The term Anglo-Saxon is a relatively modern one. It refers to settlers from the German regions of Angeln and Saxony, who made their way over to Britain after the fall of the Roman Empire around AD ...
Dating to the late fifth or early sixth century C.E., it was made by the group sometimes known as the Anglo-Saxons ... think it was meant to be worn as jewelry, not used as currency.
Related: Anglo-Saxon teen girl discovered buried with lavish jewelry strewn across her head and chest The Sutton Hoo site, which includes the ship burial and more than a dozen other graves ...