Banknotes of the euro, the currency of the euro area and institutions, have been in circulation since the first series was issued in 2002. They are issued by the national central banks of the European Central Bank. In 1999 the euro was introduced and in 2002 notes and coins began to circulate; the euro took over from the former national currencies and expanded around the European Union. Denominations of the notes range from €5 to €500 and, unlike euro coins, the design is identical across the whole of the Eurozone, although they are issued and printed in various member states; the euro banknotes are pure cotton fibre, which improves their durability as well as giving the banknotes a distinctive feel. They measure from 120 by 62 millimetres to 160 by 82 millimetres and have a variety of colour schemes; the euro notes contain many complex security features such as watermarks, invisible ink and microprinting that document their authenticity. While euro coins have a national side indicating the country of issue, euro notes lack this.
Instead, this information is shown by the first character of each note's serial number. According to European Central Bank estimates, in August 2018, there were about 21.737 billion banknotes in circulation around the Eurozone, with a total value of about €1.193 trillion. On 8 November 2012, the European Central Bank announced that the first series of notes would be replaced by the Europa series, starting with the 5 euro note on 2 May 2013. Estimates suggest that the average life of a euro banknote is about three years before it is replaced due to wear, but individual lifespans vary depending on denomination, from less than a year for €5 banknote to over 30 years for €500 banknote. High denomination banknotes last longer; the Europa series is designed to last longer than the previous one. The euro came into existence on 1 January 1999; the euro's creation had been a goal of its predecessors since the 1960s. The Maastricht Treaty entered into force in 1993 with the goal of creating economic and monetary union by 1999 for all EU states except the UK and Denmark.
In 1999, the currency was born and in 2002 notes and coins began to circulate. It took over from the former national currencies and expanded around the rest of the EU. In 2009, the Lisbon Treaty formalised the Euro's political authority, the Euro Group, alongside the European Central Bank. Slovenia joined the Eurozone in 2007, Cyprus and Malta in 2008, Slovakia in 2009, Estonia in 2011, Latvia in 2014 and Lithuania in 2015. There are seven different denominations of the euro banknotes: €5, €10, €20, €50, €100, €200 and €500; each has a distinctive size. The designs for each of them have a common theme of European architecture in various artistic eras; the obverse of the banknote features windows or gateways while the reverse bears different types of bridges. The architectural examples are stylised not representations of existing monuments. All the notes of the initial series of euro notes bear the European flag, a map of the continent on the reverse, the name "euro" in both Latin and Greek script and the signature of a president of the ECB, depending on when the banknote was printed.
The 12 stars from the flag are incorporated into every note. The notes carry the acronyms of the name of the European Central Bank in five linguistic variants, covering all official languages of the EU in 2002, now 19 out of 24 official languages of the EU28, in the following order: BCE ECB EZB ΕΚΤ EKP The order is determined by the EU country listing order, with BCE ahead of ECB because of the national precedence of Belgium's two main languages, followed by the remaining languages of Germany and Finland, in that order; the euro banknote initial designs were chosen from 44 proposals in a design competition, launched by the Council of the European Monetary Institute on 12 February 1996. The winning entry, created by Robert Kalina from the Oesterreichische Nationalbank, was selected on 3 December 1996; the euro banknotes are pure cotton fibre, which improves their durability as well as giving the banknotes a distinctive feel. In the first and Europa series, the Azores, French Guiana, Madeira, Martinique, Réunion, the Canary Islands, overseas territories of the eurozone member states, which use the euro, are shown under the map in separate boxes.
Cyprus and Malta were not shown on the first series because they were not in the EU in 2002, when the banknotes were issued though they joined the Eurozone in 2008. The map did not stretch as far east as Cyprus, while Malta was too small to be depicted.2. However, both Cyprus and Malta are depicted on the Europa series note; the Europa series banknotes to the first series, bear the European flag, a map of the continent on the reverse and the signature of Mario Draghi, since 1 November 2011 president of the ECB. The 12 stars from the flag are incorporated into the notes. On 4 May 2016 the European Central Bank decided not to issue a 500 euro banknote for the Europa series; the banknote has the name "euro", but in three scripts: Lat
Switzerland the Swiss Confederation, is a country situated in western and southern Europe. It consists of 26 cantons, the city of Bern is the seat of the federal authorities; the sovereign state is a federal republic bordered by Italy to the south, France to the west, Germany to the north, Austria and Liechtenstein to the east. Switzerland is a landlocked country geographically divided between the Alps, the Swiss Plateau and the Jura, spanning a total area of 41,285 km2. While the Alps occupy the greater part of the territory, the Swiss population of 8.5 million people is concentrated on the plateau, where the largest cities are to be found: among them are the two global cities and economic centres Zürich and Geneva. The establishment of the Old Swiss Confederacy dates to the late medieval period, resulting from a series of military successes against Austria and Burgundy. Swiss independence from the Holy Roman Empire was formally recognized in the Peace of Westphalia in 1648; the country has a history of armed neutrality going back to the Reformation.
