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Series 1950 $5 Counterfeit (Fake)? - Coin Community Forum currency pen turns black

Series 1950 $5 counterfeit?      Next Page        To participate in the forum you must log in or register . Author  Topic  Page: 1 2 of 2 janknez Pillar of the Community United States 558 Posts  Posted 09/04/2008  9:02 pm   A friend gave me a five-dollar bill that she was told is counterfeit. She tried to spend it somewhere, and the clerk used one of those pens on it -- usually only used on 20's and 100's -- and the clerk said it was not genuine. It looks genuine to me. I think it's just old. It's a series 1950. What is supposed to happen when that pen is used on a bill? Is there something about an old bill that would give the same result as a counterfeit bill? Report this Post to the Staff daviscfad Pillar of the Community United States 4482 Posts  Posted 09/04/2008  11:03 pm     i dunno i do know Is it blue seal red seal? I am going to have to try and search that out Spencer Davis Learning, Turning, & Earning Report this Post to the Staff   Parklane64 Pillar of the Community United States 2363 Posts  Posted 09/05/2008  01:20 am     Ahh, errr.... I would also collect chocolate coins, except for that one problem. ANA # 3189614 Report this Post to the Staff   wheatiefan Valued Member United States 488 Posts  Posted 09/05/2008  02:08 am     Those pens contain iodine. If used on paper with starch (like from a printer or photocopier), it will turn black. That won't happen on bills, because they're not paper. Anyhow, does the bill have the mark from a pen on it? What color is the mark? My guess is that an ignorant clerk said it wasn't genuine simply because it 'looks funny'. Just like some people don't think old silver coins are real money. If she _really_ suspected it was counterfeit, shouldn't the clerk have called the police? WheatieFan Report this Post to the Staff   janknez Pillar of the Community United States 558 Posts  Posted 09/05/2008  08:00 am     Yes, I'm sure the clerk was ignorant -- nobody uses those pens on small bills because counterfeiters don't go to all that trouble for fiv bucks. I presume it was because it looked different, being an old variety. I'm sure the seal is blue -- I would remember if it wasn't. (The bill is at home and I'm at work right now.) I will scan it tonight and post a picture. The store clerk was probably 15 and doesn't remeber when U.S. paper money had presidential portraits smack in the middle.... Report this Post to the Staff   clembo Valued Member United States 442 Posts  Posted 09/05/2008  09:07 am     Different paper composition in the notes from the 1950 series. Those stinking pens don't work on them. What the clerk has done is put an unnessecary mark on an older note. Kind of like scratching a Wheat cent with a knife to see if it's copper. I'd bet that five and more it is a genuine note. Report this Post to the Staff   biokemist6 Bedrock of the Community United States 12282 Posts  Posted 09/05/2008  09:22 am     If it is a 1950 series, the it has to be a Federal Reserve Note with a green seal as those were the only 1950 series $5 bills. The United States Notes(red seal) have a 1928 series and then skip to 1953 series. The Silver Certificates(blue seal) have a 1934 series and then skip to 1953 as well. As far as authenticity, clembo is correct- the old stock doesn't work the same way. A friend of mine who used to live in Las Vegas and worked in a cashier cage at a casino told me a story one time. Some big shot wanted to impress a lady friend. He purchased five $1000 bills from a local coin dealer and then went to the casino to look like a big man throwing down some $1000 notes at a poker table. Well, he did that and a cashier used an iodine pen on all five notes Needless to say, the guy was not happy when told they were "counterfeit" and threw a fit. A call was placed to the local Secret Service office and agents were dispatched. They verified that the bills were authentic but the funny thing is that the casino still refused to take the money and then kicked him out Now the guy had five $1000 bills that he had probably spent $10,000 on and they had iodine marks all over them and it would be doubtful that any other casino would accept them either and his lady friend was probably not very impressed at that point ANA R-3151318 Edited by biokemist6 09/05/2008 09:23 am Report this Post to the Staff   arthrene Pillar of the Community United States 1709 Posts  Posted 09/05/2008  3:58 pm     I used to work as a cashier and used to count tills at the end of each business day. The cashiers used the counterfeit