New $100 bill likely to attract counterfeiters
10/08/2013 1:16 PM
10/08/2013 6:11 PM
It took more than a decade to develop the new, high-tech $100 bills with special features to confound counterfeiters.
But the unveiling of the C-note on Tuesday also will sound a starting gun worldwide for counterfeiters eager to try to duplicate the Federal Reserve’s best work. About 3.5 billion of the bills will make it to people’s hands.
Ben Franklin is still on the front, and Independence Hall is on the back. Special features include a disappearing Liberty Bell in an ink well and bright blue three-dimensional security ribbons with images that move in opposite direction from the way the bill is tilted, The Associated Press reports.
It is the first remake of the $100 bill since March 1996. That one was supposed to foil counterfeiters, and it did for a while.
Expect the next big news story on this new Federal Reserve note to be about the Feds finding and breaking up a counterfeit ring that was distributing the new, high-tech $100 bills.
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