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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

A Primer to Help You Unravel the True Meaning of a Dollar

By Len Penzo

dollar billHave you ever looked really closely at the US one-dollar bill? It may not buy much anymore, but there’s a lot of stuff going on with that humble bill — and some of it is actually kind of creepy.

Today I’m going to unravel some of the dollar bill’s biggest mysteries for you. Okay … They’re not really mysteries — 98% of this stuff is all over the Internet — but they’re fun facts nevertheless.

Did you know the first United States one-dollar bill was issued in 1862? The currency was emblazoned with a portrait of Salmon P. Chase, the Treasury Secretary under Abraham Lincoln.

The current one-dollar bill design technically dates back to 1963, but many of the design elements that we associate with the bill were established in 1929.

Obviously, the most recognizable element of the modern one dollar bill is the portrait of George Washington, painted by Gilbert Stuart — but the truly interesting stuff is on the reverse.

In case you don’t have a dollar bill handy, here are a few pictures of the reverse side of the one-dollar bill, and exploded-views of the great seal on the left- and right-hand sides:

greatsealgreatseal2

That goofy pyramid in the circle on the left side of the bill is perhaps the buck’s most intriguing symbol.

The pyramid itself represents permanence and strength. Astute observers will see that it’s constructed with 13 layers of stone; they represent the 13 original states and their individual rights. But wait — there’s more: The separate stones within each layer represent local self-government, and the pyramid’s unfinished condition represents the promise of continued national growth.

At the top of the pyramid, inside the capstone, there is that strange “all-seeing eye,” which is an ancient symbol for divinity.

As for the letters at the bottom of the pyramid, well … they are the Roman numerals for 1776 which, of course, represent the year that the United States was founded.

In honor of the original colonies there is a 13-letter Latin phrase above the pyramid: Annuit Coeptis. It means “God has favored our undertakings.”

A second Latin phrase sits at the bottom of the pyramid, Novus Ordo Seclorum, which means “New order of the ages.”

A very subtle bit of symbolism exists in how the pyramid is lit; notice that its face is lighted and the western side is dark. Some people interpret that to mean that when the United States was founded it had not begun to explore the West.

On the right side of the bill is another circle featuring an eagle. It clasps both olive branches and arrows in its talons to represent the country’s desire for peace and its ability to protect itself. The 13 colonies are represented in numerous ways here: there are 13 arrows, 13 olive leaves, 13 olives, 13 stripes on the shield, and 13 stars above the eagle’s head. In the eagle’s beak is a banner with the Latin phrase, E pluribus unum, meaning “of many, one.” This phrase represents how the United States, while consisting of many states and people, is unified as a single nation.

spiderdollar

Finally, did you know there is a spider hiding on the side of the dollar bill with George Washington’s portrait on it? Or is it an owl? Take a look at the exploded-view on the left (it’s hiding inside the blue circle).

Frankly, it looks more like an owl than a spider to me. What do you think?

Photo Credit: richlepozicky.com

18 Comments November 17, 2014

Comments

  1. 1

    Susan Tiner says

    It looks like a spider to me. Fun post.

    Reply
  2. 2

    Financial Samurai says

    Fascinating post Len! Never knew there was a SPIDER! Looks like an octopus to me. ๐Ÿ™‚

    You should read Dan Brown’s latest book called “The Lost Symbol.” Heard it’s good. Wife just read it.

    Reply
    • 3

      Len Penzo says

      @Sam: I’m a non-fiction kind of guy, when it comes to books. I did like the Da Vinci Code, but that was the movie version and I am not sure if the movie was true to the book. Thanks for the recommendation – I’ll just wait for the movie! ๐Ÿ™‚

      @Susan: It looks like a spider to my daughter, Nina, too! She argues that the spider is what made all the webs around the bill! ๐Ÿ™‚

      Reply
  3. 4

    Financial Samurai says

    Don’t be so lazy Len! Just kidding I’m probably going to wait for the movie too, unless i go on a money 2 week holiday then the book would be just perfect!

    Tell your daughter it’s an octopus, and see what she thinks.

    FS

    Reply
  4. 5

    Financial Samurai says

    Len – Just included this post in “The Katana” weekly round up! Sam

    Reply
  5. 6

    J.A. says

    Thanks for bringing the US #1 dollar bill to the public’s attention and dissecting it. It’s fascinating to know what all the symbols actually mean. What you believe to be symbols representing certain concepts may not all be 100% true. I think the “eye” at the top means more than just divinity.

    Reply
  6. 7

    Anoymous says

    @ J.A.
    I think it’s more than divinity as well.
    Searched the Eye of Horus?

    Reply
  7. 8

    Brian says

    No the eye is the illuminati eye and the stars above the eagles head is the illuminati shape so is the pyrmid

    Reply
  8. 9

    Katrina says

    I think it’s a spider because if u look @ the design be hide that same number one it looks like spider webs

    Reply
  9. 10

    Tina says

    It looks like a owl with spider legs correct me if I’m wrong wit pay attention

    Reply
  10. 11

    David C. says

    Cthulhu?

    Reply
    • 12

      Len Penzo says

      Gesundheit.

      Reply
  11. 13

    Jayson says

    Great facts. It doesn’t look like a spider, I see an octopus, the one like in the Pacman game.

    Reply
  12. 14

    How To Save Money says

    I remember some of the myths from the Da Vinci Code!

    Reply
  13. 15

    sewingirl says

    It does look more like an octopus, but why an octopus on a dollar bill?

    Reply
    • 16

      Len Penzo says

      Why indeed, sewingirl. Why indeed.

      Reply
  14. 17

    Tim Warren says

    Thanks for the informative post. I’m reminded of the movie “National Treasure” starring Nicholas Cage. So many codes and cryptic messages!

    Reply

Trackbacks

  1. A Pictorial Timeline Explaining How the US Dollar Was Born - Len Penzo dot Com says:
    June 20, 2017 at 5:15 am

    […] and why was it conceived, and why do we call it a “dollar” or a “buck”? How did the dollar’s early history help to shape […]

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