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New High Tech $100 Bills Start To Circulate Today
Hugh Pickens DOT Com writes "New $100 bills made their debut today in the U.S. They include high tech features designed to make it easier for the public to authenticate but more difficult for counterfeiters to replicate. Those measures include a blue, 3-D security ribbon, as well as color-shifting ink that changes from copper to green when the note is tilted (PDF). That ink can be found on a large '100' on the back of the bill, on one of the '100's' on the front, and on a new image of an ink well that's also on the front. 'The $100 is the highest value denomination that we issue, and it circulates broadly around the world,' says Michael Lambert, assistant director for cash at the Federal Reserve Board. 'Therefore, we took the necessary time to develop advanced security features that are easy for the public to use in everyday transactions, but difficult for counterfeiters to replicate.' The bill was originally due 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 printing, which left blank spaces on the bills. This led the Feds to shred more than 30 million of the bills in 2012. 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 $1 and $2 bill, all U.S. paper currency has been redesigned in the last 10 years to combat counterfeiting."
That's why forgers have found ways to "age" their bills. It works a bit like aging jeans to give them that appealing "ruggedly used" look.
Yes, "laundering money" gets a whole new meaning that way.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
No, you could go to any Federally Charted bank and get Silver Dollars (which at that time were in fact silver).
You didn't need a truckload, you could do it bill by bill. Only after 1968 did they abrogate the promise
of silver. This was preceded by a years notice, and was sort of a big deal at the time.
I distinctly remember many people gathering silver certificates and turning them in for silver granules.
This they thought was a hedge against inflation. Shortly after 1968, the price of silver crashed, and many sold at a loss.
By 78, silver had doubled from its 68 price, and by 88, it had risen ten fold.
It was only the bills marked Hawaii and North Africa that cold be canceled upon invasion.
Sig Battery depleted. Reverting to safe mode.