Printing Errors Could Force Destruction of Millions of $100 Bills
The Federal Reserve announced a new design for the one hundred dollar bill two years ago, but it was unable to put the money into the market because of some errors at the printing factory.
A report from the Bureau of Engraving and Printing (BEP) indicates there has been yet another printing problem that has left what could be millions of one hundred dollar bills "clearly unacceptable" for circulation.
The bureau has to get the new bills and all of this year's cash order out by October 8, and some analysts are having doubts about that happening.
The most recent mistake was the result of "mashing," in which too much ink goes onto the paper and makes the images less crisp than they should be. The new one hundred dollar bill is supposed to include a hidden phrase on Ben Franklin's collar, a Liberty Bell that changes color, and 3D images that transform as one tilts the bill.
The bills, printed at the Washington, D.C. facility, have issues with many of these images. Until further notice, the Fed has stopped the production of the redesigned bills.
Natalie Rutledge (email@example.com) writes for LowCards.com, where this article first appeared.