Q&A: When were iron nails used as currency in Scotland?
Question by Rob S: When were iron nails used as currency in Scotland?
The Wikipedia article on the history of money mentions that iron nails were once used as money in Scotland. When was this, and how did the system work? What made nails suitable for playing the role of currency?
Answer by Adam L
Before I had seen that question, I hadn’t had a clue that that might have occured. Be weary of wikipedia, it has no academic value to it at all – it is a cardinal sin to reference it in university essays since your source could be anyone in the world, anywhere, with no real knowledge of what they’re talking about.
That aside, i assume if iron nails really were used as currency, then it would be because iron was a valuable resource at the time…well, to the extent that it was frequent enough to be used as currency.
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