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The value of the silver money which circulated in Scotland before

the Union in 1707, and which, immediately after it, was brought

into the Bank of Scotland, in order to be recoined, amounted to

£411,117: 10: 9 sterling. No account has been got of the gold

coin; but it appears from the ancient accounts of the mint of

Scotland, that the value of the gold annually coined somewhat

exceeded that of the silver. There were a good many people, too,

upon this occasion, who, from a diffidence of repayment, did not

bring their silver into the Bank of Scotland; and there was,

besides, some English coin, which was not called in. The whole

value of the gold and silver, therefore, which circulated in

Scotland before the Union, cannot be estimated at less than a

million sterling.