The Institute of Heraldic and Genealogical Studies

The School of Family History

A Scottish merk explained . . .

Tuesday 20th October 2015

The 1707 Act of Union, amongst other things, unified currency across England and Scotland.  But while Scottish currency was officially abolished in that year, it still remained as a concept in many aspects of society.

Thus a will of 1762 found by one of our researches today refers to a bond recorded in "merks", or silver marks, being one of the old Scottish coins.  A merk was the equivalent of 13 Scottish shillings, and 4 pence, or in sterling, 13 pence.  Although it was not technically in use at this time, land and other items were sometimes valued in merks, although paid in sterling.

 

 

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