What is the Actual Meaning of Counterfeiting?
Counterfeit money is produced. It is an imitation currency. It does not have legal sanction of the government or the state. When counterfeiting occurs, it is considered to be forgery or fraud. Counterfeiting does indeed have a long history. It is nearly as old as the actual money is. The coinage of money had started in the Greek city of Lydia. This began in the year 600 Before Christ . Counterfeiting is one of the oldest professions. The most common type of counterfeiting was to mix base metals with pure gold or silver. It was very common to simply shave the edges of coins. This was called clipping. When precious metals are collected in that manner, it may be used to produce counterfeit coins. This was prior to the paper money. A fourree is a counterfeit coin. This closely resembles the solid metal counterpart. Counterfeit is the action of making an imitation and then passing it of in a fraudulent manner. There are ways to prevent the transaction of any fake bills with a counterfeit detector from iTestCash.
Paper Money Introduced
Paper money was actually introduced in China in the 1200s. The paper money was made out of wood from mulberry trees. It was at this time, that there were guards who were stationed around the mulberry forests. Those who attempted to counterfeit were sentenced to death. The punishment for counterfeiting was considered to be an act of treason against the state or the Crown. There were counterfeit warnings printed right on the paper money itself. It clearly warned that to counterfeit would be death. The notion behind the harsh punishment of death was the belief that an individual who would make counterfeit currency, would also be a threat to the safety of the entire state. The elimination of such individuals would be necessary. It was also believed that people deserved and needed to have trust in the money that was issued. The trust was an economic imperative. It was also considered to be a Royal prerogative. The Chinese were the first to use authentic paper bills. The practice of non counterfeit bills did catch on in the 17th century. It caught on in Europe.
Any individual who handles money on a daily basis will know exactly how it is supposed to feel. These experts would include wait staff, bank tellers, cashiers, and those people who are in a position of authority. These are the members of society who have the experience and the expertise when it comes to the actual feel of real money. These trained experts do know the difference between authentic versus counterfeit paper. They have the ability to automatically feel the difference in the paper on an authentic bill versus a counterfeit bill. There is a high value that is placed on paper. Real and authentic money is made from three different items. The common paper is made from cellulose. This comes from a tree. These common paper products would include paper in a book, the ordinary notebook, and a newspaper. The paper that is used for the making of authentic money is actually rather thin as compared to the ordinary paper. The paper used to make money is made from linen fibers and cotton. This is called rag paper. Rag paper will not disintegrate if it gets wet. Counterfeit money will not have the special crispness that real and authentic money has. The fibers that are in real money will not be found in counterfeit money. Counterfeit money is not made of rag paper. The counterfeit money will not have the blue and red fibers that are mixed within the paper itself. It is not possible to duplicate these items in counterfeit money. The person who is interested in making counterfeit money will not want to print it on ordinary paper. The counterfeit money that is not made on rag paper can easily be detected with a counterfeit pen. Cotton paper is also known as rag paper. It has an exceptional durability. It is a very strong paper. This is a paper that is meant to last for hundreds of years. This is not meant to fade, discolor, or deteriorate. Legal documents are typically made from rag paper or also known as cotton paper. Every legal document paper will also contain at least 25 percent of cotton. Many countries use rag paper for bank notes. Rag paper is not made from wood pulp. The rag paper will have a percentage of rag mixed right in with any wood pulp. This type of paper will be able to withstand much wear and tear.
Nations and Warfare
It should be well known that nations previously had used counterfeiting as warfare. It would flood the enemy’s entire economy. This would be done through the use of fake bank notes. This would make the real money plummet. In Britain, counterfeiting was done by “shovers” During the American Revolutionary War, Great Britain did this in order to reduce the value of the Continental dollar. The “shovers” had the ability to “shove” all fake currency right into circulation. The two most famous and well-know British shovers had been caught and were tortured and they were sentenced to death by George Washington.