banknotes http://www.wisebread.com/taxonomy/term/7811/all en-US New $100 Bill Unveiled http://www.wisebread.com/new-100-bill-unveiled <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/new-100-bill-unveiled" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/new-hundred-2.jpg" alt="New $100 bill" title="New $100 bill" class="imagecache imagecache-250w" width="250" height="105" /></a> </div> </div> </div> <p>Even though ordinary people hardly ever receive or spend one, with the number of $100 bills in circulation in the billions it's worth putting the effort into making them extremely secure. With that in mind, the US Treasury today announced a new $100 bill with new security features.</p> <p>The new bill still looks a lot like the old bill. It still features a portrait of Benjamin Franklin (although the portrait is bigger and is no longer surrounded by an oval) and it still has a vignette of Independence Hall on the back (also bigger and no longer surrounded by an oval). Like the other new currency released in the past few years, the new $100 is subtly colored. (The color isn't considered a security feature, but does make the bill more complex to counterfeit.)</p> <p>There are two new security features:</p> <h2>3-D Security Ribbon</h2> <p><img width="47" height="143" align="right" alt="" src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u203/3d-security-ribbon.jpg" />Running down the front of the bill, just about at the center, is the 3-D security ribbon: the bill's most obvious new security feature. &nbsp;</p> <p>It's a broad blue ribbon running just to the right of Franklin's face that displays images of bells and 100s that move and change from one to the other as you tilt the note. It's woven into the paper, not printed on top.</p> <h2>Bell in the Inkwell</h2> <p><img width="131" height="54" align="right" alt="Bell in Inkwell" src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u203/bell-in-inkwell.jpg" />At the bottom, just to the left of the color-shifting number 100, is the other new security feature: A copper-colored inkwell &nbsp;decorated with an image of a bell printed in color-shifting ink. Like the color-shifting number, the bell changes color from copper to green when the bill is tilted, so the image disappears and reappears against the copper-colored background.</p> <h2>Existing security features retained</h2> <p>Three of the existing security features were considered still effective and have been retained:</p> <ul> <li>The watermark with a portrait of Benjamin Franklin that matches the image on the front of the bill.</li> <li>The security thread is the same as with the older $100 bills&mdash;the same place (to the left of the portrait), the same image (USA 100), and same color of glow under ultraviolet light (red).</li> <li>The color-shifting numeral 100 in the lower right corner of the front of the bill (now,&nbsp;like the other redesigned bills,&nbsp;copper-to-green rather than green-to-black).</li> </ul> <p>Because those are the same as they were, you can go on following the same <a href="http://www.wisebread.com/how-to-spot-counterfeit-money">procedures to spot counterfeit money</a> as before&mdash;you simply have the new security features as additional options.</p> <p>The Treasury's <a href="http://www.newmoney.gov/">newmoney.gov</a> website has a video with the security features in action.</p> <p>The new bill will start circulating on February 10th, 2011.</p> <p><em>[Updated 1 October 2010: The Federal Reserve announced that they were </em><a href="http://www.newmoney.gov/media/release_10012010.htm"><em>delaying the release of the new $100 bill</em></a><em>, because of production difficulties. They don't yet have a new issue date.]</em></p> <p> <meta charset="utf-8" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/philip-brewer">Philip Brewer</a> of <a href="http://www.wisebread.com/new-100-bill-unveiled">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-world-currencies-that-took-a-hit-in-2016">8 World Currencies That Took a Hit in 2016</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/is-bitcoin-still-a-thing">Is Bitcoin Still a Thing?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/clams-cheese-and-bread-why-we-call-money-what-we-do">Clams, Cheese, and Bread: Why We Call Money What We Do</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-ive-been-trying-to-say">What I&#039;ve been trying to say</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-switch-banks">How to Switch Banks</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Banking Financial News $100 bill banknotes currency money Wed, 21 Apr 2010 18:59:45 +0000 Philip Brewer 37836 at http://www.wisebread.com Carry some cash http://www.wisebread.com/carry-some-cash <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/carry-some-cash" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/banknotes.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="128" /></a> </div> </div> </div> <p>I recommend carrying some actual cash money. When I do that, a lot of people say, &quot;Why? Everyplace I go takes credit and debit cards.