It pursues an active foreign policy and is involved in peace-building processes around the world. In addition to being the birthplace of the Red Cross, Switzerland is home to numerous international organisations, including the second largest UN office. On the European level, it is a founding member of the European Free Trade Association, but notably not part of the European Union, the European Economic Area or the Eurozone. However, it participates in the Schengen Area and the European Single Market through bilateral treaties. Spanning the intersection of Germanic and Romance Europe, Switzerland comprises four main linguistic and cultural regions: German, French and Romansh. Although the majority of the population are German-speaking, Swiss national identity is rooted in a common historical background, shared values such as federalism and direct democracy, Alpine symbolism. Due to its linguistic diversity, Switzerland is known by a variety of native names: Schweiz. On coins and stamps, the Latin name – shortened to "Helvetia" – is used instead of the four national languages.
Switzerland is one of the most developed countries in the world, with the highest nominal wealth per adult and the eighth-highest per capita gross domestic product according to the IMF. Switzerland ranks at or near the top globally in several metrics of national performance, including government transparency, civil liberties, quality of life, economic competitiveness and human development. Zürich and Basel have all three been ranked among the top ten cities in the world in terms of quality of life, with the first ranked second globally, according to Mercer in 2018; the English name Switzerland is a compound containing Switzer, an obsolete term for the Swiss, in use during the 16th to 19th centuries. The English adjective Swiss is a loan from French Suisse in use since the 16th century; the name Switzer is from the Alemannic Schwiizer, in origin an inhabitant of Schwyz and its associated territory, one of the Waldstätten cantons which formed the nucleus of the Old Swiss Confederacy. The Swiss began to adopt the name for themselves after the Swabian War of 1499, used alongside the term for "Confederates", used since the 14th century.
The data code for Switzerland, CH, is derived from Latin Confoederatio Helvetica. The toponym Schwyz itself was first attested in 972, as Old High German Suittes perhaps related to swedan ‘to burn’, referring to the area of forest, burned and cleared to build; the name was extended to the area dominated by the canton, after the Swabian War of 1499 came to be used for the entire Confederation. The Swiss German name of the country, Schwiiz, is homophonous to that of the canton and the settlement, but distinguished by the use of the definite article; the Latin name Confoederatio Helvetica was neologized and introduced after the formation of the federal state in 1848, harking back to the Napoleonic Helvetic Republic, appearing on coins from 1879, inscribed on the Federal Palace in 1902 and after 1948 used in the official seal.. Helvetica is derived from the Helvetii, a Gaulish tribe living on the Swiss plateau before the Roman era. Helvetia appears as a national personification of the Swiss confederacy in the 17th century with a 1672 play by Johann Caspar Weissenbach.
Switzerland has existed as a state in its present form since the adoption of the Swiss Federal Constitution in 1848. The precursors of Switzerland established a protective alliance at the end of the 13th century, forming a loose confederation of states which persisted for centuries; the oldest traces of hominid existence in Switzerland date back about 150,000 years. The oldest known farming settlements in Switzerland, which were found at Gächlingen, have been dated to around 5300 BC; the earliest known cultural tribes of the area were members of the Hallstatt and La Tène cultures, named after the archaeological site of La Tène on the north side of Lake Neuchâtel. La Tène culture developed and flourished during the late Iron Age from around 450 BC under some influence from the Gree
A banknote is a type of negotiable promissory note, made by a bank, payable to the bearer on demand. Banknotes were issued by commercial banks, which were required to redeem the notes for legal tender when presented to the chief cashier of the originating bank; these commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have been replaced by national banknotes issued by central banks. National banknotes are legal tender, meaning that medium of payment is allowed by law or recognized by a legal system to be valid for meeting a financial obligation. Banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment; this practice of "backing" notes with something of substance is the basis for the history of central banks backing their currencies in gold or silver. Today, most national currencies have no backing in precious metals or commodities and have value only by fiat. With the exception of non-circulating high-value or precious metal issues, coins are used for lower valued monetary units, while banknotes are used for higher values.
