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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The Sovereign 2027 Gold Proof Coin
The Sovereign 2027 Gold Proof Coin
£ 1,195.00
Bullion Gold Half Sovereign Best Value
Bullion Gold Half Sovereign Best Value
£ 401.83
Gold Sovereign Best Value Gold Coin
Gold Sovereign Best Value Gold Coin
£ 784.91
victorian gold half sovereign 1876
victorian gold half sovereign 1876
£ 547.30
QE11 Gold Sovereign, Dated 2012, In Mint Condition.
QE11 Gold Sovereign, Dated 2012, In Mint Condition.
£ 730.90
RARE 1872 M Victoria Shield Back Gold Sovereign Melbourne Young Head First Year
RARE 1872 M Victoria Shield Back Gold Sovereign Melbourne Young Head First Year
£ 1,025.00
1/10th Sovereign 24ct Gold Coin. Of Queen Victoria And Queen Elizabeth. UK 2026
1/10th Sovereign 24ct Gold Coin. Of Queen Victoria And Queen Elizabeth. UK 2026
£ 172.30
1925  GB George V Gold Sovereign Coin St George & the Dragon Extra fine.
1925 GB George V Gold Sovereign Coin St George & the Dragon Extra fine.
£ 899.20
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