pens frequently. When used on a legitimate bill they can turn anywhere from a yellow to a dark brown (sometimes mistaken as black) color. If you were to write on regular paper with one of these pens, it turns black. Report this Post to the Staff   janknez Pillar of the Community United States 558 Posts  Posted 09/06/2008  08:32 am     Yes, it is a green seal, as Biok6 points out. I wouldn't say this picture-less thread was useless as it answered my quesiton about what the pen does, but to satisfy Arthrene, here is a scan. Report this Post to the Staff   arthrene Pillar of the Community United States 1709 Posts  Posted 09/06/2008  10:36 am     janknez, Oops. I was looking for the simple pics icon ( ) the icon codes are almost identical and I forgot the "!" at the end. I agree this post has been helpful both in the pen information and in the information provided about the different colored seals and when they were made. Thanks for the pictures it looks like a nice note. I don't know if it's just the photos or what but I can't even see the pen mark on the bill so it doesn't look like the cashier did too much damage! Nice find! Report this Post to the Staff   janknez Pillar of the Community United States 558 Posts  Posted 09/06/2008  10:45 am     I can't see a mark, either, Arthrene, and that brings up yet another interesting point. I just got back from a week of casino hopping around Wisconsin and Michigan and have 20 $100 bills I'm going to put back in the bank this morning. Some I might have taken with me (from the bank), but most are from casinos where they routinely marked big bills with the iodine pen, and I don't see a mark on any of them. Does it disappear as it dries? Or just what? Inquiring minds.......... Report this Post to the Staff   daviscfad Pillar of the Community United States 4482 Posts  Posted 09/06/2008  12:33 pm     it doesn't look fake to me ! Spencer Davis Learning, Turning, & Earning Report this Post to the Staff   arthrene Pillar of the Community United States 1709 Posts  Posted 09/06/2008  2:14 pm     According to this site: http://www.sure24.co.uk/datasheets/...SCHCD1-1.pdf the pens do fade. I've used the pens before but never waited around or watched them closely enough to notice it. I'm glad the pen doesn't appear to have done any damage to the bill. I wonder if there are any long term effects of iodine on the bills. Hmm... Report this Post to the Staff   luckyrollers Valued Member United States 125 Posts  Posted 09/16/2008  10:39 am     I have a story of my own to tell: Last week while waiting for my gf I went into a Dunkin Donuts shop to buy a large ice coffee. When I handed a 1969 $20 note to the cashier, she used the pen and said the bill wasn't real. I told them it is real and that I got it from a bank. Of course, he didn't believe me . So he said by law he shouldn't give the note back to me and that he should be calling the police. Man, if I had the time I would ask him to call the cops and SS to come check the note. I wanted to see his face when the SS tell him that the note was real! The note was spent elsewhere.... Report this Post to the Staff   jbuck Moderator United States 43394 Posts  Posted 09/16/2008  11:45 am     The question I have is, since you wanted to spend it, how bad was the condition of that 1969 $20 note? Coin Collector since 1978 . Learn more about my current avatar , my previous one , and my 7070 US type set . Shop CCF Members on eBay and try the CCF eBay Search Engine . Report this Post to the Staff   clembo Valued Member United States 442 Posts  Posted 09/16/2008  9:57 pm     Congratulations janknez You have a real, bona fide note there with a really high serial number. Keep it. clembo Report this Post to the Staff   Page: 1 2 of 2  Topic    Next Page      All Forums Category: US Coins and Currency Forums Forum: US Paper Money and Banknotes   To participate in the forum you must log in or register . Coin Community Member eBay Sales Ending Soon    Newly Listed    Lowest Price    Highest Price    Certified Coins    Certified VAMs    Certified Errors    View Last 100 New Topics Customer Wrapped Nickel Rolls= Jackpot! Counterfeit 2009 Gold Krugerrand- kur002 Why buy something like this off eBay? 1988-D Jefferson Nickels MM Varieties. 1916 Mercury Dime for Grading Should I buy these barber dimes? Is it an error or cud any info on this 1oz alaska coin 1942 p dime split band? 1913 Type 2 Buffalo Nickel - Opinions please. I have collected American nickels from all dates and types. Charles IV of Spain and George III coins? 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Are Markets Pricing-In a Le Pen Win in France?

