deposit slip amount or the bill was diverted.
I think a one and a five were originally diverted and he ran them through the counting machine again. That is maybe the only reason he even noticed it was a one. (because it was diverted) Now it makes more sense to me.



...I think.

I read it again and Im not sure. He doesnt explain what the count was or what exactly was the amount on the deposit slip that didnt match. He needs to come back and explain.

I apologize for being unclear... I guess the point I'm trying to make is this: Why fill out the wrong amount on the deposit slip? Just go ahead and fill it out for $49 more and if it works, walk away with that knowledge as well as money in the pocket. If it doesn't work, then just say that the count on the slip must be incorrect and walk away.

So if this story is more than just a fish tale, whoever brought that bill in isn't likely to be the counterfeiter. If they were smart enough to make such a bill in the first place, then they weren't too bright in getting themselves caught the very first time they tried to pass it.

 

[Montana Jim]

THE DIFFERENCE BETWEEN UV AND MAGNETIC

Ultra Violet Light Detector:  Ultraviolet light is used to detect the range of invisible radiation wavelengths shorter than violet in the invisible spectrum.  Here is how it works:  with advances in copier and laser printing technology, it has become easier than ever to create high-resolution replications of a wide range of currency.  The UV detector works like X-Ray vision to zone in on questionable areas.  Small particles of toner can be seen outside the standard image, indicating the bill is not valid currency.  Machines with UV detection scan each piece of currency for these inconsistencies inside the machine - you won't even see it going on - if a fake note is found, the information will automatically display on the window to notify the operator immediately.

Magnetic sensors:   Magnetic sensors run over each bill and are designed to search for certain components of banknotes that cannot be seen by the naked eye.  Machines automatically detect and match the piece against the already-programmed components of legitimate bills.  When a suspicious note is found, the operator is notified immediately. The sensors work on magnetic principles, they do not detect mangetic items.




I think this story has been misrepresented.

 

[Bigcypresshunter]

Unless the Burger King alleged counterfeiter was just testing the bill to see if it worked.

The machine count was probably over by $49. If he had written the deposit slip a plus $49, we wouldnt be reading this thread.

Yes, but how would a counterfeiter even know that it worked, without going into the bank in person and getting on videotape?
Well...besides googling it on the internet and looking for a post by a bank merchant...



What I didn't know--was that the bills that were diverted were still counted by the machines. That seems odd. You would think that the diverted bills would not be counted into the total. In which case, without feeding them through one by one there'd be no way to know which one rang up as a $50.

Buckles, if it went through the machine and matched with his deposit slip, the counterfeiter would have known it worked and we wouldnt be reading this thread. In this case something went wrong. He botched the deposit slip amount or the bill was diverted.
I think a one and a five were originally diverted and he ran them through the counting machine again. That is maybe the only reason he even noticed it was a one. (because it was diverted) Now it makes more sense to me.



...I think.

I read it again and Im not sure. He doesnt explain what the count was or what exactly was the amount on the deposit slip that didnt match. He needs to come back and explain.

I apologize for being unclear... I guess the point I'm trying to make is this: Why fill out the wrong amount on the deposit slip? Just go ahead and fill it out for $49 more and if it works, walk away with that knowledge as well as money in the pocket. If it doesn't work, then just say that the count on the slip must be incorrect and walk away.

So if this story is more than just a fish tale, whoever brought that bill in isn't likely to be the counterfeiter. If they were smart enough to make such a bill in the first place, then they weren't too bright in getting themselves caught the very first time they tried to pass it.

Yes, exactly, Im thinking the same. He may have botched the deposit slip like I stated. We dont know what the deposit slip amount was. We dont know if the merchant teller caught this because the deposit amount didnt match or the bill was diverted arousing his attention to it. He doesnt explain it exactly. All he says is quote: "the total of his deposit was different from what I was getting on my counter"

In other words, we dont know if the "one" was diverted and he (the merchant teller)counted it as a "one" or it was counted as a 50 and didnt match the deposit slip. Or maybe I should never work in a bank.

 

[Bigcypresshunter]

Visited my bank today to cash my check and the teller ran my bills through a machine called Cummins Jetscan. He said it accepts mixed bills and also scans for counterfeits. It counted $500 in about 1 second.

I wish the poster would get back to us but I knew it would be over as soon as he contacted authorities. This is most likely what happened IMO. I dont see any signs of this being a scam. For what purpose?