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 valued at 9 pence a yard, and "wampom peak" as denoting specifically the more expensive dark purple shell bead, at the rate of 1 shilling and 6 pence (18 pence) per yard. He says that these polished shells with drilled holes are made from the "cunk" (conch), while another currency of lesser value called "roenoke" was fashioned from the cockleshell. The process to make wampum was labor-intensive with stone tools. Only the coastal tribes had sufficient access to the basic shells to make wampum. These factors increased its scarcity and consequent value among the European traders. Dutch colonists began to