Know your money: counterfeiting diminished, but is still around
Counterfeiting of money is one of the oldest crimes in history. It was a serious problem during the 19th century when banks issued their own U.S. currency. During the Civil War there were approximately 1,600 state banks designing and printing their own notes. Each note carried a different design, making it difficult to distinguish the 4,000 varieties of counterfeits from the 7,000 varieties of genuine notes. It was estimated that one-third of all currency in circulation was counterfeit.
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