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WD_431/ 2008
(  Satoshi Kinoshita )
| Series: | Works on paper: Drawings 5 | | Medium: | oilstick on paper | | Size (inches): | 40.2 x 25.2 | | Size (mm): | 1020 x 640 | | Catalog #: | WD_0431 | | Description: | Signed, date and copyright in pencil on the reverse.
United States one hundred-dollar bill -
The United States one hundred-dollar bill ($100) is a denomination of United States currency. U.S. statesman, inventor, and diplomat Benjamin Franklin is currently featured on the obverse of the bill, while Independence Hall is featured on the reverse. The bill is one of two current notes that does not feature a President of the United States; the other is the United States ten-dollar bill, featuring Alexander Hamilton. It is the largest denomination that has been in circulation since July 14, 1969, when the higher denominations of $500, $1,000, $5,000, $10,000 and $100,000 were retired.[1]
The Bureau of Engraving and Printing says the "average life" of a $100 bill in circulation is 60 months (5 years) before it is replaced due to wear. Approximately 7% of all notes produced today are $100 bills.
One hundred-dollar bills are delivered by Federal Reserve Banks in mustard-colored strips.
On the reverse of the banknote, the time on the clock appears to show 2:22 or 2:23, although 4:10 has also been suggested. The numeral four on the clock face is incorrectly written as "IV" whereas the real Independence Hall (United States) clock face has "IIII". Roman Numerals in Clocks.
Large size note history:
(approximately 7.4218 × 3.125 in ≅ 189 × 79 mm)
* 1861: Three-year 10 dollar Interest Bearing Notes were issued that paid 7.3% interest per year. These notes were not primarily designed to circulate, and were payable to the original purchaser of the dollar bill. The obverse of the note featured a portrait of General Winfield Scott.
* 1862: The first $100 United States Note was issued with a Bald Eagle on the left side of the obverse. Two different variations of this note were issued that resulted in slightly different wording (obligations) on the reverse; the note was issued again in series of 1863.
* 1863: Both one and two and one half year Interest Bearing Notes were issued that paid 5% interest. The one-year 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.S. treasury building in the center, a farmer and mechanic to the left, and sailors firing a cannon to the right.
* 1863: The first $100 Gold Certificates were issued with a Bald Eagle to the left and large green 100 in the middle of the obverse. The reverse was distinctly printed in orange instead of green like all other U.S. federal government issued notes of the time.
* 1864: Compound Interest Treasury Notes were issued that were intended to circulate for three years and paid 6% interest compounded semi-annually. The obverse is similar to the 1863 one-year Interest 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 NOTE.
* 1870: A new $100 Gold Certificate with a portrait of Thomas Hart Benton on the left side of the obverse was issued. The note was one-sided.
* 1870: One hundred dollar National Gold Bank Notes were issued specifically for payment in gold coin by participating national gold banks. The obverse featured vignettes of Perry leaving the USS St. Lawrence and an allegorical figure to the right; the reverse featured a vignette of U.S. gold coins.
* 1875: The reverse of the series of 1869 United States Note was redesigned. Also, TREASURY NOTE was changed to UNITED STATES NOTE on the obverse. This note was issued again in series of 1878 and 1880.
* 1878: The first $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, unlike any other U.S. Federal Government issued dollar bill.
* 1882: A new and revised $100 Gold Certificate was issued. The obverse was partially the same as the series 1870 gold certificate; the border design, portrait of Thomas H. Benton, and large word GOLD, and gold-colored ink behind the serial numbers were all retained. The reverse featured a perched Bald Eagle and the Roman numeral for 100, C.
* 1890: One hundred dollar Treasury or "Coin Notes" were issued for government purchases of silver bullion from the silver mining industry. The note featured a portrait of Admiral David G. Farragut. The note was also nicknamed a "watermelon note" because of the watermelon-shaped 0's in the large numeral 100 on the reverse; the large numeral 100 was surrounded by an ornate design that occupied almost the entire note.
* 1891: The reverse of the series of 1890 Treasury Note was redesigned because the treasury felt that it was too "busy" which would make it too easy to counterfeit. More open space was incorporated into the new design.
