Amazing. It used to be thought that it wasn't worthwhile for malefactors to counterfeit bills smaller than $20, but now...
U.S. Customs and Border Protection (CBP) officers at the International Falls Port of Entry seized $900,000 in counterfeit United States currency Friday that was discovered in a commercial rail shipment originating from China...
Due to the vigilance of CBP officers, a rail container was referred for a Customs Exam Station inspection on Dec. 14, 2019. During the examination, CBP discovered 45 cartons of possible counterfeit currency in the form of $1 bills with a total face value of $900,000.
Possible?
ReplyDeleteIt's possible. Note they made almost a million, which was probably needed to get the average costs down to the point it sort of pays off. And the reason they shipped them to the US was that dollar bills aren't circulated much outside the US -- larger bills are preferred outside the US.
ReplyDeleteThere was a guy back in the 50's who counterfeited nickels -- made several hundred thousand of them. Never made any money at it though. So printing $1 bills isn't that strange..
http://www.error-ref.com/henning-counterfeit-nickel/
Interesting. I had not heard of that coin before. Better dig out my Jefferson nickels and look through them.
DeleteNot worried since vending machines don't even take crisp real ones...
ReplyDelete