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New $100 bills
The Federal Reserve announced this week that the US government on October 8 will begin releasing new $100 bills that contain several new high-tech security features designed to thwart counterfeiting.
The new bills were originally scheduled to hit the streets on February 11, 2011, but a major glitch caused creases and blank areas in many bills, making them unusable.
The total cost of printing the bills is estimated at $120 million — not including the re-sorting costs. The damaged money will have to be destroyed. No wonder Ben Franklin isn't smiling.
Here's a look at the new $100 bills and the security features embedded in them.
The first security feature that we'll look at is the blue security strip to the right of Benjamin Franklin. The woven (not printed) strip contains alternating lines of "100" and Liberty Bells. When you move the bill up and down or side to side, the columns will move.