* 1891: The obverse of the $100 Silver 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.
* 1914: The first $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 reverse.
* 1922: The series of 1880 Gold Certificate was re-issued with an obligation to the right of the bottom-left serial number on the obverse.
Small size note history:
(6.14 × 2.61 in ≅ 156 × 66 mm)
* 1929: Under series of 1928, all U.S. currency was changed to its current size and began to carry a standardized design. All variations of the $100 bill would carry the same portrait of Benjamin Franklin, same border design on the obverse, and the same reverse with a vignette of Independence Hall. The $100 bill was issued as a Federal Reserve Note with a green seal and serial numbers and as a Gold Certificate with a golden seal and serial numbers.
* 1933: As an emergency response to the Great Depression, additional 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 it were brown.
* 1934: The redeemable in gold clause was removed from Federal Reserve Notes due to the U.S. withdrawing from the gold standard.
* 1934: Special $100 Gold Certificates were issued for non-public, Federal Reserve bank-to-bank transactions. These notes featured a reverse printed in orange instead of green like all other small-sized notes. The wording on the obverse was also changed to ONE HUNDRED DOLLARS IN GOLD PAYABLE TO THE BEARER ON DEMAND AS AUTHORIZED BY LAW.
* 1950: Many minor aspects on the obverse of the $100 Federal Reserve Note were changed. Most noticeably, the treasury seal, gray numeral 100, and the Federal Reserve Seal were made smaller; also, the Federal Reserve Seal had spikes added around it.
* 1963: Because dollar bills were no longer redeemable in silver, WILL PAY TO THE BEARER ON DEMAND was removed from the obverse of the series 1963 A $100 Federal Reserve Note. The obligation was also changed to its current wording,THIS NOTE IS LEGAL TENDER FOR ALL DEBTS PUBLIC AND PRIVATE. IN GOD WE TRUST was added to the reverse.
* 1966: The first and only small-sized $100 United States Note was issued with a red seal and serial numbers. It was the first of all United States currency to use the new U.S. treasury seal with wording in English instead of Latin. Like the series 1963 $2 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 reverse. The $100 United States Note was issued due to legislation that specified a certain dollar amount of United States Notes that were to remain in circulation. Because the $2 and $5 United States Notes were soon to be discontinued, the dollar amount of United States Notes would drop, thus warranting the issuing of this note.
* 1991: The first new-age anti-counterfeiting measures were introduced under series 1990 with microscopic printing around Franklin's portrait and a metallic security strip on the left side of the bill.
* March 25, 1996: The first major design change in numerous years took place with the adoption of a contemporary style 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 (known as O.V.I) that changed from green to black when viewed at different angles, a higher 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 red under a black light) were kept. The individual Federal Reserve Bank Seal was changed to a unified Federal Reserve Seal along with an additional prefix letter being added to the serial number.
* Late 2008: The redesigned $100 bill is expected to be released, receiving design changes analogous to the current $20 bill, $50 bill, $10 bill and $5 bill. According to the Associated Press, the new $100 bills will be released after the re-designed $5 bill is released in March 2008.[2] Although the redesign has been publicized as routine, North Korean counterfeiting operations are a major concern.[3] The new bills will contain a Crane & Co. security feature called Motion, containing up to 650,000 microlenses embedded in the printing which will allow for the image to shift when the bill is moved. This has been used for the first time ever on the Swedish 1,000-kronor note issued on March 15, 2006. A demonstration of this technology on the 1000 SEK bill can be found here: http://www.crane.se/site.aspx?id=572[4][5]
Nicknames:
The $100 bill has many nicknames including:
* C-B, C-note, from the Roman numeral C for 100, and B for Bill;
* Franklin, Benjamin, Ben, Benjy or Benny because of Benjamin Franklin's portrait;
* Hunsky, Hundy, Hundo, Hunj, Hunnard, Hundi, or Hun-Dun all variations on "hundred";
* Big one, refers to the largest denomination currently in use;
* Bill. As in, "I lost a bill at the casino last night." (100 dollars)
* Bone
* Yard in reference to American football and its use of a 100 yard field.
