Penny Scots

{{Use dmy dates|date=April 2022}}

File:Dabíd mac Maíl Choluim Coinage.JPG. Represents the first "native" Scottish coinage, as in the first silver coinage to have a Scottish king's head on it.]]

The Penny Scots was a unit of the Pound Scots, the currency of Scotland until the Acts of Union 1707. The word "penny" ({{langx|gd|peighinn}}, but see below) was used in Scottish parlance for money generally; for example, a "penny-fee" was an expression for wages,{{cite dictionary |last= MacKay |first=Charles |dictionary=A Dictionary of Lowland Scotch |title=penny-fee |date=1888 |url=https://archive.org/details/adictionarylowl01mackgoog/page/n192/mode/1up |page=152|publisher=Ticknor and Co |location=Boston}} a "penny-maister" would be a town treasurer, and a "penny-wedding" was one where every guest contributed to pay for the event.{{cn|date=August 2022}} Meanwhile, "penny-wheep" was particularly poor beer.{{cn|date=August 2022}}

{{lang|sco|My riches a’s my penny-fee,

{{nbsp}}{{nbsp}}{{nbsp}}{{nbsp}}{{nbsp}}{{nbsp}}And I maun guide it canny, O.}}

{{nbsp}}{{nbsp}}{{nbsp}}{{nbsp}}{{nbsp}}{{nbsp}}{{nbsp}}{{nbsp}}{{nbsp}}{{nbsp}}{{nbsp}}{{nbsp}}{{mdash}}{{nbsp}}Burns, My Nannie, O

The older Scottish Gaelic word for penny was peighinn. The modern form is sgillinn, literally shilling, which reflects the fact that at the Union with England in 1707, the exchange rate was fixed at twelve Pounds Scots to one Pound Sterling so one shilling Scots exchanged for one English penny.{{cite journal|last=Meikle|first=Maureen|title=Review of "Prices, Food and Wages in Scotland, 1550–1780|journal=Albion: A Quarterly Journal Concerned with British Studies|publisher=North American Conference on British Studies |url=https://www.jstor.org/stable/4052591 |url-access=subscription |volume=27|issue=4|page=724|jstor=4052591}}