The Minute Blog

GET THE LATEST NEWS, INFO, AND LIFE HACKS

Loans

Line of Credit

Installment Loans

Personal Finance

$100 Bills Could Be Worth $1,000

Sep 23, 2013 | Personal Finance

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 https://www.uscurrency.gov/.

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.

Related Articles

Buy a New Car or Fix My Old Car?

Buy a New Car or Fix My Old Car?

Let's look at the pros and cons to see if you should fix your car or buy a new one.  These will go a long way to help you decide if it is time to invest in a new car or just fix up your older model. Fix Old Car or Buy New? Pros and Cons:  Old Car Pros: It’s...

read more
7 Tips for Saving on Thanksgiving

7 Tips for Saving on Thanksgiving

With the holidays approaching, more stressful and costly times are ahead. In particular, America's beloved holiday, Thanksgiving, is on its way, and if you're hosting dinner at your house this year, you might be looking for ways to save money. There are plenty of ways...

read more