Oceania, Micronesia, Yap Islands, Pre-O'Keefe style, ca. first half of the 19th century CE. A fine and rare example of a wheel-shaped currency piece known as a "rai" (also raay or fei) with a petite hole drilled through the center. The discoid currency piece has rough faces and an asymmetrical form, with the beautiful beige and smoke hues being characteristic of a type of calcite called aragonite from which all genuine Rai stones are hewn. Rai stones were used as exchangeable currency by the Yapese people, though no movement of larger examples was ever required. The value of an individual rai stone is based both on the overall craftsmanship as well as the oral history of ownership. Ownership of each stone was used as payment or exchanged for goods and services, unusual favors, purchasing homes or plots of land, or as part of a bride price dowry. Lucite display stand for photography purposes only. Size: 5.2" L x 4.375" W (13.2 cm x 11.1 cm)
Rai stones from the Yap Islands are some of the most intriguing types of currency in the world and represent an intriguing interpretation of the definition for 'money.' According to author and traditional currency expert Charles Opitz, "The larger stones were displayed and in many cases were displayed outside the bachelor's house to show the wealth of the village. The stones had no practical non-monetary use other than as ornamentation. The stones were also used for political payments. A large stone could be used to buy support of a neutral tribe during a war. The German government set fines in stone money. The stone money was purely an internal money and was never used to trade with other islands." (Opitz, Charles. J. "An Ethnographic Study of Traditional Money: A Definition of Money and Descriptions of Traditional Money." First Impressions Printing, Florida, 2000, p. 319)
For a strikingly similar example with a braided thread handle through the center, please see: Opitz, Charles. J. "An Ethnographic Study of Traditional Money: A Definition of Money and Descriptions of Traditional Money." First Impressions Printing, Florida, 2000, p. 317, bottom row, center example.
Provenance: private J.H. collection, Beaverton, Oregon, USA, acquired between 2014 and 2015
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#151908
Condition
Minor chips and abrasions to faces and peripheries, otherwise intact and very good. Light earthen deposits throughout.