the new high-tech $100 bill enters circulation this fall
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Comment by truth on August 15, 2013 at 3:02am
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Comment by Nobody Will Observe on August 14, 2013 at 9:54pm
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Comment by Central Scrutinizer on August 14, 2013 at 9:53pm
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all this bullshit over a piece of fed resrv paper worth .40¢
I doubt this currency even be around in the fall
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Comment by guest_blog on August 14, 2013 at 9:45pm
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- Watch: New $100 Bills Destroyed After Printing Mistake
- 30 Million New Hundred-Dollar Bills Could Go To Waste
Business Insider via Yahoo! Finance 10 hours ago An ink error has ruined 30 million newly printed $100 bills.
There's been yet another major snag in the Federal Reserve's mission to introduce the hundred-dollar bill.
This time, a printing error called "mashing" – when too much ink is applied to the paper – has rendered 30 million bills totally useless, a spokesperson for the Bureau of Engraving and Printing (BEP) confirmed to the New Yorker's David Wolman.
- Watch: New $100 Bills Destroyed After Printing Mistake
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The United States will put a redesigned $100 bill, including an array of cutting-edge security features, in circulation in October, the Federal Reserve said Wednesday.
The new $100 bill was supposed to have entered circulation in February 2011. But the release was delayed by production problems, notably creasing of the paper during printing.
The Fed said the redesigned bill will begin circulating on October 8.
"This note, which incorporates new security features such as a blue, 3-D security ribbon, will be easier for the public to authenticate but more difficult for counterfeiters to replicate," the central bank said.
A portrait of Benjamin Franklin, a founding father of the United States, will remain on the note in its new incarnation, as specified under US money rules since 1928.
To the right of the Franklin portrait, the bill features a blue, vertical 3-D security ribbon that has images of bells and the number 100 that move when the note is tilted. An image of a bell inside an inkwell changes color from copper to green.
Other security measures include a portrait watermark, an embedded security thread and microprinting, miniscule printed words on the bill. http://www.newsdaily.com/article/fa48a4806e305a4f61757b33ba17695b/n...
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