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Merk (coin)
The merk was a Scottish silver coin. Originally the same word as a money mark of silver, the merk was in circulation at the end of the 16th century and in the 17th century. It was originally valued at 13s 4d (exactly ⅔ of a pound Scots, or about one shilling in English coin), later raised to 14s Scots.〔.〕 In addition to merks, half-merk and quarter-merk coins were produced with values of, respectively, 7s and 3s 6d, as well as a four-merk coin of 56s (£2 16s). The first issue weighed 103.8 grains and was 50% silver and 50% base metals,〔.〕 thus it contained 0.108125 troy ounces of silver, worth about £1.45 ($2.27) at August 2013 prices. ''Markland or Merkland'' was used to describe an amount of land in Scottish deeds and legal papers. It was based upon a common valuation of the land. == References ==
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