Design and Implementation of Fake Currency Detection System

In recent years, a lot of illegal counterfeiting rings manufacture and sell fake coins and at the same time fake note currency is printed as well, which have caused great loss and damage to the society. Thus it is imperative to be able to detect fake currency. We propose a new approach to detect fake Indian notes using their images. A currency image is represented in the dissimilarity space, which is a vector space constructed by comparing the image with a set of prototypes. Each dimension measures the dissimilarity between the image under consideration and a prototype. In order to obtain the dissimilarity between two images, the local key points on each image are detected and described. Based on the characteristics of the currency, the matched key points between the two images can be identified in an efficient manner. A post processing procedure is further proposed to remove mismatched key points. Due to the limited number of fake currency in real life, SVM is conducted for fake currency detection, so only genuine currency are needed to train the classifier

Design and Implementation of Fake Currency Detection System

In recent years, a lot of illegal counterfeiting rings manufacture and sell fake coins and at the same time fake note currency is printed as well, which have caused great loss and damage to the society. Thus it is imperative to be able to detect fake currency. We propose a new approach to detect fake Indian notes using their images. A currency image is represented in the dissimilarity space, which is a vector space constructed by comparing the image with a set of prototypes. Each dimension measures the dissimilarity between the image under consideration and a prototype. In order to obtain the dissimilarity between two images, the local key points on each image are detected and described. Based on the characteristics of the currency, the matched key points between the two images can be identified in an efficient manner. A post processing procedure is further proposed to remove mismatched key points. Due to the limited number of fake currency in real life, SVM is conducted for fake currency detection, so only genuine currency are needed to train the classifier

Fake Currency Detection using Image Processing

In recent years, a lot of illegal counterfeiting rings manufacture and sell fake coins and at the same time fake note currency is printed as well, which have caused great loss and damage to the society. Thus it is imperative to be able to detect fake currency. We propose a new approach to detect fake Indian notes using their images. A currency image is represented in the dissimilarity space, which is a vector space constructed by comparing the image with a set of prototypes. Each dimension measures the dissimilarity between the image under consideration and a prototype. In order to obtain the dissimilarity between two images, the local key points on each image are detected and described. Based on the characteristics of the currency, the matched key points between the two images can be identified in an efficient manner. A post processing procedure is further proposed to remove mismatched key points. Due to the limited number of fake currency in real life, SVM is conducted for fake currency detection, so only genuine currency are needed to train the classifier

Local Image Patterns for Counterfeit Coin Detection and Automatic Coin Grading

Abstract Local Image Patterns for Counterfeit Coin Detection and Automatic Coin Grading Coins are an essential part of our life, and we still use them for everyday transactions. We have always faced the issue of the counterfeiting of the coins, but it has become worse with time due to the innovation in the technology of counterfeiting, making it more difficult for detection. Through this thesis, we propose a counterfeit coin detection method that is robust and applicable to all types of coins, whether they have letters on them or just images or both of these characteristics. We use two different types of feature extraction methods. The first one is SIFT (Scale Invariant Feature transform) features, and the second one is RFR (Rotation and Flipping invariant Regional Binary Patterns) features to make our system complete in all aspects and very generic at the same time. The feature extraction methods used here are scale, rotation, illumination, and flipping invariant. We concatenate both our feature sets and use them to train our classifiers. Our feature sets highly complement each other in a way that SIFT provides us with most discriminative features that are scale and rotation invariant but do not consider the spatial value when we cluster them, and here our second set of features comes into play as it considers the spatial structure of each coin image. We train SVM classifiers with two different sets of features from each image. The method has an accuracy of 99.61% with both high and low-resolution images. We also took pictures of the coins at 90˚ and 45˚ angles using the mobile phone camera, to check the robustness of our proposed method, and we achieved promising results even with these low-resolution pictures. Also, we work on the problem of Coin Grading, which is another issue in the field of numismatic studies. Our algorithm proposed above is customized according to the coin grading problem and calculates the coin wear and assigns a grade to it. We can use this grade to remove low-quality coins from the system, which are otherwise sold to coin collectors online for a considerable price. Coin grading is currently done by coin experts manually and is a time consuming and expensive process. We use digital images and apply computer vision and machine learning algorithms to calculate the wear on the coin and then assign it a grade based on its quality level. Our method calculates the amount of wear on coins and assign them a label and achieve an accuracy of 98.5%

