page_title: Piloncitos
section_title: Other currencies or coinages used by early Filipinos
hierarchical_section_title: Piloncitos / Historical usage / Other currencies or coinages used by early Filipinos
caption_attribution_description: English: The gold currencies&#160;: (upper part) the Piloncitos and the Barter rings (lower part).
context_page_description: Piloncitos are tiny engraved gold coins or weights found in the Philippines from the Archaic period.
  Trade among the early Filipinos and with traders from neighboring islands was conducted through Barter. The inconvenience of barter later led to the use of some objects as a medium of exchange. Gold, which was plentiful in many parts of the islands, invariably found its way into these objects that included the Piloncitos, small bead-like gold bits considered by the local numismatists as the earliest coin of ancient Filipinos, and gold barter rings. The word is derived from Spanish, meaning "little weights."
  Piloncitos is presumably an offshoot of the silver and may have evolved into the bullet or Pod duang coinage of Sukhothai in Thailand.
context_section_description: The early Filipinos traded Piloncitos also along with Gold rings, which is gold ring-like ingots. These barter rings are bigger than doughnuts in size and are made of nearly pure gold.
  They are also very similar to the first coins invented in the Kingdom of Lydia in present-day Turkey. Barter rings were circulated in the Philippines up to the 16th century.
caption: The Barter rings along with Piloncitos.
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