Talk:Pound Scots

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Is there a reason the name is Pound Scots rather than Scots Pound? -- Nik42 29 June 2005 19:05 (UTC)

We say Pound Sterling too, by the way. Doops | talk 16:50, 4 October 2005 (UTC)

Pound Scots was the traditional way to refer to it, also, ditto Doops comments. --MacRusgail 18:25, 30 July 2006 (UTC)

[edit] Deflation

Was there really overall deflation over the 18th century? The article, saying that the pound Scots "declined in value at a greater rate than the English currency" which implies there was. In a climate of overall inflation (as we're used to today), we would say that it grew in value at a slower rate than English money. Doops | talk 16:50, 4 October 2005 (UTC)

If a currency declines in value, that's inflation, not deflation. A lower value for the pound means it takes more pounds to buy the same goods and services, thus, higher prices Nik42 10:55, 9 November 2005 (UTC)

The decline in value was over a much longer period than the 18th century - the English and Scottish Pounds had the same value in about the thirteenth century, I think, and the 12:1 exchange rate was what was in effect by the time of the Act of Union. -- Arwel (talk) 15:48, 9 November 2005 (UTC)

[edit] Images

Please note that Scottish banknotes issued since the Union are not "Pounds Scots" but "Pounds Sterling". This is why I'm deleting the picture of an RBS £1 note someone has put on this article today. -- Arwel (talk) 13:13, 10 August 2006 (UTC)

[edit] Accepted as payment throughout the UK?

The article says "These notes are accepted as payment throughout the United Kingdom", refering to Pound Sterling notes issued by Scottish banks. In my experience as an Englishman in England (Cheltenham, Gloucestershire), I have frequently found that many English shops and traders refuse to accept Scottish notes, as they are unfamiliar with them and have no way to verify their authenticity. For example, during the Cheltenham Gold Cup horse racing week, most Cheltenham shops will refuse to accept Scottish notes. Scottish notes may be common in the north of England but they are not common in the south and it is untrue to say that they "are accepted as payment throughout the United Kingdom". Can anyone quote a legal/government source stating that they are legal tender? If not, this section needs changing. Andrew Oakley (talk) 16:24, 1 April 2008 (UTC)

I agree with you and have changed it to "may be accepted as payment...". They are of course not legal tender anywhere in the UK, but that does not affect their acceptability as money, subject to the agreement of both parties to the transaction. -- Arwel (talk) 22:07, 1 April 2008 (UTC)