United States one hundred-dollar bill: Wikis

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Obverse of the Series 2003A $100 bill
Reverse of the Series 2003A $100 bill

The United States one hundred-dollar bill ($100) is a denomination of United States currency. U.S. statesman, inventor, and diplomat Benjamin Franklin is currently featured on the obverse of the bill. On the reverse of the banknote is an image of Independence Hall. The time on the clock according to the U.S. Bureau of Engraving and Printing, shows approximately 4:10.[1] The numeral four on the clock face is incorrectly written as "IV" whereas the real Independence Hall clock face has "IIII". (See Roman Numerals in Clocks.) The bill is one of two current notes that does not feature a President of the United States; the other is the United States ten-dollar bill, featuring Alexander Hamilton. It is the largest denomination that has been in circulation since July 14, 1969, when the higher denominations of $500, $1,000, $5,000, $10,000 and $100,000 were retired.[2] The Bureau of Engraving and Printing says the average life of a $100 bill in circulation is 60 months (5 years) before it is replaced due to wear. Approximately 7% of all notes produced today are $100 bills.

The bills are also commonly referred to as "Benjamins" in reference to the use of Benjamin Franklin's portrait on the denomination.[3] They are also often referred to as "C-Notes" based on the roman numeral C which means 100. http://en.wikipedia.org/wiki/C-Note

One hundred-dollar bills are delivered by Federal Reserve Banks in mustard-colored straps ($10,000).

Contents

Large size note history

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  • 1869: A new $100 United States Note was issued with a portrait of Abraham Lincoln on the left of the obverse and an allegorical figure representing architecture on the right. Although this note is technically a United States Note, TREASURY NOTE appeared on it instead of UNITED STATES NOTE.
  • 1870: A new $100 Gold Certificate with a portrait of Thomas Hart Benton on the left side of the obverse was .
  • 1875: The pppppppppppppppp of 1869 United States Note was redesigned. Also, TREASURY NOTE was changed to UNITED STATES NOTE on the obverse. This note was issued again in series of 1878 and 1880.
  • 1878: The first $100 Silver Certificate was issued with a portrait of James Monroe on the left side of the obverse. The reverse was printed in black ink, unlike any other U.S. Federal Government issued dollar bill.
  • 1882: A new and revised $100 Gold Certificate was issued. The obverse was partially the same as the series 1870 gold certificate; the border design, portrait of Thomas H. Benton, and large word GOLD, and gold-colored ink behind the serial numbers were all retained. The reverse featured a perched Bald Eagle and the Roman numeral for 100, C.
  • 1890: One hundred dollar Treasury or "Coin Notes" were issued for government purchases of silver bullion from the silver mining industry. The note featured a portrait of Admiral David G. Farragut. The note was also nicknamed a "watermelon note" because of the watermelon-shaped 0's in the large numeral 100 on the reverse; the large numeral 100 was surrounded by an ornate design that occupied almost the entire note.
  • 1891: The reverse of the series of 1890 Treasury Note was redesigned because the treasury felt that it was too "busy" which would make it too easy to counterfeit. More open space was incorporated into the new design.
  • 1891: The obverse of the $100 Silver Certificate was slightly revised with some aspects of the design changed. The reverse was completely redesigned and also began to be printed in green ink.
  • 1914: The first $100 Federal Reserve Note was issued with a portrait of Benjamin Franklin on the obverse and allegorical figures representing labor, plenty, America, peace, and commerce on the reverse.
  • 1922: The series of 1880 Gold Certificate was re-issued with an obligation to the right of the bottom-left serial number on the cats.

