Canada's new $100 bills may melt before you can spend them
Canada’s new polymer $100 bills cost 19 cents each to produce, which is about twice what the Canadian Benjamins used to cost when they were made of paper.
The plastic-like bills are said to last 2.5 times, or nearly two decades, longer than paper ones, and that’s where their true braggadocio lies: you (allegedly) can’t rip them, tear them or wreck them in the washing machine.
Maybe, but like countless rappers have found in the past, these $100 bills might literally burn a hole in your pocket.
According to several recent anecdotes profiled in the Toronto Star, Canada’s polymer $100 bills, introduced late last year, aren’t quite as indestructible as they appear.
Under certain conditions, the new $100 bills can shrivel up “like bacon in a frying pan,” the paper’s Richard J. Brennan notes.
One Halifax man reports that after putting his wallet atop a warm toaster, he found three $100 bills had taken on the shape of a “Coke bottle.”
A credit union teller in B.C., separately, admitted she’s heard cases of several bills melting just sitting inside a hot car.
Another man in Ontario said he left eight $100 bills he got for Christmas in a tin beside a heater, only to find later they had all shrivelled up.
The Bank of Canada says the bills were tested for such extreme temperatures, finding they’d last in the drastic temperature range of -75C to 140C.
But after such reports came to light, the bank has been forced to dial back a bit on its claim.
“The Bank of Canada cannot rule out that polymer notes may be damaged under certain extraordinary conditions,” a spokesperson said last week.
Have one of your new polymer bills, either $100 or $50, wilted under extreme heat?
By Jason Buckland, MSN Money
*Bank of Canada photo