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“Political union between England and Scotland began with the Union of the Crowns in 1603 which marked the start of a monetary union with the pound Scots pegged to sterling at a rate of twelve to one. The Acts of Union in 1707 brought into effect the Treaty of the Union, where the two parliaments merged into the Parliament of Great Britain, and full monetary harmonisation with sterling replacing the pound Scots to become the legal currency of Great Britain.”

"I'd gie a pound Scots to ken wha chaps," said Mungo, deaf to every humour.

The prices given are in Scots currency, the pound Scots being worth about twenty pence sterling:     Maii, 1651   It. to Andro Carnduff for 4 pund of Tobacco £1.

Twice since the union, the land of cakes has been in rebellion; but as long as a pound Scots was only a twentieth part of a pound English,--as long as the treasury was filled chiefly from south the Tweed, and the sons of poor and proud Scottish lairds could make glittering abstractions from it,--as long as place was to be won or hoped for,--there was no danger.