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About: Pound Scots     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:SystemOfMeasurement113577171, within Data Space : dbpedia.org associated with source document(s)

Type: Thingcurrencyyago:WikicatCoinsOfScotlandyago:WikicatCurrenciesOfScotlandyago:WikicatCurrenciesOfTheUnitedKingdomyago:WikicatMedievalCurrenciesyago:WikicatModernObsoleteCurrenciesyago:Abstraction100002137yago:Coin113388245yago:Coinage113387877yago:Currency113385913yago:Measure100033615yago:MediumOfExchange113372961organisationyago:Standard107260623yago:SystemOfMeasurement113577171 New Facet based on Instances of this Class

The pound (Modern and Middle Scots: Pund) was the currency of Scotland prior to the 1707 Treaty of Union between the Kingdom of Scotland and the Kingdom of England, which created the Kingdom of Great Britain. It was introduced by David I, in the 12th century, on the Carolingian monetary system of a pound divided into 20 shillings, each of 12 pence. The Scottish currency was later devalued relative to sterling by debasement of its coinage. By the time of James III, one pound Scots was valued at five shillings sterling.