Let's End the Confusion. Basis Weight. The basis weight of a paper is the designated fixed weight of 500 sheets, measured in pounds, in that paper's basic sheet size. It is important to note that the basic sheet size is not the same.
Today, we're going to focus on paper currency, like the $1 bill. The BEP began in 1862, when only six people created money by hand in the basement of the Treasury building. Today, the BEP has two facilities. The Washington, D.C., site opened in 1914. A newer facility in Fort Worth, Texas, opened in 1991 to meet increased demand for currency.
New $100 Bill: Issue Date Set. After years of production problems, the new $100 bill finally has a date of issue. It will start circulating on October 8th. I wrote about the new $100 bill back in 2010 when the Federal Reserve first announced that it would start circulating early the following year.