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Counterfeit money

Counterfeit money

Counterfeit money is currency produced without the legal sanction of a state or government, usually in a deliberate attempt to imitate that currency and so as to deceive its recipient. Producing or using counterfeit money is a form of fraud or forgery, and is illegal. The business of counterfeiting money is nearly as old as money itself: plated copies (known as Fourrées) have been found of Lydian coins, which are thought to be among the first Western coins.[1] Before the introduction of paper money, the most prevalent method of counterfeiting involved mixing base metals with pure gold or silver. Another form of counterfeiting is the production of documents by legitimate printers in response to fraudulent instructions.[clarification needed] During World War II, the Nazis forged British pounds and American dollars. Today some of the finest counterfeit banknotes are called Superdollars because of their high quality and imitation of the real US dollar. There has been significant counterfeiting of Euro banknotes and coins since the launch of the currency in 2002, but considerably less than that of the US dollar.

Counterfeit money

Some of the ill effects that counterfeit money has on society include a reduction in the value of real money; and an increase in prices (inflation) due to more money getting circulated in the economy—an unauthorized artificial increase in the money supply; a decrease in the acceptability of paper money; and losses when traders are not reimbursed for counterfeit money detected by banks, even if it is confiscated. Traditionally, anti-counterfeiting measures involved including fine detail with raised intaglio printing on bills which allows non-experts to easily spot forgeries. On coins, milled or reeded (marked with parallel grooves) edges are used to show that none of the valuable metal has been scraped off. buy Counterfeit 100 dollar bill online safely from our company safely and securely.

Counterfeiting is sufficiently prevalent throughout history that it has been called “the world’s secondoldest profession“.[5][6] Coinage of money began in the region of Lydia around 600 B.C. Before the introduction of paper money, the most prevalent method of counterfeiting involved mixing base metals with pure gold or silver. A common practice was to “shave” the edges of a coin. This is known as “clipping“. Precious metals collected in this way could be used to produce counterfeit coinage. A fourrée is an ancient type of counterfeit coin, in which a base metal core has been plated with a precious metal to resemble its solid metal counterpart.

Counterfeit money

When paper money was introduced in China in the 13th century, wood from mulberry trees was used to make money. To control access to the paper, guards were stationed around mulberry forests, while counterfeiters were punished by death.

In the 13th century, Mastro Adamo was mentioned by Dante Alighieri as a counterfeiter of the Florentine fiorino, punished with death by hanging. The English couple Thomas and Anne Rogers were convicted on 15 October 1690 for “Clipping 40 pieces of Silver”. Thomas Rogers was hanged, drawn, and quartered while Anne Rogers was burnt alive. Evidence supplied by an informant led to the arrest of the last of the English Coiners “King” David Hartley, who was executed by hanging in 1770. The extreme forms of punishment were meted out for acts of treason against the State or Crown rather than a simple crime.

American 18th-19th century iron counterfeit coin mold for making fake Spanish milled dollars and U.S. half dollars

In the late eighteenth and early nineteenth centuries, Irish immigrants to London were particularly associated with the spending (uttering) of counterfeit money, while locals were more likely to participate in the safer and more profitable forms of currency crime, which could take place behind locked doors. These include producing false money and selling it wholesale

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