* Texas Penny in reference to Texan wealth.
References:
* Wilhite, Robert (1998). Standard Catalog of United States Paper Money (17th ed). Krause Pubns Inc. ISBN 0873416538.
* Hudgeons, Thomas (2005). The Official Blackbook Price Guide to U.S. Paper Money 2006, Edition #38. House of Collectibles. ISBN 1400048451.
* Friedberg, Arthur; Ira Friedberg, David Bowers (2005). A Guide Book Of United States Paper Money: Complete Source for History, Grading, and Prices (Official Red Book). Whitman Publishing. ISBN 0794817866.
Notes:
1. ^ For Collectors: Large Denominations. Bureau of Engraving and Printing. Retrieved on 2007-09-27.
2. ^ "Honest Abe to get color makeover on the $5 bill". Associated Press (June 29, 2006). Retrieved on 2007-09-27.
3. ^ Stephen Mihm (July 23, 2006). "No Ordinary Counterfeit". New York Times. Retrieved on 2007-09-27.
4. ^ Martin Crutsinger, AP. Changing Ben Franklin. Archived from the original on 2007-08-27.
5. ^ Adam Nash. I’ll Take 650,000 Micro-Lenses for $100, Bob.. Retrieved on 2007-10-13.
-en.wikipedia.org/wiki/American_hundred_dollar_bill
Large denominations of United States currency -
Today, the currency of the United States, the U.S. dollar, is printed in bills in denominations of $1, $2, $5, $10, $20, $50, and $100.
At one time, however, it also included five larger denominations. High-denomination currency was prevalent from the very beginning of U.S. Government issue (1861). $500, $1,000, and $5,000 interest bearing notes were issued in 1861, and $10,000 gold certificates arrived in 1865. There are many different designs and types of high-denomination notes.
The high-denomination bills were issued in a small size in 1929, along with the $1 through $100 denominations. Their designs were as follows:
* The $500 bill featured a portrait of William McKinley
* The $1,000 bill featured a portrait of Grover Cleveland
* The $5,000 bill featured a portrait of James Madison
* The $10,000 bill featured a portrait of Salmon P. Chase
* The $100,000 bill featured a portrait of Woodrow Wilson
The reverse designs featured abstract scrollwork with ornate denomination identifiers. All were printed in green, except for the $100,000. The $100,000 is an odd bill, in that it was not generally issued, and printed only as a gold certificate of Series of 1934. These gold certificates (of denominations $100, $1,000, $10,000, and $100,000) were issued after the gold standard was repealed and gold was compulsorily purchased by presidential order of Franklin Roosevelt on March 9, 1933 (see United States Executive Order 6102), and thus were used only for intra-government transactions. They are printed in orange on the reverse. This series was discontinued in 1940. The other bills are printed in black and green as shown by the $10,000 example (pictured at right).
Although they are still technically legal tender in the United States, high-denomination bills were last printed in 1945 and officially discontinued on July 14, 1969, by the Federal Reserve System.[1] The $5,000 and $10,000 effectively disappeared well before then: there are only about 200 $5,000 and 300 $10,000 bills known, of all series since 1861. Of the $10,000 bills, 100 were preserved for many years by Benny Binion, the owner of Binion's Horseshoe casino in Las Vegas, Nevada, where they were displayed in a glass case. The case is no longer there, and the bills were sold to collectors.
Circulation of high-denomination bills was halted in 1969 by executive order of President Richard Nixon, in an effort to combat organized crime.
For the most part, these bills were used by banks and the Federal Government for large financial transactions. This was especially true for gold certificates from 1865 to 1934. However, the introduction of the electronic money system has made large-scale cash transactions obsolete; when combined with concerns about counterfeiting and the use of cash in unlawful activities such as the illegal drug trade, it is unlikely that the U.S. government will re-issue large denomination currency in the near future. According to the US Department of Treasury website, "The present denominations of our currency in production are $1, $2, $5, $10, $20, $50 and $100....Neither the Department of the Treasury nor the Federal Reserve System has any plans to change the denominations in use today."[2]
Fake denominations:
Numerous fake large denominations of US currency have been created by various individuals and organizations.