&quot; In fact, I know people who brag about spending no cash at all for weeks or months at a time. A no-cash life may be good for bragging points, but I suggest you carry some cash anyway.</p> <p>I was visiting someone in the hospital last week. Several times I made small cash purchases on her behalf that might not have been so easy to make with a credit or debit card. (I got her a soda out of the machine, for example, and some sugar-free gum at the hospital gift-shop.) There was probably an ATM machine somewhere in the hospital, but I don't know where exactly, and because of the way parking was arranged there, it would have been quite unhandy to have to zip out and go find an ATM elsewhere.</p> <h2>My own history with cash</h2> <p>When I was younger I carried very little cash. I had two reasons for keeping cash-on-hand to a minimum. First, because interest rates were a lot higher, the potential return on an extra $100 in a money market account oughtweighed the hassle of an extra stop or two at the ATM. Second, I didn't have much money--not enough to take a month's spending money out of the bank, if I also had to pay rent out of the same paycheck.</p> <p>I changed my ways during a visit to Germany. I'd brought a few Deutsche Marks (enough for travel from the airport to the hotel), but most of our travel money was in travelers checks. It turns out, though, that in Germany you can't really use travelers checks at stores or restaurants. They're easy to cash at a bank, but we'd arrived on a Friday after the banks were already closed, so we were looking at no more cash until Monday. (This was a while ago. Nowadays you'd just hit an ATM for local currency.)</p> <p>Things turned out okay. The hotel cashed one travelers check, which gave us money for our various small purchases, and we used credit cards for the large ones. Once the banks opened, though, we went and cashed a couple hundred dollars worth of marks to carry around.</p> <p>The thing was, it turned out to be really handy to have plenty of cash on hand. We didn't need to worry if some place took any particular card. We had cash if a traveling companion was short. It was so handy that I continued the practice of carrying a reasonable amount of cash, even after we came home.</p> <h2>Cash for living large (and small)</h2> <p>Times when it's good to have cash:</p> <ul> <li>Buying something from a person, rather than a business</li> <li>When you want to give someone a tip (or a bribe)</li> <li>For very small purchases, such as a pack of gum</li> <li>Purchases from vending machines</li> <li>When you're someplace unfamiliar, such as on a trip</li> <li>Anyplace that doesn't take plastic (Two examples: When I lived in Utah the state-run liquor stores only took cash; when I lived in California the places that towed your car away &quot;at owner's expense&quot; only took cash.)</li> </ul> <p>People give various reasons why they don't want to carry cash. Some people claim that they're more likely to spend money if they have cash than if they have to use a card. That seems unlikely to me, but I can get behind any mental trick people use to help themselves be more frugal. Some worry that it will be lost or stolen. I haven't lost my wallet in more than 30 years, but I'm sure it would suck all the more if I had a bunch of money in it when I lost it. (And it would suck plenty to lose the credit cards and ID.)</p> <p>It's possible to get along fine with little or no cash, especially if you live a circumscribed life (such as on a college campus or campus-like workplace, where you can put everything on a card). But if you live large there are going to be times and places where that doesn't work so well. Money isn't the solution to every problem, and even problems where money <em>is</em> the solution can often be solved with a credit or debit card. But there are some problems out there where the best solution is cash money. When you face one of those problems, it's nice to have some cash.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/philip-brewer">Philip Brewer</a> of <a href="http://www.wisebread.com/carry-some-cash">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/would-you-get-rid-of-credit-cards-if-stores-give-more-discounts-to-customers-who-pay-cash">Would you get rid of credit cards if stores give more discounts to customers who pay cash ?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-smart-things-to-do-with-your-settlement-money">8 Smart Things to Do With Your Settlement Money</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/47-simple-ways-to-waste-money">47 Simple Ways To Waste Money</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/73-easy-ways-to-save-money-today">73 Easy Ways to Save Money Today</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-get-cash-while-traveling-abroad">How to Get Cash While Traveling Abroad</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance banknotes cash credit cards currency debit cards Wed, 19 Sep 2007 14:34:41 +0000 Philip Brewer 1179 at http://www.wisebread.com