Banking and Cash Vent...

[Diggin It]

One problem is there are too many different variations. Maybe not in 100s, but how many different versions of 10s and 20s are running around in the wild? Can you tell a fake 1980 twenty from a real one? They try to pull those old bill in as they pass through clearing houses, but not all of them pass through those.

Brings up an interesting question. How would a bankophobic who keeps cash at home handle things if some of those old bills were no longer valid for some reason?

 

[Diggin It]

Did you ever play the kid's game "Hot Potato" or perhaps "Musical Chairs"? The last one holding it is stuck with it.

Could be stuck doing 10 years too.

 

[Jstpssng]

Could be stuck doing 10 years too.

Only if you knew that it was fake.

 

[radios1]

I agree, but they can稚. Otherwise people would be turning in counterfeits for real. I致e never had a counterfeit that I realized but if I did I壇 spend it. It痴 all paper anyway, I shouldn稚 take a hit for something I didn稚 do.

I don't think that's possible, because the SS would investigate the source of the bills, and determine if the subject was an innocent victim or a criminal making, or knowingly passing the money!..

 

[Diggin It]

They don't replace them because they were never a legal draft obligation of the Treasury. If you get one from a bank and can prove it, the bank should replace it, but probably won't under the same pretense.

 

[ultrarunner]

One thing not talked about much is the US Treasury replaces counterfeit bills held by foreign Central Banks... Last time in Austria the local town bank would not do business with me due to incidents with counterfeits.

 

[Ken45101]

Like I said, if you're doing wrong it could happen.. You're average normal person is never going to get cash taken from them in a traffic stop.. This isn't communist China..

Years ago there was a episode on 20/20 or one of the other news shows. I-10 through Louisiana was a routine are for some police departments to pull over people and confiscate their money or vehicle. What were they doing wrong? Driving I-10 with out of state platesl. Cops even pulled over the filming news crew.

 

[Ken45101]

I suppose..

I try not to drive around drug area's with a pile of cash in my car at 2:00am..

Interstate 75 is a well known drug corridor, at all times of the day.

 

[fried1765]

This spring I sold my smaller rear blade. $900 . The fellow gave me nine - $100 bills. I never thought a thing about it until I went to the bank to deposit.

The teller scanned each bill with some kind of pen. I guess they were all good because they were deposited into my account.

Has it come down to a point where a private citizen must have one of those "scanning pens" to accept larger bills.

If any of the bills had been bogus - I'd have been up the creek with only a teaspoon..............

I wonder if LEO would have accepted my explanation. "I received them from an unknown person".

On request, my local bank gives out free currency testing pens to their customers.
The pens are not foolproof, but they usually do work.

 

[fried1765]

I avoid 100's at all cost.
Tellers hate it when I ask for $1000 or $2000 in 20 dollar bills

My bank manager says that counterfeit 20 dollar bills are the ones they receive most often.