I was first led to question the soundness of ‘the Iron Currency Bar’ theory when investigating the early history of iron-making in the Forest of Dean—the district from which it is generally accepted that these bars emanated. If the ‘Currency Bar’ theory is wellfounded, the inference is unavoidable that the Celtic tribes who used this form of currency were a race endowed with a very low mentalitybut this inference is not supported by recent archaeological research.