Country Federated States of Micronesia
Area
• Land 38.7 sq mi (100 km 2 )
Population (2003)
6,300 • Total
Yap , also known as Wa'ab by locals, [ 1 ] is an island in the
Caroline Islands of the western Pacific Ocean . It is a state of the
Federated Statesof Micronesia . Yap's indigenous cultures and
traditions are still strong compared to other neighboring islands. [ 2
] The island of Yap actually consists of four continental islands
(hence the alternative name of the Yap Islands ).The four are very
close together and joined within a common coral reef and entirely
formed from an uplift of the Philippine Sea Plate . Theland is mostly
rolling hills densely covered with vegetation . Mangrove swamps line
much of the shore. An outer barrier reef surrounds the islands,
enclosing a lagoon betweenthe fringing barrier reef.
Colonia is the capital of the State of Yap. It administers both Yap
properand fourteen atolls reaching to the east and south for some 800
km (500 mi), namely Eauripik , Elato , Fais , Faraulep , Gaferut ,
Ifalik , Lamotrek , Ngulu , Olimarao , Piagailoe (West Fayu), Pikelot
, Sorol , Ulithi , and Woleai Atolls , as well as the island of
Satawal (municipalities in bold).
2000 population was 11,241 in bothColonia and ten other
municipalities.The state has a total land area of 102 km 2 (39 sq mi).
[ 3
Municipalities [ 11 ]
Yap Island
*. Rumung
*. Maap
*. Gagil
*. Tomil
*. Fanif
*. Weloy
*. Dalipebinaw
*. Rull
*. Kanifay
*. Gilman
Outer Islands
*. Ulithi
*. Ngulu
*. Fais
*. Woleai
*. Eauripik
*. Faraulep
*. Ifalik
*. Elato
*. Lamotrek
*. Pikelot
*. Satawal
*. Sorol
1. ^ VisitYap.com
2. ^ Mary B. Dickenson, ed. National Geographic Picture Atlas of Our
World . National Geographic Society . pp. 235. ISBN 0-87044-812-9 .
3. ^ http://www.fsmgov.org/info/people.html
4. ^ The Stone Money of Yap: A Numismatic Survey. Cora Lee C.
Gillilland. Page 38
5. ^ Goldberg, Dror. "Famous Myths of "Fiat Money"," Journal of Money,
Credit and Banking 2005, 957-967
6. ^ Washington Post , 1984.
7. ^ "Yap, Federated States of Micronesia" . Pacific Resources for
Education and Learning . Retrieved 2006-10-24 .
8. ^ Text in League of Nations Treaty Series , vol. 12, pp. 202-211.
9. ^ Takizawa, Akira; Alsleben, Allan(1999-2000). "Japanese garrisons
on the by-passed Pacific Islands 1944-1945" . Forgotten Campaign: The
Dutch East Indies Campaign 1941-1942 .
10. ^ "Weatherbase: Historical Weather for Yap, Federated States of
Micronesia" . Weatherbase. 2011 . Retrievedon November 24, 2011.
11. ^ Census 1987 with village population figures
---------- Forwarded message ----------
From: PCGS eCollector <NoReply@pcgs.com>
Date: Tue, 13 Mar 2012 16:36:58 -0700
Subject: Money Made of Stone from the Island of Yap
To: guyperea@gmail.com
March 13, 2012 | Vol. 12 Number 6
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Collectors Club
Price Guide
PCGS CoinFacts
Services
Set RegistrySM
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Gas Prices Affect the Coin Market
By Jaime Hernandez
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In the last issue, we asked our readers whether increasing gas prices
have affected their coin purchases. An astonishing 56% of our readers
answered yes! Here in Orange County, gas prices are at about $4.35 per
gallon and in some places it's even higher. Hopefully gas prices come
down so our readers can spend their money on coins rather than
gasoline.
In this week's issue, we have an article discussing Rai Stone coins
which were used over a century ago as currency, and are still being
used in the Island of Yap. Also, the Mint just announced the release
dates for this year's Proof Silver and Gold Eagles, as well as the
Proof Gold Buffaloes.
