As with other redesigned bills, the new $100 note features added security features intended to deter counterfeiting. Distribution of the bills will begin Oct. 8, but it may take some time for a person to see one in circulation.
“We’ve built up large inventories of redesigned $100 notes in Federal Reserve Bank vaults across the United States,” said Sonja Danburg, program manager for U.S. currency education. “Beginning on Oct. 8, any financial institution that orders $100s from the Federal Reserve will receive the new design. But the time it takes a note to journey from there to businesses and consumers is influenced by distance, demand and the policies of individual financial institutions.”
The new security features include a blue ribbon on the front that is woven into the paper. The ribbon contains images that shift from bells to 100s as the bill is tilted back and forth. The other new feature is a color-shifting bell inside a copper inkwell on the front. The note also retains three security features from the old $100 — the portrait watermark, security thread and color-shifting 100 in the front lower right.
Outside the U.S., the Federal Reserve says the $100 bill is the most widely circulated and counterfeited denomination.
Detective Capt. Ralph Dance of the Corinth Police Department said stores should take note of the new design and continue to check for fakes. It has been a few months since any counterfeits have been reported to the police department.
Bogus bills passed locally have usually been $20s in the last few years.
“We used to have $100s being passed, but everybody was checking them, and the counterfeiters dropped down to the lower denominations,” said Dance.
Not checking bills is the main reason fakes get passed.
“The ones getting passed are so bad in quality that people are clearly not paying attention when they take them,” Dance said.
The last $100 redesign was in 1996. All prior versions continue to be legal tender.
Training and educational materials are available at newmoney.gov.