The Bargain Stone

The Bargain Stone sits quietly in the churchyard of St Peter's Collegiate Church — a flat sandstone slab with a worn circular hole, entirely unassuming until you learn what it was for. Medieval traders in Wolverhampton market would seal deals by clasping hands through the hole, a physical ritual that transformed an oral agreement into a binding transaction in the community's eyes.

It is a small thing, easily overlooked. But as an object that has sat in this spot for five hundred years, absorbing the commercial life of a market town, it has a quiet significance. Look for it in the churchyard wall on the south side of the church.

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A story
The Bargain Stone is a flat sandstone slab with a circular hole bored through it, set into the wall of St Peter's churchyard. Medieval merchants sealed market deals by passing their hands through the hole and shaking — a tradition that made the agreement legally binding in the eyes of the local community. The practice gave rise to the expression 'sealing the deal through the hole' and variants still in use. The stone has been in place for at least five centuries.

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