Old 100 Dollar Bill Old Fashioned 100 Dollar Bill Large

Current denomination of United States currency

One hundred dollars

(United States)
Value	$100
Width	156 mm
Meridian	66.3 mm
Weight	≈ ane.0[1] grand
Security features	Security fibers, watermark, 3D security ribbon, security thread, color shifting ink, microprinting, raised press, EURion constellation
Material used	75% cotton 25% linen
Years of press	1861–present
Obverse
Design	Benjamin Franklin, Proclamation of Independence, quill pen, inkwell with an image of the Liberty Bell
Design engagement	2009
Reverse
Blueprint	Independence Hall
Design date	2009

The Usa one-hundred-dollar bill ($100) is a denomination of U.s.a. currency. The first Usa Note with this value was issued in 1862 and the Federal Reserve Note version was launched in 1914, aslope other denominations.^[2] Statesman, inventor, diplomat, and American founding male parent Benjamin Franklin has been featured on the obverse of the beak since 1914.^[3] On the reverse of the banknote is an image of Independence Hall in Philadelphia, which has been used since 1928.^[3] The $100 neb is the largest denomination that has been printed and circulated since July 13, 1969, when the denominations of $500, $1,000, $5,000, and $10,000 were retired.^[four] As of December 2018, the average life of a $100 bill in circulation is 22.9 years before information technology is replaced due to wearable.

The bills are also commonly referred to as "Bens", "Benjamins", or "Franklins", in reference to the utilize of Benjamin Franklin's portrait on the denomination, as "C-Notes", based on the Roman numeral for 100, or equally "bluish faces", based on the blue tint of Benjamin Franklin's face up in the bill's current pattern. The nib is one of 2 denominations printed today that does not feature a president of the Usa; the other is the $x bill, featuring Alexander Hamilton. It is also the only denomination today to feature a building not located in Washington, D.C., that being Independence Hall located in Philadelphia on the reverse. The time on the clock of Independence Hall on the reverse, according to the U.Southward. Bureau of Engraving and Press, showed approximately 4:10.^[5] It has been suggested this may refer to 4/10, or April 10, the 100th day of the twelvemonth. The newer colorized notes prove ten:30.

The Series 2009 $100 bill redesign was unveiled on April 21, 2010, and was issued to the public on October 8, 2013.^[6] The new beak costs 12.6 cents to produce and has a blue ribbon woven into the center of the currency with "100" and Liberty Bells, alternating, that appear when the bill is tilted.

As of June 30, 2012, the $100 bill comprised 77% of all Us currency in apportionment.^[vii] Federal Reserve data from 2017 showed that the number of $100 bills exceeded the number of $1 bills. Even so, a 2018 research paper past the Federal Reserve Bank of Chicago estimated that 80 pct of $100 bills were in other countries. Possible reasons included economic instability that affected other currencies, and apply of the bills for criminal activities.^[8]

History [edit]

Large size notes [edit]

(approximately 7.4218 × 3.125 in ≅ 189 × 79 mm)

