Printing Your Own Legal Money ? WOZ Dose This  - Page 1
Forum section: electronics / general

author: Sionyn
author_rank: Frequent Contributor
timestamp: August 11, 2012, 09:27:13 am
content: Uncut $2 bank notes are bought from The Bureau of Engraving , they're real money, anyone can buy them.Then he gets the sheets bound? together by a local office supplies company so they look like a pad of money that he had made,though actually they are in fact real money.

author: SeanB
author_rank: Super Contributor
timestamp: August 11, 2012, 10:11:47 am
content: Saddam Hussein did the same. He bought the right presses, the right ink and the right paper, along with the right number punches, all from the US Mint. All he had made was the plates, the easy part, as they are a once only cost and last a long time. Then he printed US currency along with the Iraqi Dinars that were the legit reason the presses were bought for. Copies so close that you cannot distinguish them from the US made notes, only giveaway is the serials are duplicates of non reissued notes that were already recalled and pulped.

author: EEVblog
author_rank: Unknown
timestamp: August 11, 2012, 11:18:08 am
content: Very cool, I want some!Our polymer notes might be a tad harder.Dave.

author: AntiProtonBoy
author_rank: Frequent Contributor
timestamp: August 11, 2012, 11:40:38 am
content: Is printing money actually legal in Australia?

author: EEVblog
author_rank: Unknown
timestamp: August 11, 2012, 01:20:48 pm
content: Quote from: AntiProtonBoy on August 11, 2012, 11:40:38 amNo, and you can't. Our polymer notes are virtually impossible to counterfeit. You can't just "print" them.http://www.rba.gov.au/banknotes/production/how.htmlWoz didn't print his (that would be illegal), he just bought them from the mint in sheets and had them gummed and perforated.You can buy our notes in sheets too. Presumably legal to cut up, but I don't think perforating would work with the polymer.Dave.

author: JuKu
author_rank: Frequent Contributor
timestamp: August 11, 2012, 01:24:20 pm
content: My brother once said: " US dollar is strange money, it is good almost everywhere." Then he realized: "But that fits, it is also printed almost everywhere."

author: EEVblog
author_rank: Unknown
timestamp: August 11, 2012, 01:34:26 pm
content: Anyone know how/where to get brand new aussie notes in sequential order? (other than pot luck from the ATM)Can you just go the bank and ask I wonder?Dave.

author: GeoffS
author_rank: Unknown
timestamp: August 11, 2012, 01:39:39 pm
content: I wonder if a sheet of Oz banknotes would be legal to use to pay a bill?Most shops get confused if you're not paying with plastic ( the credi card type not the bank note type)

author: PeterG
author_rank: Frequent Contributor
timestamp: August 11, 2012, 01:52:03 pm
content: Quote from: GeoffS on August 11, 2012, 01:39:39 pmI have also noticed some people get weird if you give them a landline number not a mobile number.......Regards

author: SeanB
author_rank: Super Contributor
timestamp: August 11, 2012, 02:43:22 pm
content: Just go to a big branch and ask the teller for a pack of new bills from the treasury.

author: G7PSK
author_rank: Super Contributor
timestamp: August 12, 2012, 08:55:32 am
content: In the UK any one can write their own. The challenge will be getting others to accept the promissory note that you have just written on a piece of loo paper. A bank note is just a promissory note the bank, the statement on the top reads, Bank of England I promise to pay on demand the sum Ten pounds. Or whatever the face value of the note is. There is an international convention on this dating from 1930, so in theory there should be no reason why it is not possible any where in the world. What you must not do is try to make the note look like it is from the National bank of any country.http://en.wikipedia.org/wiki/Promissory_note

author: EEVblog
author_rank: Unknown
timestamp: August 12, 2012, 09:18:20 am
content: Quote from: GeoffS on August 11, 2012, 01:39:39 pmMost likely, just like the various cold coins etc.Here is a legal tender $3000 Oz coin:http://www.perthmint.com.au/catalogue/her-majesty-queen-elizabeth-ii-diamond-jubilee-2012-1-kilo-gold-proof-coin.aspx(I'll happily accept one for even a $30,000 debt!)I have some $5, $10, and $200 coins:http://twitpic.com/9lj5fjhttp://twitpic.com/9lj6t2http://twitpic.com/9lj8qoLegally, someone can't refuse payment with these for any debt.Dave.

