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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 British pre-decimal penny was a denomination of sterling coinage worth 1 ⁄ 240 of one pound or 1 ⁄ 12 of one shilling.Its symbol was d, from the Roman denarius.It was a continuation of the earlier English penny, and in Scotland it had the same monetary value as one pre-1707 Scottish shilling.
The British decimal one penny (1p) coin is a unit of currency and denomination of sterling coinage worth 1 ⁄ 100 of one pound. Its obverse featured the profile of Queen Elizabeth II since the coin's introduction on 15 February 1971, the day British currency was decimalised , until her death on 8 September 2022 .
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 ...
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 ] No gold coinage was issued from 1638 to 1700, but new silver coinage was issued from 1664 to 1707.
A plack (Scottish Gaelic: plang) was an ancient Scottish coin of the value of four Scots pence or, by 1707, one-third of an English penny. [ 1 ] Issues and nomenclature
Penny is first attested in a 1394 Scots text, [n 1] a variant of Old English peni, a development of numerous variations including pennig, penning, and pending. [n 2] The etymology of the term "penny" is uncertain, although cognates are common across almost all Germanic languages [n 3] and suggest a base *pan-, *pann-, or *pand-with the individualizing suffix -ing.
1604 penny of James I with portrait. Silver penny of James I, with rose and thistle. When Elizabeth died unmarried and childless in 1603, the throne passed to James VI of Scotland, a great-grandson of Henry VII, who ruled in England as James I. James's silver coinage changed little from that of Elizabeth in production and style.