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During the war, Scotland struck a few copper coins but after the war the Edinburgh mint closed and Scotland used the regular coins of the Commonwealth of England. [ 19 ] Although the Parliament of Scotland proclaimed Charles II King on 5 February 1649, he did not strike coins in Scotland until 1664.
The Scottish Mint was the Kingdom of Scotland's official maker of Scottish coinage. There were a number of mints in Scotland, for the production of the Scottish coinage with the most important mint being in the capital, Edinburgh , which was active from the reign of David I (1124–1153), and was the last to close, in the 19th century.
The unicorn was a gold coin that formed part of Scottish coinage between 1484 and 1525. It was initially issued in the reign of James III with a value of 18 shillings Scots, [1] but rising gold prices during the reign of James V caused its value to increase first to 20 shillings, and then 22. [2] The obverse of the coin shows a crowned unicorn.
Silver coins were issued denominated in merk, worth 13s.4d. Scots (two-thirds of a pound Scots). Scots (two-thirds of a pound Scots). When James VI became King James I of England in 1603, the coinage was reformed to closely match sterling coin , with £12 Scots equal to £1 sterling. [ 1 ]
The merk (Scottish Gaelic: marg) is a long-obsolete Scottish silver coin. Originally the same word as a money mark of silver, the merk was in circulation at the end of the 16th century and in the 17th century. It was originally valued at 13 shillings 4 pence (exactly 2 ⁄ 3 of a pound Scots, or about one shilling sterling), later raised to 14s ...
A pistole was a Scottish gold coin minted in 1701 under the reign of King William III. Along with the half-pistole it was the last gold coin minted for Scottish coinage. [ 1 ] With a weight of 106 grains (6.9 grams; 0.22 troy oz), the coin was equal to 12 Scottish pounds .
The Penny Scots was a unit of the Pound Scots, the currency of Scotland until the Acts of Union 1707. The word "penny" ( Scottish Gaelic : peighinn , but see below) was used in Scottish parlance for money generally; for example, a "penny-fee" was an expression for wages, [ 1 ] a "penny-maister" would be a town treasurer, and a "penny-wedding ...
The value of some coins fluctuated, particularly in the reigns of James I and Charles I. The value of a guinea fluctuated between 20 and 30 shillings before being fixed at 21 shillings in December 1717. These are denominations of British, or earlier English, coins – Scottish coins had different values.
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