More than two years after originally planned, the Federal Reserve Board has announced that a new $100 bill will finally begin circulating later this year. The new $100 note will be released beginning on October 8, 2013.
Original plans called for the release to occur in February of 2011. However, owing to production issues, that debut was postponed.
A problem with creasing had developed when mass printing of the bills, according to the Bureau of Engraving and Printing (BEP). The creasing issue had not surfaced during extensive pre-production runs but became apparent when full production was established.
All relevant issues have apparently been remedied allowing the Bureau to establish pre-release inventories sufficient to meet demand. On average, tens of thousands of $100 notes are printed monthly by the BEP.
The $100 bill is the most counterfeited, and, up until now, was the last to receive a facelift. New security features have been added which are designed to make the note easier to identify and authenticate by consumers and merchants but much more difficult to counterfeit.
These security features include a blue 3-D security ribbon on the front of the note. The ribbon has micro-images of bells and 100’s that appear to switch back and forth as the note is tilted by the holder Also, a "Bell in the Inkwell" feature has been added to the right of the Benjamin Franklin portrait that changes from green to copper as the note is shifted. In doing so, the bell in the design seems to disappear.
With a new firm date in place for the release of the updated $100 bill, the Federal Reserve Board plans to ramp up its public education program about the new note to inform consumers of its features.
"To ensure a smooth transition to the redesigned note when it begins circulating in October, the U.S. Currency Education Program is reaching out to businesses and consumers around the world to raise awareness about the new design and inform them about how to use its security features," indicates a statement by the Federal Reserve Board.
Additional information on the new $100 bill can be found on the site http://www.newmoney.gov/.
I hope my local bank gets them. Wouldn’t mind swapping some old ones for the new design.
Will these be offered thru the BEP?
I’ll probably get some flack for this, but I’m glad to see the U.S. Motto is on the new design.
Bad news is that each note costs 375.00 to produce!
Tom; you won’t catch any flack from me..! I’m rather fond of the USA…!!
A&L – I’m sure they will eventually offer the new bills after the October release.
Keep an eye on the BEP store located at:
http://www.moneyfactorystore.gov/
True money is gold and silver.
Under the guise of security, they’re getting us used to fairly frequent changes to the currency. $100? Sure. But others incl $5, $10, $20….. Who would want to print those? Sorry for the wod choice.
That’s certainly an in-your-face 100 on the reverse side.
Money is PHYSICAL Gold and nothing else. Whoever has the gold, makes the rules. ALL ponzi schemes collapse.
It is amazing how much garbage can be put into a piece of garbage. Should keep the small timers out of counterfeiting. Superbills? They’ll just keep on printing. It is so much easier to use gold and silver, though they may be debased, it is easier to test and confirm. There is that Constitutional thingy as well.
Oh wait! We would have to ask a private banking corporation to give up control of our currency, where they have replaced money with debt instruments (notes).
End legal tender laws, let the People decide what is money.
All I see is the Disappointed face Of B F, Inwardly saying,
OMG, what have they done to the monetary system of AMERICA ?
Shawn,
Have you ever heard of a Bitcoin? An idea that may or may not take hold.
Check out the link about this digital currency that is not tied to a central bank:
http://live.wsj.com/video/whats-a-bitcoin-2013-04-12-181151853/D79FF38C-7816-435B-B3B0-F9B177BCA0A8.html
RBG, Yes, I have been following it for about 18 months. There are competitors as well, but BTC seems to be emerging as an interesting experiment. The problems continue to be large however: Canada is set to tax it, merchants must exchange it into currency at time of sale (which gives banks some power) especially in Canada where they are starting to refuse to maintain exchange accounts. Still, it has possibilities if people will start to accept it for goods and services without exchanging it for currency. It is dependent on a working internet (could be troublesome) and the speculators… Read more »
Hi Shawn, The Bitcoin is an interesting concept. So were the internet and the cell phone. I believe it will take hold in the future but I am not comfortable enough to invest. There have been wild swings in price and I have read about the problems in Canada. With the US banking system straining under the weight of its own debt (as well the Euro) I see a system like this succeeding in the future. As on-line banking and cell phone purchasing replace the credit card the reality of a Bitcoin is much less of a fantastic idea. Most… Read more »
I hope that doesn’t mean a one world currency. Every country having its own currency is a sign of each country’s independence, even though it’s not the only one.
RBG,
A problem may arise if the central banks actually see this as competition. Legal tender laws and all, I would suggest that converting bitcoins into currency may become impossible.
Thus, you are all in or all out. If the banks continue with the bail-ins (and I think they will) bitcoin could become very popular.
Personally, I like the weight of a good ounce in my hand. It will trade locally, if push comes to default.
RBG,
Mt Gox was raided by the japanese police today and will be closed Friday. They are accused of market manipulation and DDOS attacks. This is the largest Bitcoin exchange.
Shawn, Thanks for the info.
We are all a bit safer with a bit of physical Silver and Gold.
Tom – internet chain letters not withstanding, there’s _no_ clamor to remove “In God We Trust” from coins or currency. For one thing, it’s now legally required so our best-that-money-can-buy Congress would have to go along with any removal. As the Brits say, “not bloody likely”. And anyway, the whole issue is a tempest in an eyedropper that only gets a few on the far left and far right worked into diametrically opposed frenzies. Second, could you explain to the rest of us how a new $100 bill, even with such an amateurish design, correlates to the purported introduction of… Read more »