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 Replies: 40 / Views: 5,701 |
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Pillar of the Community
United States
2168 Posts |
Yes funny. the new 100s still aren't out there due to the printing press issues. To be honest I think a cashless society is the real goal. Seems every govt pmt etc is either direct deposit or some type of debit card. I think we should all have cash in case power and/or computer systems malfunction. Just my thoughts. I recall stories of people without cash during Katrina and that was before much of the mandatory cashless payments
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Pillar of the Community
United States
1397 Posts |
Quote:
Would be nice to see the Government recall all of the old $ 100.00 bills and you have to take them to a Bank. You are posting in the currency forum so you will probably find a lot of people here that would have a problem with it being mandatory to have to surrender their collectible currency for destruction. Fortunately our country hasn't degraded to that point yet. |
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Pillar of the Community
United States
1358 Posts |
^^ It's done it before with the gold certificates.. horrible
I suppose the worst they could do is demonetize the older hundreds.. If they don't, they'll still circulate and people can still counterfeit them..
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Pillar of the Community
979 Posts |
hey angel2004 you are right they said it would take 30+ years to take all the defective notes out by hand so they decided to make a machine that can do it in a year.
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Pillar of the Community
United States
1397 Posts |
Quote:
I suppose the worst they could do is demonetize the older hundreds.. If they don't, they'll still circulate and people can still counterfeit them. Removing a note from circulation doesn't stop people from printing more of them. It may however make people take notice of the older note being circulated since people generally do believe older notes are counterfeits. I have seen that over and over with my employees when they mark up a silver certificate with "the pen". |
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Valued Member
United States
100 Posts |
darn that "pen"  |
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Pillar of the Community
United States
2168 Posts |
Oh is there a machine now to separate
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Pillar of the Community
979 Posts |
angel2004 they said they are going to make one as it will take 1 year or less to sort through all the error bills and it would take a person 20-30 years to do the same thing.
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Pillar of the Community
United States
2168 Posts |
I really wonder what caused all the misprints and why it wasn't noticed sooner.
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Pillar of the Community
United States
1397 Posts |
Quote:
I really wonder what caused all the misprints and why it wasn't noticed sooner. Here is a picture taken at the BEP while those notes were busily being printed... not sure why they have so many errors...  |
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Pillar of the Community
United States
2168 Posts |
Ha ha probably not too far from the truth!
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Pillar of the Community
979 Posts |
they said the errors were caused by the 2 new security features they have implemented. they are the inkwell and the woven strip on the right side of the bill.
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Pillar of the Community
United States
2168 Posts |
The current 100s have a metal strip already. Will slightly attract a magnet. The other refashioned bills have the strip. I think the new 100 has something on Franklin that is raised from what I remember reading. It just seems so weird that there were no inspections During the printing process
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Pillar of the Community
United States
1397 Posts |
Quote:
The current 100s have a metal strip already. Will slightly attract a magnet. Notes are printed with magnetic ink so all notes are attracted to magnets even the ones without the strips. |
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Pillar of the Community
United States
2168 Posts |
Maybe so but in addition to that the $100 has a metal strip that is not visible (like the new 10s 20s etc). It is on the right side of the bill looking at it face up
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Posted 10/22/2011 10:23 am
