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  • #16
    But is that trying to tear it where there is no nick, or tearing already torn pieces?

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    • #17
      Originally posted by thegoner View Post
      But is that trying to tear it where there is no nick, or tearing already torn pieces?
      They are supposed to try to tear all of them. Apparently real notes won't tear, made out of some plastic stuff, but counterfeit will - seems quite a few counterfeit $50s are in circulation

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      • #18
        Originally posted by csutak40 View Post
        They are supposed to try to tear all of them. Apparently real notes won't tear, made out of some plastic stuff, but counterfeit will - seems quite a few counterfeit $50s are in circulation
        Yeah, the polymer notes are pretty robust, if there's no pre-existing nicks it is very difficult to tear them.

        I was surprised to see signs around about counterfeit $50 notes around, considering that this is the first time in what nearly 20 years (think that's about when the polymer notes came into circulation)? That anybody's actually successfully (apparently) counterfeited Australian currency. Not sure how you'd make a plausible counterfeit out of anything other than a polymer ("plastic stuff") though, there's a bunch of other anti-counterfeiting measures which are pretty much impossible to fake without using polymer stock, though I suppose they could be using a different plastic. I'd love to get my hands on one of the counterfeits just for personal curiosity, but I'm pretty sure that knowingly posessing counterfeit currency is illegal

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        • #19
          Received a call this afternoon from the Woolies Area Office.
          He agreed that there was no reason to refuse the largely intact note involved.
          The company policy is certainly less than clear on what can and can't be accepted, but the main problem seems to lie with the arrangement with Armaguard which apparently stipulates 'no mutilated notes'.
          This is doubly surprising in view of the RBA Policy that identifies security companies such as Armaguard as one of the key points at which mutilated notes are removed from circulation.
          I mentioned that I thought it was strange that the 'tail was wagging the dog'.
          The Woolies representative was very reasonable and we had a lengthy discussion about the various aspects of the case incl RBA policy & banking practices.
          Like most people, he had probably not had cause to think about these issues.
          I encouraged him to forward the matter for consideration by Head Office. Will this happen? Who knows.
          I have done my bit for truth, justice, and the Australian way.

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