Under the impression that the word kesitah, here rendered “pieces of money,” means a lamb, many of the ancient commentators supposed that here was an evidence of early coinage; the “pieces of money” being coins having on them the impress of a lamb. Stanley (Hist. Jewish Church, Lect. III,) adopts this theory, and some other writers of our time agree with him. Coins have indeed been found with the figure of a lamb upon them, but they were not struck until later than B.C. 450, and, according to the best numismatists, probably belonged to Cyprus. Madden affirms that the earliest coined money was in the eighth century before Christ, and that “the use of coined money in Palestine cannot have existed till after the taking of Samaria by the Assyrians (in B.C. 721)” (Jewish Coinage, p. 14).
Some of the recent philologists, however, deny that kegitan means a lamb. They derive it from a root signifying to weigh, and suppose it to have been a piece of silver of unknown weight or size.