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jtstandaed | 16:53 Wed 14th Jun 2006 | Business & Finance
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what was the value of a ' mark ' in old money
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deutchmark or reichmark (spelling??)
A "mark" in old British money never existed as a coin but was a unit of account. It was first used in the 10th century being introduced into book-keeping by the Danes seemingly and was at first equal to 100 pence. After the Norman conquest it's value was revised to equal 160 pence or thirteen shillings and four pence in the old money.

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