Behind the scenes with the next-gen $100 bill

[irishScott]

How is the new bill going to keep people from counterfeiting the old bill?

It's a smart-bill. If you try to counterfeit it it gives you AIDS.

 

[Slick5150]

The word 'paper' appears in the article 6 times, including


FYI, just because something isn't made from a tree doesn't mean it isn't paper. Paper can be made from cotton fiber, among other materials.

It's commonly referred to as "paper money" as opposed to coin, but that doesn't mean it's made of paper. If you want to refer to your shirt as being made out of paper too, then ok, but otherwise no, currency is printed on paper.

 

[GodlessAstronomer]

It's commonly referred to as "paper money" as opposed to coin, but that doesn't mean it's made of paper. If you want to refer to your shirt as being made out of paper too, then ok, but otherwise no, currency is printed on paper.

Umm, maybe you want to look up the definition of 'paper'? Because I don't think it means what you think it means.

 

[arkcom]

The word 'paper' appears in the article 6 times, including


FYI, just because something isn't made from a tree doesn't mean it isn't paper. Paper can be made from cotton fiber, among other materials.

"1. A material made of cellulose pulp, derived mainly from wood, rags, and certain grasses, processed into flexible sheets or rolls by deposit from an aqueous suspension, and used chiefly for writing, printing, drawing, wrapping, and covering walls."

Cotton is not a cellulose pulp.

 

[GodlessAstronomer]

"1. A material made of cellulose pulp, derived mainly from wood, rags, and certain grasses, processed into flexible sheets or rolls by deposit from an aqueous suspension, and used chiefly for writing, printing, drawing, wrapping, and covering walls."

Cotton is not a cellulose pulp

Really?

About 33 percent of all plant matter is cellulose (the cellulose content of cotton is 90 percent and that of wood is 40-50 percent).

http://en.wikipedia.org/wiki/Cellulose

Derp.

 

[arkcom]

Really?
http://en.wikipedia.org/wiki/Cellulose

Derp.

Lol. Well, it's still not a cellulose pulp... until you add an aqueous solution. Wait, that's not very redeeming....

 

[FuzzyBee]

You've completely missed the point.

As the old bills are taken out of circulation by the banks, they become rare. Hence, they get flagged and checked far more frequently, and counterfeits are spotted with much greater frequency, and are able to then be traced back to the point of origin.

I believe you are the point-misser. Old bills have been taken out of circulation already when we introduced the "old" new bills. There are still many, many of the "very old" bills being used today.

I dare say an "old" $20 or $100 bill is nowhere near "rare", and won't be for some time.

 

[RocksteadyDotNet]

You guys need to move into the 21st century.

http://en.wikipedia.org/wiki/Polymer_banknotes

 

[tk149]

When old bills go to the bank, they are always destroyed.

Link?

I worked at a bank, and we did not send all "old" bills to be destroyed. We did send worn-out, torn, and defaced bills to the Federal Reserve Bank (where I assume that they destroyed them).

One of the employees would collect really old bills, but this was just a personal hobby. We once got a deposit of bills from the 1920's.

I could not find any indication that the Federal Reserve destroys old bills just for being an older model.

http://www.federalreserve.gov/generalinfo/faq/faqcur.htm

 

[OutHouse]

That's because all old bills of all kinds are automatically phased out over a timeframe already. Seriously when was the last time you saw a 1980's or earlier era $20 bill? They're pretty rare nowadays.

I got a 85 20 the other day out of a ATM. i am not going to spend it.