Talk:Pound Scots

Numismatics: British currency Mid‑importance

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Scotland Mid‑importance

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Name[edit]

Is there a reason the name is Pound Scots rather than Scots Pound? -- Nik42 29 June 2005 19:05 (UTC)

We say Pound Sterling too, by the way. Doops | talk 16:50, 4 October 2005 (UTC)[reply]

Pound Scots was the traditional way to refer to it, also, ditto Doops comments. --MacRusgail 18:25, 30 July 2006 (UTC)[reply]

Deflation[edit]

Was there really overall deflation over the 18th century? The article, saying that the pound Scots "declined in value at a greater rate than the English currency" which implies there was. In a climate of overall inflation (as we're used to today), we would say that it grew in value at a slower rate than English money. Doops | talk 16:50, 4 October 2005 (UTC)[reply]

If a currency declines in value, that's inflation, not deflation. A lower value for the pound means it takes more pounds to buy the same goods and services, thus, higher prices Nik42 10:55, 9 November 2005 (UTC)[reply]

The decline in value was over a much longer period than the 18th century - the English and Scottish Pounds had the same value in about the thirteenth century, I think, and the 12:1 exchange rate was what was in effect by the time of the Act of Union. -- Arwel (talk) 15:48, 9 November 2005 (UTC)[reply]

Images[edit]

Please note that Scottish banknotes issued since the Union are not "Pounds Scots" but "Pounds Sterling". This is why I'm deleting the picture of an RBS £1 note someone has put on this article today. -- Arwel (talk) 13:13, 10 August 2006 (UTC)[reply]

Can someone please post images of Scottish banknotes within this article, It would be useful to see what these things look like. —Preceding unsigned comment added by 119.48.198.178 (talk) 23:49, 3 April 2009 (UTC)[reply]

The article you're looking for is Banknotes of the pound sterling#Scotland. This article is about the Historic currency of Scotland, Scotland now spends the pound sterling. Scroggie (talk) 18:40, 6 April 2009 (UTC)[reply]

Accepted as payment throughout the UK?[edit]

The article says "These notes are accepted as payment throughout the United Kingdom", refering to Pound Sterling notes issued by Scottish banks. In my experience as an Englishman in England (Cheltenham, Gloucestershire), I have frequently found that many English shops and traders refuse to accept Scottish notes, as they are unfamiliar with them and have no way to verify their authenticity. For example, during the Cheltenham Gold Cup horse racing week, most Cheltenham shops will refuse to accept Scottish notes. Scottish notes may be common in the north of England but they are not common in the south and it is untrue to say that they "are accepted as payment throughout the United Kingdom". Can anyone quote a legal/government source stating that they are legal tender? If not, this section needs changing. Andrew Oakley (talk) 16:24, 1 April 2008 (UTC)[reply]

I agree with you and have changed it to "may be accepted as payment...". They are of course not legal tender anywhere in the UK, but that does not affect their acceptability as money, subject to the agreement of both parties to the transaction. -- Arwel (talk) 22:07, 1 April 2008 (UTC)[reply]

As a Canadian whose family coincidentally resides in Cheltenham, it has been my experience that Scotch notes are nice souvenirs in England.

Varlaam (talk) 17:17, 1 June 2012 (UTC)[reply]

[REX] SCT TOR[edit]

A Latin translation would be helpful.
King of the Scots. TOR? What is Tor?
Varlaam (talk) 17:18, 1 June 2012 (UTC)[reply]

[REX] SCT TOR is an abbreviated form of the Latin phrase `Rex Scotorum', meaning King of [the] Scots, the official title of the King of Scotland. Barney Bruchstein (talk) 01:28, 30 January 2014 (UTC)[reply]

Merk[edit]

Why was there a coin worth two thirds of a Pound Scots?? Some info on this would improve the article. 2A00:23C7:E284:CF00:F9A6:4B5E:5445:9E52 (talk) 17:25, 21 July 2021 (UTC)[reply]

Scots/Sterling conversion[edit]

I came across this source ("The Newton Project is creating a digital edition of Newton’s work at the Mint, which will bring to light the historical and economic significance of his accomplishments") and will come back to mine it later unless some kind person does the needful first. Hopefully it will fulfil the citation requests. THE CASE OF MR. ALLARDE'S REPORT (16 Feb. 1709/10) 𝕁𝕄𝔽 (talk) 16:24, 18 October 2022 (UTC)[reply]

And this Holograph draft of MINT00437 (Mint 19/3/17) (Recall that what the English called a penny the Scots called a shilling, which I suspect explains Newton's crossing out. This is the 13:12 ratio mentioned in the article.)

Three pounds scots are worth 54s 61/2d english at their just value, but the Scots valued 13 shillings scots at ~~One~~twelve ~~shilling~~ pence english before the union & at thirteen pence english in distributing the equivalent.

and this Printed proclamation calling in Scottish crowns and 40s., 20s. and 10s. pieces by 10 February 1708 for recoinage

and even more detailed: Printed ready-reckoner, compiled by George Brown, of the value in sterling silver of varying finenesses of bullion (for the use of merchants supplying bullion to the Mint) (Edinburgh, 1687) Hours of fun for girls and boys! --𝕁𝕄𝔽 (talk) 18:12, 18 October 2022 (UTC)[reply]