In our survey, we're asking our readers if they own any Pattern coins.
To answer, scroll to the bottom of this issue of the PCGS eCollector
and click "Yes" or "No."
Please let us know how you are enjoying the PCGS eCollector.
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eCollector Subscribers: WIN a Free Coin!
(For eCollector Subscribers only)
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In each issue of eCollector, we randomly draw a name from our subscribers.
The winner in this issue will receive a 2008-P Kennedy Half dollar in
a special PCGS holder indicating eCollector issue #88. Check the next
issue to see if you won. Good luck!
Last week's winner was Sergio Piedrahita. Congratulations Sergio!
Please send an email to coingiveaway@pcgs.com to claim your prize.
View list of all past winners.
Offer good while supplies last, and may be altered or cancelled by
PCGS at any time.
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Stone Money from Yap
By Jaime Hernandez
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Giant doughnut-shaped stone coins standing as high as 12 feet tall and
weighing as much as five tons each are still being used as currency in
some parts of the world. One of these places is the island of Yap. And
one thing is for certain; Yapese people are not shy about showing off
the amount of money they have.
Somewhere in the Pacific Ocean, there is a group of Islands that
belong to Micronesia, where the island of Yap is located. Covering an
area of about 100 square kilometers, these islands are home to about
12,000 people. There are four main languages spoken here (including
English). The people who inhabit these islands are separated into
seven different tribes (or classes) and the color of their coverings
usually indicates which tribe they belong to. Read More...
PCGS CoinFacts 1870-S $1 (Regular Strike)
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Since the launch of PCGS CoinFacts,™ we have been hard at work
updating and expanding the site's information. Here's another recent
example:
David Hall: The 1870-S Liberty Seated dollar is one of the most famous
U.S. rarities. There are only 12 known survivors in all grades. The
finest known, and the only Mint State survivor, is the PCGS-graded
MS62 Col. Green-James A. Stack-Legend collection specimen.
P. Scott Rubin: The 1870-S Silver dollar is one of the rarest of all
silver dollars, with less than a dozen examples known (or believed to
exist). Read More...
Haven't tried PCGS CoinFacts yet? Sign up for a free 10-day trial at
PCGS CoinFacts Free Trial.
2012 Proof Silver, Gold Eagles and Proof Buffalo Release Dates
By Jaime Hernandez
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The U.S. Mint has announced that the 2012 Proof Silver Eagles will be
available April 12, 2012. As of this writing, the Mint has still not
provided pricing information; however, this year they will be offering
the coins much earlier than anticipated (and much earlier than they
did last year). In 2011, the Mint released Proof Silver Eagles on June
30. That means the 2012 Proof Silver Eagles will be released about 10
weeks ahead of schedule, compared to last year.
The Mint also announced a release date for the 2012 Proof Gold
Buffaloes. They will be released on March 15, 2012. Read More...
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Stack's Bowers Rarities Night Headlines March Baltimore Show
Watch video!
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Canadian Mint Introduces Titanic Commemorative Coins
By Jaime Hernandez
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On March 5, 2012 the Royal Canadian Mint unveiled a 99.99% pure silver
$10 coin commemorating the 100th Anniversary of the sinking of the RMS
Titanic. In 2012, the Canadian Mint will introduce three different
coins to commemorate the sinking.
One of the coins is a $10 hand-polished, pure silver coin with an
issue price of $64.95. The second is a colored 50 cent hand-polished
silver plated coin with an issue price of $34.95. The third coin, a 25
cent cupro-nickel coin struck in a Specimen finish, has a price of
$25.95 each. Read More...
Visit PCGS at the Following Shows:
Submit your coins directly to PCGS at one of the following upcoming shows:
Baltimore Expo - Onsite Grading
March 22-24, 2012
Baltimore, MD
PCGS Members Only Show - Onsite Grading
April 4-7, 2012
Las Vegas, NV
Central States Numismatic Society - Onsite Grading
April 19-22, 2012
Schaumburg, IL
For a complete list of all shows PCGS is attending in 2012, click here.
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Survey Question
Do you own any Pattern Coins?
A.Yes B.No
Click here to answer.
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