Difference between Pound and Quid

Difference between Pound and Quid


A currency is the most powerful weapon of a country. It takes the country from ground to high in the sky and the same currency can bring a country from the peak of success to the darkness. It has a hold over the economy of a nation. With the help of constant struggle, one nation can increase the power of a currency.

In the present world, we see that dollar is the most powerful currency other than this, we have the pound which is acceptable in western countries. The Pound is often confused with Quid. In this article, we will be explaining the difference between pound and quid. Not only this, we will be seeing various features of both terms.

What is a Pound?

In the United Kingdom, the Pound is used as a national currency. Not only here, but it is also a currency of Egypt and different countries. It has the title of being the oldest currency in the world that is still in use. In the United Kingdom, it is known as Pound Sterling.

The word pound came into existence in the 8th century, there is a piece of valid evidence present in history in this aspect. It is derived from the Latin language word ‘Poundus’ which means weight. The symbol to denote this currency is £.

There are different other names that are used for the pound as a replacement. These names are smacker, sovereign, smackeroo, sterling, and nicker. In Australia, initially, the pound was used there as its currency but soon it shifted to another currency. The Pound remained its currency from the year 1910 to 1966. Later on, the dollar was adopted as its currency. Same as Australia there are other countries too who have done this.

What is a Quid?

Just like sterling and nicker, Quid is another name of Pound. We can also say that it is a slang word that is used instead of Pound. Its value is 100 pence. The stats of Quid is the same as Pound. It came into being in the 17th century but it is a mystery that is yet to be solved.

Some historians believe that it is derived from the Italian word ‘Scudo’ which was used by Italian immigrants. The history of Scudo goes back to the 19th century when coins were used in Italy. While other historians believe that this word is a successor of the Latin word Quid which was used to exchange different items.

Whereas, the local citizens believe that it is has derived from the Quid Hampton Village of England. It is said that this money was printed there in a paper mill named Royal Mint Paper Mill. It could be possible that this money became popular in that era.

Difference between Pound and Quid:

We have observed various facts related to the pound and quid. Now, it’s time to see the difference between these terms.


Parameters of comparison




It is the official currency of many countries including the United Kingdom.

It is the slang term used for Pound.


Its origin leads back to Latin.

Its origin leads back to many different places according to different historians.

Formed in

It came into existence in the 8th century.

It came into existence in the 17th century.

Used in

It is used in the United Kingdom, Lebanon, Egypt, and other countries.

It is used wherever the Pound is used.


Its nicknames are smacker, sovereign, and many others.

It is itself a nickname for pound.



In the end, we would like to say that there is no difference between Pound and Quid. The only difference is in the emergence and origin of the two terms. In simplest words, Quid is the nickname for Pound. Whereas, Pound is one of the strongest currencies in the world which came into existence in the 8th century and is still in use.

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