The risk of counterfeit bills, while not non-existent is extremely low. In over 10 years of very very high stakes play both blackjack and machines with millions of dollars of W2-G's each year I have gotten exactly ONE counterfeit one hundred dollar bill. (From the Las Vegas Imperial Palace). When I showed them the report from another casino which caught the bill the IP reimbursed me after consulting with their risk management officer.
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--- In vpFREE@yahoogroups.com, "nudge51" <nudge51@...> wrote:
From: "mikeymic" <mikeymic@...>
Subject: [vpFREE] Beware of Counterfeit $100 Bills>
> 2. (AND FAR MORE IMPORTANT TO EACH AND EVERY ONE OF YOU): What are the implications for any of us receiving a counterfeit $100 bill either from a casino cashier, slot attendant or ticket cash-out machine?
>I posted on this unpleasant event quite some time ago, but for the benefit of newer members, I will relate the details. We had a safe deposit box at a branch of our bank that was in a grocery store near our house. It was only a block away from our actual bank, but since it was available to me for more hours in a given day and also on Sunday if I needed it, we chose the grocer branch over the bank branch as the location for our box. Due to a clump of royal filled sessions and overall LV blind cab driver extraordinary luck, I had made a number of benjie stuffing runs to the box. One day at a stop at the store, wife says she has to pay bills the next day, and while she shops, I go grab a fistful of my favorite dead non president, and we walk to the teller to deposit them into the checking account. We were quickly informed that one of them was a bogus bill. Because of the position of these bills in my stash, I was reasonably sure that it was part of a Fiesta Rancho handpay, but I certainly had no proof. I believe that the laws are specific that any retail operation that discovers phony money immediately turns it over to the department of the treasury, Secret Service Branch, so that they can try to track the source and compare the bill to the thousands that they have confiscated in the past. This is what my bank did. Even after an educated decision is made by the authorities that the bill passer is most likely innocent of any connection to the counterfeiting, they are not entitled to any replacement compensation. It only took one of these losses for me to pursue a method of protection against a costly and unpleasant repeat of this little fiasco. We now use counterfeit money detector marker pens that you see cashiers at many stores use when you present a bill. These are available at any office supply store, like Office Depot or Office Max. We use the Dri Mark Products brand, three in a package, for around $10. They are not infallible. Nothing is, as counterfeiters have become quite sophisticated with the use of computers and hi tech printers, but they are pretty damn good. Extended exposure of the uncapped tip of the pen to air may indicate a false positive, so cap the pen after use. Also, since they last quite some time, we wrap a small piece of scotch tape around the split between the cap and barrel of the two new remaining pens in the pack until they are needed. Any 100's that we get from a cage, redemption machine, or handpay is marked before we leave that casino, maybe an ST for Sam's Town, GC for Gold Coast, etc.. If we have any doubt, we just ask for an exchange at the cage and let them deal with it. Oh, one other warning, if you are feeble minded and leave one in your pocket and it journeys through the washer and dryer, ( err aahh, not that someone as brilliant as myself would ever do such a stupid thing ) you may detect a false positive. A short browsing session at a government site should be enough to familiarize most of us with the skill that we need to be sure of any bill. Here is the link:
http://www.moneyfactory.gov/
Just remember what Sgt. Phil Esterhaus always said, "Let's be careful out there."
Nudge[Non-text portions of this message have been removed]