• 1861: Three-year 100-dollar Interest Begetting Notes were issued that paid 7.3% interest per twelvemonth. These notes were not primarily designed to circulate and were payable to the original purchaser of the dollar bill. The obverse of the annotation featured a portrait of General Winfield Scott.
• 1862: The first $100 The states Notation was issued.^[three] Variations of this notation were issued that resulted in slightly different wording (obligations) on the reverse; the note was issued again in Series of 1863.
• 1863: Both i and two and one half year Interest Begetting Notes were issued that paid five% interest. The one-yr Interest Bearing Notes featured a vignette of George Washington in the center, and allegorical figures representing "The Guardian" to the right and "Justice" to the left. The two-year notes featured a vignette of the U.Due south. treasury building in the heart, a farmer and mechanic to the left, and sailors firing a cannon to the right.
• 1863: The start $100 Gilded Certificates were issued with a bald hawkeye to the left and big green 100 in the middle of the obverse. The reverse was distinctly printed in orange instead of light-green like all other U.S. federal government issued notes of the fourth dimension.
• 1864: Compound Interest Treasury Notes were issued that were intended to circulate for iii years and paid 6% interest compounded semi-annually. The obverse is similar to the 1863 one-year Involvement Bearing Note.
• 1869: A new $100 United states Note was issued with a portrait of Abraham Lincoln on the left of the obverse and an allegorical figure representing architecture on the right. Although this note is technically a United States Note, TREASURY NOTE appeared on it instead of UNITED STATES Annotation .
• 1870: A new $100 Gold Document with a portrait of Thomas Hart Benton on the left side of the obverse was issued. The note was 1-sided.
• 1870: 1 hundred dollar National Gold Depository financial institution Notes were issued specifically for payment in gold money by participating national golden banks. The obverse featured vignettes of Perry leaving the USS St. Lawrence and an allegorical effigy to the right; the reverse featured a vignette of U.S. gilded coins.
• 1875: The reverse of the Series of 1869 The states Note was redesigned. Also, TREASURY Notation was changed to U.s.a. NOTE on the obverse. This notation was issued again in Serial of 1878 and Series of 1880.
• 1878: The start $100 silver certificate was issued with a portrait of James Monroe on the left side of the obverse. The reverse was printed in black ink, different any other U.S. Federal Government issued bill.
• 1882: A new and revised $100 Gold Document was issued. The obverse was partially the same equally the Serial 1870 golden document; the border pattern, portrait of Thomas H. Benton, and large give-and-take GOLD , and gold-colored ink backside the series numbers were all retained. The reverse featured a perched baldheaded eagle and the Roman numeral for 100, C.
• 1890: One hundred dollar Treasury or "Money Notes" were issued for government purchases of silver bullion from the silver mining manufacture. The note featured a portrait of Admiral David G. Farragut. The note was besides nicknamed a "watermelon note" because of the watermelon-shaped 0'due south in the large numeral 100 on the reverse; the big numeral 100 was surrounded past an ornate blueprint that occupied almost the entire note.
• 1891: The contrary of the Series of 1890 Treasury Note was redesigned because the Treasury felt that it was also "busy" which would make information technology too easy to apocryphal. More than open infinite was incorporated into the new design.
• 1891: The obverse of the $100 Silvery Certificate was slightly revised with some aspects of the design changed. The reverse was completely redesigned and also began to be printed in green ink.
• 1902: An extremely rare National Banknote was issued. It had a blue seal, and John J. Knox on the obverse, and ii men and an hawkeye on elevation of a shield on the contrary.
• 1914: The get-go $100 Federal Reserve Note was issued with a portrait of Benjamin Franklin on the obverse and allegorical figures representing labor, plenty, America, peace, and commerce on the opposite.
• 1922: The Series of 1880 Gold Certificate was re-issued with an obligation to the correct of the bottom-left series number on the obverse.

• 

  1863 $100 Legal Tender note The first $100 Gold Certificates were issued with a bald eagle to the left and big green 100 in the centre of the obverse.

• 

  1880 $100 Legal Tender (1869 version) A new $100 United States Notation was issued with a portrait of Abraham Lincoln on the left of the obverse and an allegorical effigy representing architecture on the right.

• 

  Series 1878 $100 silver certificate The first $100 silver certificate was issued with a portrait of James Monroe on the left side of the obverse.

• 

  1914 $100 Federal Reserve Note The first $100 Federal Reserve Notation was issued with a portrait of Benjamin Franklin on the obverse and allegorical figures representing labor, plenty, America, peace, and commerce on the reverse.

• 

  1922 $100 Gold Certificate The Series of 1880 Aureate Certificate was re-issued with an obligation to the right of the lesser-left serial number on the obverse.

Small size notes [edit]

(half-dozen.xiv × 2.61 in ≅ 157 × 66 mm)

• 

  Both views (obverse and reverse) of the Series 1934 $100 Gilded Document.

• 

  Front of a Series 1966 $100 Usa note.

• 

  Obverse of a Series 2006A $100 note.

• 

  Comparison between a Serial 1990 note and a 2013 note.

