Do you know what's in your wallet? The Secret Service was founded. - - PowerPoint PPT Presentation

Do you know what's in your wallet?

• The Secret Service was founded.

What is one of the main jobs of the Secret Service?

• Keeping our nation’s currency safe

In 1865, what percentage of the nations currency was counterfeit?

• Estimated 1/3 to 1/2 of the nations currency was counterfeit

In 2004, what percentage of our currency was counterfeit?

• Less than .01%

How much currency was in circulation?

• In 2004 – $667,000,000,000.00

So what is .01% of 667 billion dollars?

• $66,700,000.00

As of November 15th, 2017 1.59 trillion dollars was in circulation. Note – No 2017 counterfeiting stats were available on the Federal Reserve website.

• Outside of the United States - $100.00
• Inside the United States - $20.00

• Counterfeit bills have been found in Pagosa Springs.
• A counterfeit bill was given to the county.

• Feel
• Tilt
• Check

• Feel the paper.
• Move your finger across the note. It should feel slightly rough to the touch because
• f the raised printing and the unique composition of the paper.

What is the composition of the paper used to print money?

• 75% cotton and 25% linen

How many double folds are required to tear a $1.00 bill?

• 4,000 folds

• Tilt the note to see the color-shifting numeral on $100, $50 and $20 bills.
• A $100 bill will have color-changing ink on the bell in the inkwell.
• A $100 bill also has a 3-D security ribbon that has bells and 100s. If tilted back and

forth, the bells and 100s move from side to side.

• When you tilt the note from side to side, the bells and 100s move up and down.

Is the 3-D security ribbon on a $100 bill printed on the bill, encased in the bill or woven in and out of the bill?

• Woven

• $100, $50, $20, $10 and $5 notes all have a security thread imbedded in the note.
• $100 – Reads USA 100 and is located to the left of Benjamin Franklin’s portrait. It

glows pink when illuminated by ultraviolet light.

• $50 – Reads USA 50 and a small flag and is located to the right of Grant’s portrait. It

glows yellow when illuminated by ultraviolet light.

• $20 – Reads USA 20 and a small flag and is located to the left of Jackson’s portrait.

It glows green when illuminated by ultraviolet light.

• $10 – Reads USA 10 and a small flag and is located to the right of Hamilton’s
• portrait. It glows orange when illuminated by ultraviolet light.
• $5 – Reads USA 5 and is located to the right of Lincoln’s portrait. It glows blue when

illuminated by ultraviolet light.

Does the portrait match the denomination?

• $100, $50, $20, $10 and $5 notes all have portrait watermarks.
• Hold the note to the light and look for a faint image. This image is visible from both

sides of the note.

• $100 – THE UNITED STATES OF AMERICA along Franklin’s collar, small 100 in the

note’s vertical borders, and USA along bottom of Franklin’s portrait.

• $50 – THE UNITED STATES OF AMERICA along Grant’s collar.
• $20 – THE UNITED STATES OF AMERICA 20 USA in the border below treasurer’s

signature.

• $10 – THE UNITED STATES OF AMERICA below Hamilton’s portrait.
• $5 – E Pluribus Unum at the top of the eagle’s shield to the right of the portrait, USA

between columns of eagle’s shield, FIVE DOLLARS along the side borders.

Should I give the money back to the customer and avoid all the paperwork?

• ****NO*****

Why?

• It is important to remove bills from circulation and investigate how/where the bills

were created.

• Move the bill out of the customer’s reach!
• Observe the customer’s description, as well as that of any companions.
• Take note of the vehicle and license plate if available.

• Say – “I’m sorry, but this bill does not appear to be genuine. I cannot accept it as

payment, but I also can’t return it to you. I would also like to ask you to stay and give a statement to the authorities.” What is the customer’s reaction?

• Call dispatch at 970-731-2160, if you are within the town limits, a police officer will
• respond. If you are out of town limits but within the county, a sheriff’s deputy will

respond.

• Do not call 911 – this is not classified as an emergency.
• Let them know that you have received a counterfeit bill and that the customer is

cooperating and willing to wait for an officer/deputy to arrive.

• In front of the customer, put your initials and the date in the white margin of the

bill.

Is keeping the customer or the bill worth your life?

• NO!!!!!!!
• Try to talk the customer down.
• When responding use a calm voice.
• Drop your volume level if needed.
• Let them talk.
• Don’t take offense and don’t interrupt!
• Do not try to physically stop them from leaving.

• If the customer leaves, call dispatch at 970-731-2160. If you are within the town

limits, a police officer will respond. If you are out of town limits but within the county, a sheriff’s deputy will respond.

• Let them know that the customer has left and give them the description of the

person or persons and the vehicle.

• When the deputy or officer arrives, assist them in filling in the required paperwork.

• The counterfeit bill cannot be credited to the customer’s transaction.
• The customer can choose to reduce the amount of the deposit or give an additional

bill to make up the difference.

• If they need to come back with additional funds you can give them their money back

but NOT the counterfeit bill.

Deposit made at the treasurer’s office –

• Bill is taken by the treasurer’s office and counterfeit procedures are followed.
• Over/Under counterfeit line item is added to the deposit for the amount of the

counterfeit bill.

You take your deposits straight to the bank –

• The bank notifies you of the counterfeit bill.
• You notify Treasury of the change. The difference will be posted as an expenditure

in the fund.

• What questions do you have?