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Stack's Bowers & Ponterio
August 2021 ANA Auction  16-21 Aug 2021
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Lot 41656

Starting price: 2400 USD
Price realized: 4200 USD
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YAP ISLAND. Stone Money "Fei", ND (mid-late 19th Century). Pre O'Keefe Type.
Opitz-pg. 316/21; Quiggin-pg. 144, P1#12; Sigler-pg. 19.. Approximately 12 x 12 x 2 in; 23 lbs. Yap Island produced the world's largest and heaviest coinage, most commonly referred to as "Fei" or "Rai", considered sacred amongst the local people. The largest examples are in excess of 12 feet in diameter, weighing about 2 tons. Due to their excessive size, the larger stones often traded ownership without physically being moved and would remain in place as it became common knowledge among the inhabitants that it now belonged to a new owner. As there is no large source of stone on Yap, the stones were quarried and shaped on the island of Malakal in Palau, then shipped back to Yap on native boats. The stones are made of calcite, which is abundant on Malakal. Some of the larger stones took as long as two years to quarry and shape using axes made from giant clams. The trip from Malakal to Yap via boat was a hazardous voyage that claimed many lives. Often the value placed on a stone directly related to the amount of human lives lost in order to quarry it and deliver to Yap. Although there are many sizes and shapes of Yap stones, they can be classified into two basic types: pre and post O'Keefe. The earliest stones were produced by the locals using axe heads made from segments of the giant clam. Later stones or "O'Keefe stones" were produced in the late 1800's using metal tools. David O'Keefe was American of Irish heritage who came to Yap with tools and a junk boat acquired in Hong Kong, which he used to quarry and transport "Fei" from Malakal to Yap, and through this process set himself up as the King of Yap Island. The 1954 motion picture "His Majesty O'Keefe" starring Burt Lancaster, although somewhat dramatized and engrossed, fairly accurately portrays this series of events. The stone offered here is the pre O'Keefe type. Seldom are larger stones available for sale as removing them from the island was extremely hard due to their size and weight. This example is quite nice to behold and was quite well produced considering it was hewn by hand. The central hole has a diameter of approximately 3.75 inches with a depth of 3.25 inches. In color it is a lovely milky golden tan accentuated by a few orange veins. Simply a delight to behold. Often referred to as the key or "Holy Grail" to assembling a collection of primitive money the chance to obtain one of these pieces should not be missed.

It is interesting to note that we have viewed a letter from the Trust Territory of the Pacific Islands Office of the District Administer Yap District Yap, Western Caroline Island 96943 signed by Fran Defngin Public Affairs Officer, Yap that was addressed to Mr. Neil Kent Becker and dated February 19, 1974. The subject of this letter is in regards to Mr. Becker's upcoming trip and living arrangements on Yap. Presumably this is around the time that Mr. Becker acquired this stone and returned with it to the United States.

Estimate: $4000 - $6000

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