Ben Franklin's money makeover: fun facts about new US $100 bill - New York News

Ben Franklin's money makeover: fun facts about new US $100 bill

Updated:
By newmoney.gov. This is the new $100 bill issued on Tuesday. By newmoney.gov. This is the new $100 bill issued on Tuesday.

By: Jamshid Ghazi Askar, Deseret News

It's several years behind schedule, but as of Tuesday the new U.S. $100 bill has finally made its way into general circulation - and the redesigned currency carries with it a bevy of interesting factoids and brand-new features. To wit:

“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.” (Chris Isidore, via CNN Money)

“The Fed has stockpiled 3.5 billion new $100 bills at its 28 reserve bank cash offices. They will circulate them among the 9,000 banks they do business with directly starting Tuesday. … About half to two-thirds of Benjamins are held internationally. The Federal Reserve is overseeing the introduction of the new bill and targeting much of its messaging to foreign countries. Judging from the list of languages its marketing materials are translated into, major holders of hundreds include Azerbaijan, Russia, Vietnam, Indonesia and Korea.” (Ylan Q. Mui, via Washington Post)

“The (new) $100 note is more expensive to print than the last version - 12.6 cents per bill vs. 7.8 cents for the older style - but it's designed to be harder to counterfeit and easier to authenticate. The hundred note still features Ben Franklin on the front and Independence Hall on the back, along with more colorful illustrations and hidden text and pictograms that reveal themselves only under certain conditions.” (Mark Glassman, via Bloomberg Businessweek)

“The note, which debuts (Tuesday), includes two new features to thwart counterfeiters: (1) a ‘3-D' blue ribbon woven into the paper that, when tilted, shows 100s moving side-to-side or up-and-down; and (2) a camouflaged bell, seen within the copper inkwell, that turns green when the bill is tilted.” (Derek Thompson, via The Atlantic)

"For the first time, the engraving process includes the effect of ‘raised printing.’ This effect ‘can be felt throughout the $100 note, and gives genuine U.S. currency its distinctive texture,’ a government website on the design changes says." (USA Today)


Original Post

Copyright 2013 Deseret Digital Media, Inc.

  • Local NewsLocal NewsMore>>

  • August 23, 2014

    Staten Island march traffic and transit advisory

    Staten Island march traffic and transit advisory

    Friday, August 22 2014 3:07 PM EDT2014-08-22 19:07:48 GMT
    The NYPD and the MTA have announced road and transit changes for Staten Island that will be in effect on Saturday, August 23, 2014, due to the scheduled rally in honor of Eric Garner, the Staten Island man who died during an arrest.
    The NYPD and the MTA have announced road and transit changes for Staten Island that will be in effect on Saturday, August 23, 2014, due to the scheduled rally in honor of Eric Garner, the Staten Island man who died during an arrest.
  • 1990 arson-murder rap tossed, Queens man is set free

    1990 arson-murder rap tossed, Queens man is set free

    A former New York businessman whose arson-murder conviction was overturned in the death of his daughter was freed from prison Friday after 24 years behind bars, following a judge's ruling that the case against him had been based on now-debunked arson science.
    A former New York businessman whose arson-murder conviction was overturned in the death of his daughter was freed from prison Friday after 24 years behind bars, following a judge's ruling that the case against him had been based on now-debunked arson science.
  • Sanitation men nearly throw away mayor's piano

    Sanitation men nearly throw away mayor's piano

    Friday, August 22 2014 1:39 PM EDT2014-08-22 17:39:56 GMT
    A piano donated by Jersey City Mayor Steve Fulop nearly ended up pushing up daises in a landfill instead of making music in a pedestrian plaza. Fulop gave the upright so residents could play tunes in a pedestrian plaza that opened on Monday.
    A piano donated by Jersey City Mayor Steve Fulop nearly ended up pushing up daises in a landfill instead of making music in a pedestrian plaza. Fulop gave the upright so residents could play tunes in a pedestrian plaza that opened on Monday.

Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices