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Print 21 comment(s) - last by raddude9.. on May 17 at 10:40 AM

Printing delays dragged the circulation date til Fall 2013

A new $100 bill -- which will offer advanced security features -- will finally begin circulating this October.

The new bill will have enhanced security feautures, such as A three-dimensional, blue security ribbon. The idea is to make the bill easier to authenticate, but more difficult for counterfeiters to recreate.


The $100 bill was originally introduced in 2010, but circulation was delayed due to a malfunction in the printing process. 

The bill will officially start circulating on October 8, 2013. 

Source: New Money



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already obsolete
By grant3 on 4/25/2013 3:02:23 PM , Rating: 2
USA should be using polymer (plastic) currency. It's been circulated Australia for 25 years already: a proven technology.

The claim is introduction of polymer currency has reduced counterfeiting by 90%.




RE: already obsolete
By chmilz on 4/25/2013 3:05:37 PM , Rating: 1
If the US was really interested in keeping up, they'd have adopted the metric and centigrade systems when the entire rest of the world did. Or at least offer competitively priced internet and wireless.


RE: already obsolete
By Azethoth on 4/30/2013 10:28:51 PM , Rating: 2
We also did not adopt the decimal time system. Whatever will we do, forced to live in a world of 60 seconds, 60 minutes, 24 hours, 7 days, 12 months, 365 days +/- minus weird fudge factors.


RE: already obsolete
By MadMacMan on 5/4/2013 5:44:00 AM , Rating: 2
That's what I love about the U.S. It doesn't matter what the ENTIRE world does. We will do what we will do. Period. And I grew up overseas, so I know both sides of that coin. Another good example is soccer. You might catch a game on ESPN3, or whatever the lowest number ESPN channel is these days. It's the single most boring sport to watch.


RE: already obsolete
By Reclaimer77 on 4/25/2013 4:41:49 PM , Rating: 4
Austrailia probably isn't printing trillions of dollars every year either.

Counterfeiting? Considering how we're basically doing that on the national level, and driving the value of our currency down intentionally, that's the least of our problems.


RE: already obsolete
By Guspaz on 5/2/2013 11:13:18 AM , Rating: 2
The estimate for the total amount of currency in circulation is only ~$4.5 trillion, so the US isn't printing trillions of dollars a year either.

Considering that Australia's polymer substrate (and other substrates like it) are used in many different countries, it's likely that the volume of polymer currency being printed worldwide exceeds that of the US dollar. I'm not sure what your argument is, though, since polymer bills are likely much more secure from counterfeiting than the US' paper money.


RE: already obsolete
By mindless1 on 5/5/2013 3:04:54 PM , Rating: 2
If the US government can spend money like it's not real, what makes it so much worse if a counterfeiter does it?

IMO, it's irrelevant in the bigger picture. Large pro organizations doing counterfeiting can still make a passable polymer bill and if anything when you change the currency that is an opportunity for counterfeiters to sweep the nation with fake bills because people aren't yet familiar enough with the new currency format and just assume what they see is what it is supposed to look like.


RE: already obsolete
By HostileEffect on 4/26/2013 1:22:21 AM , Rating: 3
People will simply counterfeit the old bills, even stuff from the 1970s is still in circulation.


RE: already obsolete
By Flunk on 4/26/2013 8:56:00 AM , Rating: 2
Paper money doesn't generally last that long and they can just take it out of circulation when the new bills show up.


RE: already obsolete
By Jedi2155 on 4/27/2013 3:35:05 PM , Rating: 2
Thus the counter-argument to plastic is once they figure out how to counterfeit them, it'll be much harder to take them off the street since they don't wear out so quickly.


