Panchronia

O’Keefe and the stone money of Yap

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1871 · Yap · Oceania · Culture

An Irish captain gets rich shipping stone money

In 1871 the Irish-American David O’Keefe washed up on Yap. He began shipping huge stone discs, Yap’s money, from Palau on his own vessel, was paid in copra, and became known as the island’s “king”.

Did you know

On Yap, money takes the form of stone discs up to 3.6 m across. They are not moved; only ownership changes. One sank in transit, yet it kept being used for payment: everyone knew it was there on the seabed. Share →

The Irish captain David O’Keefe got rich as a money carrier, for stone money. He shipped huge discs from Palau to Yap, took payment in copra and became known as “King of Yap”; Hollywood later made a film about him. Share →

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