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New $100 Bill Printing Problems

The fancy new $100 bill [3], with all its security bells and whistles, is so complicated that even the official manufacturers of those bills can’t get it right. CNBC [4] reported earlier this week that $110 billion worth of $100 bills are currently wrapped in storage at Fort Worth because of a defect. During production, the paper may fold over and leave an uninked portion of the bill face… which is bad news. The bills are in “cash packs” of 16,000 bills per pack.

They’re currently looking at ways to mechanically scan the bills for defects because looking by hand would take twenty to thirty years. Until they can sort it out and fix the manufacturing problem, they’ll be producing more of the old $100 bills.

As for the new bills themselves, it costs about twelve cents to produce which puts the total bill of the bills, so far anyway, at $120 million. That really drives home the phrase “it takes money to make money.” 🙂