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:


1900 Queen Victoria Veiled Head Half Gold Sovereign Coin 4g
1900 Queen Victoria Veiled Head Half Gold Sovereign Coin 4g
£ 449.90
1907 Gold Sovereign Coin Edward VII
1907 Gold Sovereign Coin Edward VII
£ 822.70
1914 Half Sovereign Gold Bullion Coin - George V - 22ct - 3.99g
1914 Half Sovereign Gold Bullion Coin - George V - 22ct - 3.99g
£ 499.99
2024 King Charles III Gold Sovereign Coin 22ct 7.98g Royal Mint Bullion Sealed.
2024 King Charles III Gold Sovereign Coin 22ct 7.98g Royal Mint Bullion Sealed.
£ 860.00
1887 Queen Victoria Jubilee 22ct Gold Full Sovereign Coin with COA
1887 Queen Victoria Jubilee 22ct Gold Full Sovereign Coin with COA
£ 924.70
1911 George v Full Sovereign Gold Coin, 22ct
1911 George v Full Sovereign Gold Coin, 22ct
£ 913.78
2018 GOLD PROOF Half Sovereign Royal Mint BOXED & COA No. 0696
2018 GOLD PROOF Half Sovereign Royal Mint BOXED & COA No. 0696
£ 549.00
9ct Yellow Gold Full Sovereign Plain Pendant Mount 9ct Gold Coin Mount
9ct Yellow Gold Full Sovereign Plain Pendant Mount 9ct Gold Coin Mount
£ 180.88
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USA On eBay USA:


1900 Queen Victoria Veiled Head Half Gold Sovereign Coin 4g
1900 Queen Victoria Veiled Head Half Gold Sovereign Coin 4g
£ 449.90
1907 Gold Sovereign Coin Edward VII
1907 Gold Sovereign Coin Edward VII
£ 822.70
1914 Half Sovereign Gold Bullion Coin - George V - 22ct - 3.99g
1914 Half Sovereign Gold Bullion Coin - George V - 22ct - 3.99g
£ 499.99
2024 King Charles III Gold Sovereign Coin 22ct 7.98g Royal Mint Bullion Sealed.
2024 King Charles III Gold Sovereign Coin 22ct 7.98g Royal Mint Bullion Sealed.
£ 860.00
1820 George III Full Gold Sovereign Coin
1820 George III Full Gold Sovereign Coin
£ 1,791.70
1911 George v Full Sovereign Gold Coin, 22ct
1911 George v Full Sovereign Gold Coin, 22ct
£ 913.78
2018 GOLD PROOF Half Sovereign Royal Mint BOXED & COA No. 0696
2018 GOLD PROOF Half Sovereign Royal Mint BOXED & COA No. 0696
£ 549.00
9ct Yellow Gold Full Sovereign Plain Pendant Mount 9ct Gold Coin Mount
9ct Yellow Gold Full Sovereign Plain Pendant Mount 9ct Gold Coin Mount
£ 180.88
View Coins on eBay UK
View Coins on eBay USA