United States Currency in 1923

In a lot of ways these pieces of United States currency from 1923 look a lot like today's currency. Though, the back of the bills seems much less ornate, and the bills themselves are much larger.


1 comment:

  1. Even more interesting... Look at how they say "Payable to the bearer on demand" - meaning they can be exchanged for their equivalent in gold at any time. Now, the notes say "Federal Reserve Note" - meaning the note is no longer exchangeable for gold, but rather represents a debt owed to the Federal Reserve for "creating" that piece of fiat currency for you to "spend".