RE: already obsolete
By Guspaz on 5/2/2013 11:18:42 AM , Rating: 2
Not really, when the government decides they want to withdraw something from circulation, like when they replaced the dollar bill with the loonie, or the two dollar bill with the toonie, it happened pretty damned fast. When they decide to do something like this, any discontinued bill that reaches any bank gets sent in to be destroyed and is replaced by the new currency. Considering that most paper money passes through banks pretty quickly (if you spend it, the business deposits it usually pretty fast), the majority of the discontinued bills disappear PDQ.


RE: already obsolete
By Flunk on 4/26/2013 9:00:54 AM , Rating: 2
The US is always behind the rest of the world in currency techology. They generally let others test things out before moving to them.

This bill has all the same security features Canadian bills had 10 years ago and now we're moving on to polymer bills. I expect the UK is already talking about switching. The rest of Europe will probably follow shortly. The US will have them in about 10 years I assume.


RE: already obsolete
By cyberguyz on 4/29/2013 2:37:04 PM , Rating: 2
Canada is in the process of rolling out the 'plastic money'.

Personally I am not too fond of it :

1. Does not crease as readily as rag-based money. I like to fold my bills with the face side out. This is not so easy to do with poly-money.

2. Since the bills don't crease easily they also don't wrinkle so easy. You have to be really a lot more careful not to hand out two (or more) bills stuck together. You need pretty sticky fingers to separate them. Get used to 'flicking' your bills between your fingers to make sure you don't overpay (more than normal) for that starbuck's coffee.

3. Polymer bills are really, really thin. It is not as easy as rag-based money to feel that you have more than one bill in your hand. Rag based money is thicker and when more than one bill is stacked, the difference in thickness is easier to detect by feel alone -- a must for those that are sight-challenged.


RE: already obsolete
By raddude9 on 5/17/2013 10:40:31 AM , Rating: 2
Sure, yea, how about doing something about the penny first. It costs 2.4 cents to make one for frick's sake:
http://en.wikipedia.org/wiki/Penny_debate_in_the_U...


Need to change bill sizes
By woody1 on 4/27/2013 5:02:16 PM , Rating: 2
The US really needs to start issuing bills in different sizes and colors, as most countries do. This makes it easier to distinguish the different denominations. Likewise, the US really needs well-designed $1 and $5 coins. Coins are great when you want to just pull one out of your pocket instead of rifling through your wallet to find the right piece of paper money.

The problem with existing coins is that every $1 coin has been poorly designed so that it's easy to mistake for a quarter or a half-dollar (although those have disappeared). A nice hefty $5 coin or maybe a $2 coin would be very handy.




RE: Need to change bill sizes
By Guspaz on 5/2/2013 11:19:34 AM , Rating: 2
Different sizes help you differentiate multiple bills, but isn't a good way to tell which bill you're holding in isolation. Tactile systems handle that part.

Colour, though, agreed.


RE: Need to change bill sizes
By havoti97 on 5/2/2013 9:12:55 PM , Rating: 2
We should also incorporate Braille on money so blind people can use it. And don't forget to print money in Spanish so Latinos can use it. I'm sure California would overwhelming approve those two measures if they had a say in it.


RE: Need to change bill sizes
By 91TTZ on 5/15/2013 3:56:45 PM , Rating: 2
Also, the bills should be rainbows to promote LGBT activism. Also, replace Ben Franklin with Harvey Milk.


Time to get rid of cash.
By Martlark on 4/26/2013 4:24:40 AM , Rating: 1
$100 bills seem to be mostly used by druggies and tax avoiders. Withdraw all bills over $10 and after a few years declare all those bills worthless to gather in the cash economy skivers.




RE: Time to get rid of cash.
By Guspaz on 5/2/2013 11:15:28 AM , Rating: 3
Considering that the $20 is (at least here in Canada) the most popular denomination by a massively overwhelming margin, withdrawing everything over $10 seems silly.


RFID?
By Ammohunt on 4/25/2013 2:05:14 PM , Rating: 2
Does the new bill contain an RFID chip so that the amount of money you are carrying can be determined remotely?




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