The Bad Ben Bluster

by runewake2 in Issues, December 7, 2010

Normally money printing is equated with more money coming into the economy. This new printing mistake, however, will cost more than one million dollars to the United States.

Red-faced: Bureau of Engraving and Printing manager Kevin Brown displays a new $100 bill at the World's Fair of Money in Boston in August. Now a flaw with the new bills has halted production

A new $100 bill on display at the World Fair of Money in August

More than 1 billion benjamins have been quarenteened due to a printing error. This error will cost about $120 million dollars for the United States from production cost alone.

The bad money is being held in Fort Worth Texas and in Washington D.C.

These new bills, at first, appear the same as regular bills. However when they are pulled at the ends a crease unfolds creating a white line across the bill.

It would seem that these new bills are not as fool proof as the treasury thought.

For more on this check out this article: http://www.dailymail.co.uk/news/article-1336287/Fed-forced-quarantine-1b-100-bills-printing-error-makes-worthless.html