At what point will it cost more to make a $100 bill than it's worth?

Question

http://news.yahoo.com/s/ap/20070826/ap_on_go_ca_st_pe/changing_ben_franklin

I mean .... I understand the depreciation value of counterfeits.. but wow... when does it get to the point that we lose money by printing money? :P

Answer 1

You should ask Truthisback I am sure he will have a really good answer for how great this is for the economy.

Answer 2

I think its too late.

Don't the materials in pennies and nickels already cost more than the coins are worth? And that doesn't include the production costs.

However, these costs are probably necessary given the printing technology available to the public today. IMO, the increase in costs are justified seeing as how an easily replicated currency will soon become worthless anyways.

Answer 3

What? Do you want your currency to be valueless because some goof ball can print a couple of million dollars on his home ink jet/laser printer, copier, etc.? This is needed to ensure that our currency is worth somthing because document printing technology has changed so rapidly in the past 10 to 15 years. It is now affordable for the criminals to purchase on a wide scale basis. If you have the right software and printers, you can easily print checks on someone account. Same with money.

Is it expensive to do this, sure. But that is why we have a department that focuses on printing money and conficating fake.

Answer 4

The value we receive from updating our money far out ways the consequences we would face if we allowed counterfeiters to keep up. This process has been going on for thousands of years. It is just much faster now.

Answer 5

i say it will happen in my lifetime. it is already the case in regards to the penny. maybe it is all an attempt to force us into a cashless society.

Answer 6

When we have a liberal president.