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:


Vintage 9ct Yellow Gold Sovereign Coin Ring Size Y Hallmarked Rare
Vintage 9ct Yellow Gold Sovereign Coin Ring Size Y Hallmarked Rare
£ 229.00
1873-S, Queen Victoria Gold Sovereign, Coat Of Arms On Reverse, AU-55 Grade
1873-S, Queen Victoria Gold Sovereign, Coat Of Arms On Reverse, AU-55 Grade
£ 700.00
SCARCE 1873 S SYDNEY Victoria SHIELD Gold Full Sovereign AUSTRALIA #45
SCARCE 1873 S SYDNEY Victoria SHIELD Gold Full Sovereign AUSTRALIA #45
£ 655.00
SCARCE 1885 S SYDNEY PCGS AU58 Victoria SHIELD Full Gold Sovereign AUSTRALIA
SCARCE 1885 S SYDNEY PCGS AU58 Victoria SHIELD Full Gold Sovereign AUSTRALIA
£ 675.00
2015 Gold Half Sovereign Coin Brilliant Uncirculated
2015 Gold Half Sovereign Coin Brilliant Uncirculated
£ 325.00
quarter sovereign gold coin
quarter sovereign gold coin
£ 190.00
375 9ct Solid Yellow Gold Saint George Sovereign Coin Ring - Size V - Brand New
375 9ct Solid Yellow Gold Saint George Sovereign Coin Ring - Size V - Brand New
£ 229.00
1896 South African Rep. One Pond Gold sovereign
1896 South African Rep. One Pond Gold sovereign
£ 700.00
View Coins on eBay UK
View Coins on eBay USA

USA On eBay USA:


Vintage 9ct Yellow Gold Sovereign Coin Ring Size Y Hallmarked Rare
Vintage 9ct Yellow Gold Sovereign Coin Ring Size Y Hallmarked Rare
£ 229.00
1873-S, Queen Victoria Gold Sovereign, Coat Of Arms On Reverse, AU-55 Grade
1873-S, Queen Victoria Gold Sovereign, Coat Of Arms On Reverse, AU-55 Grade
£ 700.00
SCARCE 1873 S SYDNEY Victoria SHIELD Gold Full Sovereign AUSTRALIA #45
SCARCE 1873 S SYDNEY Victoria SHIELD Gold Full Sovereign AUSTRALIA #45
£ 655.00
SCARCE 1885 S SYDNEY PCGS AU58 Victoria SHIELD Full Gold Sovereign AUSTRALIA
SCARCE 1885 S SYDNEY PCGS AU58 Victoria SHIELD Full Gold Sovereign AUSTRALIA
£ 675.00
2015 Gold Half Sovereign Coin Brilliant Uncirculated
2015 Gold Half Sovereign Coin Brilliant Uncirculated
£ 325.00
quarter sovereign gold coin
quarter sovereign gold coin
£ 190.00
375 9ct Solid Yellow Gold Saint George Sovereign Coin Ring - Size V - Brand New
375 9ct Solid Yellow Gold Saint George Sovereign Coin Ring - Size V - Brand New
£ 229.00
1896 South African Rep. One Pond Gold sovereign
1896 South African Rep. One Pond Gold sovereign
£ 700.00
View Coins on eBay UK
View Coins on eBay USA