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What would you do?

Harley45

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What would you do if you walked in your bank to make a deposit and they tell you you have a counterfiet 1950 $100 bill, according to the pen $ marker, and they wouldn't give it back to you because they have to send it to the Feds?
 
I think you are probably screwed out of $100. I'm pretty sure by law they have to turn it in to the feds. As you were passing (whether intentional or not) a counterfeit bill it's your loss as far as the financial institution is concerned.
 
Demand a receipt for the $100 bill. I'd look into the usefulness of a modern counterfeit pen on a 60 year old bill. Changes in paper/ink may account for a false positive. 60 years is a long time and a lot can happen. It may have been laundered, dry cleaned, stored near some other chemical that may be reacting to the pen. Too many opssible variables could cause a pen reaction I'd think.

Oh, why in GOD's name wuold you take a 1950 SILVER CERTIFICATE of ANY denomination to the bank? That bill should have gone to a numismatics shop.
 
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Demand a receipt for the $100 bill. I'd look into the usefulness of a modern counterfeit pen on a 60 year old bill. Changes in paper/ink may account for a false positive. 60 years is a long time and a lot can happen. It may have been laundered, dry cleaned, stored near some other chemical that may be reacting to the pen. Too many opssible variables could cause a pen reaction I'd think.

Oh, why in GOD's name wuold you take a 1950 SILVER CERTIFICATE of ANY denomination to the bank? That bill should have gone to a numismatics shop.

You are a smart man mdog, the pens don't work on a 1950 100 bill due to the paper its made of, I found this out after talking with 4 differant banks. Ozark, BB&T, Renasants, and United Community Banks.
 
I had that happen to me.
Fortunately the bank president was aware that $100 bills printed prior to a date that I'm not certain of, but within range of your bills date, do not "mark"as real with the pens because the old ink or paper was different.
Get an expert or print off some research to that effect or I can refer you to my bank president to explain it to them if you would like.
 
Oh, why in GOD's name wuold you take a 1950 SILVER CERTIFICATE of ANY denomination to the bank? That bill should have gone to a numismatics shop.

After going threw what I went threw with Region's Bank being so rude to me about this bill, and makeing me feel like a crimimal, I don't think I would care to have one.
 
You are a smart man mdog, the pens don't work on a 1950 100 bill due to the paper its made of, I found this out after talking with 4 differant banks. Ozark, BB&T, Renasants, and United Community Banks.

I hope you can get it back. I have a hunch it may be worth more than $100, depending on it's condition. I'd also have the teller(and anyone else who was involved) handed their butts and reeducated. But then I'm a vindictive bastard. ;)
 
I with mdog on this..the teller MAY have known the TRUE value and just ripped you off.
It would be hard to convince me that someone that handles currency every day wouldn't know better.
 
The 1950 $100 bill turned out to be good, (which I knew it would after futher research) but Region's would not give me any cridit for it until the feds said it was good, almost 5 weeks later.
I just don't see how they have the right to take my money from me like they did knowing the pens won't work on the old bills, plus they were very rude about the situation, and I've been with this bank for years.
 
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