Abstract: A miniaturized counterfeit detector provides multiple tests to ascertain the authenticity of currency in a rapid fashion. The miniaturized counterfeit detector comprises one or more sensors for magnetic ink testing. One or more backlights, illuminators or both may be provided for visual inspection of watermarks, florescent or other anti-counterfeiting features. The miniaturized counterfeit detector may be fastened to a surface and does not obstruct manipulation of currency to improve testing speed, especially when a number of currency items, such as banknotes or bills, are being tested.