Reconhecimento automático de moedas medievais usando visão por computador

Dissertação de mestrado em Engenharia InformáticaThe use of computer vision for identification and recognition of coins is well studied and of renowned interest. However the focus of research has consistently been on modern coins and the used algorithms present quite disappointing results when applied to ancient coins. This discrepancy is explained by the nature of ancient coins that are manually minted, having plenty variances, failures, ripples and centuries of degradation which further deform the characteristic patterns, making their identification a hard task even for humans. Another noteworthy factor in almost all similar studies is the controlled environments and uniform illumination of all images of the datasets. Though it makes sense to focus on the more problematic variables, this is an impossible premise to find outside the researchers’ laboratory, therefore a problematic that must be approached. This dissertation focuses on medieval and ancient coin recognition in uncontrolled “real world” images, thus trying to pave way to the use of vast repositories of coin images all over the internet that could be used to make our algorithms more robust. The first part of the dissertation proposes a fast and automatic method to segment ancient coins over complex backgrounds using a Histogram Backprojection approach combined with edge detection methods. Results are compared against an automation of GrabCut algorithm. The proposed method achieves a Good or Acceptable rate on 76% of the images, taking an average of 0.29s per image, against 49% in 19.58s for GrabCut. Although this work is oriented to ancient coin segmentation, the method can also be used in other contexts presenting thin objects with uniform colors. In the second part, several state of the art machine learning algorithms are compared in the search for the most promising approach to classify these challenging coins. The best results are achieved using dense SIFT descriptors organized into Bags of Visual Words, and using Support Vector Machine or Naïve Bayes as machine learning strategies.O uso de visão por computador para identificação e reconhecimento de moedas é bastante estudado e de reconhecido interesse. No entanto o foco da investigação tem sido sistematicamente sobre as moedas modernas e os algoritmos usados apresentam resultados bastante desapontantes quando aplicados a moedas antigas. Esta discrepância é justificada pela natureza das moedas antigas que, sendo cunhadas à mão, apresentam bastantes variações, falhas e séculos de degradação que deformam os padrões característicos, tornando a sua identificação dificil mesmo para o ser humano. Adicionalmente, a quase totalidade dos estudos usa ambientes controlados e iluminação uniformizada entre todas as imagens dos datasets. Embora faça sentido focar-se nas variáveis mais problemáticas, esta é uma premissa impossível de encontrar fora do laboratório do investigador e portanto uma problemática que tem que ser estudada. Esta dissertação foca-se no reconhecimento de moedas medievais e clássicas em imagens não controladas, tentando assim abrir caminho ao uso de vastos repositórios de imagens de moedas disponíveis na internet, que poderiam ser usados para tornar os nossos algoritmos mais robustos. Na primeira parte é proposto um método rápido e automático para segmentar moedas antigas sobre fundos complexos, numa abordagem que envolve Histogram Backprojection combinado com deteção de arestas. Os resultados são comparados com uma automação do algoritmo GrabCut. O método proposto obtém uma classificação de Bom ou Aceitável em 76% das imagens, demorando uma média de 0.29s por imagem, contra 49% em 19,58s do GrabCut. Não obstante o foco em segmentação de moedas antigas, este método pode ser usado noutros contextos que incluam objetos planos de cor uniforme. Na segunda parte, o estado da arte de Machine Learning é testado e comparado em busca da abordagem mais promissora para classificar estas moedas. Os melhores resultados são alcançados usando descritores dense SIFT, organizados em Bags of Visual Words e usando Support Vector Machine ou Naive Bayes como estratégias de machine learning

NOTE TO COIN EXCHANGER USING IMAGE PROCESSING

Now days, we have to suffer a lot for the change in various public places in daily life. The need of change has been increased. Rather coins are used more instead of note in various places like bus station, railway station, malls, parks, even in rural areas where nowadays also coin telephone system is used. For these many application places coins are used extremely, so we thought to develop an exchanger machine which will give us coins instead of notes. As there are lots of techniques to detect the Indian currency note, these are texture based, pattern based, checking by the watermarking, checking the micro lettering, color based recognition technique . The most preferable technique along all these is color based recognition . It is constructed by counting the number of pixels of each color. For detecting kind of note the mat lab algorithm runs and the result is given to the controller which will manipulate the coin container through relays and motors, the user simply press the keypad for which type of change he wants whether one rupee coins or five rupee or mixed and hence in the output we get coins as user requiremen

Banknote identification through unique fluorescent properties

The use of printed banknotes is widespread despite cashless payment methods: for example, more than 27 billion euro banknotes are currently in circulation, and this amount is constantly increasing. Unfortunately, many false banknotes are in circulation, too. Central banks worlwide are continuously striving to reduce the counterfeiting. To fight against the criminal practice, a range of security features are added to banknotes, such as watermarks, micro-printing, holograms, and embossed characters. Beside these well-known characteristics, the colored fibers inside every banknote have strong potential as a security feature, but have so far been poorly exploited. The mere presence of colored fibers does not guarantee the banknote genuineness, as they can be drawn or printed by counterfeiters. However, their random position can be exploited to uniquely identify the banknote. This paper presents a technique for automatically recognizing fibers and efficiently storing their positions, considering realistic application scenarios. The classification accuracy and fault tolerance of the proposed method are theoretically demonstrated, thus showing its applicability regardless of banknote wear or any implementation issue. This is a major advantage with respect to state-of-the-art anti-counterfeit approaches. The proposed security method is strictly topical, as the European Central Bank plans to redesign euro banknotes by 2024