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US Government prints unusable $100 Bills

submitted on December 7, 2010 by midget in "Member's Lounge"
http://news.yahoo.com/s/yblog_.....y-properly

Officials with the Treasury and the Federal Reserve had touted the new bills' sophisticated security features that were 10 years in the making, including a 3-D security strip and a color-shifting image of a bell, designed to foil counterfeiters. But it turns out the bills are so high-tech that the presses can't handle the printing job.


The flawed bills, which cost around $120 million to print, will have to be burned.
     

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  • 90993
    mommy25
    professor
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    Posted by mommy25 on December 7, 2010
    [reply] 2 0
    That's the U.S. goverment for you....Waste waste waste. Confused
  • 90998
    sandyshore
    professor
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    Posted by sandyshore on December 7, 2010
    [reply] 3 0
    I think we should be invited to the bonfire! Maybe we can find things to add to the burning bills...
  • 91037
    YanBz
    admin
    Posted by YanBz on December 8, 2010
    [reply] 3 0
    It will take about a year to sort out the bad bills even when using machines. What a scale!!!

    Another interesting bit of stat, it looks like it costs $0.12 to print a single bill...

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