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Back to Coconut Studio Index
Page
Last
updated: 08 May 2006 |
|
Seashore Foraging &
Fishing Study |
|
The
World's Oldest Beads... ...Were Sea
Shells |
|
Finding the
world's oldest beads (so far) further pushes back the date (about 75,000ya) when humans are thought to have acquired the "foresight, planning, and abstract thought
necessary to demonstrate thoroughly modern ways of thinking".
Well, maybe.
If you've read it, you'll find that the proponents of
the Skull & Bones Club are still
proposing much the same
kind of guff about
"foresight, planning, and abstract thought" roughly 2 million years
earlier. |
|
Üçagizli (Ucagizli) Cave, Turkey -
40-45000ya - oldest beads
- but not quite |
|

|

|
|
http://www.nfobase.com/html/beads_and_human_development.html
http://www.gastropods.com/Taxon_pages/TN_Family_NASSARIIDAE.html |
|
“The oldest
beads known thus far” (2002) - Nassarius shells from Üçagizli
(Ucagizli) Cave, Turkey (2002) – about
40-45000ya. |
|
“These holes, for stringing the beads, could not
have been made by accident or by predatory molluscs, she (Mary
Stiner) says. Contemporaneous finds of ostrich eggshell beads have
also been made in Kenya, and other adornments have been unearthed in
Lebanon and Bulgaria"
http://www.newscientist.com/article.ns?id=dn1938http://www.newscientist.com/data/images/ns/9999/99991938F1.JPG |
|
But
then came almost identical shell beads from South Africa, a
continent away: Blombos,
South Africa - 75000ya |
|

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|

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|
|
http://news.nationalgeographic.com/news/2004/04/0415_040415_oldestjewelry.html
- http://www.handthoughts.com/archaeologydigs.htm
-
http://www.gastropods.com/Taxon_pages/TN_Family_NASSARIIDAE.html http://szabo.best.vwh.net/shell.html |
|
'The MSA tick shells cannot derive from the cave
walls, are too small to be leftovers from human food, and were not
brought to the site accidentally by animals, because their only
known predator is a gastropod (Natica tecta) that lives, like N.
kraussianus, only in estuarine environments. If the tick shells had
been accidentally brought to the cave site from 20-km-distant
estuaries in wracks of dead Zostera capensis, a grass used for
bedding by Later Stone Age (LSA) hunter-gatherers, all age classes
would have been present, whereas Blombos Cave MSA beads include
shells of adults only.
Of the MSA tick shells, 88% are dorsally perforated
near the lip. This type of perforation is absent in living
populations and accounts for only 8.6% of naturally pierced shells
in modern thanatocoenoses. Microscopic analysis of the MSA shells
reveals a use-wear pattern, absent on natural shells, consisting of
facets that flatten the outer lip or create a concave surface on the
lip close to the anterior canal. A similar concave facet is seen
opposite to the first one, on the parietal wall of the aperture of
many of the shells. This use-wear pattern is consistent with
friction from rubbing against thread, clothes, or other beads and is
the principal factor that defines the MSA shells as beads.
Microscopic residues of ochre detected inside the shells suggest
that either the material in contact with the beads or the beads
themselves were colored red.”
http://scienceweek.com/2004/sc040625-6.htm |
|
Doubts |
|
When I first came
across this report, I thought these shells were similar to a local
Filipino estuarine shell, that comes from quite a separate family,
and is about an inch long. A few of those would make a passable
meal, and it wasn't until I came across a Blombos photo with the
scale shown that I realised quite how small they were - not worth
eating.
My apologies to
the archaeologists, whom I slammed for mistaking an old snack for
old beads. |
|
Univalve
(Snail-shaped) shells are easier eaten if you bash them on the
top, rather than try to winkle them out.
This photo shows
large
univalve shells (Strombus and Cowry) cracked on dorsum and
eaten by Siargao islanders (March 2005)
The beads
from Üçagizli and Blombos, though separated by some 30,000
years and about 5000 miles are both made from Nassarius sp
shells, normally found in inter-rock sand patches, or shallow
water estuaries or creeks. (They are very common in the
Philippines, but few people eat them, because they are so
fiddly). |

