Got to thinking about cash. A while back a fast-food cashier checked a $10 bill to see if it was counterfeit. She told me that most of the bad bills come from the bank! That got me to wondering if the change machines at the casinos can tell a good counterfeit from the real thing.
The short answer to your question is that many of the machines on the market are embedded with software designed to detect funny money. They do this by scanning for anomalies in the bill, then comparing it against a database of valid bills
According to one techno-blogger, “Each denomination of U.S. currency has its own unique magnetic signature, which is incorporated into the design of the bill by the Treasury Department. When a suspect bill passes through the machine, it can be quickly detected if it does not match the expected magnetic signature.”
Why would bills have magnetic properties? Contemporary U.S. bills employ ferrous-based ink for the printing of the obverse. The iron residue in the ink accounts for its black coloration. Counterfeiting, which typically entails photocopying, comes up short here.
Counterfeit bills also tend to be deficient in certain properties, such as coloration and density. Machines can be calibrated to detect these variances. Another anomaly that they scan for is an invisible-ink pattern that can be read only by ultra-violet light. Magnetic scans sense whether a security strip is in the paper or not and infrared scanners look for the watermark.
Writes blogger Peter Hand, “The $100 ‘superdollar’ caused a lot of grief some years ago, because it was so good that it practically had to have been produced by a national government somewhere. But when these are discovered, they're quickly analyzed for small differences and a software update is usually provided within days or even hours, so that they'll be rejected in the future.”
Bill-validation machines, including your garden-variety ATM, are programmed to compare the portraits on the bills with electronic templates. They're scanned for size, brightness, contrast, and image histogram. The discrepancy between a counterfeit bill and the linen/cotton makeup of the real McCoy can also be measured. Lastly, quirks are built into real currency, such as the roughness of Ben Franklin’s collar and shoulder.
Cash-reading machines like these are costly. This makes them prohibitive for small businesses (and perhaps little casinos). Luckily, and to finally answer question, the average casino can afford to stock them.
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