Original images courtesy of bureau of Engraving and Printing.
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Collectors space reporting the troubled collection 2009 $100 federal Reserve notes finally turning up in circulation after gift held earlier for five years.
Imagex courtesy of bureau of Engraving and also Printing.
Collectors are reporting that the troubled collection 2009 $100 federal Reserve notes room finally turning up in circulation after being held ago for five years.
Called “NexGen” because that their advanced anti-counterfeiting measures — microprinting, increased printing, security thread, portrait watermark, color-shifting squid in two areas (the bell in the inkwell and the character 100), and also a 3D security ribbon v bells changing to 100s together it move — they to be a victim of their very own sophistication.
Their initially scheduled concern date was Feb. 10, 2011, yet on Oct. 1, 2010, the federal Reserve announced a hold-up because of a creasing in the file during the printing procedure that went undetected during countless test runs. When the political parties of some bills to be pulled outside they unfolded and also revealed a blank room on the face.
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Later, a trouble that was referred to as “mashing” was also reported, whereby too much ink was used to the paper so the currently of the artwork were not as crisp as they have to be.
In total, $110 billion precious of the notes to be printed, and also with approximates that as lot as 30 percent the the printing can be defective, the entire issue was quarantined for more inspection.
In the interim, series 2009A notes were created under a corrected production process and entered circulation ~ above Oct. 8, 2013.
Series 2009 note all have the letter J together the an initial letter in the serial number. The second letter signifies the commonwealth Reserve district. Thus far, notes are reported from Atlanta (F), Chicago (G) and Richmond (E). A star keep in mind from Atlanta is also reported.
The expense of the examination process for the new notes is not disclosed, yet the federal Reserve approximates that the NexGen $100 note costs 12.6 cent each to produce, do the printing cost of the entire series under $4 million.
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A inquiry for comment to the bureau of Engraving and Printing was directed to the commonwealth Reserve public Affairs office, which has actually not responded.