|
|
These Nassaria
are not nice little curly snails, but flattened
ventro-dorsally, with a very strong lip. It would be very
difficult to winkle them out with a pin. The best way would be
to pierce the dorsum near the lip, then push, suck, or blow
the meat out. just as the bead pictures show.
All the shells
found at Blombos could have come from a single picnic snack –
see Shoreline Foraging |
|
Besides that, the picture of a thanatocoenosis, shown in the report of
the discovery, shows a large number of shells, naturally
almost as badly perforated as the Blombos shell
beads. |

|
|
Using long technical words like thanatocoenosis (trans: 'dead shell
collection') is what gives scientific paper writers,
especially palaeoanthropological ones, a malenomenia
(trans: 'bad name') |
|

|
The Blombos
beads show microscopic wear patterns suggesting wear, over a long period, by a string. The
Blombos shells also show traces of ochre, suggesting they may
have had some more purposeful use than just as souvenirs of a nice lunch.
|

|
|
I make beads, and shell beads in particular, for a
living, and I've never come across 'use-wear', but that may be
because I'm a charlatan (trans: 'modern commercial trader'). I don't expect
my products to last a lot longer than the tourist season, for
the very good reason that if I made them durable, no one would
have a need to buy more of them next
year.
If the Blombos beads
show 'use-wear', then they
didn't just decorate some lady's neck. They were handled and used over a very long period
indeed.
We'll come to that point
later. | |
|
Why Nassarius
shells? |
|
One of the most
extraordinary points about the Üçagizli and
the Blombos beads has been missed by the archaeologists.
Almost identical species of shell were used 5000
miles, and 40,000 years apart.
There are very many other shells that can be used for
beads, much more common in both places. |
|
For example: Various Natica shells (winkles) are much more atttractive, and are easily found
high up on rocky shores directly facing the
sea. But they are extremely tough, (they have to be, to resist sun-drying) and almost
impossible to pierce or drill – I know – I’ve tried it.
|
|
Nassa sp shells, living a bit lower down, with
more daily tidal sea coverage, are not so tough, and much easier to
process - you simply knock the tip of the spire off, and thread a
string through - in Bantayan Island, they even make lampshades from
them.
An attractive anklet, bracelet, or necklace can be
made from Nassa sp
shells, very
easily. |

|

|

| |
|
|
But Nassarius shells are not, really,
very attractive (at least, to us). So where's the magic? |
|

|

|

|
|
Nassarius from Turkey |
Nassarius from South Africa |
Gold ring cowries (Cypraea annulis) - very common from
Mozambique to Tahiti |
|
Why, 40,000 years and 5000 miles apart, did Truly Modern
Humans choose these particular Nassarius shells to make
strings of beads from?
| • |
Note the mouth of
Nassarius (Turkish and South African) - it's very thick
and polished, unlike most other shoreline
shells. |
| • |
Turkey and the Cape are both
in different 'shell provinces' (South African and
Mediterranean temperate zones), where are none of the small
cowry shells with polished thick lips, like the Gold Ring or
Money Cowry, that occur throughout the Indo-Pacific shell
province. |
| • |
Cowries grow their thick
polished lips by going about with the whole shell-producing
mantle (lower shell-producing part of their body, above the
'foot') extended right up round to the top (dorsal side) of
the shell. That's why they're so shiny when you find them
fresh from the sea. |
| • |
Nassarius do the
same, but not right round to the top. |
| • |
Nassarius couldn't
grow its peculiar shell on rough, surf beaten shores. It needs
a calmer, smoother ambience. So the people at Blombos needed
to travel to "the Duiwenhoks and Goukou Rivers, located 20 km
west and east of BBC respectively". |
| • |
20km is a long walk.
Usually, modern hunter-gatherers amble to about 10km out and
back 'to hunt for their daily food'. To go all the way to the
estuaries implies that the shells had some special importance.
|
The only reason that two almost identical Nassarius
shells could be chosen, so far apart in time and space, lies in
their appearance; their similarity to cowries. There's nothing else
outstanding about them.
For South African cave dwellers to choose these
particular shells leads to the direct inference that the veneration
for cowry shells is a lot older than is normally recognised.
|
|
Why Cowries ? |
|
I don't know about you, but shape of a cowry
reminds me of something. It has an obvious sexual connotation.
Cowry shells have been used as beads, and later, as money, for
millennia. |
|

