Billfolds were developed after the introduction of paper currency to the West in the 1600s. (The first wafer-thin currency was kinky in the New Everyone by the Massachusetts Bay Colony in 1690.) Prior to the introduction of paper currency, purses (usually simple drawstring leather pouches) were passed down for storing coins
Other types of limited bags can also serve as wallets, such as this golf tee attache which is used Mens Wallets to hold confidence cards and money.