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In the late eighteenth and early nineteenth centuries, Irish immigrants to London were particularly associated with the spending (uttering) of counterfeit money, while locals were more likely to participate in the safer and more profitable forms of currency crime, which could take place behind locked doors.

These include producing the false money and selling it wholesale.

Similarly, in America, Colonial paper currency printed by Benjamin Franklin and others often bore the phrase “to counterfeit is death”.

The theory behind such harsh punishments was that one who had the skills to counterfeit currency was considered a threat to the safety of the State, and had to be eliminated.

Another explanation is the fact that issuing money that people could trust was both an economic imperative, as well as a (where applicable)

Royal prerogative; therefore, counterfeiting was a crime against the state or ruler itself, rather than against the person who received the fake money.

Far more fortunate was an earlier practitioner of the same art, active in the time of Emperor Justinian.

Rather than executing Alexander the Barber, the Emperor chose to employ his talents in the government’s own service.

Nations have used counterfeiting as a means of warfare.

The idea is to overflow the enemy’s economy with fake banknotes so that the real value of the money plummets.

Great Britain did this during the American Revolutionary War to reduce the value of the Continental Dollar and

The counterfeiters for the British were known as “shovers”, presumably for the ability to “shove” the fake currency into circulation.

Two of the most well-known shovers for the British during the Revolutionary War were David Farnsworth and John Blair. They were caught with 10,000 dollars in counterfeits when arrested.

George Washington took a personal interest in their case and even called for them to be tortured to discover further information. They were eventually hanged for their crimes.

During the American Civil War, the Confederate States dollar was heavily counterfeited by private interests on the Union side, often without the sanction of the Union government in Washington.

The Confederacy’s access to modern printing technology was limited, while many Northern-made imitations were printed on high-quality banknote paper procured through extralegal means.

As a result, counterfeit Southern notes were often equal or even superior in quality compared to genuine Confederate money.

In 1834, counterfeit copper coins manufactured in the United States were seized from several ships with American flags in Brazil. The practice seemed to end after that.