• 1929: Under the Series of 1928, all U.S. currency was inverse to its current size and began to conduct a standardized design. All variations of the $100 beak would bear the same portrait of Benjamin Franklin, aforementioned border pattern on the obverse, and the same contrary with a vignette of Independence Hall. The $100 bill was issued equally a Federal Reserve Notation with a green seal and series numbers and as a Gold Document with a golden seal and serial numbers.
• 1933: As an emergency response to the Bang-up Depression, boosted money was pumped into the American economy through Federal Reserve Bank Notes issued under Series of 1929. This was the only small-sized $100 bill that had a slightly different border design on the obverse. The serial numbers and seal on information technology were dark-brown.
• 1934: The redeemable in gilt clause was removed from Federal Reserve Notes due to the U.S. withdrawing from the gilt standard.
• 1934: Special $100 Gold Certificates were issued for non-public, Federal Reserve bank-to-depository financial institution transactions. These notes featured a opposite printed in orange instead of dark-green like all other small-sized notes. The diction on the obverse was as well changed to ONE HUNDRED DOLLARS IN GOLD PAYABLE TO THE BEARER ON Demand AS AUTHORIZED Past LAW .
• 1950: Many minor aspects on the obverse of the $100 Federal Reserve Annotation were changed. Most noticeably, the treasury seal, gray numeral '100', and the Federal Reserve Seal were at present smaller with small "spikes" added effectually the Federal Reserve seal, like the Treasury seal.
• 1963: Because dollar bills were no longer redeemable in silverish, beginning with Series 1963A, Volition PAY TO THE BEARER ON DEMAND was removed from the obverse of the $100 Federal Reserve Note and the obligation was shortened to its current wording, THIS Annotation IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE . Also, IN GOD WE TRUST was added to the reverse.
• 1966: The commencement and only pocket-sized-sized $100 U.s.a. Note was issued with a red seal and serial numbers. Information technology was the first of all United states currency to use the new U.Due south. treasury seal with wording in English language instead of Latin. Like the Series 1963 $ii and $5 United States Notes, it lacked WILL PAY TO THE BEARER ON DEMAND on the obverse and featured the motto IN GOD We TRUST on the contrary. The $100 United States Note was issued due to legislation that specified a sure dollar amount of United States Notes that were to remain in apportionment. Because the $ii and $five United states of america Notes were soon to be discontinued, the dollar amount of The states Notes would driblet, thus warranting the issuing of this note. $100 U.s.a. Notes were final printed in 1969 and final issued in 1971.
• 1990: The first new-age anti-counterfeiting measures were introduced under Series 1990 with microscopic press around Franklin's portrait and a metallic security strip on the left side of the neb.
• March 25, 1996: The kickoff major design modify of the $100 note since 1929 took identify with the adoption of a contemporary manner layout. The main intent of the new design was to deter counterfeiting. New security features included a watermark of Franklin to the right side of the bill, optically variable ink (OVI) that inverse from light-green to black when viewed at different angles on the lower right corner '100', a college quality and enlarged portrait of Franklin, and hard-to-reproduce fine line printing around Franklin's portrait and Independence Hall. Older security features such as interwoven red and blue silk fibers, microprinting, and a plastic security thread (which now glows pink [nominally cherry-red] under a blackness light) were kept. The individual Federal Reserve Banking concern Seal was changed to a unified Federal Reserve Seal along with an additional prefix letter of the alphabet being added to the serial number, w. The first of the Series 1996 bills were produced in October 1995.^[ix]
• Feb 2007: The starting time $100 bills (a shipment of 128,000 star notes from the San Francisco FRB) from the Western Currency Facility in Fort Worth, Texas are produced, virtually 16 years later the outset notes from the facility were produced. The shipment makes the $100 bill the nearly recently added product to the facility's lineup. 4.6 billion notes were produced at the facility with series 2006 and Cabral and Paulson signatures, including about 4.15 million star notes.^[10]
• October viii, 2013: The newest $100 bill was announced on April 21, 2010, and, because of press problems, did non enter circulation until well-nigh three and a half years later, on October 8, 2013.^[6] In add-on to pattern changes introduced in 1996, the obverse features the brown quill that was used to sign the Proclamation of Independence; faint phrases from the Announcement of Independence; a bell in the inkwell that appears and disappears depending on the angle at which the bill is viewed using optically variable ink (OVI) and changes from copper to green; teal groundwork color; a borderless portrait of Benjamin Franklin; a blue "3D security ribbon" (trademarked "Motion" by Crane Currency^[xi]) on which images of Liberty Bells shift into numerical designations of '100' as the note is tilted; and to the left of Franklin, minor yellow 100s whose zeros form the EURion constellation. The reverse features a big slope '100' printed vertically on the right side, small-scale yellow EURion 100s and has the fine lines removed from around the vignette of Independence Hall. These notes were issued as Series 2009A with Rios - Geithner signatures. Many of these changes are intended not only to thwart counterfeiting just to likewise brand it easier to quickly check authenticity and help vision-dumb people.^[12]

