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Well, there are a few ways to answer this question. The guinea was a gold British machine struck coin that eventually had the value of 1 pound and 1 shilling. In the pre-decimal system there were 20 shillings to the pound and 12 pence to the shilling. Eventually the guinea was superseded by the sovereign, a gold coin worth 1 pound.

The difficulty in answering your question is that the guinea no longer really exists, technically it would be worth 1.10 pounds if you did a straight conversion of currency and converting the pre-decimal amount to the post-decimal amount, which would equal to about $1.76 US.

However, since neither the UK or the US is on the gold standard anymore, the actual price of a gold guinea is much, much higher than $1.76, also, the pound has been devalued much more to the US than historically (historically there have been about 4 pounds in each US dollar, or about 5 shillings to the dollar). So if you have a physical guinea, post a new question including the date and an estimate of condition and we can find you a value for that coin.

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12y ago

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