The effect is fast and visual -- you show a $50 bill (replica) front and back. Note: the full front and back of the bill are seen. The bill is given a few quick, deft folds and with only the cover of your passing hand, the bill turns into a playing card (which is also seen full front and back).
I think the best way to do this is to have a card selected (using your favorite method of having someone select the King of Clubs) remembered and shuffled back into the deck. Stating that you will find the card, or you will give the spectator the money in your wallet, you try a few cards, but none are the correct card. So you take out your wallet, and remove the $50 (replica) bill. Show it front and back, then change it into a card -- the back faces the spectator, so you turn it around and show it to be the King of Clubs!
The bill replica is pretty good looking, though it is the old style fifty, with the smaller presidential portrait. Better to be used for a small stand-up show, rather than close-up (where it will be easily recognized as not real). But by combining the card revelation with the change, the effect is mystifying, even if the audience does know the bill is not real.
After learning this, you could make this gimmick up using real money, without too much trouble if you are handy with scissors and glue sticks :-)
Not mind-bending magic, but (I think) a cute magical quickie you can use to punctuate more powerful card magic routines.
Brand new with instructions that are rudimentary (but adequate for this easy-to-do effect).
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