Wampum Wampum Wampum is a traditional shell bead of the Eastern Woodlands tribes of American Indians. It includes the white shell beads fashioned from the North Atlantic channeled whelk shell and the white and purple beads made from the quahog or Western North Atlantic hard-shelled clam. It was used by the northeastern Indian tribes as a form of gift exchange, and the colonists adopted it as currency in trading with them. Eventually, the colonists developed more efficient methods of producing wampum, which caused inflation and ultimately its obsolescence as currency. Wampum was often kept on strings like Chinese cash. Before European
Wampum eight white or four black wampum equalling one "stuiver", meaning that the white had the same value as the copper duit coin. The colonial government in New Jersey issued a proclamation setting the rate at six white or three black to one penny; this proclamation also applied in Delaware. The black shells were rarer than the white shells and so were worth more, which led people to dye the white and dilute the value of black shells. Robert Beverley, Jr. of Virginia Colony wrote about tribes in Virginia in 1705. He describes "peak" as referring to the white shell bead,