Small size note history

(6.14 × 2.61 in ≅ 156 × 66 mm)

  • 1929: Under series of 1928, all U.S. currency was changed to its current size and began to carry a standardized design. All variations of the $100 bill would carry the same portrait of Benjamin Franklin, same border design on the obverse, and the same reverse with a vignette of Independence Hall. The $100 bill was issued as a Federal Reserve Note with a green seal and serial numbers and as a Gold Certificate with a golden seal and serial numbers.
  • 1933: As an emergency response to the Great Depression, additional money was pumped into the American economy through Federal Reserve Bank Notes issued under series of 1929. This was the only small-sized $100 bill that had a slightly different border design on the obverse. The serial numbers and seal on it were brown.
Reverse of the Series 1934 Gold Certificate
  • 1934: The redeemable in gold clause was removed from Federal Reserve Notes due to the U.S. withdrawing from the gold standard.
  • 1934: Special $100 Gold Certificates were issued for non-public, Federal Reserve bank-to-bank transactions. These notes featured a reverse printed in orange instead of green like all other small-sized notes. The wording on the obverse was also changed to ONE HUNDRED DOLLARS IN GOLD PAYABLE TO THE BEARER ON DEMAND AS AUTHORIZED BY LAW.
  • 1950: Many minor aspects on the obverse of the $100 Federal Reserve Note were changed. Most noticeably, the treasury seal, gray numeral 100, and the Federal Reserve Seal were made smaller; also, the Federal Reserve Seal had spikes added around it.
  • 1963: Because dollar bills were no longer redeemable in silver, WILL PAY TO THE BEARER ON DEMAND was removed from the obverse of the series 1963 A $100 Federal Reserve Note. The obligation was also changed to its current wording,THIS NOTE IS LEGAL TENDER FOR ALL DEBTS PUBLIC AND PRIVATE. IN GOD WE TRUST was added to the reverse.
The Series 1966 United States Note
  • 1966: The first and only small-sized $100 United States Note was issued with a red seal and serial numbers. It was the first of all United States currency to use the new U.S. treasury seal with wording in English instead of Latin. Like the series 1963 $2 and $5 United States Notes, it lacked WILL PAY TO THE BEARER ON DEMAND on the obverse and featured the motto IN GOD WE TRUST on the reverse. The $100 United States Note was issued due to legislation that specified a certain dollar amount of United States Notes that were to remain in circulation. Because the $2 and $5 United States Notes were soon to be discontinued, the dollar amount of United States Notes would drop, thus warranting the issuing of this note.
  • 1991: The first new-age anti-counterfeiting measures were introduced under series 1990 with microscopic printing around Franklin's portrait and a metallic security strip on the left side of the bill.
  • March 25, 1996: The first major design change in numerous years took place with the adoption of a contemporary style layout. The main intent of the new design was to deter counterfeiting. New security features included a watermark of Franklin to the right side of the bill, optically variable ink (known as O.V.I.) that changed from green to black when viewed at different angles, a higher quality and enlarged portrait of Franklin, and hard-to-reproduce fine line printing around Franklin's portrait and Independence Hall. Older security features such as interwoven red and blue silk fibers, microprinting, and a plastic security thread (which now glows red under a black light) were kept. The individual Federal Reserve Bank Seal was changed to a unified Federal Reserve Seal along with an additional prefix letter being added to the serial number.
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New $100 bill

On March 5, 2010, the Bureau of Engraving and Printing announced that the new $100 bill design would be unveiled at an April 21, 2010 event.[4]

The new bill will receive design changes analogous to the current $5, $10, $20 and $50 bills.[5] Originally, the new $100 bill had been expected to be announced in late 2008, however, the Federal Reserve’s 2009 budget data anticipated the official presentation taking place at the end of 2009 or first quarter of 2010.[6]

Although the redesign has been publicized as routine, the sophisticated “Superdollar” is a major concern.[7] The new bills will contain a Crane & Co. security feature called Motion, containing up to 650,000 microlenses embedded in the printing which will allow for an underlying image to shift when the bill is moved.[8]

References

  • Wilhite, Robert (1998). Standard Catalog of United States Paper Money (17th ed). Krause Pubns Inc. ISBN 0873416538. 
  • Hudgeons, Thomas (2005). The Official Blackbook Price Guide to U.S. Paper Money 2006, Edition #38. House of Collectibles. ISBN 1400048451. 
  • Friedberg, Arthur; Ira Friedberg, David Bowers (2005). A Guide Book Of United States Paper Money: Complete Source for History, Grading, and Prices (Official Red Book). Whitman Publishing. ISBN 0794817866. 

Notes


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