Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

New $100 bill costs 60% more to produce - The latest anti-counterfeiting measures donít come cheap
Market Watch ^ | October 8, 2013 | Catey Hill

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 ...


TOPICS: Business/Economy
KEYWORDS: 100bill

1 posted on 10/08/2013 5:34:50 PM PDT by re_tail20
[ Post Reply | Private Reply | View Replies]

To: re_tail20

I have read the main problem is with countries like North Korea and Iran who produce bills so good that they can only be detected by serial number.


2 posted on 10/08/2013 5:39:42 PM PDT by yarddog (Romans 8: verses 38 and 39. "For I am persuaded".)
[ Post Reply | Private Reply | To 1 | View Replies]

To: re_tail20
I can see where this would be very hard to duplicate.


3 posted on 10/08/2013 5:50:01 PM PDT by Hodar (A man can fail many times, but he isn't a failure until he begins to blame somebody else.- Burroughs)
[ Post Reply | Private Reply | To 1 | View Replies]

To: yarddog

Why wouldn’t North Korea, Iran and anyone else do it? Seriously, why not?

It’s BILLIONs if not virtually unlimited income for them; and the US is too timid, politically correct and cowardly to do anything about it. The current administration is turning a blind-eye to what is basically a declaration of war against us; which is essentially the same thing as encouraging them to continue.

Whereas, if we leveled the factory, the city in which it resides and the capital of the country and said “knock it off, or we will utterly destroy you”, at least they would understand that there are consequences.

When someone declares war against you, giving them BILLIONS in aid, while ignoring their activities does not show strength - it shows a craven weakness.


4 posted on 10/08/2013 5:57:43 PM PDT by Hodar (A man can fail many times, but he isn't a failure until he begins to blame somebody else.- Burroughs)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Hodar

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.


5 posted on 10/08/2013 5:59:06 PM PDT by LukeL (Barack Obama: Jimmy Carter 2 Electric Boogaloo)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Hodar

I remember one year not long ago where the number one recipient of U.S. aid was North Korea. We were supposedly bribing them not to make nuclear weapons.

Absolute insanity.


6 posted on 10/08/2013 6:00:45 PM PDT by yarddog (Romans 8: verses 38 and 39. "For I am persuaded".)
[ Post Reply | Private Reply | To 4 | View Replies]

To: re_tail20

Everyone talks about getting rid of the penny but we should really get rid of the $100 bill. Obviously they are expensive to produce and in an era when most financial transactions (especially larger ones) are done with plastic they seems a bit foolish.


7 posted on 10/08/2013 6:05:12 PM PDT by Straight Vermonter (Posting from deep behind the Maple Curtain)
[ Post Reply | Private Reply | To 1 | View Replies]

To: re_tail20

Like it matters what a 100 looks like any more. The damn thing ain’t going to be worth a penny quite shortly.


8 posted on 10/08/2013 6:06:29 PM PDT by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: LukeL
If a person was so inclined they could produce a bunch of 1969 $100 bills before they had micro printing, watermarks, and security threads.

Then they just need to find someone who will accept them.

9 posted on 10/08/2013 6:07:00 PM PDT by Straight Vermonter (Posting from deep behind the Maple Curtain)
[ Post Reply | Private Reply | To 5 | View Replies]

To: re_tail20

“We are raising the bar for counterfeiters,” says Sonja Danburg, the program manager for U.S. currency education at the Federal Reserve Board.

The Federal Reserve Corporation is the BIGGEST COUNTERFEITER on the Planet, to the tune of around 5% EVERY YEAR, but that number is growing rapidly, which makes this somewhat laughable.


10 posted on 10/08/2013 6:08:31 PM PDT by eyeamok
[ Post Reply | Private Reply | To 1 | View Replies]

To: Straight Vermonter

Get a bill reader and test out your work at home, when successful go to a casino place them in slot machine, play for a while and cash out with real money. Casinos are used to launder money by a lot of people anyways.


11 posted on 10/08/2013 6:09:23 PM PDT by LukeL (Barack Obama: Jimmy Carter 2 Electric Boogaloo)
[ Post Reply | Private Reply | To 9 | View Replies]

To: re_tail20; a fool in paradise

We should outsource the production to the Norks (Pyongyang) - they’ve got all the expertise and need work.


12 posted on 10/08/2013 6:10:59 PM PDT by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: re_tail20; a fool in paradise

We should outsource the production to the Norks (Pyongyang) - they’ve got all the expertise and need work.


13 posted on 10/08/2013 6:11:09 PM PDT by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: re_tail20

We need a ten thousand dollar bill. Euros come in larger denominations than dollars, like a thousand euros. This means that smugglers and money launderers use Euros instead of dollars, because it takes up less space and is more convenient. If we made a ten thousand dollar bill, then the money laundering business would come here.


