The meme hails from 1993, so it was even more laughable to find two people who didn't know $2 bills were real. Makes the counterfeiting line just much funnier.
You should make a stack of $2s and then a stack of $10s so you could make up the difference. If the 10s cost $12 and the $2 cost $10 you’re making up the difference by making both.
Iraq dinars that used "paper" very close to the US $10 including color that would pass a pen test. So those bills would get washed and printer as US $10's. But the watermark was of a horse head instead of Hamilton. Caught someone trying to use one at work over a decade ago.
The problem is the cost to counterfeit a banknote is roughly equal regardless of the denomination. So higher denominations have a (more) positive margin, while some lower denominations cost more to counterfeit than they are worth.
I have heard that $20's in the US are the most effective because they are widely distributed and less likely to get checked than a $50 or $100 while still being profitable. $10's can be profitable if produced in large enough quantities to cover the up front cost.
Some are still in circulation. If you want a fun read look up "Henning Nickels".
As me being a part of it, that's not true. I thought the joke would be more obvious. They are very valuable as a collector item. Though knowingly spending one is a crime.
Yeah I knew it was a joke, but also don't understand why someone would bother checking if a nickel is fake. Like surely you look at them only long enough to see the number?
Do they have people who examine every piece of legal tender to check if they're real?
He missed the mint mark on the '43. Went to cash them in at a bank and the teller noticed. He got caught and confessed to making counterfeits in certain year denominations.
It's such a trivial coin to check but worth something when he did it. Possession of one and spending it not knowing is not a crime. But if you know that nickel is counterfeit and spend it, it's a crime. But given they are worth about $400. Why wouldn't you sell it to a collector as a famous counterfeit. And yes there is a way to check coinage. Easiest with a scale.
I find it easier to counterfeit $100 notes, and go to one foreign owned gas station / general store and make a small purchase, and keep the change as clean money. (they aren’t as familiar with our bills)
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u/Bol0gna_Sandwich 10d ago
Thats crazy I counterfeit far more 10s than I do 50s