peag

from WordNet (r) 3.0 (2006)

peag
    n 1: small cylindrical beads made from polished shells and
         fashioned into strings or belts; used by certain Native
         American peoples as jewelry or currency [syn: {wampum},
         {peag}, {wampumpeag}]

from The Collaborative International Dictionary of English v.0.48

Peag \Peag\ (p[=e]g), n. [Written also {peage}, {peak},
   {peeke}.] [Prob. of North American Indian origin, by
   shortening of wampumpeag. --RHUD.]
   A kind of aboriginal shell money, or wampum, of the Atlantic
   coast of the United States; -- originally applied only to
   polished white cylindrical beads. See also {wampum}.
   [Webster 1913 Suppl.]