author: Bored@Work
author_rank: Super Contributor
timestamp: August 12, 2012, 10:51:23 am
content: Quote from: G7PSK on August 12, 2012, 08:55:32 amUntil some time before the introduction of the Euro promissory notes were taxed here. To produce a valid one you not only had to follow some strict requirements regarding what needs to be written on the note, but you also had to buy special stamps and glue them onto the note to make it valid.It wasn't a large tax, but in the great scheme of things it made using promissory notes as a kind of your own everyday "money" not economic.QuoteI think this is a historic UK thing, as other countries have based their money on separate legal frameworks.And by the way, what happens if you take up the Bank of England on their promise? You walk in with a ten pound note, demand your ten pounds in exchange, get a ten pound note in exchange, and walk out happily?Edit:This seems indeed what will happen. According tohttp://www.bankofengland.co.uk/banknotes/Pages/about/faqs.aspx#2Quote

author: SeanB
author_rank: Super Contributor
timestamp: August 12, 2012, 11:06:51 am
content: Reserve bank does that here. Walk in if you have a forged note, sign an affidavit as to how you got it and walk out with a real one. One note per person per day. Fake coins i use as taxi fare.....

author: Bored@Work
author_rank: Super Contributor
timestamp: August 12, 2012, 11:18:45 am
content: Quote from: SeanB on August 12, 2012, 11:06:51 amWaitaminute! Your reserve bank exchanges counterfeit notes into real ones!? This is the first time I have ever heard a reserve bank does this.The procedure I know is that the note gets confiscated and you end out of pocket. If you are lucky you won't be accused of having produced the counterfeit note on your own.QuoteThey do fake coins in South Africa? Does that pay off? Ok, there is the Krugerrand, were it should pay to counterfeit them, but I assume you don't have taxi fares going up to the value of a Krugerrand.

author: SeanB
author_rank: Super Contributor
timestamp: August 12, 2012, 11:43:45 am
content: Well, if you catch a guy who was running 16 hours a day for months making them, and he was one of dozens....... the mint figures it is best to get the old ones out of circulation, and changed the note designs to make them more secure. If you turn up regular they will be mighty suspicious and gently question you further.

author: Simon
author_rank: Unknown
timestamp: August 12, 2012, 12:31:28 pm
content: The "promise" on UK notes is that you can walk into a bank and exchange the note for its value in gold essentially making the note like a cheque from the bank of England on a gold deposit. I'm not sure what the European bank will give you for euros, probably rotten tomatoes to throw at politiciansIn the UK the government tell us to beware of people who deal in cash as they must be terrorists or otherwise dishonest. Yet we have ATMs in every wall and shops will always offer to give you cash if you want it when paying for goods.....

author: Bored@Work
author_rank: Super Contributor
timestamp: August 12, 2012, 04:32:57 pm
content: Quote from: Simon on August 12, 2012, 12:31:28 pmThe bank of England thinks otherwise:http://www.bankofengland.co.uk/banknotes/Pages/about/faqs.aspx#2QuoteSo forget your pot of gold and skip that childish Euro bashing.

author: G7PSK
author_rank: Super Contributor
timestamp: August 12, 2012, 05:29:03 pm
content: Just a point of interest here, the ink on genuine UK bank notes never completely dries so an easy way to check if it is genuine or not is to smear it onto a blank sheet of paper.

author: SeanB
author_rank: Super Contributor
timestamp: August 12, 2012, 05:48:17 pm
content: Here bank notes have a holographic strip, colour changing ink, embossing, embedded metal strip and more, while the high value coins are 2 piece units like the Euro ( and made in the same mint too from the same stock) to reduce counterfieting. The coins are the most faked, as they are the easiest, and every small merchant will test them for being fake. Some of these are quite good, but others are easy to detect.

author: Achilles
author_rank: Regular Contributor
timestamp: August 12, 2012, 06:15:41 pm
content: Well.....weird storyI still have some bills from costa rica, they are made from platics and have a small transparent inlay with different animals. Not too shabby but if they get wet your briefcase gets redThe coolest coins I have seen were brought from Saudi Arabia (pretty sure it was S. A.) as they had a hologram imprinted.To the Woz story. About three years ago there was a case in German News where some flight attendances had bought a lot of crashed Euro coins and brought them to India and China to reassemble them. The coins were dodgy and so on, but the bank has to replace defective money for new money and they nearly got a million euros that way (it is not legal here). I don't know if that had been in the british or other european news.

author: Jon Chandler
author_rank: Frequent Contributor
timestamp: August 12, 2012, 08:00:46 pm
content: There's a video interview of Woz talking about this. You really have to pay attention not to be misled..."I buy this special paper and have a local print shop make the pads." and sentences like that. Nowhere does he say the print shop prints the bills but he also doesn't say that the "special paper" is sheets of bills purchased legally from the US Mint.For those of you not from the US, you may not know that $2 bills are not widely circulated and it's rare you get them. We used to call them "ferry money" as thestate ferry systemhere gave them out in change for the $5-something auto fare.A friend of mine tried to pay for something at a mall store with a $2 bill. The cashier called mall security for somebody "obviously" trying to pass fake currency and those guys called the cops. I don't think the cops were too happy to realize their would-be counterfeiter was trying to pay with legal tender.

author: Sionyn
author_rank: Frequent Contributor
timestamp: August 12, 2012, 09:06:37 pm
content: yep it called the derivative banking system basicily you print more money than you have of gold reservesThe Money Masters - How International Bankers Gained Control of America