Some 'funny money' is apparently circulating in the Lauderdale County area. It was discovered this weekend.
A phony $50 bill showed up at a convenience store in Toomsuba. The bill were faked a new and rather sophisticated way.
David Haggard trains his employees to be on the lookout for counterfeit bills. But sometimes that just isn't enough.
"I find that no matter how hard you try, there is always someone out there with a new game in town," said Haggard.
Haggard says in the last two years, those making counterfeit money have made it pretty hard to detect it. He showed the $50 bill that was passed in his Toomsuba Shell. The counterfeit marker showed the bill as being good. But Haggard says it's a fake.
In this case, a $5 bill is used as the base for the bill which is why the counterfeit pin still reacts with the chemicals to show as a good bill.
"Using laser printers, someone, they have figured out a way to superimpose over a smaller bill," said Haggard. "I have seen it done on hundreds also. But I think a $50 doesn't bring as much attention as a $100 bill would."
So if the pen technique doesn't work, Haggard says to analyze the feel of the bill. Next, compare the presidents. If they aren't the same, you have a fake bill.
Haggard says authorities just don't have enough time to work these small counterfeit cases. For that reason, he says it's up to local residents to keep an eye on their money, because it's not just merchants who can take a loss through fake bills.
The U.S> Department of Treasury says about five out of every million bills processed is counterfeit. One dollar bills are the least counterfeited. One hundred dollar bills are the most counterfeited.