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A Guinea coin is a denomination of the old redundant predecimal British currency system and dates back to the time of Charles II.
It had something of a variable value initially, but settled down to the value of £1/1/0d or, One Pound and one Shilling, 21 Shillings, or 252 Pence depending on your frame of reference.
They were first minted in 1663 and last minted in 1813 when they were effectively replaced by the Sovereign (One Pound).
The coin was made from gold and was amongst the first machine produced English coins. The name came from the fact the gold used to manufacture them was mined in Guinea, West Africa.
During their time in the English currency, Guineas were produced in 1/4, 1/3, 1/2, 1, 2 and 5 Guinea denominations.
The British decimal equivalent value of the Guinea is £1.05 (One Pound and five pence).
Some auction houses still use Guineas to price very valuable items such as racehorses, antique furniture and original "old master" paintings.
From a coin collectors perspective, a Guinea coin or its variants, depending on the year, condition and method of minting, could be worth anything from about a hundred to many thousands of Pounds GBP.
Please note that since the Guinea is part of a redundant or obsolete currency, it no longer has an "exchange rate" with other currencies.
Wiki User
∙ 11y ago
Wiki User
∙ 13y agoA British 1795 gold Guinea (George III), circulated but still in good condition, might fetch anything from £250 to £750 GBP.
NOTE - The reverse of these coins is upside down to the obverse. This is normal.
The values quoted are the best possible for the best specimens in their grades, but may be significantly lower due to varying demand for the coin and the prevailing economic climate. A reputable coin dealer will be able to give a more accurate valuation based on inspection of the coin.
Wiki User
∙ 13y agoSuch a coin does not exist.
Britain replaced the Guinea coin with the Sovereign in 1817.
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When was Guinea - British coin - created?
Guinea - British coin - was created in 1663.
What is the value of an 1860 British Guinea?
Please check your coin. The last British Guinea or any of the fractional Guinea coins was issued in 1813.
Is 1903 Guinea a coin or a note?
The British Guinea was a gold coin valued at 21 Shillings which was last minted in 1813.
What is the value of a 1914 British Guinea?
British Guineas were no longer minted after 1813. They were replaced by the Sovereign.
What is a guinea?
A Guinea is a coin of the old pre-decimal British currency. It was worth approximately 21 shillings.
Is a British pound the same as a guinea?
No, a guinea coin was equal to a pound and a shilling. It was no longer made after 1816.
Were British One Guinea coins minted after 1813 fake or real?
The last British One Guinea coin struck for circulation was dated 1813.
Is a gold Guinea coin the same as a gold Sovereign coin?
No. The British gold Guinea coin was a coin with a value of 21 Shillings and was 24mm in diameter. The Guinea was last issued in 1813 and was effectively replaced by the Sovereign. The British 22 carat gold Sovereign coin is a coin with a face value of One Pound (or 20 Shillings) and is 22.05mm in diameter. The modern Sovereign was first issued in 1817.
How can you tell the difference between a Guinea and a Half-Guinea coin?
Size is the difference, but the exact diameter would depend greatly on the year, since the diameter varied from time to time. Guinea coins were first minted in 1663 and last minted in 1813. The British Guinea coin had a diameter of 24 to 26 mm. Half-Guinea coins were first minted in 1669 and last minted in 1813. The British Half-Guinea had a diameter of 20 to 21 mm.
What is the value of a James II Guinea?
The British James II gold Guinea coin was issued from 1685 to 1688 inclusive. Depending on the condition of the coin, it is either valuable or very valuable. I suggest you take it to a reputable coin dealer who will confirm it as genuine and give a valuation.
What is the value of a 1724 British Guinea coin?
A British 1724 Guinea, circulated but still in good condition, might fetch anything from £350 to £2,750 GBP. A reputable coin dealer will be able to give a more accurate valuation. NOTE - The reverse of these coins is upside down to the obverse. This is normal.
What is the value of a 1694 British Two Pound coin?
The Pound or Sovereign was not introduced into the British system of currency until 1817 when it replaced the Guinea, and the first Two Pound coin (Double Sovereigns) was minted in 1820.