Series dates [edit]

Small size [edit]

Type	Series	Register	Treasurer	Seal
National Bank Annotation Types i & 2	1929	Jones	Forest	Brown
Federal Reserve Banking concern Annotation	1928A	Jones	Woods	Brownish

Type	Series	Treasurer	Secretary	Seal
Gold Certificate	1928	Woods	Mellon	Aureate
Legal Tender Note	1966	Granahan	Fowler	Red
Legal Tender Note	1966A	Elston	Kennedy	Ruby
Federal Reserve Note	1928	Forest	Mellon	Greenish
Federal Reserve Note	1928A	Woods	Mellon	Green
Federal Reserve Annotation	1934	Julian	Morgenthau	Green
Federal Reserve Notation	1934A	Julian	Morgenthau	Dark-green
Federal Reserve Note	1934B	Julian	Vinson	Green
Federal Reserve Note	1934C	Julian	Snyder	Green
Federal Reserve Note	1934D	Clark	Snyder	Dark-green
Federal Reserve Note	1950	Clark	Snyder	Greenish
Federal Reserve Note	1950A	Priest	Humphrey	Green
Federal Reserve Notation	1950B	Priest	Anderson	Light-green
Federal Reserve Note	1950C	Smith	Dillon	Green
Federal Reserve Notation	1950D	Granahan	Dillon	Green
Federal Reserve Note	1950E	Granahan	Fowler	Greenish
Federal Reserve Annotation	1963A	Granahan	Fowler	Green
Federal Reserve Note	1969	Elston	Kennedy	Green
Federal Reserve Note	1969A	Kabis	Connally	Green
Federal Reserve Notation	1969C	Bañuelos	Shultz	Green
Federal Reserve Notation	1974	Neff	Simon	Greenish
Federal Reserve Notation	1977	Morton	Blumenthal	Green
Federal Reserve Note	1981	Buchanan	Regan	Green
Federal Reserve Annotation	1981A	Ortega	Regan	Light-green
Federal Reserve Note	1985	Ortega	Baker	Dark-green
Federal Reserve Note	1988	Ortega	Brady	Green
Federal Reserve Note	1990	Villalpando	Brady	Green
Federal Reserve Note	1993	Withrow	Bentsen	Dark-green
Federal Reserve Annotation	1996	Withrow	Rubin	Green
Federal Reserve Note	1999	Withrow	Summers	Light-green
Federal Reserve Note	2001	Marin	O'Neill	Light-green
Federal Reserve Note	2003	Marin	Snowfall	Light-green
Federal Reserve Notation	2003A	Cabral	Snow	Dark-green
Federal Reserve Note	2006	Cabral	Paulson	Green
Federal Reserve Note	2006A	Cabral	Paulson	Green
Federal Reserve Notation	2009	Rios	Geithner	Green
Federal Reserve Notation	2009A	Rios	Geithner	Green
Federal Reserve Note	2013	Rios	Lew	Green
Federal Reserve Annotation	2017A	Carranza	Mnuchin	Greenish

Removal of large denomination bills ($500 and up) [edit]

The Federal Reserve announced the removal of large denominations of United States currency from circulation on July 14, 1969. While larger denominations remained legal tender,^[13] with their removal the one-hundred-dollar nib was the largest denomination left in circulation. All the Federal Reserve Notes produced from Serial 1928 up to before Serial 1969 (i.e. 1928, 1928A, 1934, 1934A, 1934B, 1934C, 1934D, 1950, 1950A, 1950B, 1950C, 1950D, 1950E, 1963, 1966, 1966A) of the $100 denomination added up to $23.1708 billion.^[fourteen] Since some banknotes had been destroyed, and the population was 200 million at the fourth dimension, there was less than one $100 banknote per capita circulating.

Every bit of June 30, 1969, the U.S. coins and banknotes in circulation of all denominations were worth $l.936 billion of which $four.929 billion was circulating overseas.^[15] So the currency and coin circulating within the United States was $230 per capita. Since 1969, the demand for U.S. currency has greatly increased. The full corporeality of circulating currency and money passed one trillion dollars in March 2011.