In China during the Han dynasty promissory notes were made of leather. Rome may have used a durable lightweight substance as promissory notes in 57 AD which have been found in London. However, Carthage was purported to have issued bank notes on parchment or leather before 146 BC. Hence Carthage may be the oldest user of lightweight promissory notes; the first known banknote was first developed in China during the Tang and Song dynasties, starting in the 7th century. Its roots were in merchant receipts of deposit during the Tang dynasty, as merchants and wholesalers desired to avoid the heavy bulk of copper coinage in large commercial transactions. During the Yuan dynasty, banknotes were adopted by the Mongol Empire. In Europe, the concept of banknotes was first introduced during the 13th century by travelers such as Marco Polo, with European banknotes appearing in 1661 in Sweden. Counterfeiting, the forgery of banknotes, is an inherent challenge in issuing currency, it is countered by anticounterfeiting measures in the printing of banknotes.
Fighting the counterfeiting of banknotes and cheques has been a principal driver of security printing methods development in recent centuries. Paper currency first developed in Tang dynasty China during the 7th century, although true paper money did not appear until the 11th century, during the Song dynasty; the usage of paper currency spread throughout the Mongol Empire or Yuan dynasty China. European explorers like Marco Polo introduced the concept in Europe during the 13th century. Napoleon issued paper banknotes in the early 1800s. Cash paper money originated as receipts for value held on account "value received", should not be conflated with promissory "sight bills" which were issued with a promise to convert at a date; the perception of banknotes as money has evolved over time. Money was based on precious metals. Banknotes were seen by some as an I. O. U. or promissory note: a promise to pay someone in precious metal on presentation, but were accepted - for convenience and security - in the City of London for example from the late 1600s onwards.
With the removal of precious metals from the monetary system, banknotes evolved into pure fiat money. Development of the banknote began in the Tang dynasty during the 7th century, with local issues of paper currency, although true paper money did not appear until the 11th century, during the Song dynasty, its roots were in merchant receipts of deposit during the Tang Dynasty, as merchants and wholesalers desired to avoid the heavy bulk of copper coinage in large commercial transactions. Before the use of paper, the Chinese used coins that were circular, with a rectangular hole in the middle. Several coins could be strung together on a rope. Merchants in China, if they became rich enough, found that their strings of coins were too heavy to carry around easily. To solve this problem, coins were left with a trustworthy person, the merchant was given a slip of paper recording how much money they had with that person. If they showed the paper to that person, they could regain their money; the Song Dynasty paper money called "jiaozi" originated from these promissory notes.
By 960 the Song dynasty, short of copper for striking coins, issued the first circulating notes. A note is a promise to redeem for some other object of value specie; the issue of credit notes is for a limited duration, at some discount to the promised amount later. The jiaozi did not replace coins during the Song Dynasty; the central government soon observed the economic advantages of printing paper money, issuing a monopoly right of several of the deposit shops to the issuance of these certificates of deposit. By the early 12th century, the amount of banknotes issued in a single year amounted to an annual rate of 26 million strings of cash coins. By the 1120s the central government stepped in and produced their own state-issued paper money. Before this point, the Song government was amassing large amounts of paper tribute, it was recorded that each year before 1101 AD, the prefecture of Xin'an alone would send 1,500,000 sheets of paper in seven different varieties to the capital at Kaifeng. In that year of 1101, the Emperor Huizong of Song decided to lessen the amount of paper taken in the tribute quota, because it was causing detrimental effects and creating heavy burdens on the people of the regio
Brazil the Federative Republic of Brazil, is the largest country in both South America and Latin America. At 8.5 million square kilometers and with over 208 million people, Brazil is the world's fifth-largest country by area and the fifth most populous. Its capital is Brasília, its most populated city is São Paulo; the federation is composed of the union of the 26 states, the Federal District, the 5,570 municipalities. It is the largest country to have Portuguese as an official language and the only one in the Americas. Bounded by the Atlantic Ocean on the east, Brazil has a coastline of 7,491 kilometers, it borders all other South American countries except Ecuador and Chile and covers 47.3% of the continent's land area. Its Amazon River basin includes a vast tropical forest, home to diverse wildlife, a variety of ecological systems, extensive natural resources spanning numerous protected habitats; this unique environmental heritage makes Brazil one of 17 megadiverse countries, is the subject of significant global interest and debate regarding deforestation and environmental protection.
