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like Julius Caesar King Henry the first of England finally resolved to take the money power away from the Goldsmiths about 1100 AD Henry could have used anything as money seashells feathers or even yak dung as is often done in remote tibetan provinces but he invented one of the most unusual money systems in history it was called the tally stick system here I have one of the few surviving examples of this form British money which lasted 726 years until 1826 a tally stick the tally system was adopted to avoid the monetary manipulation of the Goldsmiths tally sticks were money fabricated out of sticks of polished wood notches were cut along one edge of the stick to indicate the denominations then the stick was split lengthwise through the notches so that both pieces still had a record of the notches the King kept one half to protect against counterfeiting then he would spend the other half into the economy and they would circulate his money this particular tally stick is huge it repres