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Ovation: The New Hundred Dollar Bill.

10/08/2013

new-100-dollar-billWe have a safe in our house and I always try to keep a few hundred dollars cash on hand for emergencies.  It’s come in handy more than once, when getting to a bank or an ATM wasn’t practical.  In order to avoid spending this emergency cash, we keep hundred dollar bills in our safe because, using our twisted logic, they’re “harder to spend”.

Today is the day the new one hundred dollar bill makes its debut in the United States.  The new bill was originally scheduled to reach banks in 2011 but three years ago the Federal Reserve announced that a problem with the currency’s new security measures was causing the bills to crease during the printing process which left blank spaces on the bills.

The new bill has several features designed to make it easier for the public to authenticate but more difficult for counterfeiters to replicate.  For example, a blue, 3D security ribbon, as well as color-shifting ink that changes from copper to green when the note is tilted.  That same ink is found on a large “100” on the back of the bill, on one of the “100s” on the front, and on a new image of an ink well that is on the front.

The image of Benjamin Franklin will be the same as on the current bill, but like all the other newly designed currencies, it will no longer be surrounded by an dark oval. Except for the one and two dollar bills, all U.S. paper currency has been redesigned in the last ten years to combat counterfeiting.  The hundred dollar bill is actually the second most common bill in circulation, behind only the one dollar bill. It’s actually slightly more common than the twenty dollar bill.

The current hundred dollar bills, in circulation since 1996, as well as all previous designs, will of course still be legal tender, and will likely still be given out to customers by banks for some time to come.  But, beginning today, when banks request $100 bills from the Federal Reserve, they’ll only receive the new design.  I hope I see one in my safe really soon!

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9 Comments
  1. Now, if we can stop producing nickels and pennies which cost more to make than they are worth. By the way, there was an interesting question on “Who wants to be a millionaire?” last night. If you add the amount of one bill each of all the paper money currently “minted” in the US, what would you have in total dollars? The guest unfortunately missed it as he forgot one bill. That is a clue.

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  2. Abby once ate a one hundred dollar bill. Wonder if these new ones would taste as good?

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  3. Have you seen the Canadian $100 bills? They have a large clear space on them to counteract counterfeiting.

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  4. Anonymous permalink

    Yesterday in my place of business, I received one of the new $100 bills, as I had never seen one in real life, it looked kind of fake to me, I called the local bank and they said it was a good one.
    So that all of my employees would not have a problem with this, I decided to make a black and white copy of the bill so I could posted by the register, but guess what, the printer will not print one, they are unprintable, it will not acknowledge the bill, it prints maybe 1/4 inch of it, then printed cancels the print, wow now that is impressive. anyway just wanted to let people know(good, a nonprintable bill, no more counterfeits).

    Like

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