4 ms·
Pretty interesting story - basically one company in USA has "monopoly" on providing "paper" for your banknotes and the reason is mostly because they have been i
by joering2 7y ago
Pretty interesting story - basically one company in USA has "monopoly" on providing "paper" for your banknotes and the reason is mostly because they have been in business for centuries.
Funny story from my early days at one of financial corporations in NYC. I had a buddy who loved to collect money. So on his birthday one time I bought him and brought to the office an uncut 50-pieces $1 sheet that you can easily buy from BEP even up to $100s [1]
He loved the gift and many people were impressed you can buy them by uncut sheets. Unfortunately an HR lady was not convinced; next morning I have Secret Service (!!) at my desk with police officers ready to arrest me! Gladly they believed my story but only after I forwarded them an email receipt from BEP to prove I actually bought it from them, not printed at home myself! She never apologized to me but frankly I wasn't looking for one. Good times.
[1] https://catalog.usmint.gov/paper-currency/uncut-currency/ https://catalog.usmint.gov/paper-currency/uncut-currency/
EDIT: thanks for posting Woz story, never seen it before.
Interesting fact about $2 bills (I am collector myself) - never buy them online at premiums, simply ask in bank especially before New Year where Chinese people ask for these (form of good luck) and you may get a freshly printed. BEP continues to print them and they are quite popular, but careful how you use them, you can get arrested if cops don't know they exist!
https://geektyrant.com/news/a-man-was-arrested-for-using-2-bills-at-best-buy-because-the-employee-and-cop-had-never-seen-one-before https://geektyrant.com/news/a-man-was-arrested-for-using-2-b...
- RandomBacon 7y agoYou might like Woz's story about how he bought uncut $2 bills, and had them cut to 1x3 sheets, perferated between the bills, and glued the top edge and handed the $2 bills like they were novelty items. He also was investigated by the Secret Service. Previous HN discussion: https://news.ycombinator.com/item?id=9319034 https://news.ycombinator.com/item?id=9319034
- danso 7y agoThat is hilarious. I thought I had read all the funny Woz stories but this is new (or forgotten at some point)
- gscott 7y agoWoz had a similar experience https://www.coinbooks.org/esylum_v18n36a40.html https://www.coinbooks.org/esylum_v18n36a40.html
- papln 7y agoIt's sad that the Secret Service, who was created for one job -- investigate counterfeiting -- don't understand where money comes from.
- vinay427 7y agoI'm not really sure how you reached that conclusion from this: > they believed my story but only after I forwarded them an email receipt from BEP to prove I actually bought it from them