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Plot summary.The dust jacket states that "Counterfeit money is in circulation, and the limit is reached when Mrs. Hardy takes some from a stranger. Then the Hardy boys and their high school chums are warned to stay away from the old mill. Their curiosity plunges them into peril of the most unexpected kind." However, Mrs. Hardy's acceptance of counterfeit money does not take place until near the end of the book. The events that cause the Hardy Boys to take the case are as follows:
  • A stranger at the train station changes a five-dollar bill for some one-dollar bills which Frank and Joe give him. When Frank and Joe use the bill to buy some pie plates, they are told the five is a counterfeit.
  • Frank's girlfriend Callie Shaw's cousin, Pollie, accepts a counterfeit fifty from a customer.
  • While visiting an old mill, hostile scenes convince the Hardys that something is going on.
  • Putting two and two together, they deduce that the counterfeit money and the mill may be connected.

A series of investigations ensues (which also includes the first appearance of the boys motorboat, the Sleuth. The Hardy Boys round up the counterfeiting gang, and the story comes to an end.

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12y ago

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