De facto currency Wampum victim of inflation
“”One of the earliest lessons any child learns is how to identify shapes. Coins are round. Paper money is rectangular. Everyone knows that.
Perhaps this immutable truth is what keeps more early American coin aficionados from pursuing the currency of the early American frontier, which consisted of practically no coins at all.
In the 17th or 18th century, if you wanted to acquire furs from native tribes in places like the Great Lakes, the wilds of Pennsylvania, or New England, a bagful of shillings, ecus or coppers would have served little use.””
Read more here: De facto currency Wampum victim of inflation