When is a pound not a pound…? (2024)

…when it’s cheaper to buy, all round!

Travelling to Scotland? If so, you will encounter banknotes issued by Scottish banks.

Scottish banknotes have identical face values as their English and Welsh counterparts (£5, £10, £20 and £50 are typical denominations, although you may occasionally see £1 and £100 banknotes in Scotland).

However, Scottish banknotes look very different from English and Welsh banknotes. And, Scottish banknotes arenotissued by the Bank of England.

A QUICK Q&A
Q:Is a Scottish £1 worth the same as an English £1?
A:Yes! It’s the same currency (British Pounds Sterling. You will often see the currency code of GBP).

Q:Can Scottish banknotes be used in England and Wales?
A:Interestingly, while Scottish banknotes are not in fact “legal tender” in England and Wales (yet they represent the one currency, British Pounds Sterling), they are oftenaccepted in England and Wales. However, whether (or not) a particular vendor or service provider will accept them is a matter for you and the vendor/service provider to agree upon.

WHY ARE YOU TELLING ME THIS?
Because of the uncertainty around using Scottish banknotes in England and Wales, Crown Currency Exchange sells Scottish banknotes, when we receive them, at abetter ratethan English pounds.

It’s the same currency, worth the same amount in the UK. You just get a better rate!

WHAT DOES THIS MEAN?
A recent instore rate for GBP at Crown Currency Exchange was A$1 = £0.5914. For Scottish banknotes, our rate was A$1 = £0.6018, more than a penny better!

Remember: it’s the same currency, worth the same amount in the UK. You just get a better rate!

Call Crown Currency Exchange at Westfield Carindale on07 3395 2177(or e-mail at[email protected]) to see if we have any Scottish bank notes in stock!

We look forward to seeing you, soon.

Please note: better rates on Scottish bank notes are strictly subject to availability. Availability is not guaranteed. Swapping between Scottish and English notes is not permitted.

When is a pound not a pound…? (2024)

FAQs

Why do people say pound and not pounds? ›

The general plural of "pound" has usually been "pounds" (at least since Chaucer), but the continuing use of the Old English genitive or neuter "pound" as the plural after numerals (for both currency and weight) is common in some regions. It can be considered correct, or colloquial, depending on region.

What is the saying pound for pound? ›

Pound for pound, I'm stronger than you. It means that one person is stronger than the other, relative to their weight.

Why is a pound a pound? ›

The unit is descended from the Roman libra (hence the symbol lb, descended from the scribal abbreviation, ℔). The English word pound comes from the Roman libra pondo ('the weight measured in libra'), and is cognate with, among others, German Pfund, Dutch pond, and Swedish pund.

Is 500g 1 pound? ›

Current Definition: 1 pound is legally defined as exactly 0.45359237 kilograms. Since 1 kilogram equals 1000 grams, 1 pound equals approximately 453.59237 grams, not 500 grams.

Why do they say pound for pound? ›

In boxing, the term was historically associated with fighters such as Benny Leonard and Sugar Ray Robinson who were widely considered to be the most skilled fighters of their day, to distinguish them from the generally more popular (and better compensated) heavyweight champions.

What do British people say instead of pounds? ›

#16: Quid. Another British slang word for pound – the U.K.'s currency.

What does no 1 pound for pound mean? ›

Pound for Pound Explained

The phrase, when applied to fighters, refers to a hypothetical comparison of athletes from different weight classes to determine who is the most skilled or accomplished relative to their weight. In essence, it aims to identify the best overall fighter, irrespective of size or weight category.

What is English slang for pound? ›

"Quid" is a slang expression for the British pound sterling, or the British pound (GBP), the currency of the United Kingdom (U.K.).

Who coined the phrase pound for pound? ›

By the middle of the 20th century the term “pound-for-pound best” became heavily linked with Sugar Ray Robinson, in recognition of his outstanding talent, despite being too small to compete in the more lucrative and popular, Heavyweight division.

Why do Americans call pound? ›

In American English the "#" was simply called a "number sign" when preceding a numeral and found its North American denotation as a "pound sign" when used as the symbol for pounds of weight (e.g. "5# of sand"). British English uses the £ symbol for pounds.

What is the oldest money in the world? ›

Sterling is the world's oldest currency in continuous use since its inception. In 2022, it was the fourth-most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen.

What defines a pound? ›

pound noun [C] (WEIGHT)

a unit for measuring weight: One pound is approximately equal to 454 grams. One kilogram is roughly the same as 2.2 lbs. There are 16 ounces in one pound.

Is half a kg 1 pound? ›

One pound is equal to 0.453 kg.

Is 100 grams heavier than 1 pound? ›

This means that 1 pound is roughly equivalent to 453.592 grams. Since 453.592 grams are significantly more than 100 grams, it's clear that 1 pound is larger than 100 grams.

Is 8 gram gold equal to 1 pound? ›

1 pound ( British Pound - lb) is equal to 453.592 grams. 1 sovereign of gold is 8 grams .

Is it correct to say pounds? ›

Depends on where in the sentence you use it. If the word “pound” is part of the description of something, as in “he dropped a 100 pound weight on his foot” then the word “pound” is appropriate. If the weight is the focus of the sentence, “pounds” is acceptable. “He weighs 100 pounds.”

Why is lb pronounced pound? ›

When the ancient Romans referred to weight, they used the term libra pondo. Libra meant "weight" or "balance scales," and pondo meant "pound." They eventually shortened the phrase to just libra, which they abbreviated “lb."

What do Brits call pounds? ›

The British pound sterling (GBP) is the oldest currency used today. It is often referred to by its nickname, quid. A quid equals £1, or one pound sterling.

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