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Since the new $100 bill entered circulation in October, many people have flexed their big faces via photos posted on Instagram, Twitter, and other social networks. It’s almost as if they’d never seen money their whole life. SMH…but we can bet half of the people showing off stacks couldn’t even tell you how the new bill came about. Nor could you tell you how the hundred dollar bill originated. Luckily, STACKS Magazine is here to help educate our readers about several interesting facts surrounding the bills.

 

Did You Know?

 

  • Benjamin Franklin’s face on the bill is not the same portrait used when the original $100 bill was created in 1929.  In fact, Franklin’s 2013 picture was added to the circulation in 1996.  
  • A new $100 bill was unveiled in April 2010, but never hit circulation because of a manufacturing flaw. 
  • On the “obverse” (or front) side of the new $100 bill features “Liberty Bells” that alternate when the bill is tilted. 
  • The $100 bill is the most popular bank note in the world. 
  • The average life span of a $100 bill is 8 years, then it is replaced due to wear and tear.

 

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Additional Fun Fact:  Large denominations ($500, $1000, $5000, and $10,000) were removed from circulation in July 1969.  The reason for the U.S. decision to remove the larger bank notes is due to society’s preference of making cash transactions electronically. Electronic transactions has almost made the use of paper bills almost obsolete. 

 

 

Source: Wikipedia