New $100 bills finally hit the street
Government shutdown or not, it’s all about the Benjamins this week. Starting Tuesday, the Federal Reserve will start distributing the long-delayed new $100 bills to banks.
Since the central bank isn’t funded via Congressional appropriations, there won’t be any further delays distributing the new bills, even with the shutdown dragging into its second week.
The new $100 is the bill’s first redesign since 1996, when Ben Franklin’s head got bigger and a watermark was added. The design was announced in 2010 and is intended to thwart counterfeiters with bells and whistles like a 3-D blue security ribbon, ink that changes color from copper to green, and gold “100s” on the front and back.
The colorful new design also has thrilled collectors of paper money, some of whom are willing to pay big bucks for new bills with unusual serial numbers. But these new features are harder to manufacture, leading to production delays that pushed back the bill’s debut by two years.
http://www.nbcnews.com/business/new-100-bills-finally-hit-street-8C11352260
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