It is indeed a curious coincidence that in those countries of gold the
cacao-beans were not only the form in which tribute was paid, but
themselves passed as currency. On account of their use for this
purpose by the Mexicans, Peter Martyr styled them _amygdalæ
pecuniariæ_--"pecuniary almonds"--exclaiming: "Blessed money, which
exempts its possessors from avarice, since it cannot be hoarded or
hidden underground!"

Joseph Acosta tells us that "the Indians used no gold nor silver to
trafficke in or buy withall ... and unto this day (1604) the custom
continues amongst the Indians, as in the province of Mexico, instede
of money they use cacao." The Aztecs also made use of cacao in this
way, as many as 8,000 beans being legal tender--rather a task, one
would imagine, for the money-changers.

[Illustration--Black and White Plate: Native Americans Preparing
and Cooking Cocoa. _Ogibe's "America," 1671._]

In Nicaragua this practice was so general that "none but the rich and
noble could afford to drink it, as it was literally drinking money."
A rabbit sold there for ten beans, "a tolerably good slave" for a
hundred. Slaves must, however, have been at a discount just then, if
the silver value of the beans was no greater than when Thomas Candish
wrote in 1586: "These cacaos serve amongst them both for meat and
money ... 150 of them being as good as a Real of Plate"--about 6d. "A
bag," of unknown size, "was worth ten crowns." One of the storehouses
of Montezuma, the last of the old independent Mexican Chieftains,[18]
was found by the Spaniards to contain as much as 40,000 loads of this
precious commodity, in wicker baskets which six men could not grasp.