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Penny Scots

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Picture of a silver penny ofDavid I, King of Scots.Represents the first "native" Scottish coinage, as in the first silver coinage to have a Scottish king's head on it.

ThePenny Scotswas a unit of thePound Scots,the currency of Scotland until theActs 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" was one where every guest contributed to pay for the event.[citation needed]Meanwhile, "penny-wheep" was particularly poorbeer.[citation needed]

My riches a’s my penny-fee,
And I maun guide it canny, O.

Burns,My Nannie, O[1]

The olderScottish Gaelicword forpennywaspeighinn.The modern form issgillinn,literallyshilling,which reflects the fact that at theUnionwithEnglandin 1707, the exchange rate was fixed at twelvePounds Scotsto onePound Sterlingso one shilling Scots exchanged for oneEnglish penny.[2]

See also

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References

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  1. ^abMacKay, Charles (1888)."penny-fee".A Dictionary of Lowland Scotch.Boston: Ticknor and Co. p. 152.
  2. ^Meikle, Maureen."Review of" Prices, Food and Wages in Scotland, 1550–1780 ".Albion: A Quarterly Journal Concerned with British Studies.27(4). North American Conference on British Studies: 724.JSTOR4052591.