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Is cash SN used in any identity
Old 04-01-2017, 07:48 AM   #1
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Is cash SN used in any identity

Is cash serial number used in any identity to where it was gotten from (local bank) or are these numbers tracked after cash has been in circulation?

The reason I asked is I have cash that I have had for years in a safe that I have for emergency. I always thought it was a good idea to have money stashed some where besides an institution.

The issue with this again is I might want to just spend the money as cash so there isn't any SAR.
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Old 04-01-2017, 08:00 AM   #2
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I'm not sure what you are worried about - as long as you obtained the cash legally, who cares which bank it came from?
I'm sorry if I'm missing the point...
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Old 04-01-2017, 08:20 AM   #3
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Unless they were recorded as part of a ransom payment you're probably ok.
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Old 04-01-2017, 08:21 AM   #4
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No nothing illegal about it but it has been saved through out 30 year span or so. I was just wondering if I took a 100 and used it as cash it might be a 100 that is 25 years old. If there was any suspicion and they checked to see if the 100 was real can a SN be tracked to a bank etc.. It was just a question nothing more nothing less.

Thanks
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Old 04-01-2017, 08:24 AM   #5
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You can send them to my mail drop in the Cayman Islands. I'll look them over and certify them if they are legit. No need to include return postage, I'll take care of it.
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Old 04-01-2017, 08:32 AM   #6
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MichaelB >>>>> LOL! I will get them sent out right away. Thanks
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Old 04-01-2017, 09:18 AM   #7
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DH recommends that you check whether they are collectors items as they might worth more than face value!!!
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Old 04-01-2017, 09:54 AM   #8
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According to the link we print 38,000,000 bills every day! How many bills are in circulation? Even today the amount of data would appear to reach practical limits on database size and hardware. Of course someone would have to actually say an institution received said bill.

It quickly becomes quite a problem. Of course in the 1980s they would have done it on paper.

I'd second the idea about having a peak at the currency.

http://www.factmonster.com/ipka/A0774850.html
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Old 04-01-2017, 10:00 AM   #9
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No nothing illegal about it but it has been saved through out 30 year span or so. I was just wondering if I took a 100 and used it as cash it might be a 100 that is 25 years old. If there was any suspicion and they checked to see if the 100 was real can a SN be tracked to a bank etc.. It was just a question nothing more nothing less.

Thanks
What do you mean by 'track back to a bank'


Sure, they can be tracked back to the Fed Bank where they were printed... just look at the letter on the bill... kinda tells you where it came from...

And there might be a possibility (I do not know) of there being a record of the first commercial bank that received them when new... but after that... no tracking...
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Old 04-01-2017, 11:28 AM   #10
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I will do some checking before I spend them. Lol Interesting and thanks.

What I meant by tracking would be from a bank that I cashed a check at and I asked for 5 100's and took the 100's and placed in a safe. These bills might have been in a lot of hands and different banks before I got them. I don't know that either for sure how long these bills were in circulation.
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Old 04-01-2017, 01:19 PM   #11
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The only times I've ever heard of recording cash serial numbers is in connection with some illegal transaction like drug buying/selling, payment for stolen property, that sort of thing.

I suppose the Bureau of Printing $ Engraving would keep a record of which Federal Reserve Bank the cash went to when it was printed, but after that I know of no tracking system.

Now, if you show up at the bank with $100 bills that are 45+ years old the feds might start looking into whether you have a connection with D.B. Cooper.
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Old 04-01-2017, 01:24 PM   #12
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Highly unlikely anyone would be tracking serial numbers unless there was a specific reason to do so (drug bust, ransom money, etc.). As a matter of fact, cash is so untracked that the treasury department was apparently quite interested in the Where's George folks.
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Old 04-01-2017, 01:39 PM   #13
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not that i would know personally but hypothetically one could go to the cashier at a large casino and ask for 50 twenties for the 10 hundred dollar bills
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Old 04-01-2017, 03:25 PM   #14
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Well I'm not D B Cooper but that is funny. I guess that is kind of where I was getting at if I would be looked at of suspicion because a lot would be old bills. Lol

I will have to first understand what I'm looking for when I do look at this money. I see one attachment that gives some clues what I need to look for.
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Old 04-01-2017, 06:01 PM   #15
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As long as they are old bills you are fine.

The new ones are tracked by the NSA those little metal fibers in them are really RFID antenna's , so when you walk between the white pillars in a store they are powered up and transmit the bill id (SN).

As I type this, I'm thinking maybe I shouldn't be . oh wait, there is someone knocking on my door...
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Old 04-01-2017, 08:57 PM   #16
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As long as they are old bills you are fine.

The new ones are tracked by the NSA those little metal fibers in them are really RFID antenna's , so when you walk between the white pillars in a store they are powered up and transmit the bill id (SN).

As I type this, I'm thinking maybe I shouldn't be . oh wait, there is someone knocking on my door...
Oh wait that's not all that's transmitted and recorded forever. Every cc and loyalty card. I need a bigger hat....
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Old 04-01-2017, 09:13 PM   #17
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Unless they were recorded as part of a ransom payment you're probably ok.
Or part of the money DB Cooper got
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Old 04-02-2017, 06:30 AM   #18
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I can't verify what I "learned" on "JUSTIFIED" but according to Season 2, episode 6, old 100s are carefully scrutinized and recorded because they are much more easily counterfeited. AFAIK such bills are withdrawn from circulation as soon as they are received at the bank. If you took them out decades ago, I'm certain that the bank did not record them - why would they and how would they - back then?

My guess is that if you take them in to a bank now, they will get a very close look-over, as might you - but just speculating. Today, the technology to know exactly who received what bill from a bank is very easy. There are readers which can grab SNs on the fly and enter them into a database. To get cash, you must show ID, so 1 + 1 = 2. Now, whether that is routine or not, I do not know but the technology is in place to do it. YMMV
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Old 04-02-2017, 08:48 AM   #19
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I can't verify what I "learned" on "JUSTIFIED" but according to Season 2, episode 6, old 100s are carefully scrutinized and recorded because they are much more easily counterfeited. AFAIK such bills are withdrawn from circulation as soon as they are received at the bank. If you took them out decades ago, I'm certain that the bank did not record them - why would they and how would they - back then?

My guess is that if you take them in to a bank now, they will get a very close look-over, as might you - but just speculating. Today, the technology to know exactly who received what bill from a bank is very easy. There are readers which can grab SNs on the fly and enter them into a database. To get cash, you must show ID, so 1 + 1 = 2. Now, whether that is routine or not, I do not know but the technology is in place to do it. YMMV
So that's why they scan the bills when they hand them out? Also explains why I frequently can't deposit or receive money because the scanners are being serviced.:confused:
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Old 04-02-2017, 01:08 PM   #20
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So that's why they scan the bills when they hand them out? Also explains why I frequently can't deposit or receive money because the scanners are being serviced.:confused:
As mentioned, I don't know that they DO scan/store info when you get cash. BUT the technology is available to do so. Given the tortuous path that most currency goes through before it is (or could be) scanned again, I think it would be difficult to trace currency very effectively. But if one tends toward paranoia, then see my tag line. Oh, and YMMV.
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