|
Collected loose in bags or strung into strands,
(cowries) were the earliest forms of
currency used in many countries. The Chinese, so far as we
know, were the first people to use cowries as currency. There,
cowries have been found in prehistoric Stone Age sites.
Examples of other country's native money-strands are the
diwara in New Guinea, rongo in the Melanesian islands and
sapisapi in Africa. The image of the cowrie as a type of
currency was so strong that the first oval metal coin minted
in the Greek colony of Lydia around 670 B.C. was modeled after
that shell. By the eighteenth century, approximately 400
million cowries were being traded per year mostly for the
purchase of black slaves. By the middle of the nineteenth
century, it could take up to 100,000 cowries just to buy a
young wife. Inflation, it seems, was the main demise of the
cowrie currency.
Man and Molluscs
| |
|
Tingali, in our local Surigaonon language, means
"Maybe"
Island Girls Say Yes!
(or...No...or...Maybe) |
|
Island girls are modest, shy
and mostly quite beautiful, but in their island culture, are not
expected to be forward in their courting. They solve the
dilemma by using the Tingali pendant they wear on a simple
coconut bead necklace.
|
You may have noticed that if you,
or a local boy is talking to them, they seem to finger their
neck pendants nervously and shyly, as if they are lost for
words. That is not the full story at all.
The island girls are
far from being truly shy and nervous, but they are
demure. They wear Tingali shells to allow
them to say many things, without speaking out loud,
indelicately, or improperly. The Tingali
pendant is a single cowry shell, mounted so that it turns
round easily, hung on a simple coconut or wood bead necklace,
just right at that tender spot just below the
throat. |
 |
 |
The island girls wear all kinds of
different shells, to match their characters, or eyes, or even
their zodiac signs, and most have collections of several
different ones to match their moods. Their moods are a lot
more changeable than their characters.
A cowry shell can imply softness and
warmth, a gold ringer or a very rare
shell means she doesn't come cheap. A dark cowry suggests
seriousness and purpose, and if she doesn't really want to
meet anyone at all, she can wear a spiky white comb shell.
|
| A
sigay puti shell means they are still virgin.
|
 |
When they show the closed
side of the shell, they are saying:
"Tingali…Maybe...or finally…no…sorry".
If they twist and rotate the
shell from side to side, they mean:
"Tingali…Maybe....I do like the look of
you…carry on…things may be OK, but I'm still
not sure".
But, if they show you the
open side of the shell, they are quite definite:
"YES! YES! YES! ...let's go down to the beach
and sit together under a coconut tree and watch the moon rise"! |
|
That local practice* is typical of the sexual symbolism
of the cowry shell.
They were and still are used as decoration over a huge
area of the world, from Africa to Oceania - the Indo-Pacific
province. It's reasonable to assume that, if such a practice and
such a veneration for such a specific ornament is so widespread, it
has very, very deep roots.
Cowry shell confections are still among my best
sellers. For that preference to persist into the 21st century means
people still have almost instinctive veneration for them. Young
Majorcan island girls, in particular, treat a cowry shell bracelet
or anklet as almost a 'must have'. Although I've tried other, much
more beautiful shells, only money or gold ringer cowries will
do.
 |
Two cowry shells were used
for eyes in an early Natufian portrait sculpture found in Ain
Ghazal, Jordan. |
The tie with the Indo-Pacific shoreline is
inescapable, and so is the inference that this particular
shell had very, very deep significance, as a symbol for both eye
and vagina.
Sight and fertility; what could be more important to
Early Humans?
-
Cowry shells as small as money and gold-ringer cowries are useless
for food or any other purposes, but they are very, very
durable.
-
They can be found very easily, in certain places (under rocks in
shallow lagoons); so easily that kids bring them to me and I pay at
a penny a pinch, not even counting them properly. So they really
have no intrinsic value whatsoever.
-
Certain seeds also have the same vaginal appearance, but have never
gained such wide currency, worldwide. |
| | |
|
| Pierced Shell
Beads |
|
If
theBlombos shells have been collected
purposefully, and then pierced, for beads,
the makers didn’t do a great job – but
this later ostrich eggshell beadsmith
certainly did:

