Secret Service shares tips on counterfeit detection with Ketchum businesses
About our money• The first Secret Service detail of five men was established in 1865 to investigate counterfeit currency. President Abraham Lincoln gave the order one day before his assassination. At the time, banks made their own currency, one third of which was fake.
• Crane and Co. began making currency stock in 1879. It still makes it for money used in the U.S. and other countries.
• U.S. greenbacks are actually 80 percent cotton and 20 percent linen, made out of fibers from shredded sheets and jeans.
• It wasn't until 1928 that the U.S. government standardized the size of its bills.
KETCHUM - Chris Roebuck is looking forward to this weekend's surge of visitors who'll snap up T-shirts, running shoes and other items that have languished on Sun Valley-area store shelves since the end of the ski season.
But the Hailey jeweler, who owns Christopher and Co., is also mindful that funny money could come with the hordes of visitors.
"I would think counterfeiters would come during the busy weekend when they think they are less likely to be noticed," he said. "It's our job to make sure the goods we're selling are being paid for."
That's why Roebuck joined employees from The Elephant's Perch, Webb Landscape and Garden Centers and other businesses Tuesday at a seminar sponsored by Zions Bank to learn how to recognize counterfeit currency.
Boise-based U.S. Secret Service Special Agent Robert Harell told attendees that much of the funny money Idaho sees comes from California and Las Vegas. But some is homegrown, he said, especially by methamphetamine addicts who make money on ink jet printers.
The easiest way to detect funny money is to hold the bill up to the light, Harell said. Take a $50 bill, for instance, and look for the vertical security thread embedded just to the right of President Ulysses S. Grant. The words "USA 50" and a small flag should be visible along the thread.
Make sure the hazy watermark in a circle to the right of the president is that of Grant and not some other president. And make sure the 50 in the lower right corner on the note's front changes color from copper to green when the bill is tilted.
Some businesses, including the McDonald's in Nampa, use fluorescent machines to show the colored security threads, Harell added.
Harell said that store clerks have the right to take suspicious bills to hold for police to look at. If the customer demands the bill back, he said, give it back but get their license plate and call the police.
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US greenbacks are actually 80 percent cotton and 20 percent linen, made out of fibers from shredded sheets and jeans. • It wasn't until 1928 that the US government standardized the size of its bills. KETCHUM - Chris Roebuck is looking forward to this
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