Entrepreneur.com.ph

Forumer's Announcements => Sources of funds => Topic started by: maneki_neko on March 14, 2006, 01:35:07 am

Title: Beware of Counterfeit Money. How to Tell if it's The Real Deal
Post by: maneki_neko on March 14, 2006, 01:35:07 am
Consider this: most if not all SMEs will be the recipient of fake bills at some point in their business lives. Nowadays, with sophisticated color copier machines, ink-jet printers, scanners and imaging software in widespread use, the probability of fake currency entering circulation has gone up.

In view of more refined production methods, being able to recognize what authentic money looks and feels like is a skill of utmost importance. You should be able to advise your clerks and cashiers on the basic security features of genuine money to help protect your business against fraud.

Ms. Zenaida Gloria J. Ching, an expert in spotting fake currency with more than 18 years experience at the Bangko Sentral ng Pilipinas (BSP) shares the following distinguishing marks of genuine money:

1. Real bills are rough and course in texture. The term “paper money” is a misnomer as the bills is a combination of cotton and abaca fibers, thereby making them slightly grainy to the touch.

2. The portrait on the face of the bill is solid and life-like. The biggest feature occupying the largest space in front is the portrait It is bolder in color, and composed of well-defined lines that give it a 3D effect and make it stand out from the background. The eyes are made of concentric lines that provide the portrait with an animated appearance.

3. Vignettes at the back are depicted in rich detail. Take for example the sketches featuring highlights in the life of Ninoy Aquino that appear at the back of the P500 peso bill. These designs consist mainly of finely defined lines separated by white spaces. Lacework and other background designs are likewise done in geometric patterns made up of intricate and well-defined lines.

4. Security colored fibers and metallic threads are embedded in the bill. Red and blue fibers can be found embedded at random on the face and back of the note. A pointed instrument can actually pick these tine fibers off. A metallic thread located vertically off center to the right is also embedded while printing.

5. A shiny band is placed vertically across portrait. A 10-millimeter gold-colored stripe on which the figures 100, 500 or 1000 measuring 5 millimeter in height are printed can be found shimmering vertically off center to the left.

6. Paper feels substantial and solid to the touch. The uncut material with 32 pieces of money is ordered from abroad, and is subjected to tremendous pressure from a sharp machine to separate the bills in a printing process called intaglio. Consequently, paper money is packed solidly with no fraying edges and thread.

7. Watermark figure is distinct and well defined. Perhaps the method most familiar to the layman when checking the authenticity of money, the shadow of the composite portrait appears in sharp detail against a clear field area when money is held against the light.

As live money exchanges hands everyday, being familiar with genuine bills will go a long way towards helping you preserve the rewards of your hard work. Forewarned is forearmed, so they say, and being knowledgeable about the basic visual and physical characteristics of money will help you avoid being victimized by counterfeiters.

If you should encounter fake bills, you may contact the Currency Analysis and Redemption Division or Investigative Staff of the BSP Cash Department at the Tel. Nos. 524-2777, 523-9806 and 524-7011 locals 2296 and 2388. You may also get in touch with the nearest BSP regional or sub-regional office or cash unit.

Source: Business Line Vol. 2 No. 1 2004
A Special Publication for Plantersbank Clients and Friends
Title: Re: Beware of Counterfeit Money. How to Tell if it's The Real Deal
Post by: heiram888 on March 14, 2006, 04:17:38 pm
So does the gadget, the one with ultraviolet light, really work?  Ano ba ang nakikita nila duon kapag tinatapat dun sa violet light?  Coz if this equipment really work, might as well purchase one since hindi naman sya kamahalan sa market.  A little investment like this could go a long long way ika nga.

thanks.

ram
Title: Re: Beware of Counterfeit Money. How to Tell if it's The Real Deal
Post by: maneki_neko on March 16, 2006, 03:09:42 pm
Yong tinitignan sa ultraviolet na yon pag bago ang pera makikita mo rin pag tinapat mo sa ilaw.  Pero pag luma na ang pera mahirap ng makita.  Kaya nga naka post sa mga banko na ipapalit ng bago or i-deposit na sa banko ang mga lumang pera. 

