New $100 Bill to Debut Tuesday

New $100 Bill to Debut Tuesday

Posted: Updated:

The new $100 bill will make its debut Tuesday, several years later than originally planned.

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.

The bill's belated debut has nothing to do with the government shutdown, since the Fed's budget is not included in the current congressional appropriations stalemate.

The new bill has several 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. 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 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.

The $100 bill is actually the second most common bill in circulation, behind only the $1 bill. It's actually slightly more common than the $20 bill.

The most recent statistics from the Fed show that as of Dec. 31, there were 10.3 billion $1 bills, in circulation, 8.6 billion $100 bills and 7.4 billion $20 bills, followed by $5's, $10's, $50's and $2's. A little more than 75% of the more than $1 trillion of currency in circulation is in $100 bills. Much of it is held outside the United States.

The current design for the $100, in circulation since 1996, as well as all previous designs, will still be legal tender, and will likely still be given out to customers by banks for some time to come. But the when banks request $100 bills from the Federal Reserve, they'll only receive the new design starting Tuesday.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Vigor Faculty Takes Down Attempted Shooter

    Vigor Faculty Takes Down Attempted Shooter

    Wednesday, August 27 2014 11:18 PM EDT2014-08-28 03:18:57 GMT
    An argument at Vigor high school ended with one student pulling a gun on another.
    An argument at Vigor high school ended with one student pulling a gun on another.
  • Operation Button Pusher

    Operation Button Pusher

    Wednesday, August 27 2014 11:14 AM EDT2014-08-27 15:14:28 GMT

    Three-year joint drug investigation in Baldwin County ends with 24 people arrested and sentenced to federal prison

    Three-year joint drug investigation in Baldwin County ends with 24 people arrested and sentenced to federal prison

  • Student Pulls Gun On Another Student

    Student Pulls Gun On Another Student

    Wednesday, August 27 2014 1:35 PM EDT2014-08-27 17:35:18 GMT
    DEVELOPING STORY: Prichard police say a 14-year-old student took a gun to Vigor High School and pulled it on another student during a fight. Police say the student tried to fire the gun twice, but school leaders stepped in before anyone was hurt. It is not clear at this time if the gun was working or if the safety was on. Students told News 5's Avery Cotton the fight happened in the hallway and chaos erupted.This all happened around 10:15 A.M. News 5 obtained exclusive video of a school leade...
    DEVELOPING STORY: Prichard police say a 14-year-old student took a gun to Vigor High School and pulled it on another student during a fight. Police say the student tried to fire the gun twice, but school leaders stepped in before anyone was hurt. It is not clear at this time if the gun was working or if the safety was on. Students told News 5's Avery Cotton the fight happened in the hallway and chaos erupted.This all happened around 10:15 A.M. News 5 obtained exclusive video of a school leade...
Powered by WorldNow

555 Broadcast Dr,
Mobile AL 36606

Telephone: 251.479.5555
Fax: 251.473.8130
Email: news5@wkrg.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.