Where can I change old $100 dollar bills?
If you have old 100-dollar bills that you want to exchange for newer ones, your best bet is to visit a bank. Banks are authorized to exchange old currency for new currency, including 100-dollar bills. They have the necessary procedures in place to handle such transactions and ensure the authenticity of the bills.
It is U.S. government policy that all designs of Federal Reserve notes remain legal tender, or legally valid for payments, regardless of when they were issued. This policy includes all denominations of Federal Reserve notes, from 1914 to present as per 31 U.S.C. § 5103.
Banks will typically exchange damaged currency as long as it can't be duplicated as a result of being damaged. As an example if a dollar bill is ripped in half a bank will replace it as long as the bill is over 50% intact.
Luckily, there are many options for exchanging your $100 note for smaller denominations. Here's a quick answer: Banks, credit unions, grocery stores, big box retailers, and the post office allow you to break $100 bills. You may need to make a purchase for them to do it.
Most of the $100 bills that sell for five figures, six figures or more are vintage currency from the pre-1914 era when bills became Benjamins. But plenty of C-notes from the modern era can also be worth big money — and they usually derive their value from their serial numbers.
Banks typically accept old and worn-out bills, even if some machines might not. They can verify the authenticity of the bill and exchange it for a newer one or deposit the amount into your account.
They are worth $100. A typical $100 bill printed in 1996 has no value beyond its face value. One with some unusual feature — such as a "star" after the serial number — could be worth more to a collector.
Currency that is still valid, but is simply worn, ripped, or in otherwise poor condition can be replaced at a bank. Deposit the money into any account, and the bank's relationship with their country's central bank and minting service will ensure that it is swapped for fresh currency.
Exchanging old banknotes
Many banks accept withdrawn notes as deposits from customers. The Post Office will also accept withdrawn notes as a deposit into any bank account you can access at the Post Office. And you can always exchange withdrawn notes with us.
If the bills are deemed to be in good condition, they will be distributed back into circulation through banks and financial institutions. If the bills are in poor condition, they will be shredded and recycled. The shredded paper is then used to make new paper products, such as paperboard, tissue paper, and insulation.
Can I go into any bank to exchange bills?
Many banks will not exchange bills and coins for non-customers although you may find a local bank which will. Many businesses run short on small bills and coins on weekends and holidays and will gladly exchange.
Both $50 and $100, assuming genuine, are legal tenders in the USA. Legally there is no problem using them. Though small shops/stores/restaurants tend to resist them. The main reason is it is hard for them to idenfity the counterfeits.
When it comes to accepting $100 bills, Walmart has a clear policy in place. The retail giant accepts $100 bills at all of its store registers and locations. This means that customers can conveniently use their $100 bills for their purchases without any hassle.
On average, a 1990 $100 bill can sell on eBay for anywhere between $125 and $150.
What's the average worth of a 1985 $100 bill? On average, a preowned 1985 $100 bill can sell on eBay for anywhere between $120 and $160. However, the condition of the bill is a significant factor in determining its price. Bills in mint condition or bills that have not been circulated can sometimes cost as much as $300.
| Year | $1 | $100 |
|---|---|---|
| 2019 | $12.7 | $1,424.7 |
| 2018 | $12.4 | $1,343.5 |
| 2017 | $12.1 | $1,251.7 |
| 2016 | $11.7 | $1,154.8 |
Use the ATM to Withdraw $100 Bills
Most ATMs provide various withdrawal options, including the ability to select the specific denomination you prefer. If your bank's ATM offers this feature, simply choose the 100-dollar bill option, and the machine will dispense the cash accordingly.
You'll likely need to insert the bills directly into the deposit slot or place them in a provided envelope first. Then, follow the instructions on the screen. Confirm the total deposit. After the ATM has counted your cash, it will ask you to confirm the dollar amount and the account where it will be deposited.
In most cases, old versions of a currency can still be used in ATMs, as long as they are still legal tender. However, if the currency has been demonetized or replaced with a new version, it may no longer be accepted by ATMs.
See the dark green numbers on the top-left and top-right corners? They could mean your bill is worth much more than its face value. If a serial number's digits are unique or interesting, collectors might be willing to pay big bucks — hundreds or even thousands of dollars — for your bill.
What is the oldest 100 dollar bill?
1914: The first $100 Federal Reserve Note was issued with a portrait of Benjamin Franklin on the obverse and allegorical figures representing labor, plenty, America, peace, and commerce on the reverse.
You can also hold the bill up to a light to see if it's real. With the portrait of Franklin facing you, look for a watermark that says "100 USA" to the left of the portrait and a ghost copy of the portrait on the right side of the bill. If they're not there, the bill likely isn't real.
Often times, even financial institutions won't accept cash if it's too damaged. This is because the Federal Reserve does not accept deposits of mutilated money from banks and credit unions.
Pay them in at your high street bank or Post Office.
You can also exchange old paper banknotes for the same value in current polymer notes at 30 selected Post Office branches – you can view the full branch list on the Bank of England website. This includes the old paper £5, £10, £20 and £50 notes from the last series.
At Wednesday's proceedings, the Supreme Court panel led by John Okoro, ruled that the old notes remain legal tender until they are replaced with the redesigned notes. According to Mr Okoro, the old notes would co-exist as legal tender with the redesigned ones.