Title: Re: Beware of Counterfeit Money. How to Tell if it's The Real Deal
Post by: buckup on March 20, 2006, 12:03:14 pm
karaniwan sa fake bills, pag tinapat mo sa UV light, iilaw yung buong paper, sa genuine ang umiilaw lang yung security features ng pera, like yung security thread across the paper bill, may nakasulat din na amount ng pera like if it is five hundred, may nakasulat na LIMANG DAAN PISO, na di mo makikita kahit itapat mo sa ordinary light, sa UV light lang visible......


 ;)
Title: Re: Beware of Counterfeit Money. How to Tell if it's The Real Deal
Post by: wynxzl on March 21, 2006, 02:38:58 pm
money detector is cheap lang you can buy ng mga P400 lang.
anyway,may i add po ako.
just remembered the incident when i deposited sa Equitable PCI.the money was not considered fake kasi lahat ng sinasabi nyo na nakikita sa money detector ay andun.
nagtataka ako why all of the branch officers wer staring at me and definitely i did not know what was happening but kinukutuban ako.then later they told me that the money was not fake but was a collector's item released by the banko sentral but walang value pagdating sa bank.the money has a serial number of zero,as in lahat ay zero.then yung sa kin ay may erasures para indi sya maging all zeros.
then sa gitna may nakalagay yata yun na word,i forgot if its collector's item or not for sale yata.basta nakasulat yun sa gitna ng bill tapos inirase lang kaya di halata.
yung masama pa dun the money came from MEtrobank na indi nila nahalata.
anyway,so much for the kwento
mag ingat nalang po tayong lahat.
Title: Re: Beware of Counterfeit Money. How to Tell if it's The Real Deal
Post by: maneki_neko on March 21, 2006, 08:31:01 pm
money detector is cheap lang you can buy ng mga P400 lang.
anyway,may i add po ako.
just remembered the incident when i deposited sa Equitable PCI.the money was not considered fake kasi lahat ng sinasabi nyo na nakikita sa money detector ay andun.
nagtataka ako why all of the branch officers wer staring at me and definitely i did not know what was happening but kinukutuban ako.then later they told me that the money was not fake but was a collector's item released by the banko sentral but walang value pagdating sa bank.the money has a serial number of zero,as in lahat ay zero.then yung sa kin ay may erasures para indi sya maging all zeros.
then sa gitna may nakalagay yata yun na word,i forgot if its collector's item or not for sale yata.basta nakasulat yun sa gitna ng bill tapos inirase lang kaya di halata.
yung masama pa dun the money came from MEtrobank na indi nila nahalata.
anyway,so much for the kwento
mag ingat nalang po tayong lahat.

Sabi mo nga collectors item, pero hindi naman fake.  Yon nga lang sayang din yon kasi meron taong walang magawa at binaboy yong pera.  Diba pag collectors item mas mahal? 

Nasaan na yong pera? Sinabi mo ba sa EQPCI na galing MBTC yon?  At nireport mo ba yon sa MBTC?
Title: Re: Beware of Counterfeit Money. How to Tell if it's The Real Deal
Post by: maneki_neko on March 21, 2006, 08:36:34 pm
karaniwan sa fake bills, pag tinapat mo sa UV light, iilaw yung buong paper, sa genuine ang umiilaw lang yung security features ng pera, like yung security thread across the paper bill, may nakasulat din na amount ng pera like if it is five hundred, may nakasulat na LIMANG DAAN PISO, na di mo makikita kahit itapat mo sa ordinary light, sa UV light lang visible......


