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Author Topic: cash only transactions and fraudulent money  (Read 4004 times)

Orchid

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cash only transactions and fraudulent money
« on: 06 May 2013, 06:06:19 pm »
I know many of us take cash only and I have started to check the quality of the notes, given by my clients discreetly There are some fake notes and would like to get a money checker any recommendations please ?
I don't take cheque, money transfers of any kind online or credit cards it would be to much of a headache for me as I just don't trust at all.

xw5

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Re: cash only transactions and fraudulent money
« Reply #1 on: 06 May 2013, 07:09:10 pm »
Fingers and eyes. There's a very good guide to what on look for on the Bank of England website. You don't have to be enormously discreet - you're going to put the money somewhere out of sight - and it doesn't take long to feel the paper, watermark and ink, look at the printing, shiny bits, watermark etc.

Pens / UV lights etc will catch some fakes, but certainly not all. Anyone trying to pass a pile of fakes will probably have made sure they pass those tests, so don't rely on them.
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Sensualtouch

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Re: cash only transactions and fraudulent money
« Reply #2 on: 07 May 2013, 11:18:06 pm »
I have a notes security marker pen cheap as chips on eBay you just run across each note and if the ink stays clear your ok.

Rooby

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Re: cash only transactions and fraudulent money
« Reply #3 on: 08 May 2013, 02:12:17 am »
There are some seriously good fake fifties out there at the moment which are so accurate that in a recent test on BBC1 not even the Banks were immediately able to pick them out.  I am very careful with notes and I have a pen but I've always found the 'feel' of notes to be the best guide.

R xx

xw5

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Re: cash only transactions and fraudulent money
« Reply #4 on: 08 May 2013, 12:25:51 pm »
All the pen does is say whether or not the paper is definitely the wrong sort of paper to be a bank note - try it on various bits of paper around the house and you will probably find some that it reckons are ok. I think someone once showed that the old style shiny toilet paper 'passed' the pen test.

If the forgers didn't bother to get the paper at least 'sort of' right, they probably didn't bother to get other things right either.
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naughtyjas

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Re: cash only transactions and fraudulent money
« Reply #5 on: 08 May 2013, 01:05:54 pm »
With some fake ?50 the ink transfers onto paper when you rub them.  But like Rooby says some of them are so good, you can't tell.  It's always a worry when someone hands over ?50's.  But apparently it's the ?5 that are more likely to be fake because hardly anyone checks them! Oh and ?1 coins.

And in this business we can really only take cash, there is no way a bank is going to give us credit card machines!

amy

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Re: cash only transactions and fraudulent money
« Reply #6 on: 08 May 2013, 02:27:30 pm »
With some fake ?50 the ink transfers onto paper when you rub them.

Those are the real ones - they have special ink which never dries and is very difficult to forge. You need to rub the solid-coloured shape that's next to the Queen's head (I think it's a diamond shape on fifties, without having any English banknotes handy) on some plain white paper and the colour will come off. You can also run your fingers over the writing which says 'Bank of England' and it should be raised slightly.

Euros have a hologram strip on the right and a watermark which you can see clearly down the left when you hold them face-up to the light. 100 euro notes also have a raised pattern to the left of the big 100 on the front which feels bobbly - I don't know about the ink.

As Ian said, relying on one method will work in some cases but not all, and it's far better to do a bit of research on the Bank of England site. I threw away my checker pen when it ran out and never bought another, although I do have a UV light keyring.

Pierced Princess

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Re: cash only transactions and fraudulent money
« Reply #7 on: 08 May 2013, 03:41:51 pm »
With some fake ?50 the ink transfers onto paper when you rub them.

Those are the real ones - they have special ink which never dries and is very difficult to forge. You need to rub the solid-coloured shape that's next to the Queen's head (I think it's a diamond shape on fifties, without having any English banknotes handy) on some plain white paper and the colour will come off. You can also run your fingers over the writing which says 'Bank of England' and it should be raised slightly.

Euros have a hologram strip on the right and a watermark which you can see clearly down the left when you hold them face-up to the light. 100 euro notes also have a raised pattern to the left of the big 100 on the front which feels bobbly - I don't know about the ink.

As Ian said, relying on one method will work in some cases but not all, and it's far better to do a bit of research on the Bank of England site. I threw away my checker pen when it ran out and never bought another, although I do have a UV light keyring.

I have a UV checker torch, which doubles as a fun device to check for suspicious stains in hotel rooms.

Natalie xXx

amy

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Re: cash only transactions and fraudulent money
« Reply #8 on: 08 May 2013, 03:52:35 pm »
With some fake ?50 the ink transfers onto paper when you rub them.

Those are the real ones - they have special ink which never dries and is very difficult to forge. You need to rub the solid-coloured shape that's next to the Queen's head (I think it's a diamond shape on fifties, without having any English banknotes handy) on some plain white paper and the colour will come off. You can also run your fingers over the writing which says 'Bank of England' and it should be raised slightly.

Euros have a hologram strip on the right and a watermark which you can see clearly down the left when you hold them face-up to the light. 100 euro notes also have a raised pattern to the left of the big 100 on the front which feels bobbly - I don't know about the ink.

As Ian said, relying on one method will work in some cases but not all, and it's far better to do a bit of research on the Bank of England site. I threw away my checker pen when it ran out and never bought another, although I do have a UV light keyring.

I have a UV checker torch, which doubles as a fun device to check for suspicious stains in hotel rooms.

Christ, I'd never tour again if I started up with that. Anyway, who's coming to have a root through naughtyjas's bin?

Pink89

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Re: cash only transactions and fraudulent money
« Reply #9 on: 09 May 2013, 02:11:55 am »
All the pen does is say whether or not the paper is definitely the wrong sort of paper to be a bank note

Bank notes are not made from tree paper, they are I think mixed cotton (or something similar) supposedly more durable, and which could explain the toilet paper thing :)

I need to get me one of those UV keyrings!
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MissPretty

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Re: cash only transactions and fraudulent money
« Reply #10 on: 11 May 2013, 12:09:17 am »
I know many of us take cash only and I have started to check the quality of the notes, given by my clients discreetly There are some fake notes and would like to get a money checker any recommendations please ?
I don't take cheque, money transfers of any kind online or credit cards it would be to much of a headache for me as I just don't trust at all.

Ebay sales the note check pen to check if notes are real and really works and its cheap try it :)