Finally, the new $100 bills get a release date.

The new $100 bills will be released for circulation on October 8, 2013. I am certain that casinos will see them in widespread use first. After all, where else are $100 bills used the most for legal transactions but casinos.

My full report is here: http://alanbestbuys.com/id239.html And there are also videos and illustrations of the new $100 bills.

Between now and the actual release the Federal Reserve and other government agencies will be launching an extensive education campaign, and the major points will be these:

1. They want consumers and businesses to know what the real, new $100 bills look like so they are not fooled by copies, knock-offs or counterfeits of the new currency.

2. They want consumers and business to know that when the new $100 bills are released that older $100 are not demonetized -- the older bills will still be valid U. S. currency. So don't "trade in" your "older bills" at a discount for the new bills. The old bills will still be $100 bills.

Casinos supposedly were ready for the new $100 bills going back more than two years ago according to those who maintain bill acceptors for slots and change machines. But I am yet to meet a casino employee (and I've asked many) who has been instructed about what the new Franklins will look like. The same is true with every single one of the bank tellers I've been speaking to for months -- not one has told me they were briefed on what the new bills look like.

It will be interesting to see, of course, if the bill acceptors on slots and video poker machines do accept the new currency without any problems.

I expect to start seeing signs and posters going up in banks and at casino cages soon promoting the release of the new $100 bills and the security features.

I wonder if Asian gamblers will have a problem with the new $100 bill in US casinos because of the dark blue security ribbon... since dark blue is a color of death in certain cultures. And if a casino worker puts the new $100 bill under a UV light to confirm another security thread it will glow pink. Will the "pink" send the wrong message?

I remember when the new 20's came out. Many bill feeders,didn't recognize them for quite some time. Then when they finally did--and the dates were all over the map for the different casinos--it was the OLDER ones that wouldn't go thru. I wonder if these changes will affect the last generation of hundies like when the last came out. Originals still don't take.

We really need $500 bills back.

Current $100 bills are worth less than $20 in 1971.

I agree Dan--but let's make it $1000 bills. And to keep them from being counterfeited I have the perfect idea Put a picture of arci's wife' skinny BLUE legs on the back of each bill. If people dare look, well....it's at their own risk. But who and how in the world would ever be able to duplicate such a grotesque security profile??

Rob, you have become a caricature of yourself. I don't think anyone could ever take you seriously again. You destroyed your brand.

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Originally Posted by Dan Druff

We really need $500 bills back.

Current $100 bills are worth less than $20 in 1971.

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Who would use them besides high limit slot players and drug dealers? The "super giant currency" such as the $10,000 notes and even the $1,000 and $500 bills were phased out because of "electronic money." It's hard for us to realize that the first credit cards were invented until the early 1950s and "paper checks" took as long as a week to "clear" as late as the early 1980s. So there was a time in the past when "super giant currency" had a real function. How many businesses today outside of casinos are prepared to handle $100 bills. I often wonder if some of the biggest casino gamblers who walk in with piles of $100 bills are actually laundering drug money through video poker games?

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Originally Posted by Alan Mendelson

Rob, you have become a caricature of yourself. I don't think anyone could ever take you seriously again. You destroyed your brand.

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Alan, his only brand has always been constant lies. He has nothing else.

Don't got dem BLUE legs!:)

I was just looking over the Government's information that it is available to the casinos about the new $100 bills. The information is basically booklets and posters about how to identify the new $100 bills and the "security features" in the bills.

What surprises me is that the "special information" for casinos is nothing special at all. In fact, it's the same regular info that is being provided to everyone.

I keep asking cage personnel if they've been briefed at all about the new hundreds and the responses are either:

a. No
b. What new $100 bill?
c. When is it coming out?

I asked the girl at the Horseshoe if she had any of the new 100"s and she looked at me like I'm nuts. She would be correct---but had no idea what I was talking about.

That's funny... I do the same thing at the cage.

According to Foxnews this morning `The redesigned $100 bill might not be comming to a wallet near you so soon after all.' The Federal Reserve is returning more than 30 million $100 bills to the Bureau of Engraving and Printing due to `mashing'. According to the story, mashing is when too much ink is applied to the paper.

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Originally Posted by fly2rei

According to Foxnews this morning `The redesigned $100 bill might not be comming to a wallet near you so soon after all.' The Federal Reserve is returning more than 30 million $100 bills to the Bureau of Engraving and Printing due to `mashing'. According to the story, mashing is when too much ink is applied to the paper.

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So far, no announcement of a delay, but I will be watching for this. This past weekend I was asking again at various stores I went to if they knew anything about the new $100 bills and I got the same answer: nothing.

This from ABC News: the bills will be released on schedule on October 8 despite some of the bills with extra ink.

http://abcnews.go.com/blogs/business...nting-mistake/

Just got one of the new $100 bills at San Manuel Casino yesterday. I was cashing a ticket for over $3,000, so a supervisor had to approve it and I asked the supervisor if the new bills work in all the slot machines and she said yes.

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Originally Posted by fly2rei

Just got one of the new $100 bills at San Manuel Casino yesterday. I was cashing a ticket for over $3,000, so a supervisor had to approve it and I asked the supervisor if the new bills work in all the slot machines and she said yes.

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Very cool. Did anyone comment about them? How do they look to you? And did the slots take them easily?