Australian Newsagency Blog

A blog on issues affecting Australia's newsagents, media and small business generally.

Beware the fake $50 note in your newsagency

Mark Fletcher
April 2nd, 2014 · 3 Comments

Fake50Here is a fake $50 I intercepted and photographed before handing it in. On a busy day, presented at the right time, I can see how this would have made it’s way into the day’s takings. Two simple checks would have avoided accepting it: the clear window did not feel integrated with the note and the material was more paper than plastic in the feel.

The Reserve Bank of Australia has excellent information on detecting counterfeits for each Australian note. I’d suggest we all ensure all our staff review this and thereby are more informed at detecting fake notes. We appear to be in a period of high circulation of fakes at the moment.

14 likes

Category: Newsagency management

3 responses so far ↓

  • 1 h // Apr 2, 2014 at 10:23 AM

    The retailers in my strip all tell each other when a fake note has been found. Then I let each of my fellow newsagents in the area know, and talk about it to the customers, so the news travels. Last time it happened our local police seemed to have suspects in mind and were chasing security camers vision – havn’t heard any more though.

    0 likes

  • 2 Ted // Apr 3, 2014 at 12:04 PM

    We have had 2 $50.00 counterfit passed on the 22/03/2014. They were very well done. They were ciculated in Parkes, Forbes, Grenfell,
    Young, and Bathurst I believe.
    Had a visit from the detectives this morning made 2 arrests. The police have done a wonderful job.
    Best way to check for false notes is to see if they tear, if they do there fakes

    1 likes

  • 3 h // Apr 4, 2014 at 1:10 PM

    Good news, Ted.

    0 likes

Leave a Comment

Powered by sweet Captcha