The Guinea

1813 George III Gold 'Military' Guinea Obverse. Image: M J Hughes Coins
1813 George III Gold 'Military' Guinea Obverse. Image: M J Hughes Coins
1813 George III Gold ‘Military’ Guinea Obverse. Image: M J Hughes Coins

The Guinea is a famous British gold coin minted between 1663 and 1814. The coin was originally created as a one pound coin (20 shillings) but is better known as being worth One Pound and One Shilling (21 shillings).

After the English Civil War, King Charles II introduced new coinage. A gold coin, approximately a quarter of an ounce, was issued and for the first time it was not hammered. Made by machine using gold from the Guinea Coast of West Africa the coin probably became the most important coin of the realm.

1813 George III Gold 'Military' Guinea Reverse. Image: M J Hughes Coins
1813 George III Gold ‘Military’ Guinea Reverse. Image: M J Hughes Coins

Originally 20 shillings, the coin actually fluctuated with the gold price, at times being as high as 30 shillings. In 1717 the Guinea became fixed at 21 shillings (in today’s money that is £1.05). Other coins of the family were also minted, such as half-guinea, two-guinea and five-guinea.

In the Great Recoinage of 1816 the Guinea was replaced by the Pound and the Sovereign became the gold coin in use. Long after the Guinea was retired the name continued to be used, especially for prestige purchases intended for the more wealthy. Even now racehorses are still sold in Guineas (the auctioneer traditionally taking the 5p as commission).

Guineas are 25mm in diameter, weigh about 8.38g and are 22 carat gold (91.6%). Prior to 1717 they weighed slightly less (around 8.3g) and were made of 91.34% gold.


UK On eBay UK:


1910 Half-Sovereign Gold Coin. Edward VII, XF-45 Grade. Collectors Choice
1910 Half-Sovereign Gold Coin. Edward VII, XF-45 Grade. Collectors Choice
£ 295.00
22ct GOLD GEORGE V 1911 FULL SOVEREIGN St GEORGE & DRAGON COIN
22ct GOLD GEORGE V 1911 FULL SOVEREIGN St GEORGE & DRAGON COIN
£ 600.00
22ct Gold Full Sovereign Coin 1900 with 9ct Gold Pendant Mount - Queen Victoria
22ct Gold Full Sovereign Coin 1900 with 9ct Gold Pendant Mount - Queen Victoria
£ 750.00
9ct Yellow Gold on Silver Sovereign Coin Ring - ALL SIZES AVAILABLE inc LARGE
9ct Yellow Gold on Silver Sovereign Coin Ring - ALL SIZES AVAILABLE inc LARGE
£ 29.95
1966 22ct Full Gold Sovereign Coin £510
1966 22ct Full Gold Sovereign Coin £510
£ 510.00
1964 22ct Full Gold Sovereign Coin £510
1964 22ct Full Gold Sovereign Coin £510
£ 510.00
London Mint Office 2015 Gold 1/4 Quarter Sovereign Coin (1.99g 22ct) Proof
London Mint Office 2015 Gold 1/4 Quarter Sovereign Coin (1.99g 22ct) Proof
£ 209.00
CHUNKY, 22ct FULL Sovereign Gold Coin 9ct Gold mount, 2001, Size Z, Bullion
CHUNKY, 22ct FULL Sovereign Gold Coin 9ct Gold mount, 2001, Size Z, Bullion
£ 1,249.99
View Coins on eBay UK
View Coins on eBay USA

USA On eBay USA:


1910 Half-Sovereign Gold Coin. Edward VII, XF-45 Grade. Collectors Choice
1910 Half-Sovereign Gold Coin. Edward VII, XF-45 Grade. Collectors Choice
£ 295.00
22ct GOLD GEORGE V 1911 FULL SOVEREIGN St GEORGE & DRAGON COIN
22ct GOLD GEORGE V 1911 FULL SOVEREIGN St GEORGE & DRAGON COIN
£ 600.00
22ct Gold Full Sovereign Coin 1900 with 9ct Gold Pendant Mount - Queen Victoria
22ct Gold Full Sovereign Coin 1900 with 9ct Gold Pendant Mount - Queen Victoria
£ 750.00
9ct Yellow Gold on Silver Sovereign Coin Ring - ALL SIZES AVAILABLE inc LARGE
9ct Yellow Gold on Silver Sovereign Coin Ring - ALL SIZES AVAILABLE inc LARGE
£ 29.95
1966 22ct Full Gold Sovereign Coin £510
1966 22ct Full Gold Sovereign Coin £510
£ 510.00
1964 22ct Full Gold Sovereign Coin £510
1964 22ct Full Gold Sovereign Coin £510
£ 510.00
CHUNKY, 22ct FULL Sovereign Gold Coin 9ct Gold mount, 2001, Size Z, Bullion
CHUNKY, 22ct FULL Sovereign Gold Coin 9ct Gold mount, 2001, Size Z, Bullion
£ 1,249.99
London Mint Office 2015 Gold 1/4 Quarter Sovereign Coin (1.99g 22ct) Proof
London Mint Office 2015 Gold 1/4 Quarter Sovereign Coin (1.99g 22ct) Proof
£ 209.00
View Coins on eBay UK
View Coins on eBay USA