14 posted on 10/08/2013 6:13:23 PM PDT by Vince Ferrer
[ Post Reply | Private Reply | To 1 | View Replies]

To: re_tail20

I don’t know if it’s true but I’ve read that half of the $100 bills currently in “circulation” outside of the US are counterfeit.If that’s even *close* to being correct that’s a serious situation.I’ve seen it claimed that polymer notes are much harder to counterfeit than are paper ones.If *that’s* true it might be worth considering.


15 posted on 10/08/2013 6:14:09 PM PDT by Gay State Conservative (Osama Obama Care: A Religion That Will Have You On Your Knees!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Straight Vermonter
"If a person was so inclined they could produce a bunch of 1969 $100 bills before they had micro printing, watermarks, and security threads."

"Then they just need to find someone who will accept them."

True. Every once in a while I'll get an "old-style" bill. It really stands out. If someone handed me a bunch of 1969 $100s, I'd look at them VERY closely.

16 posted on 10/08/2013 6:16:28 PM PDT by boop ("You don't look so bad, here's another")
[ Post Reply | Private Reply | To 9 | View Replies]

To: LukeL

Do they really have $100 slots??? Wow!

I can’t imagine dropping $100 that way.


17 posted on 10/08/2013 6:19:52 PM PDT by Straight Vermonter (Posting from deep behind the Maple Curtain)
[ Post Reply | Private Reply | To 11 | View Replies]

To: re_tail20; Revolting cat!

They cost 60% more but when you realize that they last twice as long that’s virtual savings!!! < /s >

Oh well, someone’s cousin got the patent and the printing contract.


18 posted on 10/08/2013 6:22:24 PM PDT by a fool in paradise (America 2013 - STUCK ON STUPID)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Straight Vermonter

No worries. With Yellen coming in as the new Fed Chair, the $100 bill will soon be the new penny.


19 posted on 10/08/2013 6:22:36 PM PDT by Rusty0604
[ Post Reply | Private Reply | To 7 | View Replies]

To: Lazamataz

see posts 7 and 19


20 posted on 10/08/2013 6:24:29 PM PDT by Rusty0604
[ Post Reply | Private Reply | To 8 | View Replies]

To: re_tail20

When will they do something for blind people on the bills?


21 posted on 10/08/2013 6:26:41 PM PDT by eartrumpet
[ Post Reply | Private Reply | To 1 | View Replies]

To: eyeamok

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!


22 posted on 10/08/2013 6:37:58 PM PDT by bkopto (Obama and Biden are merely symptoms of a more profound, systemic disease in American body politic.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: re_tail20

“...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.


23 posted on 10/08/2013 6:44:10 PM PDT by Jack Hammer (American)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Straight Vermonter

Supposedly, the NorK counterfeits are laundered through Hong Kong casinos, with the blessing of China.


24 posted on 10/08/2013 7:07:49 PM PDT by kitchen (Make plans and prepare. You'll never have trouble if you're ready for it. - TR)
[ Post Reply | Private Reply | To 9 | View Replies]

To: re_tail20

Why bother? It’s not worth anything anymore anyways.


25 posted on 10/08/2013 7:56:51 PM PDT by mykroar (China and Russia are playing chess while Obamas's playing 52 card pick-up.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Hodar

That broken blue tape placement is kewel.


26 posted on 10/08/2013 8:21:08 PM PDT by Vendome (Don't take life so seriously-you won't live through it anyway-Enjoy Yourself ala Louis Prima)
[ Post Reply | Private Reply | To 3 | View Replies]

To: re_tail20

Well if it prevents counterfeiting it’s well worth the cost.


27 posted on 10/08/2013 8:43:25 PM PDT by BBell (The Blue Dog is Stupid)
[ Post Reply | Private Reply | To 1 | View Replies]

To: LukeL

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.


28 posted on 10/08/2013 9:01:21 PM PDT by logitech (It is time.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: re_tail20

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.


29 posted on 10/08/2013 9:24:04 PM PDT by AFreeBird
[ Post Reply | Private Reply | To 1 | View Replies]

To: re_tail20

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!

30 posted on 10/08/2013 9:35:05 PM PDT by Liberty Valance (Keep a simple manner for a happy life :o)
[ Post Reply | Private Reply | To 1 | View Replies]

To: re_tail20
The US Treasury probably outsourced the new $100 to China and the Chinese outsourced them to North Korea. It's only fair that Bam Bam helps his “comrades”.
31 posted on 10/08/2013 11:46:34 PM PDT by MasterGunner01
[ Post Reply | Private Reply | To 1 | View Replies]

To: LukeL

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.
*********************************
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.


32 posted on 10/09/2013 4:12:18 AM PDT by Neidermeyer (I used to be disgusted , now I try to be amused.)
[ Post Reply | Private Reply | To 5 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson