Back in 2010, when the new bill was due to roll out, inspectors at the Federal Reserve found that a number of the new notes had creasing that created a blank sliver of space on the front and back of the note. The entire shipment was sent back to the Bureau of Engraving and Printing (BEP), along with a scathing report that blamed the BEP for not performing "necessary and required testing to resolve technical problems before starting production of the NexGen $100 note." It was back to the drawing board for the BEP.
Fast-forward to 2013. The new $100 notes are due to come out in October, but there's been another problem. This time, the issue is "mashing," which means that too much ink has been applied to the paper, causing the lines to blur. Just how this happened is a question that hasn't been resolved, but the fact is that the Federal Reserve just sent another thirty million $100 notes back to the BEP, this time with a directive that no bills from the BEP's Washington, D.C., facility will be accepted until further notice.
That leaves the Fort Worth plant to produce the entire run of $100 bills before the October 8th deadline, which is quite a tall order indeed. The BEP says that the shipment of new notes will be delivered before the deadline, but with all the miscues so far, there are probably a few people over at the Fed wondering whether their new $100 bill might just be cursed.
Want to learn more about American currency or foreign currency, including rare coins, gold coins and silver coins? Visit the experts at West Seattle Coins and Bellevue Rare Coins in West Seattle, Bellevue and Lynnwood.
West Seattle Coins and Bellevue Rare Coins specialize in gold buying and dealing in rare coins. We are a family-owned business that was first established in 1979 and is now located in West Seattle, Bellevue and Lynnwood. We also buy and sell gold, silver, diamonds, currency and jewelry. Visit us first for a free evaluation.
Did you like this post? Share it with your friends or like it on Facebook.
Bellevue Rare Coins - Lynnwood Located at 18411 Alderwood Mall Pkwy, Suite F, Lynnwood, WA. Phone: 425-672-2646. http://www.wscbrc.com.