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Part 1; Origins
Part 2; Law texts
Part 3; Clan and social classes
Part 4; Women's Rights
Part 5; Professionals
Part 6; Land ownership and use
Part 7; Property
Part 8; Legal tender
Part 9; Contracts
Part 10; Distraints and fasting
Part 11; Summation and appendix
Part 12; Glossary
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oinage did not come into general use until the 11th century CE. Prior to that time, the most common medium of exchange was cattle. With no fixed currency, the practiced system of exchange was very complex, especially in those texts dating from the 11th century onward. The following list of terms are those that applied during that period. It should be noted that there is considerable disagreement between texts in terms of value. What I present seems to be the generally accepted average. An easy reference table is included in the appendix.
- Cumal
- The literal meaning of the term cumal is female slave. And although slavery was practiced in Ireland as in the rest of Europe, in terms of the law it merely established a certain value. A cumal was valued at 3 sets, 6 milk cows, or 6 ounces of silver.
- Sét
- A unit of value for honor-price. Honor price (log-enech) varied according to social standing. The honor price of a Clan ruler was 42 sets (21 cows), down to a female calf for a fer midboth (a youth living on his father's land). The value of a sét was 1/3rd the value of a cumal, 1/2 a milk cow or 2 ounces of silver.
- Cattle
- Cattle were the primary medium of exchange. The basic unit was the milk cow accompanied by her calf. A three year-old dry heifer is half the value of the milk cow, a two year-old heifer is one third, the yearling heifer one fourth and a yearling bullock was valued at one-eighth.
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