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Scotch Pound

(A) was originally of the same value as an English pound, but after 1355 it gradually depreciated, until in 1600 it was but one-twelfth of the value of an English pound, that is about 1s. 8d.

Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894
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More on Scotch Pound from Infoplease:

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