For more details on this topic, see Fake denominations of United States currency.
In popular culture:
The once-popular television game show Let's Make a Deal often featured host Monty Hall giving away $500 and $1,000 bills as prizes to contestants. Hall would often hold up the bills in question for the camera to take a zoom in shot for the home viewers.
In the 1953 novel The Long Goodbye, the detective Philip Marlowe is sent a "portrait of Madison" (i.e. a $5,000 bill) by his former friend Terry Lennox.
In the 1988 film Midnight Run, the accountant Jonathan Mardukas ("the Duke") Charles Grodin shows bounty hunter Jack Walsh Robert De Niro a money belt filled with $1,000 dollar bills containing "...in the neighborhood of three hundred thousand dollars."
References:
1. ^ US BEP large banknote images, The Bureau of Engraving and Printing.
2. ^ U.S. Treasury - FAQs: Denominations of Currency
-en.wikipedia.org/wiki/Large_denominations_of_United_States_currency
Fake denominations of United States currency -
Fake denominations of United States currency have been created by individuals as practical jokes, by money artists such as J. S. G. Boggs, or as genuine attempts at counterfeiting.
Before the passage of the National Banking Act of 1863, individual banks in the United States were permitted to issue their own currency. Many banks did so, resulting in a proliferation of banknotes of various denominations, and the need for merchants to have books explaining the characteristics of various notes.
$3
Various $3 bills have been released, generally poking fun at politicians or celebrities such as Richard Nixon, Bill Clinton, Michael Jackson, or Hillary Clinton.
In the 1960s, Mad magazine printed a three-dollar bill. This was not counterfeiting, but the Federal Bureau of Investigation complained to the magazine's editors, because people were cutting the bill out of the magazine in Las Vegas, Nevada and successfully using it to obtain change in bill changers.[citation needed] On the bill, which had a portrait of Alfred E. Neuman, a line read: "This is not legal tender—nor will tenderizer help it."[1]
Prior to the creation of the Federal Reserve System, individual banks offered their own currencies. The faces on the various currencies were standardized across the country, but designs varied per bank. Several banks issued three dollar bills, with the face of Santa Claus gracing the front of the note. Such banks included Howard Banking Company of Boston, the Central Bank of Troy, the Pittsfield Bank and the White Mountain Bank, and perhaps coincidentally, the St. Nicholas Bank of Manhattan.[2]
$6
Shortly after the Lewinsky scandal, parody $6 bills (or "sex" dollars) appeared in the market. They can still be found for sale.[3]
$200
In 2001, a man bought a sundae at a Danville, Kentucky Dairy Queen with a $200 bill featuring President George W. Bush and received $197.88 in change.[4] In September 2003, a North Carolina man named Travis Martin used a $200 bill at a Food Lion to purchase $150 in groceries; the cashier accepted the fake bill and presented Martin with $50 in change.[4]
$1,000,000
Many businesses print million dollar bills. They're sold as novelties, and they do not assert that they are legal tender; the Federal Reserve has declared them legal to print or own as long as they are not used fraudulently, and does not consider them counterfeit because no genuine million dollar bill exists or ever has existed.
In March 2004, Alice Regina Pike attempted to use a $1,000,000 bill with a picture of the Statue of Liberty on the front to purchase $1671.55 in goods from a Wal-Mart in Covington, Georgia, for which she was arrested.[5]
In November 2007, Alexander D. Smith tried to open a bank account in Aiken County, South Carolina by depositing a $1,000,000 bill. The bank employee refused to deposit the bill and called the police. Smith was immediately arrested on a charge of forgery.[6]
The Libertarian Party makes an annual tradition of handing out informational fliers made to look like $1,000,000 bills on April 15th to draw attention to its anti-income tax platform.