 ;)

Alam ko don sa strip meron talagang nakasulat na amount sa mga bagong pera.  Ipa pa ba yong words na LIMANG DAAN PISO don sa 500 na naka box na di basta basta nakikita lalo na kung luma na yong pera?
Title: Re: Beware of Counterfeit Money. How to Tell if it's The Real Deal
Post by: buckup on March 22, 2006, 12:44:18 pm
yung nasa metallic thread readable naman sya, kelangan mo lang ng magnifying glass, iba pa yung words na LIMANG DAAN PISO na nag-i-illuminate lang sa UV light
Title: Re: Beware of Counterfeit Money. How to Tell if it's The Real Deal
Post by: wynxzl on March 23, 2006, 10:48:48 am
money detector is cheap lang you can buy ng mga P400 lang.
anyway,may i add po ako.
just remembered the incident when i deposited sa Equitable PCI.the money was not considered fake kasi lahat ng sinasabi nyo na nakikita sa money detector ay andun.
nagtataka ako why all of the branch officers wer staring at me and definitely i did not know what was happening but kinukutuban ako.then later they told me that the money was not fake but was a collector's item released by the banko sentral but walang value pagdating sa bank.the money has a serial number of zero,as in lahat ay zero.then yung sa kin ay may erasures para indi sya maging all zeros.
then sa gitna may nakalagay yata yun na word,i forgot if its collector's item or not for sale yata.basta nakasulat yun sa gitna ng bill tapos inirase lang kaya di halata.
yung masama pa dun the money came from MEtrobank na indi nila nahalata.
anyway,so much for the kwento
mag ingat nalang po tayong lahat.

Sabi mo nga collectors item, pero hindi naman fake.  Yon nga lang sayang din yon kasi meron taong walang magawa at binaboy yong pera.  Diba pag collectors item mas mahal? 

Nasaan na yong pera? Sinabi mo ba sa EQPCI na galing MBTC yon?  At nireport mo ba yon sa MBTC?

indi daw po yun for sale.pag pinalit mo sa bank ay walang halaga.but pwede mo cguro ibenta sa ibang tao.
indi mo sya masasabi na na fake kasi sentral bank din ang gumawa.colletors item kaya serial nya is all zero.
ang sabi ng EPCI,dun daw nagkamali ang BSP kasi gumawa sila ng perang ganun na binago lang ang serial.e ordianry na tao di mo malalaman na walang value sa bank yun e.
kinuha ko yung pera sa EPCi kasi sweldo yun ng hubby ko 500 din yun at pinabalik ko sa boss nya.kasi yung boss nya ang nag withdraw sa Metrobank.
kaso b4 ko nakuha yung pera sangkatutak na tatak ang nilagay ng Epci para di ko na maerase at di na magamit kasi sabi ko sayang naman yung 500 namin kung di ko babalik at papalitan.
Title: Re: Beware of Counterfeit Money. How to Tell if it's The Real Deal
Post by: maneki_neko on March 26, 2006, 10:01:10 am
money detector is cheap lang you can buy ng mga P400 lang.
anyway,may i add po ako.
just remembered the incident when i deposited sa Equitable PCI.the money was not considered fake kasi lahat ng sinasabi nyo na nakikita sa money detector ay andun.
nagtataka ako why all of the branch officers wer staring at me and definitely i did not know what was happening but kinukutuban ako.then later they told me that the money was not fake but was a collector's item released by the banko sentral but walang value pagdating sa bank.the money has a serial number of zero,as in lahat ay zero.then yung sa kin ay may erasures para indi sya maging all zeros.
then sa gitna may nakalagay yata yun na word,i forgot if its collector's item or not for sale yata.basta nakasulat yun sa gitna ng bill tapos inirase lang kaya di halata.
yung masama pa dun the money came from MEtrobank na indi nila nahalata.
anyway,so much for the kwento
mag ingat nalang po tayong lahat.

Sabi mo nga collectors item, pero hindi naman fake.  Yon nga lang sayang din yon kasi meron taong walang magawa at binaboy yong pera.  Diba pag collectors item mas mahal? 

