Someone posted before that a currency checking pen can be tricked and I was curious how - I read that a forger can bleach a lower denomination bill and reprint it is as a larger bill to trick the pen, and using a UV light to view the fibers in the paper was recommended. Each denomination has different colored UV fibers.
It seems the vertical strip inside the bill would also identify a washed bill since it is in a different position for each size bill and the denomination is shown on the strip when held up to a light.
Fortunately I know lots of pinheads locally through tournaments and such, so buying and selling is relatively safe with folks I know.