Ostrich shell beads from Enkapune Ya Muto rock shelter
in the Rift Valley of Kenya. They have been dated to 37,000 to
39,900 years ago. Thirteen complete beads, twelve preforms and 593
shell fragments were found. It is clear from the illustrations that
each bead was made individually, not by the heishi technique –
(stringing the beads, then rounding them by rolling them
against a grindstone).
From:
Big Bird, Dinosaurs and Beads By the late Peter Francis,
Jr

Roughs and
finished beads from Enkapune Ya Muto |
| There's only one
justification for using ostrich shell for beads - as a substitute
for much more durable shell beads. |
|
Clam shell beads
were used by native Americans as 'wampum', a form of money,
made from the clam Venus mercenaria and its
relatives, strung onto pendants.
The Latin name of the shell denotes its major
use, and even now Americans refer to a "a
hundred clams" as "a hundred dollars".
"Shelling out" came to mean paying in coins or bills.
|

|
| Now, why on earth
should native Americans choose clam shell beads as their form
of currency? Only a handful of tribes, such as the
Narragansetts, specialized in manufacturing wampum, while
hundreds of other tribes, many of them hunter-gatherers, used
it. The Iroquois managed to collect the largest wampum
treasure of any tribe, without venturing anywhere near the
clam's habitat. |
| The answer can
only be that marine shells have something special about
them. | |
|
Very much older ‘beads’ from Europe, the
‘source of civilization’ have proved to be natural
artifacts:
 http://www.handthoughts.com/worldsoldestbeads.htm
"Perforated wolf incisor and
triangular, flaked bone point perforated at the base. From
Repolusthöhle find.
"Update June 2003:
Since (the late Peter Francis,
Jr) Pete's death
in December 2002, and as he anticipated, the verdict has come in.
The objects in the Repolusthöhle find were not perforated by people.
See Backwell and d’Errico, "The origin of bone tool technology
and the identification of early hominid cultural traditions," a
paper presented at the International Roundtable, "From Tools to
Symbols: From early Hominids to Modern Humans, March 26-28,
2003.
http://www.handthoughts.com/worldsoldestbeads.htm
|
| Why make beads at all? The origins of money |
|
Nick
Szabo may give us a clue:
The precursors of money, along with language,
enabled early modern humans to solve problems of cooperation that
other animals cannot -- including problems of reciprocal altruism,
kin altruism, and the mitigation of aggression. These precursors
shared with non-fiat currencies very specific characteristics --
they were not merely symbolic or decorative objects.
Among those precursors were shell
beads. |
|
Finding, breaking into small pieces, drilling,
making round, and finishing individual beads is a complete
waste of time.
This ostrich shell bead, recovered from
a rock shelter in the Loiyangalani
River Valley, in Serengeti National Park in Tanzania, is thought to originate from the African
Middle Stone Age - between 280,000 and 45,000 years ago.
Someone spent a lot of time
"finding, breaking into small
pieces, drilling, making round ... etc", this particular
bead.
Anyone who spent their time making this thing in
a rock shelter, when they could have been doing something
useful, like hunting or gathering food, was wasting her time,
unless the product, the bead itself, had important
significance.
The bead itself is quite useless, except as a
decoration, or as a symbol or token of something
different. |

