21Westropp, T.J. "Types of the Ring-Forts and Similar Structures Remaining in Eastern Clare (The Newmarket Group)." Proceedings of the Royal Irish Academy. Section C: Archaeology, Celtic Studies, History, Linguistics, Literature 27 (1908-1909): 220.
John Windele, c. 1856, noted that the hoard contained among the larger decorative items"...ring-money of various sizes and patterns..." The fact that a few ingots were also included in the Find may indicate that the objects, lacking in incised decoration, were used within the community as a type of currency. There is no evidence of any coinage or currency system from this period in Europe. (Wilkin, Nel. "The Mooghaun Hoard: Early 'currency' or Bands of Equality?" The British Museum (blog). 20 Mar. 2013. Web. 18 June 2015. <http://blog.britishmuseum.org/2013/03/20/the-mooghaun-hoard-early-currency-or-bands-of-equality/>.)
While most of the objects found in the hoard are similar to others found in Munster, the collars "are much less readily compared with other material and may be unique to the area." (Grogan, Eoin. The North Munster Project. Vol. 1. Bray, Co. Wicklow: Wordwell, 2005. 70-3.)