Brazil was inhabited by numerous tribal nations prior to the landing in 1500 of explorer Pedro Álvares Cabral, who claimed the area for the Portuguese Empire. Brazil remained a Portuguese colony until 1808, when the capital of the empire was transferred from Lisbon to Rio de Janeiro. In 1815, the colony was elevated to the rank of kingdom upon the formation of the United Kingdom of Portugal and the Algarves. Independence was achieved in 1822 with the creation of the Empire of Brazil, a unitary state governed under a constitutional monarchy and a parliamentary system; the ratification of the first constitution in 1824 led to the formation of a bicameral legislature, now called the National Congress. The country became a presidential republic in 1889 following a military coup d'état. An authoritarian military junta came to power in 1964 and ruled until 1985, after which civilian governance resumed. Brazil's current constitution, formulated in 1988, defines it as a democratic federal republic. Due to its rich culture and history, the country ranks thirteenth in the world by number of UNESCO World Heritage Sites.
Brazil is considered an advanced emerging economy. It has the ninth largest GDP in the world by nominal, eight and PPP measures, it is one of the world's major breadbaskets, being the largest producer of coffee for the last 150 years. It is classified as an upper-middle income economy by the World Bank and a newly industrialized country, with the largest share of global wealth in Latin America. Brazil is a regional power and sometimes considered a great or a middle power in international affairs. On account of its international recognition and influence, the country is subsequently classified as an emerging power and a potential superpower by several analysts. Brazil is a founding member of the United Nations, the G20, BRICS, Union of South American Nations, Organization of American States, Organization of Ibero-American States and the Community of Portuguese Language Countries, it is that the word "Brazil" comes from the Portuguese word for brazilwood, a tree that once grew plentifully along the Brazilian coast.
In Portuguese, brazilwood is called pau-brasil, with the word brasil given the etymology "red like an ember", formed from brasa and the suffix -il. As brazilwood produces a deep red dye, it was valued by the European textile industry and was the earliest commercially exploited product from Brazil. Throughout the 16th century, massive amounts of brazilwood were harvested by indigenous peoples along the Brazilian coast, who sold the timber to European traders in return for assorted European consumer goods; the official Portuguese name of the land, in original Portuguese records, was the "Land of the Holy Cross", but European sailors and merchants called it the "Land of Brazil" because of the brazilwood trade. The popular appellation eclipsed and supplanted the official Portuguese name; some early sailors called it the "Land of Parrots". In the Guarani language, an official language of Paraguay, Brazil is called "Pindorama"; this was the name the indigenous population gave to the region, meaning "land of the palm trees".
Some of the earliest human remains found in the Americas, Luzia Woman, were found in the area of Pedro Leopoldo, Minas Gerais and provide evidence of human habitation going back at least 11,000 years. The earliest pottery found in the Western Hemisphere was excavated in the Amazon basin of Brazil and radiocarbon dated to 8,000 years ago; the pottery was found near Santarém and provides evidence that the tropical forest region supported a complex prehistoric culture. The Marajoara culture flourished on Marajó in the Amazon delta from 800 CE to 1400 CE, developing sophisticated pottery, social stratification, large populations, mound building, complex social formations such as chiefdoms. Around the time of the Portuguese arrival, the territory of current day Brazil had an estimated indigenous population of 7 million people semi-nomadic who subsisted on hunting, fishing and migrant agriculture; the indigenous population of Brazil comprised several large indigenous ethnic groups. The Tupí people were subdivided into the Tupiniquins and Tupinambás, there were many subdivisions of the other gro
Sun Chemical is the world's largest producer of printing inks and pigments and is located in Parsippany-Troy Hills, New Jersey. It was incorporated in 1945; the company has its roots as the Lorilleux & Cie. Paris in 1818, but was incorporated under the Sun name in 1945; the company operates the Daniel J. Carlick Technical Center in New Jersey. Sun Chemical is a member of the DIC Corporation group of companies based in Japan. Sun Chemical is a leading provider of materials to packaging, coatings, plastics and other industrial markets, including electronic materials and specialty coatings, brand protection and product authentication technologies. Official website
The Brazilian real is the official currency of Brazil. It is subdivided into 100 centavos; the Central Bank of Brazil is the issuing authority. The dollar-like sign in the currency's symbol, in all the other past Brazilian currencies, is written with two vertical strokes rather than one. However, Unicode considers the difference to be only a matter of font design, does not have a separate code for the two-stroked version; as of April 2016, the real is the nineteenth most traded currency in the world by value. The modern real was introduced on 1 July 1994, during the presidency of Itamar Franco, when Rubens Ricupero was the Minister of'Fazenda'—Brazilian nomenclature for Minister of Finance—as part of a broader plan to stabilize the Brazilian economy, known as the Plano Real; the new currency replaced the short-lived cruzeiro real. The reform included the demonetisation of the cruzeiro real and required a massive banknote replacement. At its introduction, the real was defined to be equal to 1 unidade real de valor a non-circulating currency unit.
