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Merk of Charles II, 1671. 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 based on this, rather than its actual area. Originally a Scots mark or merk was 13s 4d (160 pence), but the Scottish coinage depreciated against the English, and by the 18th century a Scots merk was worth only 13 1 / 3 d sterling – one-twelfth of its original value.
The Scottish currency was later devalued relative to sterling by debasement of its coinage. [citation needed] By the time of James III, one pound Scots was valued at five shillings sterling. [citation needed] Silver coins were issued denominated in merk, worth 13s.4d. Scots (two-thirds of a pound Scots).
Others, such as mark and dollar, would be more associated with various foreign currencies by contemporary Scots. Some British coins later had explicitly Scottish reverses: for example the shilling appeared with either English or Scottish royal arms as reverses from 1937 to 1970, while its replacement the 5p coin had a crowned thistle from 1971 ...
The mark used in the market of Cologne (Cologne mark: 233.856 g, 8.2490 oz) was used to define the value of the official gold and silver currencies of the Holy Roman Empire including the Reichsthaler silver coin. In 1566, a Reichsthaler was introduced of which 9 were to be minted from a Cologne mark of fine silver.
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.
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The mark for silver meeting the sterling standard of purity is the Lion Passant, but there have been other variations over the years, most notably the mark indicating Britannia purity. The Britannia standard was obligatory in Britain between 1697 and 1720 to try to help prevent British sterling silver coins from being melted to make silver plate .