Though not meant to be used as actual legal tender, Christian evangelist Ray Comfort's ministry, Living Waters Publications, produces a fake $1,000,000 bill featuring Grover Cleveland, which is in reality a Christian gospel tract. It appears to be based on the series 2004 $20 bill, with the gospel message around the back, and also includes some of their Web site addresses on the bill with the statement "This is NOT legal tender for all debts, public and private."
After someone attempted to deposit one of the fake bills in North Carolina, the Secret Service raided The Great News Network, a sister ministry to LWP based in Denton, Texas, on June 2, 2006. The USSS told workers at GNN they would locate and seize all of the million dollar bills at LWP's Bellflower, California headquarters. Comfort has been advised by his lawyers to refuse such an action, and no warrants yet appear to have been issued for the tracts.[7][8] However, in a precautionary move LWP also produced an enlarged "Secret Service version".[9]
$1,329,063
The Mad Magazine Game features a $1,329,063 bill that serves as an Old Maid in the game, in which the players compete to lose all their money. The bill features a portrait of Alfred E. Neuman.
$1,000,000,000
In July 2006, Comfort's ministry developed and began printing a similar $1,000,000,000 bill (one billion USD). Its color scheme more closely resembles the series 2004A $10 bill, although the background resembles the series 2004 $20 bill (like their "million-dollar bill"). The tract contains a similar gospel message and features to the million-dollar tract, but the picture is instead that of 19th century British evangelist Charles Spurgeon, whose portrait obscures the last two zeros on the upper-left corner of the "bill".[10] There have yet to be any repercussions from the Secret Service regarding this new tract.
In March 2006, agents from U.S. Immigration and Customs Enforcement and the Secret Service seized 250 counterfeit Federal Reserve notes, each bearing a denomination of $1,000,000,000 (one billion USD) from a West Hollywood apartment.[11] The suspect had previously been arrested on federal charges for attempting to smuggle more than $37,000 in currency into the U.S. following a trip to Korea in 2002.
$8,000,000,000,000
An $8,000,000,000,000 (eight trillion USD) "Federal Deficit Note" was designed in 2005 by Alexander S. Peak to acknowledge what was at that time the United States public debt.
The president at that time, George W. Bush, appears in the center of the bill. Over the seal on the right-hand side of the bill appears the word BROKE. In place of the usual claim that a given bill is legal tender, this bill reads, "This note represents the legal tender stolen from you, the American people, and now constitutes the current federal debt, which increases every fiscal year."
In pop culture
In the film Superbad, a character has a daydream in which he buys liquor with an $80 bill. The Simpsons episode "The Trouble with Trillions" featured a one trillion dollar bill intended for reconstruction of post-war Europe.
TWE dollars
In the 1970s, a fake bill dispensed in gumball machines had a denomination of "TWE DOLLARS". Much of the artwork was duplicated from the real twenty-dollar bill, including the portrait of Andrew Jackson, but the name "Jefferson" was printed under Jackson's picture. The country's name was printed as "The Untied States of Anemia." The "twe-dollar bill" has 3s in the corners.
See also:
* Confusion over the (genuine) $2 bill
References:
1. ^ The MAD World of William M. Gaines, by Frank Jacobs, 1972; Lyle Stuart
2. ^ Common Place vol. 4 no. 4, Stephen Mihm. http://www.common-place.org/vol-04/no-04/mihm/2.shtml
3. ^ Restless Mouse Wholesale Novelties
4. ^ a b In anything we trust: Clerks accept $200 bills bearing Bush picture, make change. MSNBC. Accessed August 22, 2006.
5. ^ Woman says she thought $1 million bill was real, AP, via MSNBC.com, March 11, 2004.
6. ^ Ga. man tries to deposit fake $1M bill
7. ^ Feds seize 'millions' in gospel tracts
8. ^ Christians to battle Feds on 'million-dollar' tracts
9. ^ Darwin $10,000 bill: Living Waters Store
10. ^ Billion dollar bill: Living Waters Store
11. ^ Homeland Security Agents Seize "Billion Dollar" Bogus Federal Reserve Notes
-en.wikipedia.org/wiki/Fake_denominations_of_United_States_currency
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