In the midst of the current government shutdown, the release of the new $100 has been an interesting event. The newly designed currency has been given a facelift. This facelift will hopefully help with security and reduce the risk of counterfeiting. In the past, paper money has been notoriously easy to counterfeit. But the new look has more security features built into it. Changes have been made in the way that it looks as well as the way that it feels.
For people who fear that major changes were being made, relax. Good old Benjamin Franklin is still on the bill. However, one of the most notable differences is the color change. Changes include a blue strip woven directly in the design just to the left of Ben. Another big change is the copper colored inkwell that contains a bell that changes hues. The watermark of Ben’s face has also been changed into a more simple design. The quill is a new addition as well. The Federal Reserve Board had it placed on the bill as a nod to the pen used by our founding fathers when signing the Constitution all those years ago.
Raised printing is another feature to this overhaul. This engraving process contributes to the whole new feel of the bill. Texture changes aren’t just a cool new gadget, they are also built-in security features. Many dollars have been spent on the re-design and the new look. In recent years, the fight against counterfeiting has led to changes in all of the currency. But according to the newmoney.gov website, the best line of defense is actually the American public.
And don’t panic – the new design doesn’t mean that the currency you use now is obsolete. All money printed by the Federal Reserve is still valid regardless of when it was printed. However, if you have damaged coins or paper bills, it might be a good idea to trade it in for a newer version. Many places won’t take damaged money at all, and some policies differ as to what constitutes damage. When in doubt, consult your banking institution, they can often answer questions.
The newly designed $100 hasn’t had an overhaul since 1996. The money will be directly released from the Reserve to banking institutions. This means the next time you go to the bank and ask for a $100, chances are you’ll be getting a crisp new one!