Exclusive: Bank of Canada found only one poor-quality counterfeit new polymer $100 note, analyzed by RCMP

Thursday, 17 May, 2012

2011 Canada New Polymer $100 - back - pix 18

In a followup interview with Nish Vairavanathan, a Bank of Canada currency analyst, this reporter has confirmed that (as far as Vairavanathan was aware) there is only one known case of counterfeit new polymer $100 banknote. (Note: The new polymer $100 was launched a few months ago in November 2011.) As reported yesterday (also mirrored in an article here), the counterfeit new polymer $100 bill was of very poor quality. For example, the counterfeit new polymer $100 bill did not have the transparent window in the middle of the banknote, one of the most obvious and easily verifiable security feature.

Readers of this article should not be alarmed by the existence of this one known case of counterfeit new polymer $100 banknote, what you can do is arm yourself with the knowledge of the new polymer banknote’s security features. You can start by watching a video of me handling and inspecting a new $100 banknote for its security features up close. Also watch this informative PSA video from Bank of Canada: The New $100 Note. I’ve been informed the single counterfeit new polymer $100 banknote is with the RCMP National Anti-Counterfeit Bureau being analyzed. I asked if a picture of it is available to the media but was told that information like how it looks, where it was found, etc are not being shared (I presume for security or police investigation reasons).

What should Canadians do when we come across suspected counterfeit banknotes?

Any Canadians handling cash, especially those in the front line handling cash as a cashier or merchant, etc, should familiarize ourselves with the new polymer banknotes’ security features. When we see any cash that doesn’t look real, then we can and should refuse it and simply politely ask for another form of payment.

For our safety, don’t confront the payer as it may put ourselves in danger, contact local police instead. Plus the person with the “counterfeit-looking” banknote may be truly innocent and not aware the banknote is potentially a counterfeit. You may be interested to know, Bank of Canada discovered $2.6 million dollars worth of Canadian Journey series counterfeit banknotes last year, 48% are $20 bills and 37% are $100 bills.

Curious readers may be interested to know, the old Canadian Journey series banknote costs 10 cents each to print compare to the new polymer banknote costing 19 cents each to print but will last 2.5 times longer make the polymer banknotes more cost effective in the long term according to Bank of Canada.

Note: This news is marked “Exclusive” because at press time, as far as I can find or search, no news media has reported or picked on the existence of the one poor-quality counterfeit new polymer $100 note and the fact that the RCMP National Anti-Counterfeit Bureau has it under analysis.

(Article is cross-posted to Examiner.com)


The new $20 and new (Nov 2011) $100 polymer bank note

Wednesday, 2 May, 2012

From Bank of Canada “The new $20 polymer bank note

My hands on look of the new (Nov 2011) $100 polymer bank note and money laundering experiment.

And a full b-roll commentary of the $100 bank notes.


canada polymer $100 – money “laundering” test – wash and dry

Friday, 18 November, 2011

canada polymer $100 – money “laundering” test – after wash and dry

After a detail (with video) and more serious look at the new Canada polymer $100 banknote, I decided to have some fun and put the brand new $100 to a money “laundering” test. I washed & dried it in a dryer to see what happen.

Non-scientific test results:

* The fold marks are not much worst than regular use.

* The polymer $100 feels noticeably softer after heated up in drier but it feels ok and strong.

* The metallic strip and the holograms are still working great.

Conclusion:

* If you accidentally leave your $100 bills in your jeans pocket, they will survive a wash and dry cycle easily!

canada polymer $100 – money “laundering” test – after wash and dry


Canada polymer $100 banknote hands-on look finally! (with video)

Thursday, 17 November, 2011

2011 Canada New Polymer $100 - back - pix 18

I’ve written and speculated extensively about the new Canadian polymer notes. Finally, I am excited to say I’ve got one in my hand now. Have a watch of this slideshow of the new polymer C$100. In comparison, watch this slideshow of the HK$10 (which is less than US/C $2).

Here is a video of me checking out the new polymer $100, I slowed down the video at various place so you can have a closer look at some features.

Comments:

1) Raised ink: I definitely feel the raised ink on the large “100” and the shoulders and different parts of the bill.

2011 Canada New Polymer $100 - front - pix 09

2) What hidden 100? I have given up trying to find the hidden numbers (using a single light source) in the maple leaf! Some people can see it, not me. So if this security feature is hard to use, or only some people (or small percent of people) can use it, I am questioning if this is a good security feature at all!

Note: I wonder if this feature is the WinDOE® (Diffractive Optical Element) as I wrote in “12 possible security features” in March?

New Bank of Canada $100 Polymer Note - Hidden numbers

3) Polymer but not cheap plastic feel: I actually quite like the feel and don’t feel it is “cheap” or anything thing. It feel like it is good quality. But only time and actually use will tell.

4) Large transparent window and metallic strip: I LOVE them! To me, they are the best part of the bill. They are extremely easy to inspect and tell if it is a real $100 with minimum training! They are hard to fake thanks to Securency International’s security features and patented technologies.

2011 Canada New Polymer $100 - front - pix 06

Further info: In March, I wrote a speculative technology piece with extensive links to patents by Securency International, “Bank of Canada’s new polymer banknote – Patents & technologies by Securency International” After the new $100 was announced in June, I wrote “Canada New Polymer $100 Notes in Nov 2011 – Now your money is smooth & will bounce!

2011 Canada New Polymer $100 - back - pix 22

2011 Canada New Polymer $100 - back - pix 20

2011 Canada New Polymer $100 - back - pix 12

2011 Canada New Polymer $100 - front - pix 02

The HK$10 (less than US/C$ 2)

HK polymer $10 (2007)

Here are some design info about the polymer $100 from Bank of Canada:

“$100 Note – Design Features
Portrait: Sir Robert L. Borden, Prime Minister, 1911–20
Signatures: Left – T. Macklem, Right – M.J. Carney
Size: 152.4 x 69.85 mm (6.0 x 2.75 inches)
Issue Date: November 2011
Theme: Medical Innovation Read the rest of this entry »


New polymer Canada $100 notes coming today (Nov 14th)

Monday, 14 November, 2011

Nov 17th update:  Happy to say I finally got a chance to play with my new Canada polymer C$100 bill (with video).
***
Update Nov 16th: Just checked with Bank of Canada and got some clarifications. It will take BoC a few weeks to get the polymer $100 notes to different cities and local bank branches. And once the banks have the new $100, they will start removing the old $100 notes from circulation. Meaning if you deposit an old $100, it will be shipped back to Bank of Canada to be destroyed.

***

Update: CTV News, “Polymer $100 bill now in circulation” (with video)

CBC News: “New polymer $100 bill goes into circulation – First in series of new bills, the $100s have enhanced security features to thwart counterfeiters” (with video)

“Do Canada’s new bank notes fit the bill?”

***

The new polymer Canada  $100 notes are finally here today (Nov 14, 2011)! Here is a press release from Bank of Canada with a link to their live webcast,

“WEBCASTS – 14 NOVEMBER 2011:

Audio and video Webcasts of the official ceremony to issue the new $100 polymer bank note will be available at 13:00 (Eastern Time).

The Webcasts will be accessible from this location: http://www.bankofcanada.ca/media-room/webcasts/

Note: We recommend that you access Webcasts five minutes before their scheduled start time.”

Have a read of my previous articles here and here.

My commentaries of the new polymer Canada  $100 notes


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