The Ocean City Police Department has warned businesses of counterfeit currency. The $50 and $100 bill have been passed as counterfeit.
Businesses are urged at all times to closely examine currency. It appears the counterfeit pens that may businesses have relied on previously are giving some false results.
The Federal Reserve Board offers these tips to detect suspicious or counterfeit money:
- Feel the paper. Genuine U.S. currency has a unique feel. The note should feel slightly rough to the touch. If the currency feels different than what you are used to, examine it closer.
- Tilt the note back and forth to observe the color-shifting ink in the right-hand corner of denominations $10 or higher. Most bills will shift from copper to green.
- Check the watermark and security thread by holding the currency up to a light. A watermark should be visible from both sides and will match the portrait or denomination. A security thread should also be visible from both sides and match the denomination. When held to UV light, the security thread will glow a unique color.
For more information about U.S. currency and how to detect a counterfeit note, visit www.uscurrency.gov.