At the same time the URV was defined to be worth 2750 cruzeiros reais, the average exchange rate of the U. S. dollar to the cruzeiro real on that day. As a consequence, the real was worth one U. S. dollar as it was introduced. Combined with all previous currency changes in the country's history, this reform made the new real equal to 2.75 × 1018 of Brazil's original "réis". Soon after its introduction, the real unexpectedly gained value against the U. S. dollar, due to large capital inflows in late 1994 and 1995. During that period it attained its maximum dollar value about US$1.20. Between 1996 and 1998 the exchange rate was controlled by the Central Bank of Brazil, so that the real depreciated and smoothly in relation to the dollar, dropping from near 1:1 to about 1.2:1 by the end of 1998. In January 1999 the deterioration of the international markets, disrupted by the Russian default, forced the Central Bank, under its new president Arminio Fraga, to float the exchange rate; this decision produced a major devaluation, to a rate of R$2:US$1.
In the following years, the currency's value against the dollar followed an erratic but downwards path from 1999 until late 2002, when the prospect of the election of leftist candidate Luiz Inácio Lula da Silva, considered a radical populist by sectors of the financial markets, prompted another currency crisis and a spike in inflation. Many Brazilians feared another default on government debts or a resumption of heterodox economic policies, rushed to exchange their reais into tangible assets or foreign currencies; the crisis subsided once Lula took office, after he, his finance minister Antonio Palocci, Arminio Fraga reaffirmed their intention to continue the orthodox macroeconomic policies of his predecessor. The value of the real in dollars continued to fluctuate but upwards, so that by 2005 the exchange was a little over R$2:US$1. In May 2007, for the first time since 2001, the real became worth more than US$0.50—even though the Central Bank, concerned about its effect on the Brazilian economy, had tried to keep it below that symbolic threshold.
The exchange rate as of September 2015 was BRL 4.05 to US$1.00, however it has since been in a gradual recovery period, reaching 3.0 BRL per US dollar by February 2017. Along with the first series of currency, coins were introduced in denominations of 1, 5, 10 and 50 centavos and 1 real. All were struck in stainless steel; the original 1-real coins, produced only in 1994, were demonetized on 23 December 2003. In 1998, a second series of coins was introduced, it featured copper-plated steel coins of 1 and 5 centavos, brass-plated steel coins of 10 and 25 centavos, a cupronickel 50 centavos coin, a bi-coloured brass and cupronickel coin of 1 real. However, from 2002 onwards, steel was used for the 50 centavos coin and the central part of the 1 real coin. In November 2005, the Central Bank discontinued the production of 1 centavo coins, but the existing ones continue to be legal tender. Retailers now round their prices to the next 5 or 10 centavos; the Brazilian Central Bank has issued special commemorative versions of some coins on special occasions.
These coins are legal differ from the standard ones only on the reverse side. In 1994, banknotes were introduced in denominations of 5, 10, 50 and 100 reais; these were followed by 2 reais in 2000 and 20 reais in 2001. On 31 December 2005, BCB discontinued the production of the 1 real banknote. On 3 February 2010, the Central Bank of Brazil announced a new series of the real banknotes which would begin to be released in April 2010; the new design added security enhancements in an attempt to reduce counterfeiting. The notes have different sizes according to their values to help vision-impaired people; the changes were made reflecting the growth of the Brazilian economy and the need for a stronger and safer currency. The new banknotes began coexisting with the older ones. In April 2000, in commemoration of the 500th anniversary of the Portuguese arrival on Brazilian shores, the Brazilian Central Bank released a polymer 10 real banknote that circulates along with the other banknotes above; the Brazilian Mint printed 250 million of these notes, which at the time accounted for about half of the 10 real banknotes in circulation.
