New $100 Bills Printed With Errors -- Now What?

hundred dollar billBad news for the high rollers in the crowd: A serious printing problem with new high-tech $100 bills has halted production, thereby delaying the February 2011 issue date. Sources say as many as 30 percent of the new bills (which have special anti-counterfeiting security features) were printed with a creasing problem  -- the paper folds over during production, revealing a blank space on the face of the bill.

So, guess what that means? The defective bills are completely unusable, which means the government spent about $120 million to produce bills it can’t use. Brilliant. And, that's not even taking into account how much it will cost to sort through the massive pile of 1.1 billion new bills that were printed and shred the faulty ones ... my head hurts.


Image via New Money

Read More >