Collecting ancient currency from the Americas is a hobby that I enjoy. There are many reasons why I enjoy collecting this type of currency.
One reason is because it is unique and interesting. Another reason is because it allows me to learn more about the history of the Americas before...
What you need to know
If you're depositing over $10k physical cash all at once, it will trigger a Currency Transaction Report (CTR). On the other hand, checks/money orders/electronic transfers are not physical cash.
If you try to evade the CTR by splitting up cash deposits, it might trigger...
The 2016 and 2017 Surveys of Consumer Payment Choice: Summary Results
The Surveys of Consumer Payment (SCPC), 2016 and 2017, are part of a series of annual studies that examines the payment behavior of U.S. citizens. This paper presents the SCPC's latest editions, their content and methodology. It...
When the government wants to mark and track currency, these bills have invisible markings, thanks to UV ink technology. These UV markings can be detected by reliable counterfeit bill detectors and pens.
This ensures accurate counterfeit detection since counterfeit $20s and $100s are much more common than people...
Officially, Federal law requires that cash transactions exceeding $10,000 must be reported by filing IRS form 8300 PDF Report of Cash Payments Above $10,000 Received in Trade or Business (Source).
Unofficially, according to a Reddit user, the IRS reporting rules can be triggered by cash transfers between two...
The process of printing money is not as simple as it might seem. There are many factors that go into the production of obtaining and distributing the currency that we use on a daily basis.
The printing process starts with a blank bill. The bills are then cut into individual...
Federal law does not require that private businesses, individuals, or organizations accept cash as payment for goods and services. Private businesses can decide whether or not to accept cash, unless a state law prohibits them from doing so (Source).
Only New Jersey, Rhode Island, Connecticut and Massachusetts have...
