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:


gold sovereign coin 1913 Absolutely Beautiful Gold Mount
gold sovereign coin 1913 Absolutely Beautiful Gold Mount
£ 719.70
gold sovereign coin Proof 1982 Mint Condition
gold sovereign coin Proof 1982 Mint Condition
£ 719.70
Full Gold Sovereign. 1866. Sydney Mint.  Australia. Excellent Coin, and scarce.
Full Gold Sovereign. 1866. Sydney Mint. Australia. Excellent Coin, and scarce.
£ 761.52
gold sovereign coin Rare  1898 Absolutely Stunning
gold sovereign coin Rare 1898 Absolutely Stunning
£ 1,485.72
22ct Gold Half Sovereign Victorian Shieldback 1885 (ca)
22ct Gold Half Sovereign Victorian Shieldback 1885 (ca)
£ 413.70
1914 George V Gold Half Sovereign 22 carat gold coin
1914 George V Gold Half Sovereign 22 carat gold coin
£ 348.42
Antique Rolled Gold Sovereign Case, SP Finest Rolled Gold, c.1910 Coin Holder
Antique Rolled Gold Sovereign Case, SP Finest Rolled Gold, c.1910 Coin Holder
£ 234.72
2023 King Charles III Coronation Full Sovereign Gold Proof Coin PF70 Graded
2023 King Charles III Coronation Full Sovereign Gold Proof Coin PF70 Graded
£ 750.00
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USA On eBay USA:


gold sovereign coin 1913 Absolutely Beautiful Gold Mount
gold sovereign coin 1913 Absolutely Beautiful Gold Mount
£ 719.70
gold sovereign coin Proof 1982 Mint Condition
gold sovereign coin Proof 1982 Mint Condition
£ 719.70
Full Gold Sovereign. 1866. Sydney Mint.  Australia. Excellent Coin, and scarce.
Full Gold Sovereign. 1866. Sydney Mint. Australia. Excellent Coin, and scarce.
£ 761.52
gold sovereign coin Rare  1898 Absolutely Stunning
gold sovereign coin Rare 1898 Absolutely Stunning
£ 1,485.72
22ct Gold Half Sovereign Victorian Shieldback 1885 (ca)
22ct Gold Half Sovereign Victorian Shieldback 1885 (ca)
£ 413.70
1914 George V Gold Half Sovereign 22 carat gold coin
1914 George V Gold Half Sovereign 22 carat gold coin
£ 348.42
Antique Rolled Gold Sovereign Case, SP Finest Rolled Gold, c.1910 Coin Holder
Antique Rolled Gold Sovereign Case, SP Finest Rolled Gold, c.1910 Coin Holder
£ 234.72
2023 King Charles III Coronation Full Sovereign Gold Proof Coin PF70 Graded
2023 King Charles III Coronation Full Sovereign Gold Proof Coin PF70 Graded
£ 750.00
View Coins on eBay UK
View Coins on eBay USA