Abstract
money were in use on the island of Yap in the western Caroline Islands. The more valuable of the two was called gau; the other was known as fei (dlsofeaq and palang). The gau variety consisted of discs of Spondylus shell about three mm thick and one cm in diameter, bored through the centre and strung on strings in a crudely rounded form. The shells that were used came from three sources: Etal Atoll in
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