|
|
There's quite a lot of this about in our
prehistory.
Handaxes - I've seen one, a full 20" long, very
well made, about 50mya in Cyprus, from a beautiful
honey-coloured flint, that must have been quite useless for
any practical purpose at all. Richard Mithen has suggested
that such objects were 'phallic symbols' used to demonstrate
male prowess and win mates (see
Why Cowries for the feminist side).
12,000 years ago, in what is now Washington
state, the Clovis people developed some marvellously long chert blades. The only problem
-- they break far too easily. They were useless for cutting.
The flints were being made "for the sheer enjoyment" -- or for
some other purpose that had nothing to do with
cutting.
Nick
Szabo |
|
This 'necklace' comes
from a burial at Sungir, Russia, 28,000ya. Each interlocking and interchangeable mammoth
ivory bead may have required one to two hours of labour to manufacture. 10,000
of them were found, with 3 bodies, representing some 540 European working
weeks or 10 years' continuous effort.
|
|
So, useless 'artistic' or 'symbolic' work has a
very long history.
Nick
Szabo tells a nice story about
'reciprocal altruism' (trans: 'trade'):
The vampire bat...sucks the blood
of prey mammals. On a good night, they
bring back a surplus; on a bad night, nothing. Their dark
business is highly unpredictable. As a result, the lucky (or
skilled) bats often share blood with the less lucky bats in
their cave. They vomit up the blood and the grateful recipient
eats it.
The vast majority of these recipients are kin.
Out of 110 such regurgitations witnessed by the
strong-stomached biologist G.S. Wilkinson, 77 were cases of
mothers feeding their children, and most of the other cases
also involved genetic kin. There were, however, a small number
that could not be explained by kin altruism. To demonstrate
these were cases of reciprocal altruism, Wilkinson combined
the populations of bats from two different groups. Bats, with
very rare exception, only fed old friends from their original
group. Such cooperation requires
building a long-term relationship, where partners interact
often, recognize each other, and keep track of each other's
behavior. The bat cave helps constrain the bats into long-term
relationships where such bonds can form.
It's not what you know, it's who you
know.
Richard Dawkins suggests, "Money is a formal token of delayed
reciprocal altruism"
There have always been palaeoanthropological
adherents of the 'dismal science', economics, who have
suggested such daft ideas as: "Male hunters provided meat to
'buy' sex from their partners, and their partners responded by
hiding their oestrus so as to be always available when
the poor fellow turned up at
the door with a slab of kudu over his
shoulder".
But trade and money isn't always quite as dismal
as that.
Few other species cooperate on the order of even
Paleolithic humans. In some cases -- brood care, the colonies
of ants, termites, and bees, and so forth, animals cooperate
because they are kin -- because they can help copies of their
"selfish genes" found in their kin. In some highly constrained
cases, there is also ongoing cooperation between non-kin,
which evolutionary psychologists call reciprocal altruism. As
Dawkins describes it, unless an exchange of favors is
simultaneous (and sometimes even then), one party or the other
can cheat. And they usually do. This is the typical result of
a game theorists call the Prisoner's Dilemna -- if both
parties cooperated, both would be better off, but if one
cheats, he gains at the expense of the sucker. In a population
of cheaters and suckers, the cheaters always win. However,
sometimes animals come to cooperate through repeated
interactions and a strategy called Tit-for-Tat: start
cooperating and keep cooperating until the other party cheats
-- then defect yourself. This threat of retalation motivates
continued cooperation.
Nick
Szabo |
|
So:
"For that slab of kudu, my old friend, I'll give
you a cowry shell (that my wife thinks very highly of), or if
you prefer, I'll give you a handaxe (that my mistress thinks
very highly of).
When you want something from me, you can give it
(or something that I like just as much), back".
And that works, usually very
well. |
|
The need to remember faces and favours is a major cognitive hurdle, but one
that most humans find relatively easy to overcome. Recognizing
faces is easy, but remembering that a favour took place when such memory needs to be
recalled can be harder. Remembering the specifics about a
favour that gave it a certain value to
the favoured is harder still. Avoiding
disputes and misunderstandings can be improbable or
