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The various Germanic tribes of Beowulf's era (6th century AD) would not have had a centralized currency. The use of gold/silver rings as geld within the social machinate of comitatus was a common practice, as was the appropriation of Carolingian, Roman, Gothic &c. coin types. Indeed, the text of Beowulf -and the corpus of Old English in general- explicates the importance of ring-giving as remuneration through the use of kennings. For instance, Heorot is called a 'hringsele' (ringhall) and in the AS Chronicle poem, the Battle of Brunanburh, the victorious king Aethelstan is entitled the "beorna beag-giefa" (giver of rings to men).
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