Historical Tidbit: Iron Currency

In 1642, the first successful ironworks were established in the early Raynham, when it was part of Taunton.
Iron bars were sometimes used as currency for taxes. “School teachers and ministers often received iron bars as their salary. People saw iron as the only stable measure that kept its value.”
“It was not unusual for a farmer to carry 500 pounds of iron in his wagon into town to pay his bills. Taunton was considered one of the wealthiest communities because of Leonard’s forge.”
Information from: The History of Raynham, Patrice White
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