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Old 09-14-2014, 08:29 AM
 
18,791 posts, read 8,401,221 times
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Quote:
Originally Posted by smommaof3 View Post
I was just reading another thread. It seems people love getting cash or using cash. I don't, because I've received a lot of counterfeit money. I've received both cash and counterfeit money. One time, I even received counterfeit bills from a bank. Have you ever received counterfeit money?
I got a counterfeit $20 once at the gift shop in the Awahnee Lodge, Yosemite back in the late '70's. I passed in on the next day in SF Chinatown.
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Old 09-19-2014, 09:24 PM
 
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Default just the opposite

I had just the opposite happen to me,I once had an old school $50 bill and none of the young cashiers I gave it to wanted because they never saw one ,they thought it was fake, I finally had to go to the bank and trade it in for a new one.
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Old 09-19-2014, 09:27 PM
 
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Quote:
Originally Posted by smommaof3 View Post
I was just reading another thread. It seems people love getting cash or using cash. I don't, because I've received a lot of counterfeit money. I've received both cash and counterfeit money. One time, I even received counterfeit bills from a bank. Have you ever received counterfeit money?
Where the heck do you live???
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Old 09-21-2014, 08:20 AM
 
Location: Ontario, NY
3,512 posts, read 7,757,240 times
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Quote:
Originally Posted by smommaof3 View Post
Have you ever received counterfeit money?
I can't say I have, I believe that good counterfeit currency is a lot less of an issue than it was years ago. Criminals sophisticated enough to create good counterfeit currency have switched to computer based crime instead. It's less risky and yields far more profits than counterfeit money. There may be more low quality counterfeit currency floating around, like the kind printed on ink jet or color laser printers, but it's easily detectable and doesn't make it very far before being detected and removed from circulation.
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Old 09-21-2014, 08:26 AM
 
Location: Ontario, NY
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Quote:
Originally Posted by ScoopLV View Post
That story is from 1997, no casinos that I'm aware of use tokens anymore, the slot machines issue a ticket with a bar code when you cash out that can use in another slot machine or cashed at exchange machine.
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Old 09-21-2014, 08:32 AM
 
Location: Ontario, NY
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Quote:
Originally Posted by Woundedknee View Post
I had a guy once throw a 10 dollar bill on the ground claiming it was fake I looked at it and immediately noticed it wasn't a normal 10 but a 10 dollar gold certificate.
This happens occasionally when someone tries to spend a $2 bill, I recall one story where even the manager and the policeman they call didn't know there was such a thing as a $2 bill.
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Old 09-21-2014, 08:38 AM
 
Location: Ontario, NY
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Quote:
Originally Posted by smommaof3 View Post
I think it is useless, though. What bank would honor that now?
You think wrong then. Depend on the condition of the bill, but a coin/bill collector would pay you several times the face value of a gold certificate at least. A rare bill in perfect condition could sold for thousands of dollars to a collector.

Last edited by TechGromit; 09-21-2014 at 08:48 AM..
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Old 09-21-2014, 08:54 AM
 
477 posts, read 799,219 times
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Quote:
Originally Posted by TechGromit View Post
You think wrong then. Depend on the condition of the bill, but a coin/bill collector would pay you several times the face value of a gold certificate at least. A rare bill in perfect condition could sold for thousands of dollars to a collector.
I still find that doubtful for a gold certificate. If I'm going to spend thousands for that, might as well get some real gold. No one in 2014, or later, is going to give you any gold for that. Regular banks, as in like the bank you use the ATM for, don't even have gold. I would think, unless it's in a safety deposit banks, even the RARE banks that have gold for some reason probably keep them somewhere where they're better protected and get them out as needed.
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Old 09-21-2014, 09:30 AM
 
18,791 posts, read 8,401,221 times
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Quote:
Originally Posted by smommaof3 View Post
I still find that doubtful for a gold certificate. If I'm going to spend thousands for that, might as well get some real gold. No one in 2014, or later, is going to give you any gold for that. Regular banks, as in like the bank you use the ATM for, don't even have gold. I would think, unless it's in a safety deposit banks, even the RARE banks that have gold for some reason probably keep them somewhere where they're better protected and get them out as needed.
"There was a fire on 12 December 1935, and employees threw burning boxes out into the street. The box of canceled high-denomination currency burst open. Much to everyone's dismay, they were worthless. There are several hundred outstanding, and their ownership is technically illegal, as they are stolen property. However, due to their lack of intrinsic value, the government has not prosecuted any owners, citing more important concerns. They carry a value of several hundred dollars in the numismatic market. This is the only example of "circulating" U.S. currency that is not an obligation of the government, and thus not worth the full face value. The note bears the portrait of Andrew Jackson and has no printed design on its reverse side."

Gold certificate - Wikipedia, the free encyclopedia

The Treasury still has $11B of these hanging around. That $11B based on $42 2/9 dollars per troy ounce of gold. Gold is a bit more valuable today, so that's over $300B!
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Old 09-21-2014, 10:08 AM
 
477 posts, read 799,219 times
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Quote:
Originally Posted by Hoonose View Post
"There was a fire on 12 December 1935, and employees threw burning boxes out into the street. The box of canceled high-denomination currency burst open. Much to everyone's dismay, they were worthless. There are several hundred outstanding, and their ownership is technically illegal, as they are stolen property. However, due to their lack of intrinsic value, the government has not prosecuted any owners, citing more important concerns. They carry a value of several hundred dollars in the numismatic market. This is the only example of "circulating" U.S. currency that is not an obligation of the government, and thus not worth the full face value. The note bears the portrait of Andrew Jackson and has no printed design on its reverse side."

Gold certificate - Wikipedia, the free encyclopedia

The Treasury still has $11B of these hanging around. That $11B based on $42 2/9 dollars per troy ounce of gold. Gold is a bit more valuable today, so that's over $300B!
You basically said what I did. A bank won't give you anything for them (gold or cash). They're not worth thousands of dollars as previously stated.
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