new $100 note

other countries been using this for years, i have a $10 hong kong bill, issued april 1st, thought it was a joke, but it's real polymer...new zealand been using some for years i believe...
 
Yea Australia had them when I was there in 03.
 
The $100 bill has been compromised mainly by one guy. That is why people "won't give change for bills over $50". They use to say won't accept, but that is illegal. Pretty amazing accomplishment for that one counterfeiter. This has been a long time coming, I am surprised it took this long. Now we can finally use the $100 bill without any BS frm shopkeepers.
 
rideitlikeyoustoleit said:
'Easy to check and hard to counterfeit.'

How bout they make bills that CAN'T be counterfeited at all? Yea that's impossible but give it a try. Haha
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Impossible. If one person can make them, someone else can make them too. Look at North Korea trying to counterfeit US dollars to ruin their economy. Theres also a good movie on netflix about the Nazi's effort to counterfeit US dollars the british pounds during the war to destroy their economies. With enough motivation and funding you can reproduce anything perfectly.

What theyre doing now is "giving it a try". It will work for a few months or a few years but eventually someone will come up with a way to counterfeit these bills too. Or they just counterfeit the old bills which are still legal tender. Especially now with computers and computer controlled machinery (theres no way any part of this bill is hand drawn or cut) counterfeiting is a lot easier, compared to back in the day when you actually had to hand carve printing plates in reverse to counterfeit money, trying to match all the mistakes and tiny details the original plate maker made.
 
haisam10 said:
The $100 bill has been compromised mainly by one guy. That is why people "won't give change for bills over $50". They use to say won't accept, but that is illegal. Pretty amazing accomplishment for that one counterfeiter. This has been a long time coming, I am surprised it took this long. Now we can finally use the $100 bill without any BS frm shopkeepers.
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It's not illegal. Legal tender only defines what CAN be accepted. The seller and buyer both need to accept the terms of sale (which includes the bill used).

That's why I LOL when people go all, "you can call the police and I'll wait right here until they tell you that you need to accept this bill".
 
bobjohnson said:
Impossible. If one person can make them, someone else can make them too. Look at North Korea trying to counterfeit US dollars to ruin their economy. Theres also a good movie on netflix about the Nazi's effort to counterfeit US dollars the british pounds during the war to destroy their economies. With enough motivation and funding you can reproduce anything perfectly.

What theyre doing now is "giving it a try". It will work for a few months or a few years but eventually someone will come up with a way to counterfeit these bills too. Or they just counterfeit the old bills which are still legal tender. Especially now with computers and computer controlled machinery (theres no way any part of this bill is hand drawn or cut) counterfeiting is a lot easier, compared to back in the day when you actually had to hand carve printing plates in reverse to counterfeit money, trying to match all the mistakes and tiny details the original plate maker made.
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Yes but they make it harder and more expensive to counterfeit, which takes time and money investment. And also cuts into the profit.....Back when I was in high school $20 counterfeits were popular, if you bought alot of them you could get a $20 for a dollar or 2....Now its not even worth it for them to counterfeit $20's, they do it with $100's and charge %50 ($50 for $100)....If a criminal group spent $200,000 on machinery to counterfeit the old $100's that equipment is now useless for the new $100's, they have to start all over again...

So yes you can never eliminate counterfeiting, but you can make it difficult and less profitable with frequent technology upgrades...

$100 are useless in the retail market anyways, unless a shop know me %90 of places dont accept them. Its pointless! When I take large amounts of money out to buy something I have to ask for $50's and 20's if I know Im going somewhere that wont accept $100's....Makes it easy to save those brownies thou lol.

I always think the biggest thing about counterfeit is the feel, thats the first thing that tips me off when you first lay hands on a bill...Ive counted $10,000 + in $100 bills and stopped on a fake one as soon as I touched it...
 
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I think its a good thing. Back in Australia, I could "launder" money (err, forget money in pocket and then doing laundry I mean) and it would survive no problem. Paper Canadian money would not hold up the same way... The plastic money also doesnt like rip and is just all around more durable. You can even wash your money so its not dirty.

Next, we need to get rid of pennies.
 
the counterfeiters made a mint on the old bills, they'll be able to afford the new equipment, it's an acceptable loss...i'm pretty sure the machinery used by other countries to make the bills will be the same that canada uses, or maybe it's outsourced anyways, so there is access to it, one way or another...if there is a will, there's a way...i remember the fake $20's and $50's, some were really good...others you wonder why they try...
 
GayManLoveIsOK said:
the counterfeiters made a mint on the old bills, they'll be able to afford the new equipment, it's an acceptable loss...i'm pretty sure the machinery used by other countries to make the bills will be the same that canada uses, or maybe it's outsourced anyways, so there is access to it, one way or another...if there is a will, there's a way...i remember the fake $20's and $50's, some were really good...others you wonder why they try...
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Yes when theres a will theres a way, the point is if you never update the technology that way becomes very easy over time....Constant updates is the only way to try and make it harder for them....So its either update or do nothing to prevent it...
 
knowledge said:
It's not illegal. Legal tender only defines what CAN be accepted. The seller and buyer both need to accept the terms of sale (which includes the bill used).
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In case of a transaction, you're correct, however legal tender must be accepted in a settlement of a debt.
 
GayManLoveIsOK said:
other countries been using this for years, i have a $10 hong kong bill, issued april 1st, thought it was a joke, but it's real polymer...new zealand been using some for years i believe...
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Lol.
Same thing happened to me. I actually demanded the cashier to give me a real one and asked people if it was fake. This was 2 years ago.
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