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Home > Art, Film & Photography > Counterfeit Money: Manchester Council Election, 1979
Counterfeit Money: Manchester Council Election, 1979

Counterfeit Money: Manchester Council Election, 1979


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Purchase includes free access to book updates online and a free trial membership in the publisher's book club where you can select from more than a million books without charge. Excerpt: Counterfeit money is currency that is produced without the legal sanction of the state or government to resemble some official form of currency closely enough that it may be confused for genuine currency. Producing or using counterfeit money is a form of fraud. Roman coins were struck using a minting process, not cast, so these coin molds were created for forgery.Counterfeiting is probably as old as money itself. Before the introduction of paper money, the most prevalent method of counterfeiting involved mixing base metals with pure gold or silver. A form of counterfeiting is the production of documents by legitimate printers in response to fraudulent instructions. During World War II, the Nazis forged British pounds and American dollars. Today some of the finest counterfeit banknotes are called Superdollars because of their high quality, and likeness to the real US dollar. There has been a considerable amount of counterfeiting of Euro banknotes and coins since the launch of the currency in 2002. Some of the ill-effects that counterfeit money has on society are: a reduction in the value of real money; and increase in prices (inflation) due to more money getting circulated in the economy - an unauthorized artificial increase in the money supply; a decrease in the acceptability of paper money; and losses, because companies are not reimbursed for counterfeits. Traditionally, anti-counterfeiting measures involved including fine detail with raised intaglio printing on bills which allows non-experts to easily spot forgeries. On coins, milled or reeded (marked with parallel grooves) edges are used to show that none of the valuable metal has been scraped off. Example of counterfeited 50000 cruzeiros banknote.Counterfeiting is as old as money itself.... More: http://booksllc.net/?id=1719292


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Product Details
  • ISBN-13: 9781156310502
  • Publisher: Books LLC
  • Publisher Imprint: Books LLC
  • Height: 152 mm
  • Sub Title: Manchester Council Election, 1979
  • Width: 229 mm
  • ISBN-10: 1156310504
  • Publisher Date: 31 May 2010
  • Binding: Paperback
  • Spine Width: 3 mm
  • Weight: 73 gr


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