The redesigned New Benjamin Franklin $100 U.S dollar bill release date Tuesday Oct. 8 2013 — The new design flourishes, which are intended to prevent counterfeiting is a bit more expensive.
According to CBS News report that each bill costs around 4 cents more to produce than the old $100 notes. Who is on the 100 dollar bill? Benjamin Franklin’s image on the $100 bill stays the same.
The bill was originally due to reach banks in 2011. But three years ago the Federal Reserve announced that a problem with the currency’s new security measures was causing the bills to crease during printing, which left blank spaces on the bills.
The note is the last United States currency denomination to undergo the “New Color of Money” face-lift that started with the $20 note in 2003, introducing subtle hues and other security features to paper currency as part of efforts to stay ahead of counterfeiters.
The new Benjamin Franklin 100 U.S dollar bill are also commonly referred to as “Bens” or “Benjamins”, in reference to the use of Benjamin Franklin’s portrait on the denomination, or as “C-Notes”, based on the Roman numeral for 100. The bill is one of two denominations printed today that does not feature a President of the United States; the other is the $10 bill, featuring Alexander Hamilton.
It is also the only denomination today to feature a building not located in Washington, D.C., that being the Independence Hall located in Philadelphia on the reverse. The time on the clock of Independence Hall on the reverse, according to the U.S. Bureau of Engraving and Printing, shows approximately 4:10 on the older contemporary notes and 10:30 on the series 2009A notes released in 2013.
New Benjamin Franklin 100 U.S dollar bills are delivered by Federal Reserve Banks in mustard-colored straps ($10,000).
The Series 2009 $100 bill redesign was unveiled on April 21, 2010, and was issued to the public on October 8, 2013. The new bill costs 12.6 cents to produce and has a blue ribbon woven into the center of the currency with “100” and Liberty Bells, alternating, that appear when the bill is tilted.
“It only takes a few seconds for people — if they know what they’re looking for — to know what they’re looking at is genuine,” said Michael J. Lambert, associate director of the Federal Reserve.