The "Prestige Goods Economy" model was created to explain ]he rise of political complexity as the result of elite strategies to control access to exotic, finely crafted display goods. This concept is so ingrained in our current understandings of social, economic, and political life in Mississippian chiefdoms that it has become part of the very definition of "Mississippian." The political economy of the Moundville chiefdom, in particular, has long been associated with the prestige goods concept and a highly centralized system of crafting and long-distance exchange. In this paper, I bring together extant data from past excavations at Moundville and surrounding sites in order to test the current model of display goods production and circulation during the peak of the chiefdom's power (ca. A.D. 1300-1450). I find that while the production and circulation of display goods is overwhelmingly associated with elites at the Moundville center, the scale of local display goods production and the quantity of nonlocal display goods relative to locally made display goods at the site does not match the expectations generated by the current model of Moundville's political economy.