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.


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1869 AU58 Shield Back Full Gold Sovereign Coin Royal Mint Victoria 1869 UK GB
1869 AU58 Shield Back Full Gold Sovereign Coin Royal Mint Victoria 1869 UK GB
£ 689.10
Gold Sovereign Best Value Gold Coin
Gold Sovereign Best Value Gold Coin
£ 637.09
Bullion Gold Half Sovereign Best Value
Bullion Gold Half Sovereign Best Value
£ 325.68
2004 Royal Mint 22 Carat Gold Proof Half Sovereign Coin  Queen Elizabeth 11
2004 Royal Mint 22 Carat Gold Proof Half Sovereign Coin Queen Elizabeth 11
£ 389.22
KING GEORGE III GOLD SOVEREIGN 1820
KING GEORGE III GOLD SOVEREIGN 1820
£ 1,995.72
1982 Proof Full Gold Sovereign Coin
1982 Proof Full Gold Sovereign Coin
£ 669.72
The Coronation of King Charles III 2023 Gold Proof Sovereign Coin Graded PF 70
The Coronation of King Charles III 2023 Gold Proof Sovereign Coin Graded PF 70
£ 750.00
2025 One Eighth Sovereign- 22ct solid gold coin- CHARLES III -Gibraltar Free P&P
2025 One Eighth Sovereign- 22ct solid gold coin- CHARLES III -Gibraltar Free P&P
£ 115.12
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USA On eBay USA:


1869 AU58 Shield Back Full Gold Sovereign Coin Royal Mint Victoria 1869 UK GB
1869 AU58 Shield Back Full Gold Sovereign Coin Royal Mint Victoria 1869 UK GB
£ 689.10
Gold Sovereign Best Value Gold Coin
Gold Sovereign Best Value Gold Coin
£ 637.09
Bullion Gold Half Sovereign Best Value
Bullion Gold Half Sovereign Best Value
£ 325.68
2004 Royal Mint 22 Carat Gold Proof Half Sovereign Coin  Queen Elizabeth 11
2004 Royal Mint 22 Carat Gold Proof Half Sovereign Coin Queen Elizabeth 11
£ 389.22
KING GEORGE III GOLD SOVEREIGN 1820
KING GEORGE III GOLD SOVEREIGN 1820
£ 1,995.72
1982 Proof Full Gold Sovereign Coin
1982 Proof Full Gold Sovereign Coin
£ 669.72
The Coronation of King Charles III 2023 Gold Proof Sovereign Coin Graded PF 70
The Coronation of King Charles III 2023 Gold Proof Sovereign Coin Graded PF 70
£ 750.00
2025 One Eighth Sovereign- 22ct solid gold coin- CHARLES III -Gibraltar Free P&P
2025 One Eighth Sovereign- 22ct solid gold coin- CHARLES III -Gibraltar Free P&P
£ 115.12
View Coins on eBay UK
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