There’s one big thing standing in the way of France luring banking jobs from London after Brexit: the prospect of Frexit.

With Marine Le Pen among the leading presidential candidates, her platform of taking France out of the euro and the European Union is repelling finance executives. If she loses, a more business-friendly leader such as Francois Fillon or Emmanuel Macron could implement reforms that would make Paris more competitive.

“It’s really black or white: with a Le Pen election no foreign firm would consider to move business to Paris,” said Markus Ohlig, a managing director at Greenwich Associates who advises asset managers and banks in Europe and Asia. Fillon and Macron “both have agendas that should create new confidence” for business decisions in favor of Paris.

Le Pen, the candidate of the far right National Front, wants to leave the euro, revoke central bank independence and print a new currency to finance welfare and industrial projects. Polls show the 48-year-old leading in the first round of balloting in April, but losing the May runoff against either Macron or Fillon.

Still, the campaign of the conservative Fillon, a former prime minister, has been rocked by a worsening scandal over the employment of his wife and children as parliamentary aides. And while the 39-year-old Macron, running as an independent, has climbed in opinion polls, he’s never held elective office and the durability of his support is untested. 

Twists and Turns

Twists in the campaign have been rippling through the bond market as investors, stunned last year by Britain’s decision to leave the European Union and the election of U.S. President Donald Trump, remain attuned to any possibility of a Le Pen upset. The gap in yield between French 10-year bonds and their German equivalent grew to the widest since 2012 last month.

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As Paris vies with Frankfurt, Dublin and other cities for the potential spoils of Britain’s exit, the presidential race is shaping up as a make-or-break event. Pledges by Fillon, 62, to lower taxes, smooth hiring and firing rules and scrap the 35-hour work-week got discreet praise early on from French corporate leaders. Executives are increasingly looking favorably on Macron’s less aggressive reform plans, which he outlined in a presentation Thursday.

Paris currently has about 150,000 finance industry employees, including back-office staff, and could lure 20,000 workers or more from Britain after Brexit, estimated Paris Europlace, the city’s financial lobby group. Four globally systemic banks as well as insurance giant Axa SA have their headquarters in the Paris region. The city is also one of Europe’s biggest asset-management and bond-trading centers. 

“The Paris hub is hoping to become more competitive after the elections,” said Arnaud de Bresson, head of Europlace. Officials from the group are in contact with all of the campaign teams and “everyone is listening to and is aware of” our priorities, he said.

French banks BNP Paribas SA and Societe Generale SA have suggested they may repatriate a marginal number of jobs to France following Brexit.

Read more: French bankers dismiss threat of Le Pen win

London-based HSBC Holdings Plc is the only big foreign bank that’s indicated it will relocate employees to Paris. Chief Executive Officer Stuart Gulliver said in January that staff generating about 20 percent of its London investment-banking revenue may move to the French capital. HSBC already owns one of the country’s top consumer-banking networks. 

HSBC’s choice might remain an isolated case unless France’s next president reduces the country’s disadvantages in terms of tax levels and labor costs.

“It’s maybe an exaggeration to say, but probably close to reality: eliminating a job takes three days in London, three months in Switzerland, three years in Paris,” Jean-Frederic de Leusse, head of UBS Group AG’s French unit, told senators in Paris in February. “Clearly the new French government’s policy will be looked at and will matter in the choice,” but so far there isn’t “enough visibility” to decide on Brexit-related moves, he said.

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Green Seal One Hundred Dollar Bills from 1950 and Newer One Hundred Dollar Bills from 1950 to Present – Values and Pricing

Any one hundred dollar bill from 1950 or newer is basically going to just be worth the face value of $100 dollars. You have to remember that billions of one hundred dollar bills have been printed since 1950. They are just not even close to being rare or collectible yet, and they probably never will be.

There are a few things that can make 1950 and newer $100 bills worth a little more than face value.

If your one hundred dollar bill has a fancy serial number then it could have more value.

If your one hundred dollar bill is misprinted then it could have more value.

If your one hundred dollar bill is a star note then it could have more value.

If you have a consecutive run of 50 or more one hundred dollar bills then they could carry a small premium.