Posted on 10/08/2013 5:34:49 PM PDT by re_tail20
The revamped $100 bill costs 12.5 cents to produce — a 60% increase over the 7.8 cents it cost to print the older version of the bill. The government has printed 3.5 billion of the new $100 bills, which it began delivering to financial institutions Tuesday. How soon customers will see the new bills depends on their distance from a regional Fed office, demand, and a few other factors.
Among the reasons it’s more expensive than the older currency: Its new security features, which help prevent counterfeiting. For one, there’s a blue 3-D ribbon running through the center of the bill. When you tilt the bill back and forth, the bell designs that are embedded in the ribbon change to 100s. Another major feature is an image of a bell in an inkwell; when tilted, the bell seems to appear and disappear into the inkwell. “We are raising the bar for counterfeiters,” says Sonja Danburg, the program manager for U.S. currency education at the Federal Reserve Board.
(Excerpt) Read more at marketwatch.com ...
When will they do something for blind people on the bills?
I was wondering when someone was going call out the Fed as the world’s biggest counterfeiter (true!).
Not only does the Fed counterfeit, it has the gall to charge the people of the US interest on their bogus bills. The Federal Reserve Act is the biggest scam in the history of the world!
“...new security features, which help prevent counterfeiting...”
They’re clearly a work of art, even by museum standards, but dollars to donuts it won’t stop would-be counterfeiters from trying, especially the government of North Korea.
Supposedly, the NorK counterfeits are laundered through Hong Kong casinos, with the blessing of China.
Why bother? It’s not worth anything anymore anyways.
That broken blue tape placement is kewel.
Well if it prevents counterfeiting it’s well worth the cost.
There is one small problem. All federal reserve notes regardless of their age are legal tender. If a person was so inclined they could produce a bunch of 1969 $100 bills before they had micro printing, watermarks, and security threads.
Bingo! At 12.5 cents per. I’ll take... all I can buy.
If only.
Let’s go with a coin then. Isn’t that the whole idea of coins, to save money. And gee, maybe it could be made out of actual gold and not some cheap and a not very reasonable facsimile of.
He was one of the most extraordinary human beings the world has ever known. Born into the family of a Boston candle maker, Benjamin Franklin became the most famous American of his time. He helped found a new nation and defined the American character. Writer, inventor, diplomat, businessman, musician, scientist, humorist, civic leader, international celebrity . . . genius!
There is one small problem. All federal reserve notes regardless of their age are legal tender. If a person was so inclined they could produce a bunch of 1969 $100 bills before they had micro printing, watermarks, and security threads.
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I’m anticipating a forced exchange to the new bills ,, if for nothing else then to screw with everyone that got their money out of the USA.
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