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From The Collaborative International Dictionary of English v.0.48:
Seawan \Sea"wan\, Seawant \Sea"want\, n. The name used by the Algonquin Indians for the shell beads which passed among the Indians as money. [1913 Webster] Note: Seawan was of two kinds; wampum, white, and suckanhock, black or purple, -- the former having half the value of the latter. Many writers, however, use the terms seawan and wampum indiscriminately. --Bartlett. [1913 Webster]