Nasaan na yong pera? Sinabi mo ba sa EQPCI na galing MBTC yon?  At nireport mo ba yon sa MBTC?

indi daw po yun for sale.pag pinalit mo sa bank ay walang halaga.but pwede mo cguro ibenta sa ibang tao.
indi mo sya masasabi na na fake kasi sentral bank din ang gumawa.colletors item kaya serial nya is all zero.
ang sabi ng EPCI,dun daw nagkamali ang BSP kasi gumawa sila ng perang ganun na binago lang ang serial.e ordianry na tao di mo malalaman na walang value sa bank yun e.
kinuha ko yung pera sa EPCi kasi sweldo yun ng hubby ko 500 din yun at pinabalik ko sa boss nya.kasi yung boss nya ang nag withdraw sa Metrobank.
kaso b4 ko nakuha yung pera sangkatutak na tatak ang nilagay ng Epci para di ko na maerase at di na magamit kasi sabi ko sayang naman yung 500 namin kung di ko babalik at papalitan.

That's what I mean binibili yon ng mga collectors.  Di naman yong value sa bank ang sinasabi ko.  Parang Arovo bills, diba binibili ng collectors.  :)  Kaso sabi mo puro tatak na.  Sa stamps kasi mas malinis mas mataas ang value.   :)
Title: Re: Beware of Counterfeit Money. How to Tell if it's The Real Deal
Post by: wynxzl on March 27, 2006, 10:33:17 am
di siguro alam ng nag erase ng mga serial numbers na mas mataas ang value nun pag sa iba mo benenta.
e ako di ko rin nakita coz i wasnt expecting na meron pala ganun.
but i dont want to keep it kung yun na lang ang collectors item na meron.
baka ako pa mapagbentangan na nag erase ng mga serial at sulat sa gitna.
dun nga lang na pina stay nila ako sa bank ng mas matagal at pinabalik pa ko was a bit embarrasing na.
tsk tsk mga pinoy talaga gugulang kung makakagulang..bad
Title: Re: Beware of Counterfeit Money. How to Tell if it's The Real Deal
Post by: mags3one on October 24, 2006, 10:21:31 pm
please help

pede bang share nyo dito kung ano yung tinitignan nyo or palatandaan nyo every denomination ng pera natin...

i know iba-iba kasi din ang style natin sa pagkilatis ng mga pera ....
Title: Re: Beware of Counterfeit Money. How to Tell if it's The Real Deal
Post by: wynxzl on October 25, 2006, 11:42:06 am
ei guys di ba may fake na coins? ano kaya difference sa fake at hindi.
di ko pa na encounter e.
Title: Re: Beware of Counterfeit Money. How to Tell if it's The Real Deal
Post by: Kuskos-Balungos on October 25, 2006, 11:47:31 am
ei guys di ba may fake na coins? ano kaya difference sa fake at hindi.
di ko pa na encounter e.

Parang wala pa yata akong na-encounter na fake na coins... :)
Title: Re: Beware of Counterfeit Money. How to Tell if it's The Real Deal
Post by: Jenny Sy on October 25, 2006, 02:59:07 pm
merong fake P5 and P10 coins na kumakalat. to tell if it's a fake, use a magnet. yung fake coins dumidikit sa magnet.
Title: Re: Beware of Counterfeit Money. How to Tell if it's The Real Deal
Post by: face faces on October 25, 2006, 08:25:52 pm
yung fake na 10 peso coin halatang kinabit ang gitna yung parang gold.
Title: Re: Beware of Counterfeit Money. How to Tell if it's The Real Deal
Post by: Kuskos-Balungos on October 26, 2006, 09:13:11 pm
Iba na talaga ang kahirapan ngayon! Pati coins pinipirata na!!!   ;D
Title: Re: Beware of Counterfeit Money. How to Tell if it's The Real Deal
Post by: annivega on October 26, 2006, 10:08:59 pm
It's true... pati 5 peso coins and 10 peso coins, meron na rin counterfeit.

Ang problema, pag nagmamadali din tayo, hindi na rin natin halata kung tunay or fake yung coins... :P
Title: Re: Beware of Counterfeit Money. How to Tell if it's The Real Deal
Post by: power on August 28, 2007, 05:15:23 am
sa counterfeit money, nagkakatalo lang na mei 3 serial numbers na umiikot for say a 500 peso bill...pero no matter how you inspect it eh walang difference na makikita...ung amoy lang eh hindi masyado malakas....