Genesis 23:16

“And Abraham hearkened unto Ephron, etc.] He agreed at once to give him the sum proposed, judging it to be a moderate price between man and man, and he was satisfied with it, and well content to pay him the money: and Abraham weighed to Ephron the silver: for in those times money had no mark or stamp upon it to show its value, and therefore was not told by pieces, but weighed, by which its full worth was known; and that Ephron might have his whole and just demand, the silver was weighed to him: which he had named, in the audience of the sons of Heth; who were witnesses of the bargain, of the price set by Ephron, and of the payment of it by Abraham: four hundred shekels of silver: the sum…”

“Abraham weighed . . . the silver--The money, amounting to £50 was paid in presence of the assembled witnesses; and it was weighed. The practice of weighing money, which is often in lumps or rings, each stamped with their weight, is still common in many parts of the East; and every merchant at the gates or the bazaar has his scales at his girdle.”

“23:16-20 Abraham paid the amount and finalized the transaction, avoiding indebtedness by accepting no gifts from the people (cp. 14:21-24). The Hittite elders witnessed the transaction, ensuring that no one could challenge Abraham’s full ownership of the land. The transaction took place at the city gate, where public legal and business dealings were conducted (cp. 19:1). The land became Abraham’s permanent possession, a down payment on God’s promise to give him the land. Abraham knew that God’s promise was not fulfilled (12:7) by this acquisition, so he planned for the future. By buying land for his dead, he declared that God’s promises do not end with this life. This is the hope of all who…”