prohibitively difficult.
As engineers would
say, barter "doesn't scale". Barter works well at small
volumes but becomes increasingly costly at large volumes,
until it becomes too costly to be worth the effort. If there are n goods and services
to be traded, a barter market requires n² prices. Five
products would require twenty-five prices, which is not too
bad, but 500 products would require 250,000 prices, which is
far beyond what is practical for one person to keep track of.
With money, there are only n prices -- 500 products, 500
prices. Money for this purpose can work either as a medium of
exchange or simply as a standard of value -- as long as the
number of money prices themselves do not grow too large to
memorize or change too often. (The latter problem, along with
an implicit insurance "contract", along with the lack of a
competitive market may explain why prices were often set by
long-evolved custom rather than proximate negotiation).
Barter requires, in other words, coincidences
of supply or skills, preferences, time, and low transaction
costs. Its cost increases far faster than the growth in the
number of goods traded. Barter certainly works much better
than no trade at all, and has been widely practiced. But it is
quite limited compared to trade with money.
The proto-money used by many hunter-gatherer
tribes looks very different from modern money, now serves a
different role in our modern culture, and had a function
probably limited to small trade networks and other local
institutions. I ... call such money
collectibles instead of money proper.
Collectibles had very specific attributes.
They were not merely symbolic. While the concrete objects and
attributes valued as collectible could vary between cultures,
they were far from arbitrary. The primary and ultimate
evolutionary function of collectibles was as a medium for
storing and transfering wealth.
Voluntary spot trades are not the only kinds
of transactions that benefit from lower transaction costs.
This is the key to understanding the origin and evolution of
money. Family heirlooms could be used as collateral to remove
the credit risk from delayed exchanges. The ability of a
victorious tribe to extract tribute from the vanquished was of
great benefit to the victor . The victor's ability to collect
tribute benefited from some of the same kinds of transaction
cost techniques as did trade. So did the plaintiff in
assessment of damages for offenses against custom or law, and
kin groups arranging a marriage. Kin also benefited from
timely and peaceful gifts of wealth by inheritance. The major
human life events that modern cultures segregate from the
world of trade benefited no less than trade, and sometimes
more so, from techniques that lowered transaction costs. None
of these techniques was more effective, important, or early
than primitive money -- collectibles.
When H. sapiens sapiens displaced H.
sapiens neanderthalis, population explosions followed.
Evidence from the takeover in Europe, c. 40,000 to 35,000 B.P,
indicates that H. sapiens sapiens increased the carrying
capacity of its environment by a factor of ten over H. sapiens
neanderthalis -- i.e., the population density increased
tenfold. Not only that, the newcomers had spare time
(or spare people) to create the world's first art -- such as the
wonderful cave paintings, a wide variety of well crafted
figurines -- and of course the wonderful pendants and
necklaces of seashells, teeth, and eggshell.
These objects were not useless decorations.
Newly effective wealth transfers, made possible by
collectibles as well as other probable advance of the era,
language, created new cultural institutions that quite likely
played the leading role in the increase of carrying capacity.
H. sapiens sapiens took pleasure from
collecting shells, making jewelry out of them, showing them
off, and trading them. H. sapiens neanderthalis did
not. The same dynamic would have been at work, tens of
thousands of years earlier, when H. sapiens sapiens
first appeared in that dynamic maelstrom of human evolution,
Africa.
All these kinds of value transfer occured in
many cultures of human prehistory, probably from the beginning
of homo sapiens sapiens. The gains to be made, by one
or both parties, from these major life event transfers of
wealth, were so great that they occurred despite high
transaction costs. Compared to modern money, primitive money
had a very low velocity – it might be transferred only a
handful of times in an average individual's lifetime.
Nevertheless, a durable collectible, what today we would call
an heirloom, could persist for many generations and added
