Treaty of Edinburgh–Northampton and cousin, and was crowned in 1306. He decisively defeated the English, under Edward II, at Bannockburn in 1314. Peace talks were held between 1321 and 1324. Little progress was made, as the English refused to recognise Robert the Bruce as King of Scots, although a truce was agreed in 1323, to last thirteen years. Edward II claimed he adhered to this truce, but he allowed English privateers to attack Flemish vessels trading with Scotland. For example, privateers seized the Flemish vessel "Pelarym", worth £2,000, and massacred all the Scots on board. Robert the Bruce demanded justice, but in vain,
Pound Scots shillings 4 pence (two-thirds of a pound Scots). When James VI became King James I of England in 1603, the coinage was reformed to closely match that of England, with 12 pounds Scots equal to the pound sterling. No gold coinage was issued from 1638 to 1700, but new silver coinage was issued from 1664 to 1707. In 1707, the pound Scots was replaced by the pound sterling at a rate of 12 to 1 (1 pound Scots equal to 1s 8d sterling), although the pound Scots continued to be used in Scotland as a unit of account for most