Despite the degradation in the value of the U.S. $100 banknote (which was worth about $705.72 in 1969), and despite competition from some more valuable strange notes (most notably, the 500 euro banknote), there are no plans to re-issue banknotes above $100. The widespread use of electronic ways to conduct high-value transactions today has made large-scale physical cash transactions obsolete and therefore, from the government'due south point of view, unnecessary for the conduct of legitimate business. Quoting T. Allison, Assistant to the Board of the Federal Reserve Organization in his October 8, 1998 testimony earlier the U.S. Firm of Representatives, Subcommittee on Domestic and International Budgetary Policy, Committee on Banking and Financial Services:

In that location are public policies confronting reissuing the $500 notation, mainly considering many of those efficiency gains, such equally lower shipment and storage costs, would accrue non only to legitimate users of bank notes just also to money launderers, tax evaders and a diverseness of other lawbreakers who use currency in their criminal activity. While it is not at all clear that the book of illegal drugs sold or the amount of tax evasion would necessarily increase just equally a consequence of the availability of a larger dollar denomination nib, it no doubtfulness is the example that if wrongdoers were provided with an easier mechanism to launder their funds and hide their profits, enforcement regime could have a harder time detecting certain illicit transactions occurring in cash.^[16]

References [edit]

1. ^ "Currency Facts". uscurrency.gov. U.South. Currency Educational activity Program. Retrieved fourteen July 2020.
2. ^ Barbara Maranzani (April 25, 2013). "It's All Virtually the (New) Benjamins". history.com.
3. ^ ^{a b c} Sandra Choron; Harry Choron (2011). Money: Everything You Never Knew About Your Favorite Matter to Detect, Save, Spend & Covet. Relate Books. p. 208. ISBN9781452105598.
4. ^ "For Collectors: Large Denominations". Agency of Engraving and Printing. Archived from the original on September eleven, 2007. Retrieved 2012-04-06 .
5. ^ "Money Facts". Agency of Engraving and Printing. Archived from the original on 2012-03-10. Retrieved 2012-04-06 .
6. ^ ^{a b} "Federal Reserve Announces Day of Outcome of Redesigned $100 Note". uscurrency.gov. U.S. Currency Education Program. Retrieved fourteen July 2020.
7. ^ Phillips, Matt (21 November 2012). "Why the share of $100 bills in circulation has been going up for over xl years". Quartz. The Atlantic Media Company. Retrieved 5 March 2019.
8. ^ Telford, Taylor; Whalen, Jeanne (5 March 2019). "There are more $100 bills in circulation than $i bills, and it makes no cents". News & Record . Retrieved v March 2019 – via The Washington Post.
9. ^ USPaperMoney.Info: Series 1996 $100 July 1999
10. ^ USPaperMoney.Info: Series 2006 $100 April 2012
11. ^ Crane Currency. "MOTION Micro-Optics Banknote Security". Retrieved six October 2017.
12. ^ uscurrency. "$100 Note Podcast Episode: 1". YouTube. Archived from the original on 2013-03-26. Retrieved 2012-04-06 .
13. ^ "U.S. Bureau of Engraving and Printing - U.S. Currency". 2014-06-25. Archived from the original on 25 June 2014. Retrieved 2021-12-25 .
14. ^ "US Paper Money data: Serial Number Ranges". USPaperMoney.Info. Retrieved 2012-04-06 .
15. ^ "Some Tables of Historical U.S. Currency and Monetary Aggregates Data" (PDF). Federal Reserve Depository financial institution of St. Louis. Retrieved 2012-04-06 .
16. ^ "Will Jumbo Euro Notes Threaten the Greenback?". U.S. Firm of Representatives. October eight, 1998. Retrieved 2012-04-06 .

Further reading [edit]

• Friedberg, Arthur; Ira Friedberg; David Bowers (2005). A Guide Volume of United states Newspaper Coin: Complete Source for History, Grading, and Prices (Official Red Book). Whitman Publishing. ISBN0-7948-1786-half-dozen.
• Hudgeons, Thomas (2005). The Official Blackbook Price Guide to U.S. Paper Money 2006 (38th ed.). Business firm of Collectibles. ISBN1-4000-4845-1. OCLC 244167611.
• Wilhite, Robert (1998). Standard Catalog of United States Paper Money (17th ed.). Krause Publications. ISBN0-87341-653-8.

External links [edit]

• $100 Note

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