← Read the currency articlePound Scots: research record
Evidence coverage: 1560–1740. This is the span of collected observations, not the currency’s lifetime.
This record includes associated currencies and earlier interpretations. The article selects the evidence relevant to its own history.
← Locate this currency on the treeCurrency continuity
Pound Scots
T-FTM000590 · Research draft
One scoped currency identity. Changes to subdivisions, scale, standard, instruments or issuers do not by themselves create children. A distinct account unit can remain a successor.
Dated observations: 1560–1740; this does not establish the entire lifetime.
Parents / predecessors
Children / successors
No distinct successor currency is established in the loaded view.
Unit and issue records 4 records
Evidence within this identity, not separate currencies.
Pound Scots account unitFTM000590 · C271, C272
A distinct Scottish account pound · C2100
Twelve Scots pounds to one sterling pound · C2101
Scottish accounts survive the coinage union · C2102
Latest research
A distinct Scottish account poundIn 1560 five pounds Scots equalled one pound sterling. This is a dated account valuation, not the introduction of the pound Scots.
Sources and qualifications → Twelve Scots pounds to one sterling poundThe coordinated coin proclamations of 1604 established a 12:1 relation between Scots and sterling accounting units. This account equivalence is distinct from the market exchange rate of actual circulating coins.
Sources and qualifications → Scottish accounts survive the coinage unionNewspaper advertisements as late as 1740 still quoted prices in pounds Scots or merks alongside sterling. The 1707 coinage union did not abolish the Scottish account units; their final disappearance is not dated here.
Sources and qualifications → Account-unit observations
Dated evidence, not exact birth or extinction dates.
1560supportedIn 1560 five pounds Scots equalled one pound sterling. This is a dated account valuation, not the introduction of the pound Scots.
C2100 1604supportedThe coordinated coin proclamations of 1604 established a 12:1 relation between Scots and sterling accounting units. This account equivalence is distinct from the market exchange rate of actual circulating coins.
C2101 1740supportedNewspaper advertisements as late as 1740 still quoted prices in pounds Scots or merks alongside sterling. The 1707 coinage union did not abolish the Scottish account units; their final disappearance is not dated here.
C2102
Evidence & research notes 7 claims
Dated observations, not a proven complete lifespan.
Supported C271
Twelve pounds Scots equalled one pound sterling in accounting; Fox distinguishes this from rates for actual circulating coins.
David Fox, Edinburgh Law Review 23(3), 2019, pp. 360–387 · The Anglo-Scots monetary union of 1707 Citation S142 ·
Open source ↗Accepted manuscript p. 7
Source access and limitations
Account conversion is not a universal market exchange rate; union did not abolish Scots accounting immediately.
Supported C272
Scots pounds continued in prices and accounts for decades after the 1707 union.
David Fox, Edinburgh Law Review 23(3), 2019, pp. 360–387 · The Anglo-Scots monetary union of 1707 Citation S142 ·
Open source ↗Accepted manuscript pp. 26–27
Source access and limitations
Account conversion is not a universal market exchange rate; union did not abolish Scots accounting immediately.
Supported C294
Before union, Scottish accounting used pounds of 20 shillings of 12 pence, alongside a merk worth two-thirds of a pound.
David Fox, Edinburgh Law Review 23(3), 2019, pp. 360–387 · The Anglo-Scots monetary union of 1707 Citation S142 ·
Open source ↗Accepted manuscript p. 6 (PDF p. 7)
Source access and limitations
Account conversion is not a universal market exchange rate; union did not abolish Scots accounting immediately.
Supported C2100
In 1560 five pounds Scots equalled one pound sterling. This is a dated account valuation, not the introduction of the pound Scots.
National Records of Scotland, Scotland’s People · Dates, numbers and sums of money (undated) Citation S1101 ·
Open source ↗Sums of money, paragraphs 1–2: differentiation, 1560 rate and survival after 1707
Source access and limitations
Not a complete origin, lifespan or current-status audit.
Supported C2101
The coordinated coin proclamations of 1604 established a 12:1 relation between Scots and sterling accounting units. This account equivalence is distinct from the market exchange rate of actual circulating coins.
David Fox, Edinburgh Law Review 23(3), 2019, pp. 360–387 · The Anglo-Scots monetary union of 1707 Citation S142 ·
Open source ↗Accepted manuscript p. 11, section C(3): the 1604 issue and the 12:1 account ratio.
Source access and limitations
Account conversion is not a universal market exchange rate; union did not abolish Scots accounting immediately.
Supported C2102
Newspaper advertisements as late as 1740 still quoted prices in pounds Scots or merks alongside sterling. The 1707 coinage union did not abolish the Scottish account units; their final disappearance is not dated here.
David Fox, Edinburgh Law Review 23(3), 2019, pp. 360–387 · The Anglo-Scots monetary union of 1707 Citation S142 ·
Open source ↗Accepted manuscript pp. 25–27, section F: advertisements in 1727 and as late as 1740; continuing Scots accounts.
Source access and limitations
Account conversion is not a universal market exchange rate; union did not abolish Scots accounting immediately.
Qualified C2103
The pound Scots is treated as a qualified regional branch of sterling reckoning: the Scottish National Dictionary identifies an account pound initially equal to sterling, and the National Records of Scotland describes subsequent divergence of the Scottish and English currencies through debasement. This is an inference of account differentiation, not an inference from shared names or an exchange rate alone. The fourteenth-to-sixteenth-century range describes the broad differentiation discussed by the sources, not an exact founding reform; earlier Scottish accounting and the immediate separation date remain unresolved.
National Records of Scotland, Scotland’s People · Dates, numbers and sums of money (undated) Citation S1101 ·
Open source ↗Sums of money, paragraphs 1–2: differentiation, 1560 rate and survival after 1707; Sense 2: account pound initially equal to sterling, subsequent differentiation; dated quotations
Source access and limitations
Not a complete origin, lifespan or current-status audit.
Scottish National Dictionary / Dictionaries of the Scots Language · Pund, n.1, sense 2 (1968; supplement 2005) Citation S1102 ·
Open source ↗Sums of money, paragraphs 1–2: differentiation, 1560 rate and survival after 1707; Sense 2: account pound initially equal to sterling, subsequent differentiation; dated quotations
Source access and limitations
Not a complete origin, lifespan or current-status audit.