Printing problem on new $100 bills

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by WHAS11

WHAS11.com

Posted on August 27, 2013 at 5:32 PM

Updated Tuesday, Aug 27 at 6:00 PM

(WHAS11) -- The U.S Treasury Department has a new $100 bill designed to stop counterfeiters, but there are big problems with the printing.

The mint was supposed to print a new design in 2011, but the bill kept being botched.

The first batch ended up with a blank spot, the second round was lifted by thieves on the way to the Federal Reserve.

The problem this time, excess ink.

The error could cost taxpayers about $4 million, because the current bill costs 7.8 cents to produce compared to 12.6 cents for the new one.

The government says crisp new bills should be ready to change hands by October 8.

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