Has anyone else noticed how fast the new $2009A $100's are taking over. I barely see the non-colorized version anymore. How about any of you members? I have been setting a few aside as well. If the FEDs are pulling them out I don't understand why I still see a lot of other old bills. Such as any $1-$50. I still see plenty of small face $100's as well.
If they are, I assume it's because the new $100s are significantly harder to counterfeit than the old ones, and the international popularity of $100s makes that a bigger problem. For the other denominations, the latest bills aren't that much more secure than older ones, so there's no reason to retire the old ones prematurely.
JeffB has it right. The Fed is actively culling all the non-color $100's that come in, whereas they're letting the non-color $5, $10, $20, $50 bills wear out naturally. (At least, that's what they said they were going to do, so I'm assuming it's still the plan....)
Never, unless Congress changes its mind. Some years ago they specifically prohibited the $1 note from being redesigned. I forget now whether it was the pro-dollar-coin or anti-dollar-coin people behind that one.... (In discussing the next design generation, targeted for 2020 or so, the BEP has mentioned that they plan to redesign all the denominations that they're legally allowed to change. Taken literally, that would mean that they're planning to redesign the $2, which makes me wonder whether we should really take it that literally!)
I will guess what you guys are saying makes sense there's so many theories going around hard to tell which is actually valid. What I am curious about is how often do you guys get them? In my area it's usually in 1/4 that are non-colored other days it's 1/2.
Still pretty common here, but I almost never see a pre-2004 $20 or $10 unless i specifically ask for old bills at the bank
At the Indian store, there was a non-colorized $100 on the wall (didn't get to see SN, however) I bought a 2003A $5 (non-colorized) from a Dollar General lady a few weeks ago, and while I did see a 2003 $10 bill at a Fred's cash register, I was not able to obtain said bill.
