Currency Detectors / Bill Counters & the Newly Redesigned $100 Banknote
The US Government has just released a new $100 banknote (October 7th, 2013) and we are already getting a lot of questions about what new features are included and how this will impact their bill counters and counterfeit money detectors (found here). Many customers are wondering which new machines will also handle this new banknote. I would like to educate you regarding the new bill and answer some common questions.
The new $100 bill is one of the most recent denominations to receive a makeover. While smaller denominations have already received makeovers, this the first time the $100 has been redesigned since 1996. Apparently these new bills cost 8 cents a piece to manufacture, which isn’t cheap compared to the older bills. The redesign was done to help stay ahead of counterfeiters and their ever-improving counterfeiting methods. The new $100 has received a couple of new features including a three-dimensional security ribbon and a color-changing bell in the inkwell. Here is a video that goes into more detail:
Here is where the new 3-D security ribbon is located. As you tilt the banknote you will notice the bells changing to 100s. The ribbon is actually woven into the banknote. Seeing this ribbon and the 3-D shifting effects makes it much easier to visually identify a legitimate $100 bill.
Here is where you will find the “Bell in the Inkwell” feature. It is a color-changing bell in a copper-colored inkwell. As the $100 bill is tilted, the bell will shift from copper to green and back again. This is also a great way to visibly identify a legitimate $100 banknote.
I have found, after speaking with many of our manufacturers, that many of the older currency discriminators (aka mixed bill counters) and several automated counterfeit money detectors will not work with the new bills. The good news is that most manufacturers have taken the new bills into account and are now manufacturing machines that are compliant with the new banknote. Manufacturers who are currently compliant include Semacon and Cassida. You can find all of our money handling equipment here.
The good news is that many manufacturers are offering a free upgrade to older machines. You’re only going to be out the cost of shipping. Some more sophisticated machines can even be upgraded on location via a software upgrade. We just had a customer today who wanted their Cassida 3300 (including the 3310) to be able to be used with the new $100. Cassida notified us that this model could be sent in for a free upgrade.
If you have a question as to whether or not your machine can be upgraded, or if you are looking for a new $100 bill compliant machine, please give us a call at 1-800-658-8788. We would love to help you out.