And $998,328.45 is Your Change

One bill makes you a millionaire, but also a felon!

This is a rerun from 2016, and obviously, I’ve never tried to do this myself. But I have done two things kind of similar:

One, I (unknowingly) tried to buy something with a counterfeit $10 bill once. The person I was trying to pay — a tow truck driver, if memory serves — wouldn’t accept it. I took it to a bank to verify it was fake, and it was, but it was a good fake. I carried it around for years in my wallet but it eventually fell apart.

Second, I like to carry some $2 bills on me because why not. (They’re only worth $2 — most American banks have a few hundred dollars worth on hand at all times, if you want to get some for yourself.) I spend them like I do other currency, and every once in a while, someone will refuse to accept them because they’re convinced that their counterfeit. It’s fun (until you really need to buy something and only have $2 bills). — Dan

And $998,328.45 is Your Change

In 2004, a Georgia woman named Alice Pike went into a local Walmart. It's unclear what she wanted to buy, but whatever it was, the price at the register was pretty high: it totaled up to $1,671.55. The good news for Pike was that she had a pair of Walmart gift cards on her -- but the bad news was that one had only fifty cents left on it, and the other had $1.82. Being about 99% short, Pike reached into her wallet and decided to pay cash. That's a lot of cash to be carrying around, but no matter, Pike had it covered.

An hour or so later, Pike was in jail. Why?

Because she tried to pay with this:


That's a million-dollar bill. And no, it's not real. I mean, it is a real piece of paper, but it's not legal currency. That should be obvious, and it was to both the cashier and manager at the Walmart in question. The cashier contacted her boss, who called the police.

Pike claimed that the validity of the bill — or lack thereof — was not so obvious to her. According to USA Today, Pike thought the million-dollar note was real, and her crime was merely a misunderstanding. Even though the largest-denomination bill in circulation is the $100 bill, Pike claimed to be ignorant of that fact; she told the press that "you can't keep up with the U.S. Treasury." She further said that she wasn't trying to fool anyone -- that, as she noted, would be "ridiculous." Rather, she said that her (perhaps estranged) husband had given her the money, and she had no reason to believe it was anything less than genuine.

It's likely she was telling the truth, too, for a few reasons. First, as ridiculous as it is to believe that the million-dollar bill was real, it's just as ridiculous to think that a Walmart cashier will be able to make $998,382.45 in change on demand. And second, once it was clear that Walmart wasn't going to accept the money and instead was calling the cops, Pike just hung out until the police arrived. But per the police report, she had reason to run: Pike had a two other million-dollar bills in her possession at the time — bills that, had she fled, she could have tried to pawn off at Target or something.

In any event, Pike was arrested on charges of forgery. It's unclear if prosecutors decided to press on further or if she tried to use her remaining $2,000,000 to post bail.

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More About Large Demonination Currency

Today’s Bonus fact: Alice Pike isn't the only person to try to pass off a million dollar bill at Walmart -- in late 2011 or early 2012, a North Carolina man tried to do the same thing. But neither of them can hold a candle to the antics of a Wisconsin man named Michael Williams, who in February of 2014 tried to pay his Applebee's bill with a trillion dollar bill. (You can check out the fake note here.) He was arrested and jailed on unrelated charges.

From the Archives: The One Hundred Trillion Dollar Bill: It's real currency. It's just not U.S.-issued.

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And thanks! — Dan