Central Bank of Br
To counterfeit means to imitate something authentic, with the intent to steal, destroy, or replace the original, for use in illegal transactions, or otherwise to deceive individuals into believing that the fake is of equal or greater value than the real thing. Counterfeit products are unauthorized replicas of the real product. Counterfeit products are produced with the intent to take advantage of the superior value of the imitated product; the word counterfeit describes both the forgeries of currency and documents, as well as the imitations of items such as clothing, shoes, pharmaceuticals and automobile parts, electronics, works of art and movies. Counterfeit products tend to have fake company logos and brands, have a reputation for being lower quality and may include toxic elements such as lead; this has resulted in the deaths of hundreds of thousands of people, due to automobile and aviation accidents, poisoning, or ceasing to take essential compounds. The counterfeiting of money is attacked aggressively by governments worldwide.
Paper money is the most popular product counterfeited. Counterfeit money is currency, produced without the legal sanction of the state or government and in deliberate violation of that country's laws; the United States Secret Service known for its guarding-of-officials task, was organized to combat the counterfeiting of American money. Counterfeit government bonds are public debt instruments that are produced without legal sanction, with the intention of "cashing them in" for authentic currency or using them as collateral to secure legitimate loans or lines of credit. Forgery is the process of adapting documents with the intention to deceive, it is a form of fraud, is a key technique in the execution of identity theft. Uttering and publishing is a term in United States law for the forgery of non-official documents, such as a trucking company's time and weight logs. Questioned document examination is a scientific process for investigating many aspects of various documents, is used to examine the provenance and verity of a suspected forgery.
Security printing is a printing industry specialty, focused on creating legal documents which are difficult to forge. The spread of counterfeit goods has become global in recent years and the range of goods subject to infringement has increased significantly. Apparel and accessories accounted for over 50 percent of the counterfeit goods seized by U. S Customs and Border Control. According to the study of Counterfeiting Intelligence Bureau of the International Chamber of Commerce, counterfeit goods make up 5 to 7% of World Trade. A report by the Organisation for Economic Co-operation and Development indicates that up to US$200 Billion of international trade could have been in counterfeit and illegally copied goods in 2005. In November 2009, the OECD updated these estimates, concluding that the share of counterfeit and illegitimate goods in world trade had increased from 1.85% in 2000 to 1.95% in 2007. That represents an increase to US$250 billion worldwide. In a detailed breakdown of the counterfeit goods industry, the total loss faced by countries around the world is $600 billion, with the United States facing the most economic impact.
When calculating counterfeit products, current estimates place the global losses at $400 billion. On November 29, 2010, the Department of Homeland Security seized and shut down 82 websites as part of a U. S. crackdown of websites that sell counterfeit goods, was timed to coincide with "Cyber Monday," the start of the holiday online shopping season. Some see the rise in counterfeiting of goods as being related to globalisation; as more and more companies, in an effort to increase profits, move manufacturing to the cheaper labour markets of the third world, areas with weaker labour laws or environmental regulations, they give the means of production to foreign workers. These new managers of production have little or no loyalty to the original corporation, they see that profits are being made by the global brand for doing little and see the possibilities of removing the middle men and marketing directly to the consumer. This can result in counterfeit products being indistinguishable from original products, as they are being produced in the same company, in damage to the parent corporation due to copyright infringement.
Certain consumer goods very expensive or desirable brands or those that are easy to reproduce cheaply, have become frequent and common targets of counterfeiting. The counterfeiters either attempt to deceive the consumer into thinking they are purchasing a legitimate item, or convince the consumer that they could deceive others with the imitation. An item which makes no attempt to deceive, such as a copy of a DVD with missing or different cover art or a book without a cover, is called a "bootleg" or a "pirated copy" instead. Counterfeiting has been issued to "cash in" on the growing record collecting market. One major example is bootleggers have cloned copies of Elvis Presley's early singles for Sun Records since original copies starting changing hands amongst music fans for hundreds of US$; some who produce these do so with the wrong material. For example the song "Heartbreak Hotel", never released on Sun, as by the time Elvis' first heard it, prior to recording