substantial value at each transfer – often making the transfer
even possible at all. Tribes therefore often spent large
amounts of time on the seemingly frivolous tasks of
manufacturing and exploring for the raw materials of jewelry
and other collectibles.
While many Europeans even in the Palaeolithic enjoyed wearing shell necklaces,
many lived farther inland and made necklaces instead out of
the teeth of their prey. Flints, axes, furs, and other
collectibles were also quite likely used as media of
exchange.
Trade-based division of labor in hunting
between tribes is consistent with (although not securely
confirmed by) the archaeological evidence from the Paleolithic
in Europe.
Large herd animals migrated through a territory
only two times a year, with a window most often of one or two
months. Without any other source of protein besides their own
prey species, these specialist tribes would have starved. The
very high degree of specialization demonstrated in the
archaeological record could only have occurred if there was
trade.
Another form of wealth, hidden from the
archaeologist, were titles to offices. Such social positions
were more valuable than the tangible forms of wealth in many
hunter-gatherer cultures. Examples of such positions included
clan leaders, war party leaders, hunting party leaders,
membership in a particular long-term trading partnership (with
a particular person in a neighboring clan or tribe), midwives,
and religious healers. Often collectibles not only embodied
wealth, but also served as a mnemonic, representing the title
to a clan position of responsibility and privilege. Upon
death, to maintain order, the heirs to such positions had to
be quickly and clearly determined. Delays could spawn vicious
conflicts. Thus, a common event was the mortuary feast, in
which the deceased was feted while both his tangible and
intangible forms of wealth were distributed to descendants, as
determined by custom, clan decision-makers, or the will of the
deceased.
Many kinds of wealth transfers -- one-way and
mutual, voluntary and coerced -- face transaction costs. In
voluntary trades both parties gain; a truly free gift is
usually an act of kin altruism. These transactions create
value for one or both parties as much as the physical act of
making something. Tribute benefits the victor and a judgment
of damages can prevent further violence as well as benefiting
the victim. Inheritance made humans the first animals to pass
wealth to their next generation kin. These heirlooms could in
turn be used as collateral or payment in trade for goods, for
food to stave off starvation, or to pay a marriage bride
price. Whether the costs of making these transfers --
transaction costs -- are low enough to make the transfers
worthwhile is another matter. Collectibles were crucial in
making these kinds of transactions possible for the first
time.
Nick
Szabo |
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The first forgeries?
Glass trade
beads, made in Venice in the 16th or
17th century, excavated from Mali, Africa.
Cheap junk beads used by unscrupulous traders,
particularly in West Africa, are now once again sought-after
'collectibles'. |

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Primitive money was not modern money as we
know it. It took on some of the function modern money now
performs, but its form was that of heirlooms, jewelry, and
other collectibles. The use of these is so ancient that the
desires to explore, collect, make, display, appraise,
carefully store, and trade collectibles are human universals
-- to some extent instincts. This constellation of human
desires might be called the collecting instinct. Searching for
the raw materials, such as shells and teeth, and manufacturing
of collectibles took up a considerable portion of many ancient
humans' time, just as many modern humans expend substantial
resources on these activities as hobbies. The results for our
ancient forebears were the first secure forms of embodied
value very different from concrete utility -- and the
forerunner of today's money.
Nick
Szabo |
|
And that's how money, hard cash, Gross Domestic
Products, the New York Stock Exchange, the Dow Jones Index,
outrageous wealth of a few individuals, and embezzlement by
them, going broke, and a few more modern afflictions,
began. |

|
| Tingali
- That
'local practice' is a complete phoney. I wrote it as a sales
spiel for a bead design. But it's the only outright lie I've
told in these pages, simply because I like the story, even if
it isn't true.
Funny how money, or even just talking
about it, corrupts
one. | |
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