Talk:Pound Scots
From Wikipedia, the free encyclopedia
 |
This article is part of the WikiProject Numismatics, which is an attempt to facilitate the categorization and creation of accurate and formal Numismatism-related articles on Wikipedia. If you would like to participate please visit the project page, where you can join and see a list of open tasks to help with. |
| Start | This article has been rated as start-Class on the quality scale. |
| Mid | This article has been rated as mid-importance on the importance scale. |
Is there a reason the name is Pound Scots rather than Scots Pound? -- Nik42 29 June 2005 19:05 (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)
