The $100 Bill: A Symbol of American Prosperity
Introduction
The $100 bill is one of the most widely recognized and respected currencies in the world, and it is a symbol of American prosperity and economic power. As the largest denomination of US currency, the $100 bill has a rich history and has undergone several design changes over the years.
History of the $100 Bill
The first $100 bill was introduced in 1862, featuring a portrait of Salmon P. Chase, the Secretary of the Treasury at the time. Since then, the design of the bill has changed several times, with notable features and security threads being added to prevent counterfeiting.
In 1913, the $100 bill featured a portrait of Benjamin Franklin, which has remained a staple of the design to this day. Over the years, the bill has undergone several security updates, including the addition of a 3-D Security Ribbon in 2013.
Design and Security Features
The current design of the $100 bill features a portrait of Benjamin Franklin on the obverse (front side) and an image of Independence Hall on the reverse (back side). The bill also features several advanced security threads, including:
- 3-D Security Ribbon: A woven strip that runs down the center of the bill, featuring images of Liberty Bells and 100s that shift and change as the bill is tilted.
- Bell in the Inkwell: A small, copper-colored Liberty Bell that appears in the inkwell on Franklin's desk.
- 100 in Microprinting: The numerals "100" are printed in microprint on Franklin's lapel.
- Color-Shifting Ink: The numeral "100" in the lower right corner of the bill changes from copper to green when tilted.
International Acceptance
The $100 bill is widely accepted around the world, and it is often used as a reserve currency by central banks and governments. In fact, it is estimated that two-thirds of all $100 bills are held outside of the United States.
Interesting Facts
- The $100 bill is the most widely counterfeited denomination, accounting for over 60% of all counterfeit bills.
- The average lifespan of a $100 bill is 90 months, or 7.5 years.
- The $100 bill is used in various ways around the world, including as a form of savings, a gift, or even as a dowry payment in some cultures.
Conclusion
The $100 bill is an iconic symbol of American economic power and prosperity, and it is widely recognized and respected around the world. With its advanced security features and rich history, the $100 bill continues to play an important role in international finance and commerce.
