they put the strip in the 100 dollar bill in 1928.
they put the strip in the 100 dollar bill in 1928.
what year did they put the strip in the 100 dollar bill?
1928
in some cases, insisting on counting to make sure the money is all there is the basis for a clever scam. the scam is sometimes called the santo domingo sting, after an incident that took place there, reported by a journalist, joe harkins, who reported his involvement, in the early 1990s. it works in countries where only banks and other designated parties are allowed to hold and exchange the local currency for us dollars at an "official" rate that is significantly lower than the "street" rate. it also requires a greedy tourist who wants to beat the official rate by dealing with illegal money changers. a person posing as an illegal money changer will approach the tourist with an offer to buy dollars at an illegal rate that may be even higher than the street rate. the changer offers to buy only large us currency, typically, a 100 dollar bill. as soon as the victim (the "mark") shows his $100 bill, the changer will actually count out and clearly show the promised amount of local currency. he then will push the local currency into the hands of the "mark" and urge they be counted as he takes the $100. "see, you've got the money. i'll wait while you make sure. count it out loud so there is no mistake." and as the mark's careful count exceeds "street" rate, the changer pretends to realise he has overpaid the mark, and he becomes irrationally agitated and angry, accusing the mark of cheating. he grabs his money back, pushes the mark's bill back into his hands and takes back the pesos. the scam has been completed. the tourist has just lost $99. the mark has been handed back a prefolded $1 bill that has been swapped for the mark's $100 bill while he was distracted counting the local currency. (until recently, us currency was largely uniform in size and color, meaning that when folded, a $1 and a $100 bill were almost indistinguishable. even in 2014, careful folding of a us$100 bill easily conceals the switch). the money changer's pretended, but very credible, anger is a ruse to confuse the mark and delay his unfolding of the single bill until the scammer has departed.
list of confidence tricks
the japanese began their attack on british malaya the same day as pearl harbor. the japanese entered malaya overland from the north and the fortified base of singapore fell on 15 february 1942 and was held with the rest of malaya by the japanese until august 1945. malaysian scrip is in dollars (straits or malayan dollars) and therefore is often, mistakenly, thought to be for the invasion of the united states. in 1942 the japanese issued paper scrip currency of 1, 5, 10 and 50 cents and 1, 5 and 10 dollars. the 1, 5 and 10 dollar notes initially had serial numbers; these were later omitted. in 1944, inflation lead to the issuing of a 100 dollar note. in 1945, a replacement note 100 dollar bill was issued as well as a hyper-inflation 1,000 note. the 1942 series of notes, including the 50c and 1, 5, 10, and the 1944/45 100 dollar all contained the text [the japanese government] “promises to pay the bearer on demand”. the 1944 100 dollar replacement note no longer contained this message.
japanese invasion money