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Axe-monies refer to bronze artifacts found in both western Mesoamerica and the northern Andes. Based on ethnohistorical, archaeological, chemical, and metallurgical analyses, the scholars Hosler, Lechtman and Holm have argued for their use in both regions through trade. In contrast to naipes, bow-tie- or card-shaped metal objects which appear in the archaeological record only in the northern Andean coastal region, axe-monies are found in both Mesoamerican and Andean cultural zones. More specifically, it is argued that the system of money first arose on the north coast of Peru and Ecuador in the early second millennium CE. In both regions, bronze was smelted, likely by family units, and hammered into thin, axe-shaped forms and bundled in multiples of five, usually twenty. As they are often found in burials, it is likely that in addition to their presumed economic use, they also had ceremonial value.
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