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:


2025 Gold Half Sovereign Coin - King Charles III - The Royal Mint (5 Available)
2025 Gold Half Sovereign Coin - King Charles III - The Royal Mint (5 Available)
£ 505.00
Gold Sovereign  coin Uncirculated
Gold Sovereign coin Uncirculated
£ 955.30
1995 Gold Proof Half Sovereign Coin
1995 Gold Proof Half Sovereign Coin
£ 598.90
Royal Mint UK GOLD PROOF SOVEREIGN 1979 to 2026 - Choose your year
Royal Mint UK GOLD PROOF SOVEREIGN 1979 to 2026 - Choose your year
£ 1,225.00
1902 Edward VII: Gold-Plated Half-Sovereign Coin: MODERN MUSEUM SPECIMEN
1902 Edward VII: Gold-Plated Half-Sovereign Coin: MODERN MUSEUM SPECIMEN
£ 3.45
1912 George Half Sovereign 22ct Gold Coin
1912 George Half Sovereign 22ct Gold Coin
£ 475.90
Rare Unseen Effigy of Elizabeth II. Pure Gold Sovereign Set of 7 Decades
Rare Unseen Effigy of Elizabeth II. Pure Gold Sovereign Set of 7 Decades
£ 614.57
18ct Gold Plated Full Soverighn Mount Pendant With Copy Sovereign.
18ct Gold Plated Full Soverighn Mount Pendant With Copy Sovereign.
£ 37.10
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USA On eBay USA:


2025 Gold Half Sovereign Coin - King Charles III - The Royal Mint (5 Available)
2025 Gold Half Sovereign Coin - King Charles III - The Royal Mint (5 Available)
£ 505.00
Gold Sovereign  coin Uncirculated
Gold Sovereign coin Uncirculated
£ 955.30
1995 Gold Proof Half Sovereign Coin
1995 Gold Proof Half Sovereign Coin
£ 598.90
Royal Mint UK GOLD PROOF SOVEREIGN 1979 to 2026 - Choose your year
Royal Mint UK GOLD PROOF SOVEREIGN 1979 to 2026 - Choose your year
£ 1,225.00
1902 Edward VII: Gold-Plated Half-Sovereign Coin: MODERN MUSEUM SPECIMEN
1902 Edward VII: Gold-Plated Half-Sovereign Coin: MODERN MUSEUM SPECIMEN
£ 3.45
1912 George Half Sovereign 22ct Gold Coin
1912 George Half Sovereign 22ct Gold Coin
£ 475.90
Rare Unseen Effigy of Elizabeth II. Pure Gold Sovereign Set of 7 Decades
Rare Unseen Effigy of Elizabeth II. Pure Gold Sovereign Set of 7 Decades
£ 614.57
18ct Gold Plated Full Soverighn Mount Pendant With Copy Sovereign.
18ct Gold Plated Full Soverighn Mount Pendant With Copy Sovereign.
£ 37.10
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