This article was originally printed in the latest issue of Numismatic News.
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Collectors who wonder whether introduction of a new $100 Federal Reserve Note will rev up the paper money hobby will have to wait a little longer.
The Federal Reserve Board announced Oct. 1 an indefinite delay to its Feb. 10, 2011, introduction date.
This is because BEP has “a problem with sporadic creasing of the paper during printing of the new $100 note, which was not apparent during extensive pre-production testing.”
In addition to modifications to the design, the new $100s will include a 3-D security ribbon that contains images of Liberty bells and 100s that move and change from one to the other as you tilt the note.
A second new security feature is a bell in an inkwell on the face side. The bell changes color from copper to green when the note is tilted making the bell seem to disappear and reappear in the copper colored inkwell.
The new anti-counterfeiting devices make the note harder to print.
Retained by the new notes will be the Benjamin Franklin watermark, the color-shifting numeral 100 and the security thread.