Coming to Your Cash Register: the New $100 Bill
The U.S. government revealed the new Benjamin last week Wednesday. But the earliest that merchants can see it hit their cash registers will be February of 2011.
“As with previous U.S. currency redesigns, this note incorporates the best technology available to ensure we’re staying ahead of counterfeiters,” said Secretary of the Treasury Tim Geithner.
Here are some of the security features on the bill to minimize fake money that might come your way.
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3-D security ribbon: The blue 3-D Security Ribbon on the front of the new $100 note contains images of bells and 100s that move and change from one to the other as you tilt the note.
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Liberty Bell in the inkwell: The bell changes color from copper to green when the note is tilted, an effect that makes it seem to appear and disappear within the copper inkwell
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Benjamin Franklin portrait watermark
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The orange 100 changes color
The security features make it easier for cashiers and merchants to authenticate currency. “The $100 is the highest value denomination that we issue, and it circulates broadly around the world,” said 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.”
At the same time of the announcement, some manufacturers of counterfeit money detection systems, like DriMark Products, announced upgrades. DriMark has added ultraviolet light pens that reveal micro-printed stripes widely used in the new money.
Rosie Rios, Treasurer of the United States, declared that an important resource in combating counterfeiting, “is the effectiveness of consumer education initiatives that urge merchants and customers to examine the security features on the notes they receive."
Sources: NewMoney.gov, The Week, PRNewswire (DriMark)
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