Daily Buzz

U.S. to destroy $3-billion in hundred dollar bills due to printing error

The United States is facing yet another manufacturing blunder in the production of its new $100 bill, which might have ruined more than thirty million of the notes.

It's starting to seem like money might be even harder to manufacture than it is to earn.

[ Related: Man wants $500 reimbursed after his dog ate the cash ]

The United States' new hundred dollar bills have been delayed, creased and now they've been "mashed," according to the New Yorker, a problem caused by applying too much ink to the paper during the printing process.

The Atlantic Wire estimated the cost of the actual paper and ink for these damaged bills at $3.79 million.

The bills are scheduled to begin circulation on Oct. 8, 2013, delayed from the original 2010 date. And this isn't the first problem that's frustrated the process.

Wired magazine reported in March that parts of a large batch of bills had a flaw — a sliver of blank paper caused by creasing as the bills pulled through the printer.

The Bureau of Engraving and Printing was in search of a technical solution to inspect bills and separate the flawed from the acceptable, according to Wired. Certainly, it doesn't seem like the type of job people would line up to apply for with magnifying glasses in hand.

[ Related: Myth Buzz-ters: Can a table lamp really melt a new polymer bill? ]

The release of Canada's new polymer bills has also lead to recent criticism of the money manufacturing process, with consumers complaining the notes melt under heat.

An absurd and thoroughly Canadian rumour also had some believing the new bills smelled like maple syrup.

Want the latest buzz before it goes viral?
Follow @YDailyBuzz on Twitter!