Ben Usman
Newbie
Hello guys is this authentic or fake?
JP Morgan $100,000
- Thread starter Ben Usman
- Start date
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Welcome ! *Post moved to What is It.
The U.S. never Officially Printed anything Higher then $10,000 Dollar Bills to Pass between Banks,
before the Internet & Wiring Money
My opinion due to the fact the U.S. Government never Produced and Circulated Denominations That High,
Yet there seems to be Thousands of these. Which would Never pass as Real here.
I think they were a CIA / U.S. Military Scam against The Philippine / Japanese Governments During the war.
and Produced by the U.S. Mint as a clandestine Run.
I Think the U.S. Promised a Payment to the Philippine Government, Paid them with This Stuff Then Simply Denied it,
accusing a small time counterfeiter of having the where-with-all to produce them
Perhaps payment for some of Yamasheeta's Gold
fyi :
in spite of the Fact they will Never Pass as real Here,
a $100,000 Dollar Bill is as Spendable as a $3.00 Bill with Nixon on it. & Monopoly Money(Play Money)
the Secret Service will arrest & Confiscate the $100,000 Dollar Bills as Counterfeit any Brought into the U..s.
More proof to me there is More here then Meets the Eye.
Why wouldn't they just Laugh at them, ?
No Bank, U.s. Citizen or Store would Cash or Deposit.
& the Secret Service apparently Doesn't want People to see Them.
Please Note, This is My Personal opinion, I have no Proof of this. just my, I love a Conspiracy Mind
The U.S. never Officially Printed anything Higher then $10,000 Dollar Bills to Pass between Banks,
before the Internet & Wiring Money
My opinion due to the fact the U.S. Government never Produced and Circulated Denominations That High,
Yet there seems to be Thousands of these. Which would Never pass as Real here.
I think they were a CIA / U.S. Military Scam against The Philippine / Japanese Governments During the war.
and Produced by the U.S. Mint as a clandestine Run.
I Think the U.S. Promised a Payment to the Philippine Government, Paid them with This Stuff Then Simply Denied it,
accusing a small time counterfeiter of having the where-with-all to produce them
Perhaps payment for some of Yamasheeta's Gold
fyi :
in spite of the Fact they will Never Pass as real Here,
a $100,000 Dollar Bill is as Spendable as a $3.00 Bill with Nixon on it. & Monopoly Money(Play Money)
the Secret Service will arrest & Confiscate the $100,000 Dollar Bills as Counterfeit any Brought into the U..s.
More proof to me there is More here then Meets the Eye.
Why wouldn't they just Laugh at them, ?
No Bank, U.s. Citizen or Store would Cash or Deposit.
& the Secret Service apparently Doesn't want People to see Them.
Please Note, This is My Personal opinion, I have no Proof of this. just my, I love a Conspiracy Mind
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As a 'novelty' item, your notes certainly would have a collectible value to them.
But the question you should be asking yourself is... "are these notes actually legal to own and then sell?"
Dave
But the question you should be asking yourself is... "are these notes actually legal to own and then sell?"
Dave
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If I'm not mistaken even the Philippine Government considers them to be illegal to own.
At least "Officially" at the Airport.
A few years ago I read where someone was arrested trying to bring 10's of Thousands
or at least a suitcase full of them on to a plane
At least "Officially" at the Airport.
A few years ago I read where someone was arrested trying to bring 10's of Thousands
or at least a suitcase full of them on to a plane
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If they were legal to own, I'd be one of those people interested in buying one to frame simply for the 'historical interest'.
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This is Probably the Sticking Point
Which also gets my Conspiracy Addled Brain working .
IF Not Produced by the U.S. Mint, Why would they Care ?
They don't have to Cover the debt unless it is on the Books as Official Currency of the U.S.
Which also gets my Conspiracy Addled Brain working .
IF Not Produced by the U.S. Mint, Why would they Care ?
They don't have to Cover the debt unless it is on the Books as Official Currency of the U.S.
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This is Probably the Sticking Point
Which also gets my Conspiracy Addled Bran working .
IF Not Produced by the U.S. Mint, Why would they Care ?
They don't have to Cover the debt unless it is on the Books as Official Currency of the U.S.
The confusing thing is, these bills look real Jeff!
That's my concern about anyone who potentially buys one even as a novelty piece (myself included).
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I would like to know when the first ones started to show up
and if it was right after Marcos found part of the Treasure.
Right after his death ?
or right after the war ?
and if it was right after Marcos found part of the Treasure.
Right after his death ?
or right after the war ?
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The confusing thing is, these bills look real Jeff!
That's my concern about anyone who potentially buys one even as a novelty piece (myself included).
who has that type of equipment That doesn't Realize 1's & 5's go unchecked
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Toecutter
Bronze Member
To produce a bill of that quality wouldn't be easy...
I know that the color copy machines wont print 20s and higher, every color printer has a encrypted dot code that can be read if needed and they can track it from that...
I was Xerox commercial service tech for 7 years...
I know that the color copy machines wont print 20s and higher, every color printer has a encrypted dot code that can be read if needed and they can track it from that...
I was Xerox commercial service tech for 7 years...
