New $100 Bills Coming Oct. 8 — Some May Be Worth Over $1K

by Christopher Freeburn | September 23, 2013 11:16 am

new 100 bill 630 300x132 New $100 Bills Coming Oct. 8    Some May Be Worth Over $1K[1]Currency collectors are eagerly awaiting the release of new U.S. currency next month and will likely pay a lot more than face value for some notes[2].

When the U.S. Federal Reserve releases the redesigned $100 notes on October 8, the notes will feature the usual eight-digit serial numbers. Bills that features serial numbers with unique or interesting number sequences are of special interest to collectors, USA TODAY notes.

So-called “fancy” serial numbers — including repeated numbers, interesting sequences of numbers, low serial numbers, or numbers that reflect important dates — draw big prices on the collector market.

That means that some new $100 bills could be worth $1,000 or more.

For example, new $100 bills that carry the 00000001 serial number (there can be more than one since several Federal Reserve banks issue the notes) could potentially bring as much as $15,000 from collectors.

Last month, the government had to destroy 30 million new $100 bills[3] after a printing error was found.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2012/10/new-100-bill-630.jpg
  2. will likely pay a lot more than face value for some notes: http://www.usatoday.com/story/money/business/2013/09/22/new-100-dollar-bills/2849643/
  3. had to destroy 30 million new $100 bills: http://investorplace.com/2013/08/oops-30-million-new-100-bills-to-be-destroyed-over-error/

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