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You tend to run into the problem that forging large notes has a much greater return on investment. People get nervous about accepting them. In the UK this defin
by VBprogrammer 7y ago
You tend to run into the problem that forging large notes has a much greater return on investment. People get nervous about accepting them. In the UK this definitely kicks in around the £50 mark.
- SilasX 7y agoHeh, yep, like to joke that $100 feels like a lot of money whenever you try to spend a $100 bill. I can barely fathom what it's like trying to pass a 500 EUR note.
- njarboe 7y agoIf you spend time in casinos, $100 notes flow around like water.
- vkou 7y agoCasinos are also a hotbed of money laundering.
- Iwan-Zotow 7y agoBugsy Siegel look at this with the note of approval
- tinus_hn 7y agoThe most forged notes are the smaller ones because everyone checks the large notes. You can just hand people a photocopy of a €20 euro bill with a hologram sticker and if it’s in a dark bar you’ll probably get to keep the change.
- Mirioron 7y agoDon't they run all the notes through the checker?
- tinus_hn 7y agoNo, that takes way too much time. If you check using a UV light you’ll notice most simple forgeries but I guess most people just don’t expect small bills to be forged.
- Mirioron 7y agoDoes it? Every time somebody pays in cash in a store here they run each bill through a machine that, I'm pretty sure, checks the authenticity of the bill.
- tinus_hn 7y agoA store is not a bar. Stores typically have less transactions but these transactions involve more money, so you can afford more time.
- raverbashing 7y agoThere's no denomination larger than £50 in England, right? Scotland and NI have £100 which probably adds to the confusion.
- timthorn 7y agoIn general circulation, that's right - but the Bank of England does have £100,000,000 notes: https://www.bbc.co.uk/news/magazine-21145103 https://www.bbc.co.uk/news/magazine-21145103
- eigenvector 7y agoSigns stating "$100 notes not accepted" used to be seen in many shops Canada about 15-20 years ago, when cash was much more commonly used. Since the switchover to polymer bank notes around 2011, counterfeiting has become almost non-existent but cash payments in general are much less common too.
- CapricornNoble 7y agoI love how Japan is a cash economy. It's normal to walk around with 2-5 $100-equivalent bills (the 10,000 Yen note) as pocket change for a week or so. Paid $22,000 in Y10,000 notes for a private event once. The staff didn't even bat an eye.