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$100 Bills Could Be Worth $1,000

Sep 23, 2013 | Teaching Kids About Money

Although two years behind schedule, the U.S. is finally scheduled to release new $100 bills on October 8th. A new look has been in the works for a decade and will include:

  • A blue, 3D security ribbon woven into the bill (vs. being printed)
  • The image of an inkwell…with a bell inside
  •  Copper colors that shift to green when the bill is tilted one way or another
  •  Ben Franklin’s face will remain on the front.

The redesign is an effort to reduce counterfeiting. It’s the primary denomination that’s used fraudulently outside of the U.S.. The 8.2 billion $100 bills that are currently in circulation will remain in use, but will be destroyed as they pass through the Federal Reserve.

Now, how do you make $100 into $1,000? No, there aren’t going to be misprints floating around but the eight-digit serial numbers will hold the key. Currency collectors will pay big money if the serial numbers are “fancy”. This is the collectors’ term for serial numbers that fall within certain categories. The lowest numbers are the most valuable; for example, 00000001 through 00000100.

For more information, log on to http://www.newmoney.gov/.

Written by Joel Manzer

Once an active writer on financial issues, Joel is a blogger, social media maven and autism dad, Joel now runs autisable.com one of the largest living with autism sites in the world.

The information provided is for informational purposes only and is not a substitute for professional financial advice. You should consult a credit counseling professional concerning the information provided and what should work best in your financial situation. And any action on your part in response to the information provided is at your discretion.

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