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Red-Coat
Gold Member
It’s counterfeit. The Smithsonian has this to say about the (authentic) 1934 note:
During the early 1930s, the United States and the rest of the industrialized world experienced an economic depression. In 1934, the United States continued its movement toward removing its currency from the gold standard. It even became illegal to possess gold coins or gold-based currency until Congress relented somewhat for collectors. The Gold Certificate Series of 1934 poses a slight puzzle since the United States was off the gold standard by 1934. The $100,000 note shown here [actually the image wasn’t available and the note isn’t currently on display, but the picture below is public domain from Wiki] was not intended for general circulation but was used as an accounting device between branches of the Federal Reserve. This $100,000 note was the highest denomination ever issued by the United States.
The Bureau of Engraving and Printing for the U.S. Department of the Treasury also confirms that authentic notes cannot be legally possessed:
The $100,000 Gold Certificate was used only for official transactions between Federal Reserve Banks and was not circulated among the general public. This note cannot be legally held by currency note collectors.
Only 42,000 of the $100,000 note were printed. When the US Government stopped using them in the early 1960s, most were destroyed and only three are known to have survived: the one held by the Smithsonian, one at the Federal Reserve Bank of San Francisco, and one held by the Bureau of Engraving and Printing themselves.
The origins of the high quality counterfeits are obscure, but they have been reported as part of a large-scale scam whereby there were attempts to trick banks into issuing genuine ‘bearer bonds’ based on the security of the fake notes. Bearer bonds are as good as cash in the banking system.
In addition, there are large quantities of (usually poor quality) counterfeits/facsimiles which are known to originate from the Philippines (although not necessarily printed there) and often turn up on Fleabay with spurious claims for their authenticity. They seem to be aimed at gullible collectors rather than geared towards financial fraud. Banknote experts/collectors frequently report that they’re contacted by people with bundles of them, believing they are sitting on a fortune.
The US Treasury, when asked about the legality of possession of the counterfeit/facsimile notes has in the past ducked the issue by saying things like “we have more important matters to pursue”.
During the early 1930s, the United States and the rest of the industrialized world experienced an economic depression. In 1934, the United States continued its movement toward removing its currency from the gold standard. It even became illegal to possess gold coins or gold-based currency until Congress relented somewhat for collectors. The Gold Certificate Series of 1934 poses a slight puzzle since the United States was off the gold standard by 1934. The $100,000 note shown here [actually the image wasn’t available and the note isn’t currently on display, but the picture below is public domain from Wiki] was not intended for general circulation but was used as an accounting device between branches of the Federal Reserve. This $100,000 note was the highest denomination ever issued by the United States.
The Bureau of Engraving and Printing for the U.S. Department of the Treasury also confirms that authentic notes cannot be legally possessed:
The $100,000 Gold Certificate was used only for official transactions between Federal Reserve Banks and was not circulated among the general public. This note cannot be legally held by currency note collectors.
Only 42,000 of the $100,000 note were printed. When the US Government stopped using them in the early 1960s, most were destroyed and only three are known to have survived: the one held by the Smithsonian, one at the Federal Reserve Bank of San Francisco, and one held by the Bureau of Engraving and Printing themselves.
The origins of the high quality counterfeits are obscure, but they have been reported as part of a large-scale scam whereby there were attempts to trick banks into issuing genuine ‘bearer bonds’ based on the security of the fake notes. Bearer bonds are as good as cash in the banking system.
In addition, there are large quantities of (usually poor quality) counterfeits/facsimiles which are known to originate from the Philippines (although not necessarily printed there) and often turn up on Fleabay with spurious claims for their authenticity. They seem to be aimed at gullible collectors rather than geared towards financial fraud. Banknote experts/collectors frequently report that they’re contacted by people with bundles of them, believing they are sitting on a fortune.
The US Treasury, when asked about the legality of possession of the counterfeit/facsimile notes has in the past ducked the issue by saying things like “we have more important matters to pursue”.
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Charlie P. (NY)
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My highlight added.
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TripletDad
Jr. Member
"Trunk full of American currency turns up in the Philippines" not ringing any bells for anyone? Swear I've seen this before here....
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EEEYep ! Either the same Trunk has passed between Dozens of people Since I've been Here, Or Like I said
There is more to this story then Simply someone with a Printer pulling a Senseless scam.
Way tooo Many of these are floating around. including those being smuggled out at the airport
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Doubter in MD
Bronze Member
I always like a good conspiracy theory Jeff. Have you seen/read anything that would lend credence to your theory that they were a CIA / U.S. Military Scam against The Philippine / Japanese Governments During the war? Or are you just pondering a theory of your own?
I do agree that if someone was going to go to the trouble of counterfeiting U.S. currency they'd have printed something usable, like fifties or hundreds. $100,000 bills seem like a really stupid choice. I'd be curious to know more.
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Just My own Actually
again, the fact they Say Legal Tender, and Look Mint Made.
the Number of them out there and as you mentioned also
Why would anyone in their Right Mind Print up even 100 of these
let alone the Thousands that appear to Exist in the Philippines ?
Only thing that adds up to me is My Conspiracy Theory:
The CIA Bought Treasure from Them , and they wanted Cash.
The CIA Said the Only way we can Pay you that much Cash is if we Give you all our Unused $100,000.00 Bills .
So they had the Mint Print them up, Gave them to who Ever & once they had the Treasure and The Bills started showing up,
Denied any Knowledge of them.
and if the Guy they made the Deal with Turned up Dead, (Marcos, Yamashhita Himself] Well, dead men tell no Tales
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