$100 Bill Gets Money Makeover, Will Be Released Tuesday
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MIAMI (CBSMiami) – The new $100 bill with special security features enters circulation Tuesday but they may be a bit hard to find as collectors snap them up.
The Miami Branch of the Federal Reserve Bank of Atlanta unveiled the newly redesigned $100 bill on Monday before they begin circulation.
The new bill has several new security features designed to make it 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 a dark oval.
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.
The government has redesigned the $5, $10, $20 and $50 bills during the last decade to add security features. The $1 remains the only bill not to get a makeover.