I got a crispy new bizarrely-un-Green new $100 bill from the bank, used it the only place I could (Whole Foods, NYC) and the cashier wrote some big squiggles on it.
I thought she was marking it kosher-for-Whole Foods or something, but she was just smooshing it around, and said the ink–on the bill?–from the pen?–would run if it was a phony.
I have one of those pens. You can buy them at Wal-Mart.
If you ever want to write a super secret temporary message, they’re the pen to use. The ink turns dark on regular paper, but fades to nothing (or almost nothing) over time.
I worked as a cashier and had those markers but nobody ever explained what it was suppose to do . Its noticable when you compare the results on paper and regular bills. With the markers we had, on real bills it would fade out a bit to a transparent light brown or green. On paper it was extremely dark. I use to draw mustaches on all the bills to see if my bills ever circulated back to me. If you ever come across an extremely detailed mustached on a 50 or 100 dollar bill with a little dot in the eye it was probably me. I actually managed to get a few back before the ink completely faded.
Bloomberg article says that the test of the absorption property or starch test would probably work, because probably the printing was done on (wood) paper… well based on statistics, thats the most common way for the USA based forger to work… simple photocopier (or laser jet or inkjet print… )
For better protection, use a strong magnifier, eg jewelers eye piece, to inspect fine print, and security devices. Worn out notes may be refused, don’t skip the security tests on worn notes, if they are obviously old or mistreated, then just refuse them for that reason.
We have those pens at my work but I don’t train my cashiers to use them. All they do is check to make sure that the bill is printed on the proper type of paper (or rather, that it’s not printed on the wrong type of paper). But all a counterfeiter has to do is bleach a bill use that to print their money on (say, bleach a five dollar bill and print a fifty over it) and the marker will say it’s good.
That’s fooled a few of my cashiers over the years.
My cashiers are trained to hold the higher denomination bills up to the light and actually read the wording on the strip that runs through the bill. The counterfeiter plans on a cashier holding the bill up and just seeing the strip and watermark and assuming it’s a good bill (and it looks like it is), but if you have a fifty and the strip says “USA 5 USA 5 USA 5” instead of “USA 50”…which is an absolute PITA to read then you have a bad bill. But I’ve yet to have a bill with the proper strip in that the bank didn’t accept.
I used to iron and starch one-dollar bills when I had a bunch I knew I was going to feed to vending machines.
I have wondered what troubles might ensue if I paid a friend with cash I had treated with spray starch. What would an astute cashier do if the pen darkened, but the other security measures were clearly present?
Just for fun, I’ve spray-starched a few $50 and $100 bills. If it fails the pen-test, they sometimes will scrutinize it more, but I only had one refused once. That one time, I used a starched $50 bill to try to pay for fast food. The manager gave me the meal for free instead of risking giving me the meal and $43 in change.
I think the pen is a really bad idea. A good counterfeit wouldn’t be printed on printer paper, and for the crappy counterfeits that are, just teaching your cashier to recognize the actual protection measures built into the bill is more effective.